Anesthesia Machine Market Overview
The anesthesia machine market size was valued at USD 8.84 Billion in 2023. The anesthesia machine industry is projected to grow from USD 9.65 Billion in 2024 to USD 17.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.02% during the forecast period (2024 - 2032).
The rapid technological development and advancements in anesthesia machines, rapid increase in minimally invasive surgeries, increasing health care expenditure, and rising medical tourism are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
January 2024: GE Healthcare introduced the GE Aisys CS2 anesthesia machine, featuring improved ventilation modes and a new intuitive user interface designed to support more efficient anesthetic delivery and patient management.
March 2024: Philips launched the Philips IntelliVue MX40 anesthesia machine, which integrates advanced monitoring capabilities and AI-driven analytics to enhance patient safety and streamline workflows.
Anesthesia Machine Market Trends
- The growing prevalence of several chronic disorders is driving the market growth.
Market CAGR for anesthesia machines is driven by the rising prevalence of chronic disorders. According to the WHO, cancer is the leading cause of extinction ly and was responsible for an estimated 10 million deaths in 2020. According to Cancer Research UK, an estimated 27.5 million new cancer cases will be registered in 2040, an increase of 61.7% compared to 2018. About 62.6% of the new cancer cases occurred in Asia, Africa, Latin America, and the Caribbean in 2020; 72.6% of cancer deaths also occurred in 2020.
The increasing burden of cancer can be attributed to several factors, such as population growth and aging and the changing prevalence of various causes of cancer linked to social and economic development. Based on these statistics, basic and translational cancer research continues to be of utmost importance. This results in the growing demand for surgeries, boosting the anesthesia machine industry's growth.
Additionally, the rising demand for cosmetic procedures is another major factor contributing to the growth of the anesthesia machine market revenue. Due to Hollywood's influence, people are becoming more aesthetic or look-conscious. Consequently, they undergo several plastic surgeries such as liposuction, nose reshaping, lip fillings, eyelid surgeries, jaw surgeries, and many more.
Increasing organic strategies by the market player, such as partnerships, is expected to drive the growth of the anesthesia device market over the forecast period. For instance, in November 2021, Zimbis, a medication and supply management technology provider, announced a partnership with Southern Anesthesia & Surgical, Inc. (SAS), a U.S. distributor of surgical and anesthesia supplies to dental anesthesiologists, oral surgeons, and periodontists.
The partnership with SAS helps Zimbis' mission to deliver clients with solutions and workflows that address their specific medication and supply requirements. This announcement accompanies the launch of an order integration with SAS that streamlines the complicated and demanding process oral surgeons and other dental specialists typically need to take to order and restock inventory.
Anesthesia Machine Market Segment Insights
Anesthesia Machine Clinical Indications Insights
The anesthesia machine market segmentation, based on clinical indications, includes nervous system surgeries, eye surgeries, ear & nasal surgeries, cardiovascular nasal surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal surgeries, skin system surgeries, and others. The cardiovascular nasal surgeries segment dominated the market, accounting for 35% of market revenue (3.08 Billion).
In developing economies, category growth is driven by an upsurge in incidences of arthritis and cardiovascular disorders. However, nervous system surgeries are the fastest-growing category owing to the proliferating pervasiveness of road fatalities and cancer.
Anesthesia Machine Type Insights
The anesthesia machine market segmentation, based on type, includes continuous anesthesia machines, intermittent anesthesia machines, and others. The continuous anesthesia machines category generated the most income (70.4%) owing to the rising utilization of constant computer-controlled anesthesia machines in clinics and hospitals. However, intermittent anesthesia machine is the fastest-growing category owing to the growing prevalence of surgical procedure.
Anesthesia Machine Subject Insights
The anesthesia machine market segmentation, based on subject, includes human and veterinary. The human category generated the most income owing to a surge in chronic diseases in the geriatric population, a rise in pipeline research and launches for human anesthesia machinery. However, veterinary is the fastest-growing category due to the increasing usage of animal anesthesia machinery.
Anesthesia Machine Components Insights
The anesthesia machine market segmentation, based on components, includes machines, ventilators, monitors, disposables, and others. The machines category generated the most income owing to the rising number of surgeries performed. However, ventilators are the fastest-growing category owing to advancements in technology.
Anesthesia Machine End User Insights
The anesthesia machine market segmentation, based on end users, includes hospitals, points of care, and others. The hospitals category generated the most income owing to the rising preference of people to visit hospitals. However, point-of-care is the fastest-growing category owing to growing technological innovations in the point of care testing devices.
Anesthesia Machine Form Insights
The anesthesia machine market segmentation, based on form, includes portable anesthesia machines and stand-alone anesthesia machines. The portable anesthesia machine category generated the most income owing to the rising demand for portable anesthesia machines in various surgical procedures. However, stand-alone anesthesia machine is the fastest-growing category due to growing demand among hospitals.
Figure 1 Anesthesia Machine Market, by Form 2022 & 2032 (USD Billion)
Source Secondary Research, MRFR Database, Primary Research, and Analyst Review
Anesthesia Machine Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American anesthesia machine market will dominate, owing to the rising number of hospitals and increasing healthcare expenditure, the significant growth in patient volume and the demand for healthcare services will boost the market growth in this region. Further, the US anesthesia machine market held the largest market share, and the Canadian anesthesia machine market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 ANESTHESIA MACHINE MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, MRFR Database, Primary Research, and Analyst Review
Europe's anesthesia machine market accounts for the second-largest market share to the widespread usage of modern medical care technologies and machines, such as anesthetic machines. Further, the German anesthesia machine market held the largest market share, and the UK anesthesia machine market was the fastest-growing market in the European region.
The Asia-Pacific anesthesia machine market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the presence of a well-established medical device industry in this region. Moreover, China’s anesthesia machine market held the largest market share, and the Indian anesthesia machine market was the fastest-growing market in the Asia-Pacific region.
Anesthesia Machine Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the anesthesia machine market grow even more. Market participants are also undertaking several strategic activities to expand their footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the anesthesia machine industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the anesthesia machine industry to benefit clients and increase the market sector. Major players in the anesthesia machine market, including Fisher & Paykel Healthcare Limited., GENERAL ELECTRIC COMPANY, Medtronic, Smiths Medical, Mindray DS USA, Inc., Teleflex Incorporated, and others, are attempting to increase market demand by investing in research and development operations.
GE Healthcare Technologies Inc is a medical device provider that designs, develops, manufactures and distributes diagnostic imaging and clinical systems; products and services for drug discovery, biopharmaceutical manufacturing, and cellular technologies; imaging agents used during medical scanning procedures; and a range of healthcare IT solutions.
GE HealthCare also provides performance improvement and performance solutions services, computerized data management, and remote diagnostic and repair services for the company's and others' medical equipment. In April 2022, GE Healthcare received the FDA pre-market approval (PMA) for its End-tidal Control software for known anesthesia delivery on its Aisys CS2 Anesthesia Delivery System.
Fisher & Paykel Healthcare Corporation Ltd designs manufactures, and commercializes products and systems for acute care, respiratory care, and obstructive sleep apnea use. The company offers breathing circuits, chambers, continuous positive airway pressure devices, humidifiers, nasal cannulas, infant resuscitators, infant warmers, interfaces, masks, software and data management, surgical devices and accessories for neonatal care and adult patient care. The company offers its products to hospitals, home healthcare providers, distributors and other medical device manufacturers ly.
In May 2022, Fisher & Paykel Healthcare Corporation Limited launched two new products developed specifically for anesthesia applications. The company released the Optiflow Switch and Optiflow Trace nasal high-flow interface devices into select markets following several years of R&D.
Key Companies in the Anesthesia Machine market include
- DRE Medical
- Spacelabs Healthcare
- Midmark Corporation
- Shenzhen Comen Medical Instruments Co. Ltd
- Heyer Medical AG
- Dameca A/S
- Infinium Medical Inc.
- Dragerwerk AG
- Koninklijke Philips N.V
- General Electric Company.
- Philips Healthcare
Anesthesia Machine Industry Developments
October 2022: Intelligent Ultrasound received FDA De Novo approval for the ScanNav Anatomy peripheral nerve block device. This medical device is intended to help anesthetists and other health professionals identify essential anatomical structures in ultrasound images before inserting needles to deliver regional anesthesia.
April 2022: Medtronic collaborated with GE Healthcare, focusing on unique demands and needs for care at Ambulatory Surgical Centers (ASCs).
Anesthesia Machine Market Segmentation
Anesthesia Machine Clinical Indications Outlook
- Nervous System Surgeries
- Eye Surgeries
- Ear & Nasal Surgeries
- Cardiovascular Nasal Surgeries
- Digestive System Surgeries
- Urinary System Surgeries
-
Musculoskeletal Surgeries
- Skin System Surgeries
- Others
Anesthesia Machine Type Outlook
- Continuous Anesthesia Machine
- Intermittent Anesthesia Machine
- Others
Anesthesia Machine Subject Outlook
Anesthesia Machine Components Outlook
- Machines
- Ventilators
- Monitors
- Disposables
- Others
Anesthesia Machine End User Outlook
- Hospital
- Point of Care
- Others
Anesthesia Machine Form Outlook
- Portable Anesthesia Machine
- Stand-Alone Anesthesia Machine
Anesthesia Machine Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 8.84 Billion |
| Market Size 2024 |
USD 9.65 Billion |
| Market Size 2032 |
USD 17.9 Billion |
| Compound Annual Growth Rate (CAGR) |
8.02% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Clinical Indications, Subject, Components, End User, Form, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
DRE Medical, Dragerwerk AG, Midmark Corporation, Spacelabs Healthcare, Shenzhen Comen, Heyer Medical AG, Medical Instruments Co. Ltd, Infinium Medical Inc., Dameca A/S, Koninklijke Philips N.V, Philips Healthcare, and General Electric Company. |
| Key Market Opportunities |
The increasing number of surgical procedures |
| Key Market Dynamics |
The rapid increase in minimally invasive surgeries.The rapid technological development and advancements in anesthesia machines. |
Frequently Asked Questions (FAQ) :
The anesthesia machine market size was valued at USD 8.84 Billion in 2023.
The market is projected to grow at a CAGR of 8.02% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are DRE Medical, Dragerwerk AG, Midmark Corporation, Spacelabs Healthcare, Shenzhen Comen, Heyer Medical AG, Medical Instruments Co. Ltd, Infinium Medical Inc., Dameca A/S, Koninklijke Philips N.V, Philips Healthcare, and General Electric Company.
The cardiovascular nasal surgeries category dominated the market in 2023.
The continuous anesthesia machine had the largest share of the market.
The human category dominated the market in 2023.
The machines had the largest share of the market.
The hospital's category dominated the market in 2023.
The portable anesthesia machine had the largest share of the market.
