Anesthesia Gas Scavenging System Market Dynamics: Market Forces

Comments · 25 Views

An anesthesia gas scavenging system is utilized to capture and dispose off waste anesthesia gases, vapors, and aerosols that are produced during surgical procedures. The system helps in eliminating traces of harmful waste gases such as nitrous oxide, oxygen, and halothane from the ambient air in operating rooms, thereby protecting medical staff and patients from exposure. Growing concerns regarding staff and patient safety, along with implementation of stringent regulatory policies mandating utilization of gas scavenging systems in operating rooms are propelling the demand for such systems across healthcare facilities globally.

The Global Anesthesia Gas Scavenging System Market is estimated to be valued at US$ 8484.9 Mn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Anesthesia Gas Scavenging System 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.

There exists substantial growth opportunities in developing economies owing to increasing healthcare spending and infrastructure development. Countries in the Asia Pacific region such as India, China, and Southeast Asian countries are expected to witness high demand for anesthesia gas scavenging systems over the forecast period.

Key players are focusing on expansion into emerging markets through partnerships and acquisitions. For instance, in 2022, INVISTA partnered with Acme United Corporation to distribute anesthesia gas scavenging systems in East Asia and South Asia Pacific regions.

Market drivers and restrain

Rising number of surgical procedures being performed drives the anesthesia gas scavenging system market. As per estimates, over 320 million surgical procedures are performed annually across the globe which has increased the exposure of surgical staff to waste anesthesia gases. This necessitates adoption of gas scavenging solutions in operating theatres to ensure staff safety.

Stringent regulatory standards mandate utilization of gas scavenging systems. Organizations like the Center for Disease Control and Prevention (CDC) and Occupational Safety and Health Administration (OSHA) have stipulated guidelines compelling hospitals and healthcare facilities to deployed anesthesia scavenging units. Compliance with such directives fuels the sales of these systems.

High equipment and operating costs could hamper market growth. Anesthesia gas scavenging systems involve substantial capital investments and additional operating expenses related to periodic maintenance and filter replacements. Limited budgets of hospitals in price-sensitive regions may impede uptake.


Segment Analysis
The centralized anesthesia gas scavenging sub segment currently dominates the anesthesia gas scavenging system market due to the rising adoption of centralized workstations for anesthesia delivery in large hospitals and ambulatory surgery centers. These centralized systems are preferred as they enable the consistent and efficient collection of waste anesthesia gases from multiple operating and procedure rooms through a singular exhaust system connected to a central vacuum source. They help reduce operating costs by allowing for easy maintenance.

Global Analysis

Regionally, North America is anticipated to grow the fastest in the anesthesia gas scavenging system market during the forecast period. This is attributed to factors such as the growing surgery rate, rising healthcare expenditure, technological advancements, and a well established healthcare infrastructure in the region. In terms of revenue, the US held the dominant share of over 80% in the North American anesthesia gas scavenging system market in 2020 owing to the presence of major players and hospitals in the country adopting anesthetic gas removal technology to minimize staff exposure and environmental pollution. Asia Pacific is also expected to showcase substantial growth in the anesthesia gas scavenging system market fueled by rising medical tourism, improving access to healthcare facilities, and increasing uptake of advanced surgical procedures in countries like China and India.

disclaimer
Comments