Anesthesia gases are used extensively during surgeries to induce and maintain anesthesia in patients undergoing surgical procedures. Some common anesthesia gases used are nitrous oxide, sevoflurane, desflurane and isoflurane. They help relax patients and block the transmission of pain signals from the surgical site to the brain. The increasing prevalence of chronic diseases and number of surgeries being performed globally is fueling the demand for anesthesia gases.
The Global Anesthesia Gases Market is estimated to be valued at US$ 2182.32 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Anesthesia Gases are Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Site-Specific Technology Development Group, Inc., CropMetrics LLC, Trimble Navigation Ltd., Agribotix LLC, AgEagle Aerial Systems Inc., Granular, Inc., AgriSight, Inc., and SemiosBio Technologies Inc.
The Anesthesia Gases Market Size is expected to witness lucrative opportunities due to the rising geriatric population and increasing number of surgeries. Furthermore, innovations focused on developing less expensive anesthesia gases with improved efficacy are likely to open new avenues for market players.
Technological advancements have enabled the development of advanced anesthesia gas delivery systems with features such as optimized gas flow control, real-time respiratory monitoring and leak compensation. This has further enhanced patient safety and experience during surgical procedures.
Market drivers
Growing geriatric population - The risk of various chronic diseases and need for surgery rises with age. With an increasing elderly demographic globally, the demand for anesthesia gases is projected to surge considerably over the coming years.
Increasing healthcare expenditure - Rising disposable incomes and growing awareness about the importance of medical care have led to higher spending on healthcare services. This has provided a fillip to the number of surgeries being conducted worldwide.
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