The North America Anesthesia Equipment Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
The increasing number of operations and new anesthesia equipment approvals are the main drivers of this market's expansion. Manufacturers and medical organizations are concentrating on educating surgeons and healthcare professionals about using anesthetic devices in different surgical operations. Additionally, manufacturers are working on cutting-edge medical device technology, boosting the market.
The types of cases handled in the operating room are mostly responsible for the requirement of anesthetic checking equipment. The limits for anesthetic monitoring devices include a consistent evaluation by estimating ventilation, patient dissemination, oxygenation, and temperature. Up until the patient is fully recovered from anesthesia, a high level of checking should be maintained. Observing equipment ought to improve clinical perspectives.
A component of the system, the anesthetic checking devices are used to monitor a patient's response to sedative medicines during a medical operation. They help the anesthetist by monitoring the dosage of sedatives given to the patient. A less effective sedative regimen can result in the patient being more aware of his surroundings during the treatment, while a regimen excessively in sedatives can prolong the patient's postoperative recovery period.
The rate of traffic fatalities in Mexico, a nation of around 130 million residents, has remained continuously high in recent years despite substantial action at the national and sub-national levels. In only 2019 alone, over 16 000 deaths were reported. In addition, the Canadian government reports that in 2021 there were 1,768 motor vehicle fatalities in Canada, an increase of 1.3% from 2020 (1,746). 8185 major injuries were reported in 2021, a rise of 4% from 7 868 in 2020. Injuries climbed to 108,018 in 2021, up 3.6% from 104,286 in 2020. These rising number of road accidents and the serious injuries that occur may raise the need for anesthesia equipment for further treatment and monitoring, thus offering growth prospects to the market players operating in the regional market.
The US market dominated the North America Anesthesia Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,988.6 million by 2030. The Canada market is exhibiting a CAGR of 10.9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 9.9% 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 U.S., Mexico, Canada, and Rest of North America.
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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