Anesthesia Workstation Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[220+ Pages Report] According to Facts and Factors, the global anesthesia workstation market size was worth USD 1,749.5 million in 2021 and is estimated to grow to USD 2,552.7 million by 2028, with a compound annual growth rate (CAGR) of around 6.5% during the forecast period. The report analyzes the anesthesia workstation market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the anesthesia workstation market.

Market Overview

An anesthetic workstation is used to administer a hypoxic gas mixture to patients during a medical operation. Patients are given gases like nitrous oxide (N2O), oxygen (O2), and air. Numerous anesthetic monitors are available that can be used to check the system's operation, find problems with the equipment and give details on the patient. Furthermore, the growth of the aging population and patient pool, technological advancements in anesthesia monitoring, and the increasing number of surgeries are the major factors responsible for the growth of the global anesthesia workstation market. However, the high cost of devices and the presence of conventional techniques are major hindering factors.

COVID-19 Impact:

The COVID-19 pandemic has impacted the business of anesthesia workstations. The COVID-19 pandemic spread throughout the world as strict lockdowns are implemented by governments and shut down companies. Thus, the movement of people was restricted during the pandemic. The global anesthesia workstation market will likely be impacted considerably during the forecast period. Besides that, the uncertain use of this anesthesia workstation impacted the market growth during the pandemic period.

Key Insights

• As per the analysis shared by our research analyst, the global anesthesia workstation market value is expected to grow at a CAGR of 6.5% over the forecast period.
• In terms of revenue, the global anesthesia workstation market size was valued at around USD 1,749.5 million in 2021 and is estimated to grow to USD 2,552.7 million by 2028.
• The growth of the aging population and patient pool, technological advancements in anesthesia monitoring, and the increasing number of surgeries are the major factors responsible for the market growth of the anesthesia workstation market.
• By type, the mobile category dominated the market in 2021.
• By application, the hospital category dominated the market in 2021.
• North America dominated the global anesthesia workstation market in 2021.

 Anesthesia Workstation Market: Growth Drivers

• The growing number of surgeries drives the market growth

The global anesthesia workstation market is growing as there is increasing incorporation of anesthesia workstations for various surgeries. One of the major factors contributing to this growth is the increasing burden of surgeries that require the administration of anesthesia to the patient. Anesthesia workstation use has grown with an increase in chronic diseases such as cataracts, muscle repair, dental problems, and gastrointestinal concerns requiring surgery. According to World Surgery Foundation 2021 reports, about 30% of the global disease burden is caused by conditions that can be treated with surgery. Thus, the growing number of surgeries worldwide is expected to drive the anesthesia workstation market growth during the forecast period.

Restraints

• The high-risk involvement may hinder the market growth

The key restraints for the anesthesia workstation market are the risk of contamination, and problems associated with anesthesia systems. Furthermore, the high-cost involved in establishing an anesthesia workstation is also expected to restrain the market expansion during the forecast period.

Opportunities

• The technological advancement in anesthesia workstations by market players presents growth opportunities

Anesthesia workstations are being developed specifically designed for total intravenous (i.v.) administration. In addition, some modern installations use microprocessors to control the gas flow, making it easy to identify gas flows in a darkened theatre and export electronic data to an information system delivery of fresh gas. Such factors contribute to an increase in demand for anesthesia workstations. Therefore, product development innovation helps to increase anesthesia workstation adoption globally.

Challenges

• The high cost of anesthesia workstations is a global challenge

The high installation and maintenance cost of anesthesia workstations is a global challenge as it hinders the adoption of these types of equipment by hospitals and other end users. The requirement of government certifications and permission is also a barrier for market players. It limits the use of these types of equipment in the healthcare industry as new market players face problems making their presence in the global anesthesia workstation market.

Segmentation Analysis

The global anesthesia workstation market is segregated based on type, application, and region.

By type, the market is divided into mobile and fixed. Among these, the mobile segment dominated the market in 2021, accounting for a significant percentage of global sales due to the increasing penetration of smart devices globally.

By application, the market is bifurcated into hospitals, clinics, and others. In 2021, the hospital segment was expected to develop at the fastest rate due to the increasing number of patients who utilizes hospital services.

Recent Developments

• November 2021: Zimbis, a CUBEX LLC company that provides medication and supply management systems, has partnered with Southern Anesthetic & Surgical, Inc. (SAS), a leading U.S. distributor of anesthesia and surgical supplies to oral surgeons, dental anesthesiologists, and periodontists.
• November 2021: NorthStar Anesthesia has announced its acquisition of Epix Anesthesia. This acquisition is effective as of October 1, 2021. This acquisition expands NorthStar's presence in key markets, such as Georgia, Alabama, and Tennessee.

Report Scope

Regional Landscape

• North America dominated the global anesthesia workstation market in 2021

In 2021, North America held the largest share of the global anesthesia workstation market. Factors such as an increase in cases of severe trauma & pain, advances in anesthesia system technology, increased research and business funds for anesthesia station development, and improved product launches are expected to contribute to the growth of the North American anesthesia workstation market. Furthermore, increasing technological advancements in research, such as AI-assisted integration for anesthesiologists, are on the rise and significantly driving the demand for regional anesthesia workstations in the North American region.

Competitive Landscape

• Teleflex Incorporated 
• Draegerwerk AG 
• B. Braun Melsungen AG 
• Medtronic PLC 
• SunMed 
• Koninklijke Philips NV 
• Fisher & Paykel Healthcare 
• Pentax 
• G.E. Healthcare 
• Becton Dickinson and Company 
• Smiths Group plc 
• Ambu S/A 
• Ventlab 
• 3M Company 
• Verathon Inc. 
• Airsep Corporation 
• Karl Storz GmbH & Co. K.G. 
• Koninklijke Philips N.V.

Global anesthesia workstation market is segmented as follows:

By Type

• Mobile
• Fixed

By Application

• Hospitals
• Clinics
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America