Anesthesia Machine Market Trends Report- Size, Market Share, Manufacturers, Demand Forecast
Anesthesia
Machine Market Trends Dynamics
The growing number of surgeries performed around the globe
is the prime driver of the market. Approximately 80 million inpatient surgeries
were conducted in the U.S. in 2015. The growing burden of diseases coupled with
the rising expenditure on health is another driver of the anesthesia apparatus.
Advancements in anesthesia system technology and the shift
away from general anesthesia towards partial anesthesia, coupled with the
development of short-acting anesthetics is driving a change in trend. Thus, the
predominant continuous flow anesthetic machine or Boyles anesthesia machine is
giving way to the intermittent flow anesthetic machine. Another trend catching
on is the growing use of computer controlled anesthesia and patient monitoring
devices.
Portability and miniaturization have led to growing adoption
of anesthesia in point of care surgeries. Gone are the days of large
instruments, today’s anesthetic machines consume a fraction of space. The
growing capabilities of anesthetic devices such as the ability to deliver
variable flow, minimum low flow rate, scavenging systems to capture waste
gases, emergency systems such as oxygen flush systems and others are driving
the market.
The market restraints of the anesthetic market are the high
cost of installation and maintenance, scarcity of anesthesiologists, the risk
of infection, complications such as pain, and deaths due to overdose and
others.
Key players
Some of the dominant anesthesia machine brands operating in
the market are Fisher & Paykel Healthcare, Heyer Medical AG, Draeger, GE
Healthcare, Koninklijke Philips N.V, Mindray DS USA Inc., Covidien, Smiths
Medical, and Teleflex Inc.
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Segmentation
The global anesthesia machines market is segmented based on
type, clinical indications, source, form, end users, distribution, and regions.
Based on the type, the market comprises of continuous
anaesthesia machines, intermittent anaesthesia machines, and others.
Based on clinical indications, the market comprises
of nervous system surgeries, eye, ear and nasal surgeries, respiratory system
surgeries, cardiovascular system surgeries, digestive system surgeries, urinary
system surgeries, musculoskeletal system surgeries, and skin system surgeries,
and others.
Based on components, the market is segmented into
machines, ventilators, monitors, disposables, and others.
Based on the subject, the market is segmented human
and veterinary.
Based on dimensions, the market is segmented into
portable anaesthesia machines and stand-alone anesthesia machines.
Based on end users, the market is segmented into
hospitals, the point of care, and others.
Based on the regions, the market is segmented as
North America, Europe, Asia Pacific Middle East and Africa and rest of the
world.
Regional analysis
North America commands the most significant share of the
market due to a large number of surgeries and sizeable public expenditure on
healthcare. The U.S. spends a substantial proportion of the GDP on healthcare,
of which approximately 16 % in 2016. However, the recent reimbursement cuts by
the government of U.S. may hinder the market.
Europe market is dominated by Germany, France, and the U.K.
Owing to the extensive medical device industry of Germany. Poland, Spain, and
Italy also have a sizable market share of the European market.
Asia Pacific region is expected to demonstrate the fastest
growth for the anaesthesia machine market is owing to economic development and
developing healthcare infrastructure. China is expected to drive a considerable
growth followed by India. The leading domestic players, in China, are Tuoren
Medical, Shengguang Medical, and Qiangjian Medical, which account for approximately
16 % of the local market share of China.
The Middle East and Africa are led by Gulf economies of
Saudi Arabia, UAE, Kuwait, and Qatar. The Middle East is a market to watch
owing to its high wealth and the development of large hospital complexes in the
region such as the King Fahd hospital, Riyadh. The market is however dependent
on petrodollar and the expat population, which is a threat to its stability.
The kingdom of Saudi Arabia reduced its healthcare spending by 35 percent in
the year 2016 to wean the downfall of revenues owing to falling crude oil
prices. Saudi Arabia and other Gulf nations spend approximately 75 % of total
healthcare expenditure through public budgets which must be seen as a threat as
well as opportunity for the private players to capture the domestic market of
Gulf economies.
Thus, the short-term prospects for the Middle East region
are expected to rise to previous levels after 2018. The government is
undertaking harsh fiscal adjustment owing to weak oil price. However, the high
and satisfactory foreign reserves of Saudi Arabia, which equal over 95 % of
GDP, and low public debt stock of just 5.8 % of GDP in 2015 are enough to say
that the cuts will not be too drastic!
The Latin America market is characterized by poor domestic
capacity and capability of production. China is expected to increase its share
of the medical devices imports of Brazil, especially in low-end devices. Among
the regions of Brazil, São Paulo, Minas Gerais, Bahia, Rio de Janeiro and
Parana tops the healthcare expenditure list. However, the differential regional
healthcare availability owing to extreme social and economic differentiation of
the Brazilian population is the prime threat to the market. The inadequate
health care in its vast rural areas, political turmoil, the weak Brazilian Real
are the other threats to the market.
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