Global Anesthesia Machines Market 2019-2023

Global Anesthesia Machines Market 2019-2023

About this market

Integration of anesthesia machines with hospital information management systems to drive market growth. The new generation of anesthesia machines offer integrated monitoring and recording facilities and seamless integration with a hospital information system. Several vendors are increasingly focusing on R&D on integrating their anesthesia machines with HIS, including AIMS, for automation documentation. Technavio’s analysts have predicted that the anesthesia machines market will register a CAGR of almost 4% by 2023.

Market Overview

Increasing prevalence of diseases and risk factors

Globally, the prevalence of CVDs, orthopedic disorders, neurological diseases, and gastrointestinal diseases is rising at a steady pace. The rising occurrence of these diseases leads to an increased amount of surgical procedures that need general anesthesia, which is projected to boost the global anesthesia market growth.

High cost of anesthesia machines

High cost of anesthesia machines is limiting its adoption. besides cost, the end-users bear additional expenses on maintenance and device specific accessories and consumables that have to be changed after certain number of uses.

For the detailed list of factors that will drive and challenge the growth of the anesthesia machines market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Drägerwerk and GE Healthcare the competitive environment is quite intense. Factors such as the integration of anesthesia machines with hospital information management systems and the increasing prevalence of diseases and risk factors, will provide considerable growth opportunities to anesthesia machines manufactures. Drägerwerk, GE Healthcare, Getinge, OSI Systems, Penlon, and Shenzhen Mindray Bio-Medical Electronics are some of the major companies covered in this report.