Anesthesia Disposables Global Market Opportunities and Strategies to 2033

This report describes and explains the anesthesia disposables market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global anesthesia disposables market reached a value of nearly $1.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 4.48% since 2018. The market is expected to grow from $1.06 billion in 2023 to $1.47 billion in 2028 at a rate of 6.70%. The market is then expected to grow at a CAGR of 7.19% from 2028 and reach $2.09 billion in 2033.

Growth in the historic period resulted from growing demand for minimally invasive and effective procedures, strong economic growth in emerging markets, surge in demand for cosmetic and plastic surgeries and increased trend towards ambulatory surgical centers. Factors that negatively affected growth in the historic period were concerns regarding overdose of anesthesia causing sudden death and insufficient training and education among healthcare professionals.

Going forward, increasing aging population worldwide, rising healthcare expenditure globally, growing incidence of chronic diseases and expansions in hospital and new healthcare facilities will drive the growth. Factor that could hinder the growth of the anesthesia disposables market in the future include lack of skilled anesthesiologists.

The anesthesia disposables market is segmented by product into anesthesia breathing circuits, endotracheal tubes, anesthesia gas masks, laryngeal mask airway and other products. The laryngeal mask airway market was the largest segment of the anesthesia disposables market segmented by product, accounting for 33.90% or $362.43 million of the total in 2023. Going forward, the laryngeal mask airway segment is expected to be the fastest growing segment in the anesthesia disposables market segmented by product, at a CAGR of 7.37% during 2023-2028.

The anesthesia disposables market is segmented by patient group into neonatal, adult and pediatric. The adult market was the largest segment of the anesthesia disposables market segmented by patient group, accounting for 70.76% or $ 756.54 million of the total in 2023. Going forward, the adult segment is expected to be the fastest growing segment in the anesthesia disposables market segmented by patient group, at a CAGR of 6.96% during 2023-2028.

The anesthesia disposables market is segmented by end users into hospitals, clinics, home care settings and other end users. The hospitals market was the largest segment of the anesthesia disposables market segmented by end users, accounting for 58.56% or $626.11 million of the total in 2023. Going forward, the clinics segment is expected to be the fastest growing segment in the anesthesia disposables market segmented by end users, at a CAGR of 7.80% during 2023-2028.

North America was the largest region in the anesthesia disposables market, accounting for 39.16% or $418.73 million of the total in 2023. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the anesthesia disposables market will be Asia Pacific and North America where growth will be at CAGRs of 7.70% and 6.85% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 6.26% and 5.63% respectively.

The global anesthesia disposables market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 32.85% of the total market in 2022. GE Healthcare Inc. was the largest competitor with a 10.07% share of the market, followed by Medtronic plc with 5.53%, Becton, Dickinson and Company with 4.37%, B. Braun Melsungen AG with 3.51%, Baxter International Inc. with 3.26%, Cardinal Health, Inc. with 2.91%, Fresenius SE & Co. KGaA with 2.43%, Teleflex Incorporated with 0.39%, Drägerwerk AG & Co. KGaA with 0.25% and Fisher & Paykel Healthcare Corporation Ltd. with 0.13%.

The top opportunities in the anesthesia disposables market segmented by product will arise in the laryngeal mask airway segment, which will gain $154.72 million of global annual sales by 2028. The top opportunities in the anesthesia disposables market segmented by patient group will arise in the adult segment, which will gain $302.81 million of global annual sales by 2028. The top opportunities in the anesthesia disposables market segmented by end users will arise in the hospitals segment, which will gain $227.33 million of global annual sales by 2028. The anesthesia disposables market size will gain the most in the USA at $120.71 million.

Market-trend-based strategies for the anesthesia disposables market include focus on strategic partnerships and acquisitions to strengthen market position, enhance product offerings and expand their geographic reach and focus on introducing new innovative products to strengthen market positions by offering enhanced solutions that cater to evolving customer needs.

Player-adopted strategies in the anesthesia disposables market include focus on expanding its business capabilities through new product developments, focus on enhancing its business operations through launching new product solutions and focus on improving portfolio through the launch of a global campaign to raise awareness.

To take advantage of the opportunities, the analyst recommends the anesthesia disposables companies to focus on product innovation and expansion, focus on high-growth segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and acquisitions, focus on diversifying distribution channels, provide competitively priced offerings, focus on strategic pricing strategies, continue to use B2B promotions, foster on thought leadership and educational initiatives and focus on hospitals and clinics segments.