The anesthesia workstation machine market is thriving with the rising surgical procedures and the growing geriatric population, which are widely affected by chronic diseases. Therefore, the healthcare facilities are preferring aesthetic workstation machines that rapidly mild inhalation sedation with nitrous oxide as well as oxygen to keep patients in a conscious state. This factor allows for the simultaneous evaluation of disease progression among patients and enabling medical professionals to cure chronic diseases precisely. This has further facilitated to rise of the demand for anesthesia workstation machines in healthcare settings for the better management of diseases. According to the U.S-based Population Reference Bureau Organization, it has estimated that the number of Americans aged 65 years and older was nearly 46 million in 2016 and is likely to grow to almost 98 million by 2060.
With these increased geriatric population bases in developed markets coupled with developing economies, these machines are broadly applied in various healthcare and nursing facilities, including hospitals, clinics, and ambulatory surgical centers. Besides, small and large size hospitals have installed advanced anesthesia machines to deal with routine surgical procedures. Therefore, several manufacturers are targeting hospitals for the sale of their machines on account of their increasing adoption in various surgical procedures. Multifunctionality hospitals often deal with routine surgical procedures using anesthesia machines. This has also influenced the adoption of these machines to ensure an uninterrupted supply of anesthetic gases to the patient. This has brought manufacturers in the anesthesia workstation machine market to focus on the development of advanced anesthesia machines that can integrate with patient monitoring devices and ventilators, which, in turn, fostering the growth of the market during the forecast period.
Moreover, anesthesia evaluation is often a critical aspect in the treatment of chronic diseases to assess the risk of disease events and initiate interventions that may cause mortality and morbidity of patients. This has often insisted the healthcare settings advance the anesthesia workstation machine that would assist the healthcare providers to better streamline the surgical procedure and support proper administration of anesthetic drugs to patients. Following these promising developments, the Global Anesthesia Workstation Machine Market is estimated to observe healthy growth, pegged at a CAGR of around 24.7% throughout the forecast period 2021-2027.
Moreover, the anesthesia workstation machine has remarkable applications across a range of chronic diseases, such as diabetes, cancer, and cholesterol. According to the World Health Organization (WHO), in 2018, cancer is the second-leading cause of morbidity and mortality globally and responsible for around 70% of deaths in low- and middle-income countries. The WHO estimated that 18.1 million new cancer cases and 9.6 million cancer deaths were reported globally in 2018. When patients (both old-aged and/or adults) are affected with such chronic diseases, they need anesthesia to prevent a temporary loss of sensation that covers loss of unconsciousness or pain. This has led to the significant demand for anesthesia machines, including anesthesia workstation machines, as they are intended to deliver a constant supply of medical gases to the patients.
Segmentation Overview of the Global Anesthesia Workstation Machine Market
The anesthesia workstation machine market is segmented into product type and end user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Type Outlook (Portable Anesthesia Workstation Machine, Standalone Anesthesia Workstation Machine)
By End User Outlook (Hospitals, Clinics, Ambulatory Surgical Centers)
Key Players Insights
A.M. Bickford, Inc., GE Healthcare, Spacelabs Healthcare, Dragerwerk, Aeonmed, Heyer Medical, Oricare, Supera Anesthesia Innovations, EVEREST Veterinary Technology, Dameca A/S, Mindray, among others, are some key market players included in the research study of the global anesthesia workstation machine market.
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