Anaesthesia Devices Market - Databook 2025 to 2034

The global anaesthesia devices market size was evaluated at USD 17,510 million in 2024 and is expected to grow around USD 40,330 million by 2034, registering a CAGR of 70% from 2025 to 2034.

Highlights of the Anaesthesia Devices Market

• North America had the leading market share in the anesthesia devices market in 2024, owing to the developed healthcare infrastructure and extensive uptake of cutting-edge technologies.
• Asia Pacific is likely to advance at the fastest CAGR, supported by growth in healthcare spending and rising health awareness of superior medical devices.
• By product, anesthesia delivery machines had the highest market share in 2024, supported by swift technology developments.
• By product, anesthesia monitors are expected to experience considerable growth because they play a significant role in patient monitoring during treatment.
• By type, the general anesthesia segment dominated the market.
• By type the local anaesthesia segment is expected to be the fastest growing in the forecast period.
• By application, cardiology had the highest market share in 2024.
• By application, orthopedics will grow at a fast pace with the rising incidence of bone diseases and injuries.
• By end user, hospitals held the largest market share in 2024, owing to their extensive facilities and large patient influx.
• By end user, ambulatory surgical centers will grow with the rising trend of outpatient procedures.

Industry Valuation and Growth Rate Projection

Introduction Anaesthesia equipment is life-critical healthcare equipment used to deliver anesthetic drugs to patients during surgical and diagnostic procedures in a safe manner. Anaesthesia equipment consists of anaesthesia machines, ventilators, monitors, and information management systems that keep the patient unconscious and pain-free throughout the procedure. With technological development, there are now smarter AI-based systems for enhanced accuracy, efficiency, and patient safety. Recent anaesthesia machines have real-time monitoring and drug delivery features that make them a necessity in operating rooms globally.

The market of anaesthesia devices addresses various healthcare fields such as ambulatory surgical centres, hospitals, clinics, and specialty care units. The equipment is mainly deployed across surgical indications like cardiology, orthopaedics, neurology, and general surgery. Demand for the equipment is increasing in the outpatient area with the increase in minimally invasive procedures as well. As medical infrastructure increases across the world, particularly in developing economies, these machines are finding widespread adoption in order to address increasing surgical needs. Further increased regulatory emphasis on patient safety, coupled with the increasing rate of chronic conditions necessitating surgical intervention, has greatly expanded the scope of the market.

The growing rate of surgery, especially cardiovascular surgery, is propelling the demand for anesthesia equipment. Anesthesia is fundamental in providing patient comfort and protection through such invasive medical procedures.

There have been tremendous technological developments that have resulted in the creation of advanced anesthesia delivery systems, monitoring equipment’s and airway management devices.

Anaesthesia Devices Market: Stats and Figures

• The anesthesia devices market is projected to grow from USD 18.98 billion in 2025 to USD 39.97 billion by 2034 at a string CAGR.
• North America led the global anesthesia devices market in 2024 due to advanced healthcare infrastructure and technology adoption.
• Anesthesia delivery machines accounted for the largest product segment share in 2024.
• Cardiology was the dominant application segment, driven by the increasing number of cardiovascular procedures.
• Hospitals were the primary end users registering the highest market share, owing to large-scale surgical operations and integrated facilities.

How AI has Benefited the Market

• Voluminous data sets are evaluated using artificial intelligence algorithms to anticipate perioperative complications like bad outcomes and difficulty intubation, and initiate corrective actions ahead of time.
• Machine learning models aid real-time monitoring of essential signs, making it possible to detect abnormalities promptly and optimize intraoperative decision making.
• AI makes customization of anesthesia regimens possible through the use of unique patient information, allowing for customized dosing and optimized outcomes.

Industry Leader Announcements

The anesthesia monitoring devices market is experiencing growth driven by technological advancements, including the integration of AI. Innovations such as real-time gas analysis, depth of anesthesia assessment, and AI-enhanced monitoring are improving patient safety and outcomes. These developments are particularly beneficial in ambulatory surgical centers where efficient and cost-effective monitoring is essential.

The global anesthesia and respiratory devices market is projected to grow significantly, reaching USD 77.9 billion by 2023. This growth is attributed to the increasing prevalence of respiratory diseases and the rising demand for advanced anesthesia devices. The market expansion underscores the importance of continuous innovation and adaption to meet evolving healthcare needs.

Geographical Insights

North America

In 2024 marked the year when North America happened to be the highest in the anaesthesia devices market, when it single-handedly accounted for the highest revenue share. The development of the healthcare infrastructure in this region, the rising elderly population, and the elective and emergency surgeries conducted all contributed to this sudden surge. Other factors include technological advances in anaesthesia systems by key players, further prompted by government policies concerning MedTech reimbursements and taxation increases in spending, and the use of robotics and AI, giving the US and Canada the edge for growth stimulation.

Asia Pacific

Asia Pacific is expected to register quick growth over the forecast period. Rapid urbanization, rising disposable incomes, and improved access to medical facilities have increased the number of surgeries performed across the region. Countries such as India, China, and Japan are investing heavily in upgrading hospital infrastructure and expanding healthcare services, which is further contributing to the demand for modern anaesthesia delivery systems. The increasing medical tourism industry, especially in India and Thailand, coupled with increasing awareness around safe surgical practices, is propelling the adoption of advanced anaesthesia equipment.

China

China has rapidly become a major force in the Asia-Pacific anaesthesia devices market thanks to its focused investments in healthcare modernization. A big part of this momentum comes from the government's “Made in China 2025” imitative, which inspires domestic production of medical technologies, including advanced anaesthesia systems. Local companies are expanding and collaborating with global med tech giants, bringing in new expertise and invention to the industry. At the same time, a growing number of surgical procedures, strong policy support, and cutting-edge developments in AI-based anaesthesia monitoring are helping China solidify its role as a regional leader in this evolving market.

Recent Developments in the Anaesthesia Devices Market:

• In August 2024, the US Court of Appeals for the Fifth Circuit declined to halt the Federal Trade Commission’s antitrust lawsuit against US Anesthesia Partners. The FTC alleges that the company engaged in serial acquisitions of health practices across Texas to consolidate the anesthesiology market and inflate prices, raising significant concerns about market competition.
• The anesthesia monitoring devices market is experiencing growth driven by innovations in real-time gas analysis, depth of anesthesia assessment, and AI integration. These advancements enhance patient safety and outcomes, particularly in ambulatory surgical centers where efficient and cost-effective monitoring is essential.

Competitive Landscape

The market for anaesthesia devices is moderately concentrated, with a few dominant players driving innovation and distribution worldwide. Although large companies have large market shares, many regional and specialty manufactures provide a competitive landscape. This is influenced by fast-paced technological changes, regulatory requirements, and the increasing demand for sophisticated anaesthesia solutions.

• Company Name: Philips Healthcare
• Year of Incorporation: 1891
• Headquarters: Amsterdam, Netherlands

This company operates in over 100 countries offering anesthesia machines, patient monitors, and diagnostic imaging solutions, and IS active in AI and digital health.

• Company Name: Meditronic Plc
• Year of Incorporation: 1949
• Headquarters: Dublin, Ireland

This company provides a wide range of medical technologies, including anesthesia delivery and respiratory care systems.

• Company Name: Dragerwerk AG
• Year of Incorporation: 1889
• Headquarters: Lubeck, Germany

This company specializes in anesthesia workstations and patient monitoring devices. Operates globally with a focus on safety and innovation.