Anesthesia Machine Market

The growing prevalence of several chronic disorders is driving the market growth.

Market CAGR for anesthesia machines is driven by the rising prevalence of chronic disorders. According to the WHO, cancer is the leading cause of extinction ly and was responsible for an estimated 10 million deaths in 2020. According to Cancer Research UK, an estimated 27.5 million new cancer cases will be registered in 2040, an increase of 61.7% compared to 2018. About 62.6% of the new cancer cases occurred in Asia, Africa, Latin America, and the Caribbean in 2020; 72.6% of  cancer deaths also occurred in 2020. 

The increasing burden of cancer can be attributed to several factors, such as population growth and aging and the changing prevalence of various causes of cancer linked to social and economic development. Based on these statistics, basic and translational cancer research continues to be of utmost importance. This results in the growing demand for surgeries, boosting the anesthesia machine industry's growth.

Additionally, the rising demand for cosmetic procedures is another major factor contributing to the growth of the anesthesia machine market revenue. Due to Hollywood's influence, people are becoming more aesthetic or look-conscious. Consequently, they undergo several plastic surgeries such as liposuction, nose reshaping, lip fillings, eyelid surgeries, jaw surgeries, and many more.

Increasing organic strategies by the market player, such as partnerships, is expected to drive the growth of the  anesthesia device market over the forecast period. For instance, in November 2021, Zimbis, a medication and supply management technology provider, announced a partnership with Southern Anesthesia & Surgical, Inc. (SAS), a U.S. distributor of surgical and anesthesia supplies to dental anesthesiologists, oral surgeons, and periodontists. 

The partnership with SAS helps Zimbis' mission to deliver clients with solutions and workflows that address their specific medication and supply requirements. This announcement accompanies the launch of an order integration with SAS that streamlines the complicated and demanding process oral surgeons and other dental specialists typically need to take to order and restock inventory.

The Global Anesthesia Machine Market Industry is projected to experience robust growth over the next decade. With a market value of 9.65 USD Billion in 2024, it is anticipated to reach 22.6 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 8.03% from 2025 to 2035. The increasing demand for surgical procedures, coupled with advancements in technology and a growing emphasis on patient safety, contributes to this optimistic outlook. As healthcare systems worldwide continue to evolve, the Global Anesthesia Machine Market Industry is likely to expand, reflecting the ongoing need for effective anesthesia solutions.

The Global Anesthesia Machine Market Industry experiences growth driven by the increasing number of surgical procedures worldwide. As healthcare systems expand and improve, the demand for surgical interventions rises, necessitating advanced anesthesia machines. In 2024, the market is valued at 9.65 USD Billion, reflecting the growing reliance on anesthesia technology in operating rooms. This trend is expected to continue, as the World Health Organization indicates that surgical procedures are projected to increase significantly in the coming years. Consequently, the Global Anesthesia Machine Market Industry is poised for substantial growth as healthcare facilities invest in modern anesthesia solutions.

Technological innovations play a pivotal role in shaping the Global Anesthesia Machine Market Industry. The introduction of advanced features such as automated ventilation, integrated monitoring systems, and enhanced safety protocols enhances the efficiency and safety of anesthesia delivery. These innovations not only improve patient outcomes but also streamline workflows for healthcare professionals. As hospitals and surgical centers adopt these cutting-edge technologies, the market is likely to witness a surge in demand. The anticipated growth trajectory suggests that by 2035, the market could reach 22.6 USD Billion, driven by ongoing advancements in anesthesia machine technology.

The aging population globally significantly influences the Global Anesthesia Machine Market Industry. Older adults often require more surgical interventions due to age-related health issues, leading to a higher demand for anesthesia services. As the geriatric demographic expands, healthcare providers must equip themselves with advanced anesthesia machines to cater to this population's unique needs. This trend is particularly evident in developed countries, where the proportion of elderly individuals is rising. The market's growth is expected to align with this demographic shift, contributing to a compound annual growth rate of 8.03% from 2025 to 2035, as healthcare systems adapt to the increasing surgical demands of older patients.

The Global Anesthesia Machine Market Industry is increasingly influenced by the heightened awareness surrounding patient safety and quality of care. Healthcare institutions are prioritizing the implementation of advanced anesthesia machines equipped with safety features to minimize risks associated with anesthesia administration. This focus on patient safety is driving investments in modern equipment, as hospitals seek to enhance their reputation and meet regulatory standards. The growing emphasis on quality care is likely to propel the market forward, as healthcare providers recognize the importance of reliable anesthesia systems in ensuring positive surgical outcomes.

The expansion of healthcare infrastructure in emerging economies significantly impacts the Global Anesthesia Machine Market Industry. As countries invest in healthcare facilities, the demand for modern anesthesia machines rises correspondingly. This trend is particularly pronounced in regions experiencing rapid economic growth, where governments are prioritizing healthcare access and quality. The establishment of new hospitals and surgical centers necessitates the procurement of advanced anesthesia equipment, driving market growth. As these economies continue to develop, the Global Anesthesia Machine Market Industry is expected to flourish, supported by increased healthcare spending and infrastructure development.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American anesthesia machine market will dominate, owing to the rising number of hospitals and increasing healthcare expenditure, the significant growth in patient volume and the demand for healthcare services will boost the market growth in this region. Further, the US anesthesia machine market held the largest market share, and the Canadian anesthesia machine market was the fastest-growing market in the North American region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  ANESTHESIA MACHINE MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, MRFR Database, Primary Research, and Analyst Review

Europe's anesthesia machine market accounts for the second-largest market share to the widespread usage of modern medical care technologies and machines, such as anesthetic machines. Further, the German anesthesia machine market held the largest market share, and the UK anesthesia machine market was the fastest-growing market in the European region.

The Asia-Pacific anesthesia machine market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the presence of a well-established medical device industry in this region. Moreover, China’s anesthesia machine market held the largest market share, and the Indian anesthesia machine market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the anesthesia machine market grow even more. Market participants are also undertaking several strategic activities to expand their  footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the anesthesia machine industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  anesthesia machine industry to benefit clients and increase the market sector. Major players in the anesthesia machine market, including Fisher & Paykel Healthcare Limited., GENERAL ELECTRIC COMPANY, Medtronic, Smiths Medical, Mindray DS USA, Inc., Teleflex Incorporated, and others, are attempting to increase market demand by investing in research and development operations.

GE Healthcare Technologies Inc is a  medical device provider that designs, develops, manufactures and distributes diagnostic imaging and clinical systems; products and services for drug discovery, biopharmaceutical manufacturing, and cellular technologies; imaging agents used during medical scanning procedures; and a range of healthcare IT solutions. 

GE HealthCare also provides performance improvement and performance solutions services, computerized data management, and remote diagnostic and repair services for the company's and others' medical equipment. In April 2022, GE Healthcare received the FDA pre-market approval (PMA) for its End-tidal Control software for known anesthesia delivery on its Aisys CS2 Anesthesia Delivery System.

Fisher & Paykel Healthcare Corporation Ltd designs manufactures, and commercializes products and systems for acute care, respiratory care, and obstructive sleep apnea use. The company offers breathing circuits, chambers, continuous positive airway pressure devices, humidifiers, nasal cannulas, infant resuscitators, infant warmers, interfaces, masks, software and data management, surgical devices and accessories for neonatal care and adult patient care. The company offers its products to hospitals, home healthcare providers, distributors and other medical device manufacturers ly. 

In May 2022, Fisher & Paykel Healthcare Corporation Limited launched two new products developed specifically for anesthesia applications. The company released the Optiflow Switch and Optiflow Trace nasal high-flow interface devices into select markets following several years of R&D.