Anesthesia Devices Market

Global Anesthesia Devices Market Size (2024 to 2029)

The global market for anesthesia devices is estimated to be growing at a CAGR of 6.94% from 2023 to 2028 and be worth USD 22.44 billion by 2029 from USD 16.04 billion in 2024.

MARKET DRIVERS

The growing prevalence of chronic diseases, increasing pollution levels, increasing tobacco consumption, rising number of surgeries, and increasing demand for anesthesia devices from hospitals and clinics are primarily accelerating the development of the global anesthesia devices market.

Increasing investments in technological advancements to manufacture better and more cost-effective anesthesia devices and techniques significantly impact the market growth, enabling faster deployment in the healthcare industry. Expanding development of short-acting anesthetics, rising sales of anesthesia monitors, and growing demand for anesthesia workstations further boost the market growth. A decision support system (DSS) is another type of anesthesia. Anesthesia information management system (AIMS) helps the clinician deliver health services while monitoring the patient's wellness.

The rising number of surgical operations, the growing geriatric population worldwide and technological advancements are further anticipated to boost the anesthesia devices market.

Surgical operations are growing due to the spread of numerous diseases. Anesthesia is given to a patient undergoing surgery to control the pain. Orthopedic, cardiac, and neurological surgery are the primary surgical disorders frequently done worldwide. Due to the increase in these surgeries, the anesthesia device market has had enormous growth. Anesthetic devices are used in surgical procedures to reduce pain in the geriatric population. In addition, the senior population is highly suffering from degenerative diseases and chronic illnesses, causing an increased need for surgeries and therapeutics. Increasing market investments for technological advancements in anesthesia machines and techniques significantly impact the market growth, enabling faster deployment in the healthcare industry. Expanding development of short-acting anesthetics, rising sales of anesthesia monitors, and growing demand for anesthesia workstations are driving market growth. A decision support system (DSS) is another type of anesthesia. Anesthesia information management system (AIMS) helps the clinician deliver health services while monitoring the patient's wellness.

MARKET RESTRAINTS

However, the high cost of devices and strict reimbursement policies from healthcare insurance for the purchase of medical devices, stringent government regulations for product approval, and lack of proper maintenance, servicing, and repair are restraining factors for the growth of the anesthesia devices market. In addition, the time-consuming process of creating an anesthetic system, side effects such as cognitive disturbance and post-surgery delirium related to anesthesia, and the lack of standards for their validation are the challenges for the market growth.

Impact of the COVID-19 pandemic on the anesthesia devices market

COVID-19 has had a positive impact on the global anesthesia devices market. The COVID-19 outbreak has spread throughout the world. In-Patients and outpatients have reduced in hospitals due to epidemic conditions. The manufacturing and supply chain for the market for general anesthetic devices has decreased. Covid-19 has changed many people’s lifestyles and reduced unwanted expenditures. Due to the rising COVID-19 cases in the early stages of the pandemic, all hospitals worldwide canceled all planned and elective surgeries. Only emergency surgeries are going to be held in hospitals. In May 2020, an estimated 585,003 elective procedures were postponed during the 12-week lockdown in India alone, while several elective surgeries were canceled and postponed globally, according to the British Journal of Surgery. Due to this anesthetic device market has seen a slight decline. However, as soon as lockdown restrictions were removed, the demand for anesthetic devices increased. Anesthesia devices were also used as ventilators for COVID-19 patients. Moreover, hospitals use inhalation anesthetics for sedation during prolonged anesthesia machine ventilation. Considering all these factors, the market is projected to showcase a healthy growth rate during the forecast period.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Global Anesthesia Devices Market Analysis By Product

Based on the product, the anesthesia monitors segment had the highest share in the global anesthesia devices market in 2024. Anesthesia devices track patients' exposure to anesthetic agents such as gases, medications, and fluids. These devices are used during surgeries to monitor the health of the patients and their response to the anesthetic indication. Several features, such as oxygen saturation, carbon dioxide, heart rate, and blood pressure, together with decision support systems and data analysis, help physicians better understand the patient’s position.

Global Anesthesia Devices Market Analysis By Application

Based on the application, the dental segment accounted for the largest share of the market in 2024. This is due to an increase in the geriatric population, a rise in the incidence of dental disorders, and increased awareness among people. In addition, anesthesia is used to numb the surgical part in several cases of dental surgeries. Combining nitrous oxide and numbing agents effectively manages patient treatment, accelerating segmental expansion.

Global Anesthesia Devices Market Analysis By End-User

Based on the end-user, the hospital segment was the leading segment in the global anesthesia devices market in 2024. The demand for anesthesia devices in hospitals is increasing due to the availability of technologically advanced technologies and instruments to provide for a large population. In addition, the demand for hospitals is growing due to the availability of highly skilled and qualified medical workers.

REGIONAL ANALYSIS 

North America had the largest share in the global anesthesia devices market in 2022. The United States has dominated the North American region due to rapid growth in disorders including obesity, cardiovascular diseases, the prevalence of diseases including cancer, and various cancers that have led to an increase in both open and minimally invasive procedures. In 2020, as per GLOBOCON, 612,395 fatalities and 2,281,658 new cancer cases were reported in the United States. 

The Asia Pacific holds the second position in the global anesthesia devices market due to the growing geriatric population, a large population of patients, an advancing healthcare system, and an increasing number of surgeries. China has the highest share in the Market due to health insurance coverage, economic development, growing demand for intermittent flow anesthetic machines, and a rising number of surgeries, such as cardiovascular and bariatric, as well as rising cancer cases. A Chinese-based company acquired Heyer Medical AG. The purchase was made during Heyer Medical AG's reorganization process, including Heyer's whole product offering of anesthesia machines and medical ventilators.

Europe is predicted to register a substantial share in the global anesthesia devices market during the forecast period due to the development of technologically advanced anesthesia machines & techniques, increasing investment by the government, and an increasing number of people suffering from breathing problems. In addition, the United Kingdom is dominant in Europe due to high cases of COVID-19 in 2020, which resulted in high demand for anesthesia devices.

KEY PLAYERS IN THE GLOBAL ANESTHESIA DEVICES MARKET

The key players operating in the global anesthesia devices market are Analogic Corporation, B. Braun Melsungen AG, FUJIFILM Holdings Corporation, Ambu, Cardinal Health, Kimberly-Clark, Masimo, Medline Industries, Inc., PerkinElmer Inc., Baxter, BD, Hospira, Inc., Teleflex Incorporated, 3M, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Smiths Group plc, OSI Systems, Inc., AstraZeneca, Medtronic and ALung Technologies, Inc.

RECENT HAPPENINGS IN THE MARKET

• Mindray, popular in developing innovative healthcare technology, launched it is brand new A9 and A8 anesthesia systems in 2020 to provide complete patient safety from induction to recovery.
• In 2022, Medtronic and GE Healthcare announced a partnership to focus on the needed products and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). 

DETAILED SEGMENTATION OF THE GLOBAL ANESTHESIA DEVICES MARKET INCLUDED IN THIS REPORT

This research report on the global anesthesia devices market has been segmented and sub-segmented based on product, application, end-user, and region.

By Product

• Anesthesia Delivery Machine
• Anesthesia Disposables & Accessories
  • Anesthesia Circuits
  • Anesthesia Masks
  • Laryngoscopes
  • HME
  • Others
• Anesthesia Monitors
• Anesthesia Information Management Systems (AIMS)

By Application

• Cardiology
• Neurology
• Dental
• Ophthalmology
• Urology
• Orthopedics

By End-User

• Hospital
• Clinics
• Ambulatory Service Centres

By Region

• North America

• Europe

• Asia-Pacific
• Middle East Africa
• Latin America