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Anesthesia gas scavenging system plays a vital role in maintaining a safe environment in operating rooms by absorbing and removing exhaled waste anesthesia gases from the patient breathing circuit. These systems help healthcare workers prevent exposure to potentially harmful gases by collecting exhaled gases from patients and safely directing them outside the operating room through centralized or dedicated evacuation lines. Surgeries involving general anesthesia produce waste gases containing nitrous oxide, sevoflurane, isoflurane, and desflurane. Uncontrolled exposure to these gases can cause various health issues like nausea, dizziness, headaches and in some cases long term effects on fertility and fetal development. With rising number of surgical procedures worldwide, demand for anesthesia gas scavenging systems is increasing in order to protect medical staff from occupational hazards.
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:
One of the key trends driving the growth of this market is the rising adoption of active scavenging systems over passive scavenging systems. Active scavenging systems offer improved waste gas collection by utilizing vacuum pumps and higher gas flow rates. They are more effective in absorbing trace levels of anesthetic gases compared to passive systems. Various healthcare facilities are upgrading to active systems in order to meet stringent workplace safety standards. Furthermore, manufacturers are launching innovative portable anesthesia gas scavenging systems to make it easier for healthcare workers to transfer patients between operating rooms and recovery areas while ensuring continuous scavenging. They are also integrating anesthetic gas monitoring capabilities with scavenging units to aid in real-time decision making. This rising demand for portable and multifunctional systems will support the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Low cost of equipment but high initial investments and regulatory requirements act as entry barriers.
Bargaining power of buyers: Individual buyers have low bargaining power but group purchasing organizations have more bargaining power.
Bargaining power of suppliers: Few major players control the market thus having strong bargaining power over pricing and supply.
Threat of new substitutes: Potential threat from alternative cost effective technologies for gas scavenging.
Competitive rivalry: Intense competition due to presence of large multinational players and regional vendors.
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$ 8,484.9 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030.
North America dominates the market currently due to stringent regulatory policies and growth in number of surgeries. Factors such as rising geriatric population and incidence of chronic diseases are also fueling market growth. Europe is the second largest market for anesthesia gas scavenging systems driven by presence of major players and developed healthcare infrastructure. Asia Pacific is expected to witness fastest growth during the forecast period supported by improving access to healthcare and increasing medical tourism in countries like India and China.
Key players: 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. These established brands focus on new product launches and partnerships for regional expansion.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
