Aging Population, Growing Burden of Chronic Diseases & Increasing Number of Surgeries Performed Drive the Global Anesthesia Disposables Market
The global market for Anesthesia Disposables is
projected to reach US$843 million by 2024, driven by the increasing incidence of chronic diseases such as cardiovascular,
orthopedic, neurological diseases, and cancer; growing number of surgeries;
increasing demand from developing regions; and rising popularity of Laryngeal
Mask Airways.
Global
anesthesia disposables market is driven by the increasing number of surgical
procedures, growing aging population globally, and increasing incidence of
chronic diseases, such as cardiovascular diseases, orthopedic diseases,
neurological diseases, and cancer etc. Growing popularity of minimally invasive
technologies that is generally conducted under general anesthesia is also
likely to act as a major growth propeller for the anesthesia disposables
market. Anesthesia breathing circuits
represent the largest segment among anesthesia disposables. The global market
for laryngeal mask airways (LMAs) is forecast to increase at the fastest growth rate,
driven by advantages such as lesser airway problems, lesser amount of
anesthetic agent, and easier placing compared to endotracheal tubes. As such,
ETTs are witnessing growing competition from alternative airway management
devices, such as laryngeal mask airways (LMAs), and is witnessing considerable slowdown
in growth in recent years. As disposable or single-use anesthesia LMAs minimizes
the risk of infection, has a shorter sterilization process and are economical,
the masks are increasingly preferred over traditional reusable masks propelling
the growth of the anesthesia laryngeal masks market. Another important trend
driving the LMA market is the increased demand for the device in the pediatric
segment due to the varied sizes offered for different age groups,
As stated by the new
market research report on Anesthesia Disposables, the United States represents the largest market
worldwide, driven by the aging baby boomer population and rising number of
surgeries. Asia-Pacific is forecast to emerge as the fastest growing market with
a CAGR of 6.0% during the analysis period, driven by growing aging population; developing
healthcare infrastructure; expanding middle class population; and growing medical
tourism.
Major players in the market
include Ambu A/S, Armstrong Medical Ltd., Draegerwerk AG & Co. KGaA,
Hamilton Medical AG, Intersurgical Ltd., Medline Industries, Inc., Medtronic Plc.,
Mercury Medical, Smiths Medical, Inc., Teleflex Inc., and Vyaire Medical Inc., among
others.
The research report titled “Anesthesia Disposables: - Market Analysis, Trends, and Forecasts”
announced by Global
Industry Analysts Inc., provides a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for Anesthesia Disposables in US$ terms for all major geographic
markets such as United States, Canada, Japan, Europe (France, Germany, Italy,
UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific), Middle East & Africa and Latin America. Product segments
analyzed include Anesthesia Breathing Circuits, Endotracheal Tubes, Anesthesia
Gas Masks and Laryngeal Mask Airways.
Global Industry Analysts,
Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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