This market research study presents a detailed segmentation of the global anesthesia disposables market by product (breathing circuit, face mask, resuscitator, LMA, and ETT) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Ambu, BD, Teleflex, and Smiths Medical.
Technavio’s market research analysts estimate the global anesthesia disposables market to grow at a CAGR of 4% between 2016 and 2020. Rise in surgical procedures, which require the use of anesthesia, are driving the demand for anesthesia disposables. The market is expected to witness huge revenue boost in the coming years owing to the high sales of face masks, LMA, and breathing circuits. The Americas are the key revenue-contributing region in the global anesthesia disposables market, and is expected to occupy 50% of the total market share by 2020. Much of this region’s growth comes from the extensive use of disposable masks during maxillofacial and cardiac surgeries.
The new market research report from Technavio provides a breakdown and analysis of the anesthesia disposables segments by technology.
“In recent years, the market is witnessing more customers opting for anesthesia disposables especially in the developed nations. This shift is the result of the growing concerns among hospitals about cross-contamination that can happen if reusable products are used. Since disposable masks involve low maintenance costs, help to eliminate the need for product sterilization, and reduce the probability of cross contamination in hospital settings, their demand among the end users will rise rapidly over the next few years,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The laryngeal mask airway (LMA) segment currently dominates the global anesthesia disposables market and is expected to grow at a CAGR of just over 7% by the end of the forecast period. This growth can be attributed to the use of supraglottic airways during general anesthesia procedures. Also, factors such as the vendor’s focus on the development of top quality masks to enhance patient comfort during surgery will also help in the growth of this market segment during the forecast period.
Global LMA market 2015-2020 ($ millions)
Source: Technavio, 2016
The key vendors in the global anesthesia disposables market are Ambu, BD, Teleflex, and Smiths Medical. This market is very competitive and fragmented owing to the presence of numerous large and small vendors that offer a broad range of disposable anesthetic devices and accessories. Vendors in developed countries focus mainly on innovation as it helps them to expand their product lines. Mergers have helped leading vendors expand their product portfolio and increase market share on a global scale.
A more detailed analysis is available in the Technavio report, Global Anesthesia Disposables Market 2016-2020.
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