Market Trends of United States Anesthesia Devices Industry
This section covers the major market trends shaping the US Anesthesia Devices Market according to our research experts:
Anesthesia Work Station to Witness Steady Growth Over the Forecast Period
Anesthesia workstations are user-friendly and customizable. They are being offered features, including storage, writing surface, lighting, valves, and gauges at a reach, along with main functionalities. They consist of a ventilator, carrier gas, an agent delivery system, a scavenging system, and monitors. The ability of these devices to optimize anesthesia workflow and reduce process costs with integrated features is boosting anesthesia workstations' popularity among medical professionals.
Currently, anesthesia workstations are designed to provide anesthesia gas delivery and monitoring capabilities, combined with advanced ventilation features, such as information management, writing desks, and drawers, to form an integrated anesthesia care station. In addition, the lesser human interaction and provision of assistance at many levels, by reducing the time and effort of a practitioner, are found to be the other factors associated with the increasing demand for workstations. The growth of this market in the United States is also attributed to the equipment's capability to integrate with various devices, as well as the display of anesthesia, ventilation, and hemodynamic data on a single screen, for streamlined decision-making.
Moreover, according to the CDC article released in July 2022, 12.1 million Americans are expected to have atrial fibrillation (AFib) by the year 2030. AFib raises a person's chance of having a stroke. AFib was linked to an approximately five-fold increased risk of ischemic stroke after typical stroke risk variables were taken into consideration. About 1 in 7 strokes are brought on by AFib. In the United States, AFib is the predominant diagnosis in more than 454,000 hospital admissions annually. Thus, the increasing prevalence of AFib is expected to increase segment growth as the patients require anesthesia.
Additionally, the increasing geriatric population who are prone to diseases and in need of surgeries is expected to drive the demand for anesthesia devices during the forecast period. Thus, the integration of various devices into one machine will reduce maintenance time and increase efficiency, thus, expanding the market.
Significant Patient Pool with Chronic Diseases is Expected to Propel the Market growth.
Several chronic diseases like cancer, COPD, diabetes, and other diseases require surgical procedures which use anesthesia devices to deliver inhalational anesthesia.
According to the American Cancer Society Cancer Statistics 2022, 1,918,030 new cancer cases are predicted to occur in the United States in 2022. Out of the total cancer cases, breast cancer is estimated for 290,560 new cases, leukemia with 60,650 new cases, and lymphoma with 89,010 new cases in the United States in 2022. The treatment of cancers requires surgeries that utilize anesthesia devices, thereby propelling the anesthesia devices market in the country.
Also, as per the IDF 10th edition 2021 report, the United States of America ranked in the fourth position among the top 10 countries/ territories with the maximum number of diabetes in 2021. The report mentioned that 32.2 million people aged 20-79 years in the United States had diabetes in 2021 and the number is expected to reach 36.3 by 2045. As per the same report, the highest diabetes-related health expenditure is observed in the United States of America, with USD 379.5 billion in 2021. The high burden of chronic diseases is estimated to propel the demand for more innovative anesthesia devices for a smooth treatment procedure, driving the anesthesia devices market in the country during the forecast period.
