The Asia Pacific Anesthesia Device Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Use of various anesthesia devices enable the anesthesiologists to have a proper view of patients’ blood oxygen level, blood pressure, heart function, & breathing patterns. These advanced devices have improved the working abilities of healthcare facilities. The anesthesia devices even enable scientist to study how the particular drug will affect specific molecules in human cells.
Additionally, the use of heat and moisture exchangers reduces the rates of clinical paralysis. But the duration it takes for irreversible changes is not clear whereas there is no such problem in case of general anesthesia. Other benefits of the HMEs include the cost effectiveness, light weight, passive generation of heat and profitability. Furthermore, the anesthesia breathing circuit filters are also in high demand due to high cases of respiratory issues especially in the cold regions.
The rising disposable income & per capita income of the people of emerging nations such as India, Chins are the major factors responsible for the growth of the anesthesia device market. Moreover, China has increased spending in the development of healthcare systems which attracts the anesthesia device manufacturing companies to invest in the region would contribute to the anesthesia device market growth in the region. Also, the presence of key market providing advanced anesthesia devices players in the region is leading to market growth.
According to the Report on Road Accidents in India 2019, there were 1,511,113 accident-related deaths in India in 2019. In addition, according to the WHO’s Global Report on Road Safety, the number of road accidents is increasing continuously in India leading to serious injuries such as orthopedic injuries and nerveous injuries which require immediate minor or even surgeries.
The China market dominated the Asia Pacific Anesthesia Devices Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,804.7 million by 2027. The Japan market is anticipated to grow at a CAGR of 7.8% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 9.1% during (2021 - 2027).
Based on End User, the market is segmented into Hospital, Clinics, and Ambulatory Service Centres. Based on Product, the market is segmented into Anesthesia Delivery Machine, Anesthesia Monitors, Anesthesia Information Management Systems (AIMS), and Anesthesia Disposables & Accessories. Further, based on Anesthesia Disposables & Accessories type, the market is segmented into Anesthesia Masks, Anesthesia Circuits, Laryngoscopes, HME, and Others. Based on Application, the market is segmented into Orthopedics, Dental, Cardiology, Urology, Ophthalmology, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Anesthesia Devices Market is Projected to reach USD 21.4 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ambu A/S, General Electric (GE) Co., Becton, Dickinson and Company, Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, Smith & Nephew PLC, SunMed, LLC, 3M Company, Teleflex, Inc., and B. Braun Melsungen AG.
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