Germany Anesthesia Devices Market Size (2024 - 2029)

Germany Anesthesia Devices Market Analysis

The Germany Anesthesia Devices Market size is estimated at USD 1.04 billion in 2024, and is expected to reach USD 1.48 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).

As a result of the COVID-19 pandemic, surgical procedures have experienced a major decline in Germany. Various elective and non-emergent surgeries have been postponed or canceled. As per a study published by Elsevier Inc. in October 2020, Leipzig and Greifswald University Hospitals, Germany reported that 89 and 92 elective surgeries were postponed, in the Departments of General, Visceral, Thoracic, and Vascular Surgery, respectively. Due to the high risk of in-hospital transmission and disproportionate perioperative rates of morbidity and mortality in COVID-19 patients, surgeons are facing challenges in the triage of surgeries into emergency, urgent and elective. This is anticipated to have a negative short-term impact on market growth. However, it is expected that surgical volumes are anticipated to increase by 2021 due to the backlog of procedures postponed in 2019 and 2020.

Factors such as the rising number of surgical procedures requiring anesthesia, the increasing geriatric population prone to chronic diseases, and technological advancements in anesthesia technology are driving the market over the forecast period. As per the statistics published by Eurostat in 2018, a total of 233,300 cesarean sections were performed in Germany. At the same time, hip replacement surgeries accounted for 311 times per 100,000 inhabitants in Germany in 2018. In addition, the population in Germany is aging rapidly, owing to the reducing birth rates and increasing life expectancy, and it is resulting in a high prevalence of chronic diseases requiring anesthesia. According to the Federal Statistical Office of Germany, in 2019, nearly 18.09 million of the German population was aged 65 years and more. As the population continues to age, the prevalence rates for chronic diseases requiring continuous monitoring are also expected to rise. The geriatric population is highly prone to degenerative diseases and chronic illnesses, which have created a demand for surgeries, which, in turn, propels the growth of the anesthetic devices market.

Germany Anesthesia Devices Industry Segmentation

As per the scope of the report, anesthesia devices are used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist monitor the dose of anesthesia. The German anesthesia devices market is segmented by product type (anesthesia machines and disposables and accessories). The report offers the value (in USD million) for the above segments.