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(Medical-NewsWire.com, February 08, 2018 ) MarketResearchFuture.com adds “Anaesthesia Delivery Devices Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
The report titled “Anaesthesia Delivery Devices Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Anaesthesia Delivery Devices Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Global anaesthesia delivery devices market is expected to grow at a CAGR of 8.2 % during forecasted period 2017-2023.
Regional Analysis of Anaesthesia Delivery Devices Market:
North America commands the largest market due to large use of the anaesthesia and favourable conditions for research and development. America also spends a large proportion of the GDP on healthcare which is close to 16 % in 2016.
Europe has second largest market which is dominated by Germany and France. Germany has a large medical device companies which stimulates its market. Other nations driving the growth are Poland, Spain and the U.K.
Geographically, Asia Pacific region is expecting a fastest growth for the anaesthesia delivery devices market. Increasing number of surgeries and economic development is expected to trigger the growth of this market in Asia-Pacific region. While Middle East and Africa has the lowest market share for anaesthesia deliver device, there is a very large unmet need in these regions. Middle East is a market to watch for due to its high wealth and the development of large hospital complexes in the region such as the King Fahd hospital, Riyadh. The market is however dependent on petro dollar and the expat population, which is a threat to the stability. The kingdom reduced healthcare spending by 35 per cent in the year 2016 to wean in the downfall of revenues due to falling crude oil prices. Saudi Arabia and many other gulf regions also spend more than 75% of total healthcare expenditure through public budgets. Thus it must be seen as a threat as well as opportunity for the private players. However the low penetration of private healthcare and healthcare insurance in these regions may hamper short term growth. Thus the short term growth prospects for the Middle East region has been scaled back, which is expected to rise to previous levels after 2018. The overall impression, is that the government is undertaking harsh fiscal adjustment due to weak oil price environment demands. However the high and satisfactory foreign reserves of Saudi Arabia which equal over 95% of GDP, and low public debt stock of just 5.8% of GDP in 2015 are enough to say that the cuts will not be too drastic!
Key Players for Global Anaesthesia Delivery Devices Market:
Sedana Medical (Sweden), GE Healthcare (US), MEDTRONIC (Republic of Ireland), Drägerwerk AG & Co. (Germany), Smiths Medical (UK), OSI Systems (US), MAQUET Holding B.V. & Co. KG. (Germany), Teleflex (US), ResMed (US), Getinge Group (Sweden), Fisher and Paykel (New Zealand), Philips Healthcare (Netherland), Covidien plc (UK), Intersurgical Ltd (UK)
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Many top players are developing the anaesthesia information management systems (AIMS), as an effort to move the industry away from paper-based record keeping. This move has been aimed at improving efficiency and to avoid mishaps due to manual record keeping. The development of several government-supported national statistical databases along with advances in information technology is driving this market. The developments in sensor technology along with analytics is driving the market towards adoption of these systems. Collaboration with large hospitals and players is another strategy that must be adopted.
Market Scenario of Anaesthesia Delivery Devices Market:
Anaesthesia delivery devices are the machines or devices used to deliver the anaesthesia to the patients and also monitor the level of anaesthesia in the patient’s body.
The critical factor driving the market for anaesthesia delivery devices is the increasing number of surgeries across the globe. Technological and product development approaches such as development of continuous anaesthesia delivery devices is the other factor driving the growth of the market. Increasing demand for safer devices has resulted in increasing demand for the better monitoring devices which has stimulated the market in favour of advanced devices. The mortality rate for general anaesthesia is 1:10,000 as cited by many studies. Thus advancements in devices is strongly stimulated by safety concerns.
The market is however constrained by a scarcity of anaesthetists especially in many developing countries. The differential availability of anaesthetists between cities and rural areas has exuberated the conditions. Other factors hindering the market is the recent cuts in reimbursement by the government of U.S.
Segmentation of Anaesthesia Delivery Devices Market:
Global anaesthesia delivery devices market has been segmented on the basis of types which comprises of monitoring devices, anaesthesia delivery devices, disposables device and other. Disposables device are further sub segmented into anaesthesia masks and anaesthesia accessories. On the basis of end users which consists of hospitals, clinics, research facilities and others. Anaesthesia delivery devices are leading the market followed by anaesthesia disposables device. However the segment of anaesthesia monitoring devices is expected to grow at the fastest CAGR.
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