The Asia Pacific Anesthesia Equipment Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030).
Anesthesia monitors are utilized to monitor and administer synthetic sedative substances, such as gases, medications, and drinks, to the patient. These are employed during a procedure to monitor the patient's health and response to the anesthetic indication. The market is anticipated to grow as more features are added, such as carbon dioxide level, oxygen immersion level, pulse, and circulatory strain, in addition to the option of emotionally supportive networks and data investigation to help doctors learn more about their patients.
Leading suppliers in the industry are increasingly implementing cutting-edge marketing techniques to boost their market share. Additionally, vendors are putting more and more effort into performing clinical & health economic studies to prove the financial savings and advantages of their anesthetic devices. In order to boost sales of their products, this information is exploited to sway end customers' judgments. Cross-selling of products is increased due to sellers' efforts to grow their market share. Such marketing tactics are anticipated to encourage the use of anesthetic equipment and accelerate market growth.
The number of people over 60 in India has more than doubled in the last 50 years. There were 103.83 million older adults, or those over 60, in 2011, as per the most recent data provided by the Census. This figure is anticipated to rise to 178.59 million by 2031, then to 236.01 million, and eventually to 300.96 million. The World Health Organization reports that China has one of the world's fastest-aging populations. By 2040, there will be 28% of individuals in China who are over 60 as a result of rising life expectancy and falling fertility rates. In 2040, there will be 402 million people over 60, or 28% of the world's population. The market is predicted to expand due to the region's aging population because these people are more likely to develop chronic ailments than younger people.
The China market dominated the Asia Pacific Anesthesia Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,526.9 million by 2030. The Japan market is anticipated to grow at a CAGR of 9.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 10.5% during (2023 - 2030).
Based on Type, the market is segmented into Anesthesia Devices (Anesthesia Workstation, Anesthesia Delivery Machines, Anesthesia Ventilators, Anesthesia Monitors and Others) and Anesthesia Disposables (Anesthesia Circuits (Breathing Circuits), Anesthesia Masks, Endotracheal Tubes (ETTS), Laryngeal Mask Airways (LMAS) and Others). Based on Vertical, the market is segmented into Orthopedics, Neurology, Cardiology, Respiratory Care, Urology, General Surgery, Dental, Ophthalmology and Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers 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 Equipment Market is Projected to reach USD 32.2 Billion by 2030, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, Getinge AB, Ambu A/S, SunMed, LLC, Medline Industries, Inc., Penlon Ltd. (BPL Medical Technologies) and Heyer Medical AG (AEONMED Group).
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