The India Anesthesia Devices Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 12.2% during the forecast period, 2023 – 2031. Growth of the market is attributed to the development of advanced devices, rising healthcare expenditure, increasing government initiatives, and growing cases of injuries & accidents.
Anesthesia machine is important equipment that the anaesthesiologist uses during surgeries. On the basis of skills & knowledge of the anaesthesiologist and elementary design of the machine with its safety features, the use of anesthesia machine depends.
Preparation of a gas mixture of precisely known, but variable composition is the primary function of an anesthesia machine. For the purpose of inducing & maintaining anaesthesia, the anesthesia device is used to generate fresh gas flow of medical gases.
The COVID-19 pandemic affected the demand and supply of India anesthesia devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Anesthesia Devices Market Trends, Drivers, Restraints, and Opportunities
Technological advancement in device sector is projected to boost the market in the coming years.
Increasing number of surgical procedures requiring anesthesia is the major factor fueling the market.
Emerging economies and lack of health infrastructure is anticipated to restrict the market growth.
Lack of awareness about anesthesia devices act a main challenge that can hamper the market expansion during the forecast period.
R&D investment and technological advancement anesthesia devices market is projected to offer lucrative opportunities for the market players.
Scope of Anesthesia Devices Market Report
The report on the India anesthesia devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
India Anesthesia Devices Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Anesthesia Delivery Machines, Anesthesia Ventilators, Anesthesia Machines, Anesthesia Monitors, and Others), and Disposables & Accessories (Endotracheal Tubes, Anesthesia Circuits & Breathing Circuits, Anesthesia Masks, Laryngeal Mask Airways, and Others)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
Terumo Corp.; Nihon Kohden Corp.; GE Healthcare Ltd.; Baxter International Inc.; Medion Healthcare Pvt. Ltd.; B. Braun Medical; Becton, Dickinson & Company; and Ontex Medical Devices manufacturing Pvt. Ltd.
Anesthesia Devices Market Segment Insights
The anesthesia delivery machines segment accounts for key share of the market
Based on types, the India anesthesia devices market is fragmented into anesthesia delivery machines, anesthesia ventilators, anesthesia machines, anesthesia monitors, and others. The anesthesia delivery machines segment accounts for a key share of the market. Growth of the market is attributed to the increasing funding from government & private organization, rising number of research & development activities, and unhealthy lifestyle.
The anesthesia machines segment is anticipated to expand at a rapid pace during the forecast period due to rapid urbanization, rising prevalence of obesity, and rising number of accident cases.
The anesthesia circuits & breathing circuits segment accounts for significant share of the market
On the basis of disposable & accessories, the India anesthesia devices market is segregated into endotracheal tubes, anesthesia circuits & breathing circuits, anesthesia masks, laryngeal mask airways, and others. The anesthesia circuits & breathing circuits segment accounts for a significant share of the market. Growth of the market is attributed to rising technological advancement. The endotracheal tubes segment is anticipated to expand at a rapid pace during the forecast period due to increasing geriatric population.
Anesthesia Devices Market outlook
The India anesthesia devices market is anticipated to expand at a high CAGR during the forecast period due to increasing demand for anesthesia devices and rising awareness about health. Growth of the market is attributed to introduction of technological and novel advanced product and smart anesthesia devices for diseases & surgeries management.
Rapid development in the health sector increased the demand for anesthesia devices in the India. Increasing number of fatal diseases due to changing life style is the major factor fueling the market during the forecast period.
The India anaesthesia devices market has been segmented on the basis of
- Anaesthesia Delivery Machines
- Anaesthesia Ventilators
- Anaesthesia Machines
- Anaesthesia Monitors
- Other Devices
Disposables & Accessories
- Endotracheal Tubes
- Anaesthesia Circuits & Breathing Circuits
- Anaesthesia Masks
- Laryngeal Mask Airways
- Other Accessories
- Terumo Corp.
- Nihon Kohden Corp.
- GE Healthcare Ltd.
- Baxter International Inc.
- Medion Healthcare Pvt. Ltd.
- B. Braun Medical
- Becton, Dickinson & Company
- Ontex Medical Devices manufacturing Pvt. Ltd.
Key players competing in the India anesthesia devices market include Terumo Corp.; Nihon Kohden Corp.; GE Healthcare Ltd.; Baxter International Inc.; Medion Healthcare Pvt. Ltd.; B. Braun Medical; Becton, Dickinson & Company; and Ontex Medical Devices manufacturing Pvt. Ltd.
Some of these players are using several market strategies such as product launches, partnerships, merger, capacity expansion, collaborations, and acquisitions to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.