How Has the Anesthesia Circuits Market Evolved Historically and What is its Current Size?
The anesthesia circuits market has seen considerable growth due to a variety of factors.
• The market for anesthesia circuits has seen robust growth in the past few years. The market size is projected to escalate from $1.17 billion in 2024 to $1.22 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to this expansion during the historic period include a surge in surgical procedures, higher demand for disposable circuits, broader use of non-rebreathing circuits, a growing emphasis on training and simulated learning, along with an increase in the incidence of asthma.
What Is The Projected Growth Of The Anesthesia Circuits Market?
The anesthesia circuits market is expected to maintain its strong growth trajectory in upcoming years.
• The market for anesthesia circuits is anticipated to experience consistent expansion in the upcoming years, with projections showing a growth to $1.48 billion by 2029 at a 4.8% compound annual growth rate (CAGR).
The anticipated expansion during this prediction period can be ascribed to the growth in healthcare spending, improved knowledge about healthcare, escalating numbers of chronic disease cases, an increasing need for surgical procedures, and a rising demand for personalized healthcare services. Notable trends expected in this forecast period encompass customization and solutions focused on individual patients, advanced features for noise reduction, cooperative partnerships, digital health technology incorporation, and a focus on circuits with minimal dead space.
What Are The Key Drivers Fueling Growth In The Anesthesia Circuits Market?
The growth of the anesthesia circuits market is being catalyzed by the rising number of surgical procedures. These refer to medical processes that necessitate incisions or operations on the body for the diagnosis, treatment, or prevention of diseases, injuries, or other health issues. The growing occurrence of surgical procedures can be attributed to medical technology advancements, an older population, enhanced diagnostic abilities, an increase in chronic diseases, and improved patient outcomes. Anesthesia circuits play a crucial role in ensuring safe, controlled, and effective anesthesia administration during surgical procedures, thereby promoting patient safety, comfort, and overall operational efficiency. As an illustration, a survey by the International Society of Aesthetic Plastic Surgery (ISAPS), a professional organization for certified aesthetic plastic surgeons based in the US, indicated a surge of 11.2% in surgical procedures performed by plastic surgeons in 2022, with over 14.9 million surgical and 18.8 million non-surgical operations worldwide. Hence, the surge in surgical procedures propels the growth of the anesthesia circuits market.
What Are The Principal Market Segments In The Global Anesthesia Circuits Industry?
The anesthesia circuits market covered in this report is segmented –
1) By Type: Semi-Open Circuits, Open Circuits, Closed Circuits
2) By Distribution Channel: Direct Sales, Independent Reps, Distributors
3) By End-User: Ambulatory Surgical Centers, Hospitals, Clinics, Other End-Users
Subsegments:
1) By Semi-Open Circuits: Mapleson A Circuit, Mapleson D Circuit, Mapleson F Circuit, Bain Circuit, Coaxial Semi-Open Circuits
2) By Open Circuits: Jackson-Rees Circuit, Ayre's T-Piece Circuit, Non-Rebreathing Open Circuits
3) By Closed Circuits: Circle Breathing System, Rebreathing Closed Circuits, Low-Flow Closed Circuits, High-Flow Closed Circuits
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Which Emerging Market Trends Are Altering The Anesthesia Circuits Industry?
Key players in the anesthesia circuits market are turning their focus towards the creation of novel solutions, such as anesthesia workstations, as a means to improve patient safety and offer enhanced precision in anesthesia delivery during surgeries. These workstations encompass sophisticated, integrated systems utilised in operating theatres for the administration of anesthetic gases, monitoring patient vitals, and offering ventilation support throughout surgical procedures. For example, in January 2024, Schiller India, a company based in India specialising in medical diagnostics solutions, introduced the A-mac series of anesthesia workstations. It includes models like A-mac S23, A-mac E1, and A-mac E6, aimed at advancing anesthesia delivery, boosting patient safety, and offering high-end features for superior clinical efficiency. These cutting-edge machines come with easy-to-use interfaces, various ventilation options, and safety mechanisms suitable for both adults and children. The A-mac S23 model is equipped with a dual-tube mechanical flowmeter and an 8.4-inch LCD touchscreen, while the A-mac E1 comes with a 10.4-inch TFT LCD and a two-hour battery backup. The top-tier A-mac E6 offers a 12-inch touchscreen, high-end ventilation functionality, and a heated breathing system.
Who Are the Key Players In The Anesthesia Circuits Market?
Major companies operating in the anesthesia circuits market are:
• McKesson Corporation
• Cardinal Health Inc.
• Medtronic plc
• Koninklijke Philips N.V.
• Becton Dickinson and Company
• GE HealthCare Technologies Inc.
• Medline Industries Inc.
• Dräger Medical
• Getinge AB
• Teleflex Incorporated
• Fisher & Paykel Healthcare Corporation Limited
• Ambu A/S
• Midmark Corporation
• Ningbo Boya Medical Equipment Co. Ltd.
• Armstrong Medical Limited
• Penlon Limited
• Pacific Hospital Supply Co. Ltd.
• Flexicare Medical Limited
• Intersurgical Limited
• Heyer Medical AG
• Beijing Aeonmed Co. Ltd.
• Westmed Inc.
What Are The Regional Insights Into The Anesthesia Circuits Market?
North America was the largest region in the anesthesia circuits market in 2024. The regions covered in the anesthesia circuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
