Pune, India -- (SBWire) -- 12/26/2017 --Global Anaesthesia Delivery Devices Market is expecting a steady growth due to the factors such as increasing number of surgeries across the world and the increasing prevalence of chronic diseases contributing to emend the number of surgeries. Technological advances and increasing demand for the better delivery and monitoring devices are the major factor for the development of the market. While increasing adverse effects of anaesthesia and high cost of the devices may restrain the growth of the market. Global anaesthesia delivery devices market is expected to grow at a CAGR of 8.2 % during forecasted period 2017-2023.
Anaesthesia delivery devices are the devices used to deliver and monitor the level of anaesthesia in the patient's body. The most commonly used delivery device is the continuous-flow anaesthetic machine due to its high accuracy and continuous supply of the medical gases which is mixed with the anaesthetic vapour to the body. Increasing number of surgeries across the globe is the major factor for the development of the global anaesthesia delivery devices market. Furthermore, the increasing development in the field of the anaesthesia delivery devices and rising demand for the better monitoring devices has provided push for the development of this market. While high cost and decrease in reimbursements provided by governments for medical equipment may hamper the growth of the market.
The market is expected to show large opportunities in the coming future with the advancement of technology in developing countries and new products with increased accuracy. However, some of the challenges which the market is expected to face includes competition from new entrants or big pharmaceutical giants entering the business or market and the continuous advancements in the product. On the other hand, there are some hindering factors which are restricting the market growth such as side effects and complications during inhalation, high prices of devices, and lack of accuracy etc.
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Global Anaesthesia delivery devices Market - Company Analysis
GE Healthcare (US), Philips Healthcare (Netherland), Drägerwerk AG & Co. (Germany), Smiths Medical (UK), MEDTRONIC (Republic of Ireland), OSI Systems (US), Teleflex (US), ResMed (US), Getinge Group (Sweden), Fisher and Paykel (New Zealand), Sedana Medical (Sweden), Covidien plc (UK), Intersurgical Ltd (UK), MAQUET Holding B.V. & Co. KG. (Germany), and others are some of the prominent players at the forefront of competition in the global anaesthesia delivery devices market and are profiled in MRFR Analysis.
Medtronic is a medical devices manufacturing company headquartered in Ireland. BIS which is a brain monitoring machine used to measure the consciousness of brain after administration of anesthesia.
Sedana Medical is a Swedish medical technology company working in the development of the different medical devices. Sedana Medical's product portfolio include the FlurAbsorb Mount, AnaConDa-S, Anaesthetic Conserving Device (AnaConDa), and AnaConDa Syringe are some of the major product of the company. In Feb 2017, AnaConDa is approved by K-FDA in South Korea which is the first country in Asia to approve AnaConDa.
GE Healthcare is a medical device manufacturing company headquartered in US. Aespire, Aisys, Carestation 600 Series, and Avance are some of the most widely used product. GE healthcare held 80 % market share of all anesthesia machines in the United States.
Global Anaesthesia delivery devices Market - Regional Analysis
On regional basis, global anaesthesia delivery devices market is segmented into North America, Europe, Asia Pacific and Middle East and Africa.
North America commands the highest market for the anaesthesia delivery devices. According to the American Society of Anestheologists it was estimated that approximately 30 million of anesthetics being administered every year. Anesthesia is administered by surgeons, anesthesiologists, dentists and other professionals having anesthesia training. Increasing number of surgeries and rising burden of chronic diseases are also responsible for increasing the market in North America.
Europe accounts for the second largest market for sanaesthesia delivery devices. Increasing neurological, orthopaedic, and anesthetic plastic surgeries in Europe is the major reason for the development of the market. The growing demand for the better delivery and monitoring devices for anaesthesia are the major driving factor for the market.
Asia Pacific is the fastest growing region for anaesthesia delivery devices market. Increasing aging population, rapid development in healthcare sector, and increasing orthopedic surgeries in Asia Pacific region has triggered the growth of the anaesthesia delivery devices market. Huge population in this region has attracted many of the manufacturer to develop the market in Asia Pacific region.
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