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. 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.
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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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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.
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