Market Trends of Anesthesia Gas Blenders Industry
This section covers the major market trends shaping the Anesthesia Gas Blenders Market according to our research experts:
Hospitals is Expected to Dominate the Anesthesia Gas Blender Market During the Forecast Period
Hospitals are found contributing to the major share of the market due to the increasing prevalence of chronic conditions and an increase in the number of surgeries performed every year. Also, there is also an increase in the number of knees and hip replacements and heart, brain, lung, orthopaedic, and gastrointestinal surgeries. As inhalable anaesthetics have low blood solubility and can be eliminated through the lungs, there is a rising preference for inhalable anesthesia over intravenous anesthesia among medical practitioners. Also, there is a rising number of cossmetic procedures across the globe which is expected to boost the demand of the market over the forecast period.
Therefore along with the rising number of surgeries, the use of inhalable anesthesia and anesthesia devices such as anesthesia gas blenders will also increase.
North America is Found Leading the Anesthesia Gas Blenders Market
North America has been accounted for the largest anesthesia gas blenders market share throughout the forecast period. The major factors contributing to the increase in the market includes the rising focus on delivering accurate and safe anesthesia, the increasing public and private healthcare expenditure, and the growing prevalence of chronic diseases that will contribute to the growth of the anesthesia gas blender market in North America.
Europe is the second leading market after North America followed by Asia Pacific. Asia Pacific is expected to show high CAGR throughout the forecasted period due to the growing medical tourism, increasing number of surgeries and various technological advancements.
