The Europe Anesthesia Equipment Market would witness market growth of 9.0% CAGR during the forecast period (2023-2030).
Since every patient undergoing surgery is anesthetized to alleviate pain during the procedure, anesthesia plays a crucial role. Due to the growing incidence of various medical disorders, musculoskeletal, respiratory, cardiac, and neurologic surgeries are among the most common surgical operations. The market’s expansion is anticipated to be fueled by the growing number of surgical procedures. The key factors driving the market are an increase in surgical procedures, the geriatric population, which is increasingly vulnerable to accidents or illnesses that require surgery, and the development of new technologies like bedside ultrasonography and advanced neurological muscle monitoring systems.
Growing rates of degenerative diseases among the elderly and persistent illnesses lead to increased interest in medical procedures. It is typical for constant checking to propel industry growth. Growing consumer demand for cutting-edge devices and processes substantially impacts market growth, enabling quicker dispatch in the medical services sector. The requirement by the states for clear documentation of proper and standard overhauling of the machines, comprising their parts, and their proper maintenance, adjustment, and repair, is acting as a restraint on the market's growth.
The over-65-year-old population is likewise expected to make up an increasing percentage of the overall population over time, according to Destatis, 2020, as younger birth cohorts also indicate declining numbers. From 15% in 1991 to 22% in 2019, it increased. The number of people who are very old and over 85 is growing especially quickly. In 1991, there were 1.2 million of them, and by 2019, there were 2.4 million. According to a UN assessment of French aging policy, France, like other European nations, is experiencing a steady and large rise in the population of senior people. In 2012, there were over 15 million persons in France over 60. In 2060, this number will increase to 24 million. Because older people are more likely to need surgery since they are more likely to sustain significant injuries, the aging population in European countries is projected to offer growth possibilities to market participants.
The Germany market dominated the Europe Anesthesia Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,166.4 million by 2030. The UK market is estimated to grow at a CAGR of 8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 9.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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