As administration of anesthesia becomes critical in a range of surgical operations and therapeutics, leading medical organizations, hospitals and ambulatory surgical centers are installing anesthesia machines in their premises. Shortage of anesthesia can lead to withdrawal of the patient during recovery stage and even cause death due to excessive sensitivity towards aching and soreness. This has prompted hospitals and clinics in adopting effective anesthesia machines that can administer anesthesia precisely and durably. Nurses and medical professionals are being trained extensively to adapt to the upgrades in anesthesia machines. Improper use of anesthesia machines can also deteriorate the health of patients being administered. According to a research study by Future Market Insights, the global anesthesia machines market is pegged to surpass US$ 2.4 billion valuation by the end of 2027. The study has assessed that the global anesthesia machines market will reflect a steady expansion at a 5.7% CAGR in terms of value over the forecast period, 2017-2026.
Analyst involved in the development of this forecast study has provided valuable insights by answering to some of key concerns linked to the future of global anesthesia machines market.
Besides their critical role in surgical operations, what do you perceive to be the factors that will drive the use of anesthesia machines in hospitals?
To get to the core of this query, we must assess the findings provided in the study. It has been estimated that hospitals are the largest end-users of anesthesia machines in the world. In 2017, more than US$ 740 million worth of anesthesia machines were sold to hospitals worldwide. These estimations clearly indicate that in the near future, the use of anesthesia machines will be predominantly high in hospitals, as opposed to clinics, nursing facilities and ambulatory surgical centers. With surgical procedures becoming more complex, the usability of anesthesia machines will find upgrades, which will be accustomed by hospitals considering their sufficient funding capabilities. In addition, increase availability of anesthesiologists will further extend the use of anesthesia machines in hospitals. As hospitals become more multifunctional and diversified, almost every department will be instating an anesthesia machine as a preparatory measure.
What’s your take on the widely-sought modality of anesthesia machines in current and for the future healthcare landscape?
Clearly, portable anesthesia machines will lose their traction in terms of adoption as standalone modality will be preferred while administering anesthesia to patients. The advantage of standalone anesthesia machines with respect to damage control, simplified use, convenient maintenance and reachability will drive their sales in the years to come. The only deterrent for their adoption is their adverse impact on space optimization, which is a key concern for hospitals dealing with confined spaces. Analytically speaking, the standalone modality of anesthesia machines will reflect a high value growth over the forecast period.
What are the facts that support your approximation on North America being the largest market for anesthesia machines through 2026?
In the current scenario of global medical device industry, North American countries – the US and Canada – hold the upper hand for showcasing superior healthcare infrastructure and availability of skilled operators. Our report observes that North America will dominate the global anesthesia machines market expansion through 2026, with the US marketplace spearheading its growth. In addition, several leading anesthesia machine manufacturers are based in the US, while others are aiming to expand their manufacturing bases across North America. To reap profits from favorable healthcare policies, companies such as Drägerwerk AG & Co. KGaA, GE Healthcare, Getinge AB, Mindray Medical International Limited, Heyer Medical AG, Spacelabs Healthcare, ACOMA Medical Industry Co., Ltd., Infinium Medical, Inc., DRE Medical, Chirana Medical A.S., Beijing Aeonmed Co. Ltd., BPL Medical Technologies, Okuman Medical System Ltd., Comen Medical Instruments Co. Ltd., Lowenstein Medical GmbH & Co and Narang Medical Limited, which are observed as global leaders in anesthesia machines manufacturing, will be eyeing at expanding their footholds in North America in the coming years.
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