The Global Market for Anesthesia Disposables is Forecast to Reach US$350 Million by 2020

Aging Population, High Incidence of Chronic Diseases & Surgical Volume Growth Drive the Anesthesia Disposables Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Anesthesia Disposables market. The global market for Anesthesia Disposables is forecast to reach US$350 million by 2020, driven by aging population, rising incidence of chronic diseases such as cardiovascular diseases and cancer, increasing number of surgeries, and growing concerns over cross-contamination.

The global general anesthesia disposables market is highly mature, with low single-digit growth forecast through 2020. The growth in the market is sustained by increasing number of surgical procedures and increasing concerns over infection control and cross contamination. Aging population worldwide and the rising incidence of chronic diseases such as cardiovascular diseases and cancer constitute the other key market drivers. Rising volume of surgeries performed on the elderly is expected to boost demand for anesthesia disposables. Demand for anesthesia disposables is also driven by increasing healthcare expenditure and medical tourism in developing countries. Although the number of general anesthesia procedures is on the rise, the growing popularity of minimally invasive technologies that require regional and local anesthesia is likely to act as a major growth deterrent. Reduced volume of elective surgical procedures, against a backdrop of shrinking health insurance coverage and rising premiums, will impact market growth in the coming years.

As stated by the new market research report on Anesthesia Disposables, the United States and Europe are leading markets worldwide. Future growth is expected to come largely from emerging countries of Asia-Pacific, Latin America, and the Middle East. Asia-Pacific ranks as the fastest growing market with a CAGR of 1.6% over the analysis period. Anesthesia breathing circuits represents the largest market segment. The market for endotracheal tubes is projected to shrink under the growing demand for Laryngeal Mask Airways (LMA), which provide several advantages over endotracheal tubes. Some of the key benefits include lesser airway problems, lesser amount of anesthetic agent and easier placing compared to endotracheal tubes.

Laryngeal Mask Airways (LMAs) are available in both reusable and single-use designs. Reusable LMAs can be autoclaved and reused to maximum of 40 times. Moreover, they offer fewer side effects such as postoperative sore throat and hemodynamic changes. Diseases affecting the heart and blood vessels such as Coronary Heart Disease (CHD), defective heart valves, and congenital abnormalities of heart, represent major health problems worldwide. Millions of cardiac surgeries, including total open-heart procedures, bypass or cardiac revascularization, valve replacements, and heart transplants, are performed every year across the world to treat heart diseases. As heart surgeries exert considerable strain on the cardiovascular system, specific anaesthetic techniques and medications are used, and special medications are often administered to keep the heart pumping and blood flowing smoothly. The increased risk involved in cardiac surgeries when compared to non-cardiac surgeries entails the specialized and advanced monitoring of formulations and techniques for administering anesthesia.

Key players covered in the report include Ambu A/S, Armstrong Medical Ltd., CareFusion Corp., Draegerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Ltd., Hamilton Medical AG, Intersurgical Ltd., Medline Industries Inc., Medtronic Inc., Mercury Medical, Smiths Medical Inc., and Teleflex Inc., among others.

The research report titled “Anesthesia Disposables: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), the Middle East and Africa, and Latin America (Brazil and Rest of Latin America). Key segments analyzed include Anesthesia Breathing Circuits, Endotracheal Tubes, and Anesthesia Gas Masks.

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