Anaesthesia machines are used to administrate anaesthesia to patients during medical procedure. These machines are installed in ambulatory surgical centres, hospitals, clinics and other nursing facilities. Anaesthesia machines include various mechanical, computer controlled and electrical components to regulate and control anaesthesia administration. Continuous developments have been observed in designing of anaesthesia machines with a view to enhance operating efficiency, patient safety, outcome and convenience. Market players are focusing on new product development and launching of innovative products with additional features and capabilities.
A resourceful research report on global anaesthesia machines market by Market Insights reflects the value trajectory of the global market for a period of ten years, from 2017 till 2027. The research report includes value analysis on various segments of the market and their respective scenarios across key regions in the globe.
As per this analytical research study, the global market for anaesthesia machines is projected to expand at a CAGR of 5.7% throughout the period of assessment (2017-2027). In 2017, the global anaesthesia machines market was valued at about US$ 1400 Mn and is estimated to reach a valuation of more than US$ 2.4 Bn by the end of the year of assessment (2027).
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Reduction in the cost of anaesthesia machines coupled with innovations and development can improve sales
As compared to international players, regional or domestic market players sell their products at a relatively low price. This aspect makes it imperative for market leaders to gauge the pricing scenario in the respective region in order to gain successful penetration in that regional market. Increasing investments in research and development to develop cost effective and at the same time innovative anaesthesia solutions is expected to provide high growth opportunities for players in this market with respect to sales volume of their products in the local as well as international markets.
Anaesthesia machines to witness increased adoption in hospitals in the coming years
Anaesthesia machines are widely used in several healthcare and nursing facilities such as hospitals, ambulatory surgical centres and clinics. Both small and large size hospitals have included advanced anaesthesia machines to deal with day to day surgical procedures. Several manufacturers are targeting hospitals for sale of their devices owing to increasing use of these machines in various surgical procedures.
Multi functionality hospitals deal with various surgical procedures every day which increases the use of anaesthesia machines. In the end user category, the hospital segment is the most lucrative from sales point of view. This segment led the global market in 2017 and is expected to continue with its dominating streak in the coming years.
This fact is backed up with data presented in this research report, which portrays a high growth potential of this segment by the end of the assessment period. The hospital segment stood at a value a bit under US$ 740 Mn in 2017 and is estimated to reach a valuation high than US$ 1 Bn by the end of the year of assessment. It is projected to expand at the highest rate compared to other end user segments during the forecast period.
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