Market Trends of United Kingdom Anesthesia Devices Industry
This section covers the major market trends shaping the UK Anesthesia Devices Market according to our research experts:
Anesthesia Monitors Sub-segment Expected to Register a High CAGR in the Forecast Period
Anesthesia monitors are used to record and display the delivery of anesthetic substances, like gases, drugs, and fluids, to the patient. During surgeries, these are used to check the patient's health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis aids, allows clinicians to get better insights into their patients.
In May 2021, the Association of Anaesthetists updated its guidelines for minimum standards for patient monitoring during anesthesia. The new guidelines emphasize the use of anesthesia monitors along with the monitoring of ECG, SpO2, NIBP, and capnography in the country. Such developments are expected to propel market segment growth over the coming years. Moreover, as per the British Association of Aesthetic Plastic Surgeons (BAAPS) report released in February 2021, approximately 15,000 cosmetic surgeries were carried out in the United Kingdom in 2021. Also, as per the source above, breast augmentation was the most popular cosmetic surgery among women in the country in 2020, with over 4.6 thousand treatments, followed by breast reduction with over 3.1 thousand procedures. In addition, with 413 operations performed in 2020, rhinoplasty was the most popular surgery among men in the same year. This is poised to drive the demand for anesthesia devices in the country, bolstering the market's growth.
Furthermore, the National Health Service (NHS) Key Statistics: England published in February 2022 reported that accidents and emergency (A&E) attendance had increased in England. As of January 2022, an average of 42,000 people went to major hospitals' A&E departments in England every day, and there were an average of 12,256 emergency admissions to hospitals via A&E each day. This increasing number of injuries and admissions in emergency settings for surgeries is expected to boost the growth of the studied market in the United Kingdom.
Similarly, initiatives by market players are another factor driving the market's growth. For instance, in January 2020, a ground-breaking regional anesthesia device, SAFIRA, developed by medical device company Medovate in collaboration with clinicians from the UK's National Health Service (NHS), was demonstrated live at Arab Health 2022. Thus, the abovementioned factors are expected to increase the market's growth.
Anesthesia Workstations Expected to Witness Healthy Growth in the Coming Years
The traditional anesthesia machine has developed into a sophisticated care station throughout time. The new devices offer broad capabilities for breathing, monitoring, inhaled agent delivery, low-flow anesthesia, and closed-loop anesthesia by utilizing cutting-edge electronics, software, and technology.
With the growing number of surgeries in the United Kingdom, the demand for anesthesia workstations is increasing. For instance, as per the survey results published in BioMed Central Journal in June 2022, it was observed that in England, 4.34 million elective surgeries were required as of March 2022; and 3.30 million (76.0%) of these patients were on a confidential waiting list. General surgery (1.52 million), orthopedics (0.97 million), and ophthalmology were the specialties with the most demand. Hence, with such a high number of surgical procedure requirements in England, there is expected to be a growth in demand for anesthesia workstations, fueling the segment growth.
Additionally, according to a study from the British Journal of Anaesthesia published in December 2021, in England and Wales, the total number of surgeries performed in 2021 was around 3.10 million, and about 1.56 million procedures were canceled. However, the number of surgical procedures performed reduced in 2020 due to the COVID-19 pandemic, and the backlog of these procedures is expected to boost the market over the forecast period.
