The global anesthesia devices market is estimated to be valued at $14.9 billion in 2022 and is expected to exhibit a compound annual growth rate of 7.6% during the forecast period (2022-2030), according to a report from Coherent Market Insights.
Major players operating in the market are focusing on adopting growth strategies such as product awareness, which is expected to drive the global anesthesia market growth over the forecast period. For example, on Jan. 24, 2022, GE Healthcare demonstrated its products and solutions at the Arab Health 2022 held at the Dubai World Trade Centre.
Increasing product approval from the U.S. FDA is also expected to boost the growth of global anesthesia device market over the forecast period. For instance, on July 27, 2022, Ambu Inc., a medical device company, announced that Ambu aScopeTM 5 Broncho, a family of single-use, sterile bronchoscopes, received 510(k) regulatory clearance from the U.S. FDA.
Industry professionals are also focused on growth strategies, like product launches of key market players of anesthesia devices. This in turn is expected to drive growth of the global anesthesia device market. As another example, on Feb. 16, 2022, Mindray, a global developer, manufacturer, and supplier of medical devices, announced the launch of a new platform that elevates traditional anesthesia in the Perioperative Environment, the A8 and A9 Anesthesia Workstations.
Regarding product types in this space, the Anesthesia machine segment is expected to dominate the market. For example, in December 2021, MDoloris Medical Systems, a global company of objective analgesia/nociception monitoring during anesthesia and in intensive care, and Mindray, a global company in developing and providing advanced medical devices and solutions, announce the CE Mark and upcoming launch of the Mdoloris ANI-MR module, which is developed to help clinicians effectively measure the analgesia nociception level and show on the digital display.
Among regions, North America is expected to hold a dominant position in the global anesthesia devices market over the forecast period, owing to increasing number of growth strategies by key market players in the region.
Key players operating in the global anesthesia devices market include GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, Getinge AB., 3M, General Electric, SunMed, Teleflex Incorporated and Ambu A/S.