In a recently published report, Anesthesia Machinery Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anesthesia Machinery Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Anesthesia Machinery Market was valued at USD 2.2 Billion in 2019 and expected to grow with a CAGR 6.3% over the forecasting period 2020-2027. Anesthesia machines used to give anesthesia to the patient which relief them from pain while medical procedure. Anesthesia machines provide O2 and N2O gases to the patient and manage continuity of equipment. The equipment is used for inhalation of anesthesia with the help of inhalation devices as vaporizer and flow meter Rise in number of surgical procedures with technological advancements in anesthesia monitoring and portability and miniaturization are the drivers which lead the market in forecasting years. For Instance, as per NCBI, the modern integrated anesthesia workstation has advance technology and software which provide extensive capabilities for ventilation, able to deliver variable flow, scaverning systems to capture waste gases, manage oxygen flush systems and minimum low flow rate. Despite that, high cost of installation and maintenance and regulatory compliances are restraining the market growth over the forecasting period 2020-2027.
The regional analysis of the Anesthesia Machinery Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, North America is Dominating the market because of Increasing number of surgeries and public expenditure on healthcare infrastructure and advancement in research and development. However, APAC is witnessed of highest market growth in anesthesia machinery market due to increasing patient rate and government investment in healthcare sector.
Key Players in Global Anesthesia Machinery Market
Cardinal Health Inc.
Drägerwerk Ag & Co. KgaA
Fisher & Paykel Healthcare Limited
General Electric Company (Ge Healthcare)
Heyer Medical Ag
Koninklijke Philips N.V.
Mindray Ds Usa Inc
Smiths Group Plc.
Vyaire Medical Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Continuous anesthesia machinery
Intermittent anesthesia machinery
Nervous system surgeries
Respiratory system surgeries
Musculoskeletal system surgeries
Cardiovascular system surgeries
Digestive system surgeries
By End Users:
Point of care
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Rest of LA
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of Global Anesthesia Machinery Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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