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The anesthesia gas blenders market will show rapid growth due to the increase in the number of outpatient surgeries, rising preference for inhaled anesthesia and an increase in the number of well equipped multispeciality hospitals and surgical centers.
With the increase in the number of chronic diseases, there is an increase in the outpatient surgeries and volumes that will likely grow up to 15 percent across the U.S. As the government and payers scrutinize costs and push the shift to value-based care, outpatient surgery is expected to see an increase.
As the surgeries are increasing the medical devices are extensively used in the surgical process. Therefore, in general, the need for anesthesia gas blenders to administer calculated and exact amounts of anesthesia to a person undergoing a certain surgical procedure has fueled the market growth of the anesthesia gas blenders market. Therefore an increase in the number of outpatient surgeries has helped in driving the demand for the anesthesia gas blender market.
Scope of the Report
As per the scope of the report, anesthesia gas blender is found to be the main component of the anesthesia delivery machine. It is a medical device that mixes two or more gases and provides constant and controlled anesthesia during surgery. It contains gases, for example, air/oxygen and are blended with nitrous oxide and other anesthesia gases in a specific amount to the patient experiencing delayed surgery.
Key Market Trends
Hospitals are Expected to Dominate the Anesthesia Gas Blender Market During the Forecast Period
Hospitals are found contributing to the major share of the market due to the increasing prevalence of chronic conditions and an increase in the number of surgeries performed every year. Also, there is also an increase in the number of knees and hip replacements and heart, brain, lung, orthopedic, and gastrointestinal surgeries. As inhalable anesthetics have low blood solubility and can be eliminated through the lungs, there is a rising preference for inhalable anesthesia over intravenous anesthesia among medical practitioners. Also, there is a rising number of cosmetic procedures across the globe which is expected to boost the demand of the market over the forecast period.
Therefore along with the rising number of surgeries, the use of inhalable anesthesia and anesthesia devices such as anesthesia gas blenders will also increase.
North America is Found Leading the Anesthesia Gas Blenders Market
North America has been accounted for the largest anesthesia gas blenders market share throughout the forecast period. The major factors contributing to the increase in the market include the rising focus on delivering accurate and safe anesthesia, the increasing public and private healthcare expenditure, and the growing prevalence of chronic diseases that will contribute to the growth of the anesthesia gas blender market in North America.
Europe is the second leading market after North America followed by the Asia Pacific. Asia Pacific is expected to show a high CAGR throughout the forecasted period due to the growing medical tourism, increasing number of surgeries and various technological advancements.
There has been a presence of a considerable number of companies that are significantly contributing to the market growth. Product innovation and ongoing R&D activities to develop advanced technologies have helped in boosting the growth of the market. Various strategies and collaborations are being adopted by these key players to maintain their market share.
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