by 
Anesthesia gas scavenging systems are devices used to collect waste anesthetic gases and vapor during surgical procedures. They help dispose expired gases from patient’s breathing circuits, ensure workplace safety, and protect the environment from hazardous anesthetic waste. Due to the growing number of surgical procedures, there is immense need for anesthesia gas scavenging systems to collect waste gases efficiently.
The global anesthesia gas scavenging system market is estimated to be valued at US$ 8,484.9 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing number of surgical procedures is a major trend driving the anesthesia gas scavenging system market. As per the Center for Disease Control and Prevention (CDC) statistics, over 51 million surgical procedures were performed in the United States in 2018 alone and the number is growing annually. Growing prevalence of lifestyle diseases, accidents, and age-related health issues are fueling the demand for different types of surgical interventions. With the growing caseloads, there is increasing need for better waste gas management in operation theatres to ensure workplace safety and protect the environment from harmful emissions. This is expected to propel the utility of anesthesia gas scavenging systems in hospitals worldwide over the coming years.
SWOT Analysis
Strength: Anesthesia gas scavenging systems provide safety from harmful gases and odors during surgical procedures. They help to maintain air quality for patients and staff in operation theatres.
Weakness: High initial investment costs associated with anesthesia gas scavenging systems can be prohibitive for smaller healthcare facilities and clinics.
Opportunity: Growing number of surgical procedures performed globally drives the need for effective waste gas management solutions in hospitals. Rising health and safety standards also boost the anesthesia gas scavenging system market.
Threats: Competition from cheaper alternatives like standalone ventilator systems and regular air filters pose threats. Fluctuations in raw material prices for components also affect market growth.
Key Takeaways
The global anesthesia gas scavenging system market is expected to witness high growth. The global anesthesia gas scavenging system market is estimated to be valued at US$ 8484.9 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030.
North America currently dominates the market due to rapid increase in surgical volumes and stringent regulatory frameworks regarding workplace safety. The high adoption of advanced anesthesia machines combined with growing clinical infrastructure also boosts the regional market. Europe follows next in terms of revenue share owing to rising government healthcare expenditures and the presence of sophisticated hospitals. The Asia Pacific anesthesia gas scavenging system market is anticipated to grow at the fastest pace during the forecast period of 2023-2030 on account of increasing medical tourism, improving healthcare infrastructure, and rising disposable incomes.
Key players operating in the anesthesia gas scavenging system market are INVISTA, Asahi Kasei Corporation, Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Yantai Tayho Advanced Materials Co. Ltd., Indorama Industries Ltd, TK Chemical Corp., Taekwang Industrial Co., Ltd, Jiangsu Shaungliang Spandex Co., Ltd., and Xiamen Lilong Spandex Co. Ltd.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Get more insights on this topic:
