According to the recently released report by Bekryl, Global Anaesthesia Workstation Market is estimated to be valued at US$ 1,044.8 Million in 2022 and is expected to register 5.5% CAGR during the forecast period. The global demand for Anaesthesia ventilators is driven by increasing cases of chronic illness, rise in number of surgical procedures, and increasing per capita income in emerging economies.
In 2021, North America dominated the global share with 37.1% market share. This is followed by Western Europe and Asia Pacific. Developed region collectively accounted for 72% of global sales. Per hospital penetration rate of anaesthesia workstation is over 5.8X lower in developing region than that in developed regions. Market is highly mature in developed economies, leading to higher product replacement sales than that in developing regions.
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Few key trends from Global Anaesthesia Workstation market:
Trend#1: Focus on Technological Innovation
Manufacturers are continuously focusing on technological advances in their machines which focus both on patient safety and efficiency. Currently, machines are moving towards a compact and ergonomic design for ease of use and surfaces that are easier to keep clean to reduce nosocomial infections. These machines have integrated cutting-edge monitoring solutions that is not only versatile but customizable in order to increase diagnostic confidence. Certain manufacturers are introducing new machine that has ICU quality ventilation across all patient categories and low flow and minimal flow anesthesia modes in order to improve anesthetic delivery and reduce financial impact. In addition, certain machines use the latest vent technology such as turbo vent ventilation with airway pressure release ventilation (APRV), and volume auto flow which provides protective ventilation therapy in the OR for all patient categories.
Trend#2: GE Healthcare Inc and Draeger Safety AG to Dominate the Global Revenue Share
GE Healthcare and Draeger Safety AG collectively accounted for a major chunk of revenue share in 2021. Both of these companies emphasize on research and development along with set-up of new offices to ensure long term market sustenance.
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Overall, global anaesthesia workstation market is promising with industry expected to witness newer product launch nd geographical expansion. Degree of competition will increase with major players expected to focus on inorganic growth strategy during the forecast period. Some of the key companies covered in the report are:
Draeger Safety AG & Co
Shenzhen Mindray Bio-Medical Electronics Co., Ltd
OSI Systems, Inc.
Koninklijke Philips NV
Heinen + Lowenstein GmbH & Co KG
Skanray Technologies Pvt Ltd
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