Global Portable Anesthesia Systems Industry on Track to Reach US$ 933.4 Million with a 6.6% CAGR by 2033 | FMI Analysis

Portable Anesthesia Systems Market

The Global Portable Anesthesia Systems Industry is on the brink of a significant transformation, as revealed by the latest market analysis conducted by Future Market Insights Inc. Projections indicate that by the end of 2023, the market is set to accumulate a total value of US$ 493.6 million, paving the way for unprecedented growth in the coming decade.

This revelation comes as part of a comprehensive report released by Future Market Insights Inc., outlining the market dynamics, trends, and growth prospects for portable anesthesia systems globally. The forecast period, spanning from 2023 to 2033, anticipates a robust Compound Annual Growth Rate (CAGR) of 6.6%, propelling the market to a closing value estimated at US$ 933.4 million.

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The digital platform, at the time of injection, does govern pressure as well as flow rate of local anesthesia. It is all the more comfortable as compared to a syringe and does reduce anxiety. It is also capable of doing away with contractual numbness. The surgeons could, thus, plan surgical procedure way ahead of time and render precision. With these anesthesia systems, surgeon’s tools could be navigated as per a pre-specified method for effectively and safely placing injection in exact pre-planned locations.

Portable anesthesia systems have proven to be effective in prescription of medicine in intra-articular space. This, thereby, eliminates requirement of manual syringe for locating intra-articular space and minimizes probability of error while injecting medication’s exact quantity. At the same time, higher cost of portable anesthesia systems is expected to restrain the Global Portable Anesthesia Systems Industry in the forecast period.

Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Global Portable Anesthesia Systems Industry’. Its team of analysts and consultants is there to deploy bottom-up approach in its primary, secondary, and tertiary modes of research.

“With exploding geriatric population coupled with growing frequency of chronic ailments, the Global Portable Anesthesia Systems Industry is expected to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.

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Key Takeaways from Global Portable Anesthesia Systems Industry

  • North America holds a sizable market share with the US being subject to exceptional surgical procedure standards coupled with innovation by the key participants. As of the year 2022, North America holds more than 30% of the market share.
  • The Asia-Pacific is expected to grow at the fastest rate in the portable anesthesia systems market in the near future growing awareness amongst patients and physicians regarding treating spinal disorders with better safety and precision; that too, with robots being widely adopted by medical institutions for surgical procedures.
  • Europe holds the second-largest market share with the UK, France, and Germany leading from the front.

Competitive Systems

  • Ronvig Dental, in May 2021, came up with CALAJECTTM; computer-assisted local anesthesia. It was adjudged as ‘2022 Top Award Winner – Anesthetic Device’ by Dental Advisor. Palatal injections could also be performed with minimal pain to patient.
  • Drager, in January 2020, did announce introducing a new-fangled series of anesthetic workstations meant for simplifying working processes for biomedical workers and clinical staff for facing any of the obstacles.
  • Mindray, in October 2020, did announce launching A8 and A9 anesthetic systems in Europe as well as the other regions. They would aid anesthesiologists with tools needed for ascertaining safety of patients; right from induction to recovery.
  • Mindray, in January 2019, floored A-Series Advantage Anesthesia Delivery platform, which is a state-of-the-art family of the anesthesia solutions including A4, A5, and A7 Advantage systems.
  • Getinge, in March 2022, did announce that it had inked an anesthesia contract with Premier, Inc. The latter is known as a healthcare improvement company covering close to 4,400 hospitals and health systems in the US and over 225K other organizations and providers to help company in healthcare sector’s further expansion.

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What does the Report say?

  • The research study is based on application (medical specialties, anesthesiology, orthopedic surgery, pain medicine, physical medicine, rehabilitation, primary care/urgent care, rheumatology, sports medicine, dental specialties, and other applications), by surgery type (open surgery and minimally invasive surgeries), and by end-users (hospitals, clinics, Ambulatory Surgical Centers, and the other end-users).
  • With higher prospects of digital surgical platforms, the Global Portable Anesthesia Systems Industry is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.

Key Companies Profiled:

  • WandDental
  • Milestone Scientific
  • Evident Inc.

Key Segments Covered in the Portable Anesthesia Systems Industry Survey

Global Portable Anesthesia Systems Industry by Application:

  • Portable Anesthesia Systems for Medical Specialties
  • Portable Anesthesia Systems for Anesthesiology
  • Portable Anesthesia Systems for Orthopedic Surgery
  • Portable Anesthesia Systems for Pain Medicine
  • Portable Anesthesia Systems for Physical Medicine/Rehabilitation
  • Portable Anesthesia Systems for Primary Care/Urgent Care
  • Portable Anesthesia Systems for Rheumatology
  • Portable Anesthesia Systems for Sports Medicine
  • Portable Anesthesia Systems for Dental Specialties
  • Portable Anesthesia Systems for Other Applications

Global Portable Anesthesia Systems Industry by Surgery Type:

  • Portable Anesthesia Systems for Open Surgery
  • Portable Anesthesia Systems for Minimally Invasive Surgeries

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Global Portable Anesthesia Systems Industry by End Users:

  • Portable Anesthesia Systems for Hospitals
  • Portable Anesthesia Systems for Clinics
  • Portable Anesthesia Systems for Ambulatory Surgical Centers
  • Portable Anesthesia Systems for Other End Users

Global Portable Anesthesia Systems Industry by Region:

  • North America Portable Anesthesia Systems Market
  • Latin America Portable Anesthesia Systems Market
  • Europe Portable Anesthesia Systems Market
  • Asia Pacific Portable Anesthesia Systems Market
  • Middle East & Africa Portable Anesthesia Systems Market

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

The Global Surgical Retractors Market was valued at around US$ 1.8 Billion in 2021. With a projected CAGR of 8% for the next ten years, the market is likely to reach a valuation of nearly US$ 4.1 Billion by the end of 2032.

The Global 3D Printed Prosthetics Market will most likely garner a market value of US$ 1.62 Billion in 2023 and is expected to accumulate a market value of US$ 3.50 Billion by registering a CAGR of 8% in the forecast period 2023 to 2033.

The Global Arterial Cannula Market garnered a market value of US$ 21 Billion in 2023 and is expected to accumulate a market value of US$ 40 Billion by registering a CAGR of 6.6% in the forecast period 2022 to 2033.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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