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HEALTHCARE & PHARMACEUTICAL

Portable Anesthesia Systems Market Analysis by Application (Medical Specialties, Anesthesiology, Orthopedic Surgery, Pain Medicine, Dental Specialties and Others); by Surgery Type (Open Surgery, and Minimally Invasive Surgeries); and by End User (Hospitals, Surgical Ambulatory Centers, Clinics, and Nursing Facilities) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Milestone Scientific, Inc., has announced that its CompuFlo Epidural Disposables has been successfully evaluated and henceforth it will be sold across three departments within UofL Healt . UofL Health has begun implementing the CompuFlo Epidural System for obstetric anesthesia within its pain clinic teams.
  • General Electric Company has received FDA approval to automate anasthesia delivery to its End-tidal (Et) Controlsoftware that will also reduce greenhouse gas emissions. GE Healthcare is the only manufacturer approved to offer general anesthesia delivery with end-tidal concentration control in the U.S.

Global Portable Anesthesia Systems Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

 ~ USD 11 Billion

Forecast Year Market Size (2033)

~ USD 20 Billion

The global portable anesthesia systems market is estimated to garner a revenue of USD 20 Billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of USD 11 Billion in the year 2022. The growth of the market can be attributed primarily to the growing prevalence of chronic disorders around the world. According to the Centers for Disease Control and Prevention, a total of 51.8% of US adults had at least one chronic condition in 2018, while 27.2% suffered from multiple chronic conditions. The prevalence of the disease is highest among women, those who are older than 65, and residents of rural areas. 

Portable-Anesthesia-Systems-Market-Size

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In medical procedures, anaesthesia machines are used to provide anaesthesia to relieve patient’s pain while surgeries. To administer general anaesthesia, anaesthesia machines use mechanical, electrical, and computer-controlled components. Digital surgical methods have been profoundly modified by portable and electronic systems. Moreover, the increasing disposable income, rise in hospital admissions, along with development of innovative product by key manufacturers are anticipated to enlarge the global portable anesthesia systems market size during the forecast period. For instance, a new collection of anaesthetic machines, Prima 450 and Prima 460, from Penlon Limited, has been launched at one of the world's biggest medical equipment fairs in November 2019.

Global Portable Anesthesia Systems Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Prevalence of Oral Health Conditions Worldwide- According to the World Health Organization, more than 3.5 billion people are estimated to be affected by oral diseases globally.

There are a lot of oral surgeries and procedures performed as a result of the rising prevalence of oral diseases among people. Around 25% of people are anxious about dental procedures and are concerned about pain. Today, dental anesthetics have many options. Depending on the type of surgery and its location, anesthetics can be short-acting if applied directly to a specific area or long-acting if they are applied to larger area. As a result, the growth of the global portable anesthesia systems market is expected to drive during the forecast period.

  • Globally Rising Geriatric Population- The World Bank reported that the total number of people over 60 in 2021 was 747,238,580. Over the next few years, the number is expected to increase.
  • Growing Number Of Surgical Procedures- The number of major surgeries performed worldwide each year is estimated at 300 million, of which 45 million are carried out in the United States and 22 million in Europe.
  • Increasing Healthcare Spending Worldwide- According to the data released by the Centers for Medicare & Medicaid Services, healthcare spending in the US accounted for USD 4.1 trillion in 2020, which represented 19.7% of the country's Gross Domestic Product. 
  • Surge In Exports Of Medical Appliances- A report by the International Trade Center (Trademap) states that the value of medical appliance exports in the United States in the year 2021 was USD 14,677,184 thousands, an increase over USD 13,315,317 thousands from the previous year.

Challenges

  • High Cost Associated With The Product
  • Costly Maintenance And Installation 
  • Increasing Risk Of Bacterial Infections

The global portable anesthesia systems market is segmented and analyzed for demand and supply by end user into hospitals, surgical ambulatory centers, clinics, and nursing facilities. Among these segments, the hospital segment is anticipated to capture the largest market size in the global portable anesthesia systems market owing to the increasing number of surgery procedures in hospitals around the world. For instance, approximately 4000 surgeries were performed per year for an estimated 88,000 people in India. The most common surgeries were cataract (22%), Caesarean section (4%), fracture (3%), and hernia (2%) surgeries. In addition, hospitals require large numbers of anesthesia machines for day-to-day surgical procedures, which is expected to augment segment growth during the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Portable Anesthesia Systems Market Regional Synopsis

Regionally, the global portable anesthesia systems market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. Increasing surgical procedures, a rise in cardiovascular diseases, and the incidence of cancer in the region are expected to drive the portable anesthesia systems market in the region during the forecast period. According to the Centers for Disease Control and Prevention, in 2019, there were 1,752,735 new cancer cases reported in the United States, and there were 599,589 cancer deaths. Moreover, the growing use of robots by medical institutions for surgical procedures, the presence of key players, technologically advanced healthcare infrastructure, and appropriate reimbursement policies are further expected to drive the regional market during the forecast period.

Portable-Anesthesia-Systems-Market

The global portable anesthesia systems market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global portable anesthesia systems market includes the following segments:

By Application

  • Medical Specialties
  • Anesthesiology
  • Orthopedic Surgery
  • Pain Medicine
  • Dental Specialties
  • Others

By Surgery Type

  • Open Surgery
  • Minimally Invasive Surgeries

By End User

  • Hospitals
  • Surgical Ambulatory Centers
  • Clinics
  • Nursing Facilities

Top Featured Companies Dominating the Global Portable Anesthesia Systems Market

  • Avante Medical Surgical
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Penlon Limited
  • Drägerwerk AG & Co. KGaA
  • Midmark Corporation
  • Shenzhen Comen Medical Instruments Co. Ltd.
  • Heyer Medical AG Dameca A/S
  • Infinium Medical Inc.
  • Koninklijke Philips N.V
  • General Electric Company
  • Milestone Scientific, Inc.

 

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