Transparency Market
Research makes an observation on the anesthesia gas blender market
and notes an existence of competitive landscape in the world market
for anesthesia gas blender. The said market is quite fragmented, as
noted by Transparency Market Research. The market faces intense
competition owing to the existence of many small vendors in the
international market for anesthesia gas blender and those small
market vendors are, as estimated by the report, eating into the
profit margins of the large players.
As such, prominent
players that are operating in the market such as Dickinson and
Company, Armstrong Medical, Farstar (Wuxi) Medical Equipment, Becton,
HEYER Medical AG, and EKU Electronics are anticipated to emphasize on
acquisitions and mergers in a bid to expand the regional foothold and
businesses in the emerging parts of the globe.
In accordance with
the market intelligence study, the world market for anesthesia gas
blender is expected to be worth around US$ 663.3 mn in the year 2025
from an earlier market valuation of US$ 400.3 mn in the year 2016.
The overall market is prophesized to rise at a growth rate of 5.8%
CAGR over the period of forecast that extends from the year 2017 to
2025. Taking technological point of view in consideration, the
segment of dual tube flow meter is forecasted to spearhead the said
world market.
Taking geographical
segmentations into consideration, the global market for anesthesia
gas blender has been classified into North America, Latin America,
Europe, Middle East & Africa, and Asia Pacific. The region of
North America held the most of the market share for world anesthesia
gas blender market in the year 2016 owing to the increase in the
demand arising out of hospitals and ambulatory surgical centers.
However, new tax reforms and change in legislations might lead to a
sudden increase in the prices of medical gadgets, as such the region
is forecasted to experience a decline in share of the market by the
year 2025. The continent of Europe is estimated to be the second
leading one following North America and is forecasted to experience a
healthy growth over the period of forecast.
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Asia Pacific is
prophesized to rise rapidly with a very high rate of growth over the
timeframe of forecast owing to soaring number of surgeries that take
place every year, technological progress, growth in the industry of
medical tourism, and increase in awareness about anesthesia. The
region of Middle East and Africa is also forecasted to expand with a
high rate of growth owing to increasing awareness about anesthesia
care amongst professionals and patients. Apart from that there has
been a rise in the number of well-equipped multispecialty surgical
centers and hospitals.
There are many
factors that are driving the growth of this market. In the field of
various surgical procedures and medical devices, anesthesia gas
blenders are of utmost importance. Furthermore, the constant increase
in rate of mortality owing to the incorrect delivery of anesthesia
has surged the need for anesthesia gas blenders in the recent years.
These blenders are also of extreme importance during the delivery of
anesthesia to neonates and newborns, wherein accuracy and precision
determine everything. As such, the requirement for anesthesia gas
blenders to deliver controlled and accurate anesthesia to the
patients during various surgical procedures has further bolstered the
growth of the world market. In addition to that, the increased
expenses related to the healthcare industry in emerging economies
together with burgeoning medical tourism have further encouraged the
growth of the market in the last few years.
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