Global anesthesia machine market to grow 4 percent

The global anesthesia machines market to grow at a CAGR of 4 percent over the next 4 years, projects Business Wire. The new generation of anesthesia machines offers integrated monitoring and recording facilities and seamless integration with a hospital information system (HIS). Thus, there is an increase in demand for anesthesia machines that will integrated with HIS. Hence, several vendors are increasingly focusing their research and development on integrating their anesthesia machines with HIS documentation. The rising prevalence of diseases increases the number of surgical procedures that require general anesthesia. This is leading to an increase in demand for anesthesia machines, thereby fueling the market growth. The global anesthesia machines market is witnessing several technological advances. The latest technological developments focus on patient safety, improving the precision and effectiveness of anesthesia delivery and minimizing the wastage of anesthesia gas. Thus, technology advances will fuel the growth of the market in coming years. Americas held the largest share of the market in 2018, accounting for 48 percent share, followed by EMEA and APAC respectively. Although the APAC region held the smallest share of the market in 2018, it is expected to witness the highest incremental growth. The market restraints of the anaesthetic market are the high cost of installation and maintenance, scarcity of anesthesiologists, the risk of infection, complications such as pain, and deaths due to overdose and others.

Europe market is dominated by Germany, France, and the UK.  Poland, Spain, and Italy also have a sizable market share of the European market. The Latin America market is characterized by poor domestic capacity and capability of production. China is expected to increase its share of the medical devices imports from Brazil.