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Global Anesthesia CO2 Absorbent Market – Industry Trends and Forecast to 2029

Healthcare

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Global Anesthesia CO2 Absorbent Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Anesthesia CO2 Absorbent Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 67.00 Million
Diagram Market Size (Forecast Year) USD 136.47 Million
Diagram CAGR %

Global Anesthesia CO2 Absorbent Market, By Product Type (Sodasorb, Soda Lime, Others), Application (Hospital, Clinic)-Industry Trends and Forecast to 2029

Anesthesia CO2 Absorbent Market

Market Analysis and Size

CO2 absorbents are generally used to absorb exhaled gases during anaesthetic delivery. By decreasing new gas flow to closed-circuit conditions, CO2 absorbent formulations are utilised to reduce anaesthetic waste. Strong bases of potassium hydroxide and sodium hydroxide are present in these absorbents, which aid in the conversion of labile protons from anaesthetic molecules to carbon monoxide (CO).

Data Bridge Market Research analyses that the anesthesia CO2 absorbent market which was USD 67 million in 2021, would rocket up to USD 136.47 million by 2029, and is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Sodasorb, Soda Lime, Others), Application (Hospital, Clinic)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

BD (U.S), Drägerwerk AG & Co. KGaA (Germany), Smiths+Medical (U.S), Allied Healthcare Organisation (U.K), Armstrong Medical (U.K), Micropore (U.K), Intersurgical Ltd. (U.S), General Electric (U.S.), Vyaire Medical, Inc. (U.S.), Armstrong Medical (U.K.), Molecular Products Group, Ltd. (U.K), Micropore, Inc. (U.S.), Lowenstein Medical UK, Ltd. (U.K), Atrasorb (Brazil)

Market Opportunities

  • Increasing number of surgeries
  • Increasing number of fatal accidents

Market Definition

Anesthesia CO2 Absorbents are medical-grade compounds that are used in closed breathing situations to remove carbon dioxide from breathing gases in order to prevent CO2 retention and poisoning.

Anesthesia CO2 Absorbent Market Dynamics

Drivers

  • Increasing incidence of chronic and infectious diseases

 The number of fatal accidents, the number of surgical procedures, and the use of sophisticated anaesthetic instruments and devices are all driving market revenue growth. Other important drivers driving global market expansion include an increase in the global geriatric population and an increase in the prevalence of neurological illnesses, cardiovascular disorders, and respiratory diseases that necessitate surgical intervention. Rising demand for anaesthesia disposables, as well as stricter rules regulating the use of anaesthetic medications and equipment, all help to drive market expansion. For example, the Centers for Disease Control and Prevention (CDC), the Anesthesia Patient Safety Foundation, and a number of other regulatory authorities have enforced anaesthesia disposables safety rules.

  • Increased frequency of surgical treatments

Surgical treatment is frequently required for cardiothoracic, orthopaedic, vascular, and neurological diseases or disorders. The rising prevalence of cardiovascular illness, arthritis, and cancer, as well as the increased frequency of surgical treatments such as open-heart surgery for vein blockage therapy, are driving demand for general operations.

  • Increased incidence and frequency of accidents

The increased incidence and frequency of accidents and chronic illnesses, as well as the worldwide geriatric population base, are driving market expansion. According to the World Health Organization, chronic obstructive pulmonary disease affects over 65 million individuals worldwide.

Opportunities

Anesthesia CO2 absorbent is a niche market of anaesthesia disposables, with demand predicted to grow as the number of surgeries increases. The global surgical volume is large, according to statistics published by the WHO in partnership with Harvard's Department of Health Policy and Management, accounting for around 234 million procedures per year.

Restraints/Challenges

Furthermore, market restraints in the worldwide anesthesia CO2 absorbent market are competitive limits in agreements among organisations or persons at multiple levels of the manufacturing distribution and department process.

This anesthesia CO2 absorbent market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the anesthesia CO2 absorbent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 impact on Anesthesia CO2 Absorbent Market

The demand for crucial life-saving materials, tools, and equipment is increasing as the COVID-19 epidemic spreads. Over the forecast period, the increased need for anaesthesia CO2 absorbents in mechanical ventilators for breathing circuit is expected to drive anaesthesia CO2 absorbent market growth.

Recent Development

  • In December 2020, The EchoGlo peripheral nerve block portfolio has been launched by Smiths Medical, a major medical device producer. This addition to the Portex pain management product line provides customers with a complete regional anaesthetic solution, from the pump to the patient.

Global Anesthesia CO2 Absorbent Market Scope

The anesthesia CO2 absorbent market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

  • Hospital
  • Clinic

Product

  • Sodasorb
  • Soda Lime
  • Others

Anesthesia CO2 Absorbent Market Regional Analysis/Insights

The anesthesia CO2 absorbent market is analysed and market size insights and trends are provided by country, product, application as referenced above.

The countries covered in the anesthesia CO2 absorbent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America anesthesia CO2 absorbent dominating the market due to growing volumes of surgeries in the region, increasing incidences of road mishaps, growing geriatric populace, and increasing medical tourism.

Asia-Pacific anesthesia CO2 absorbent market is expected to register the highest CAGR during the forecast period, mainly due to the region’s rapidly advancing healthcare infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Anesthesia CO2 Absorbent Market Share Analysis

The anesthesia CO2 absorbent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to anesthesia CO2 absorbent market.

Some of the major players operating in the anesthesia CO2 absorbent market are:

  • BD (U.S)
  • Drägerwerk AG & Co. KGaA (Germany)
  • Smiths+Medical (U.S)
  • Allied Healthcare Organisation (U.K)
  • Armstrong Medical (U.K)
  • Micropore (U.K)
  • Intersurgical Ltd. (U.S)
  • General Electric (U.S.)
  • Vyaire Medical, Inc. (U.S.)
  • Armstrong Medical (U.K.)
  • Molecular Products Group, Ltd. (U.K)
  • Micropore, Inc. (U.S.)
  • Lowenstein Medical UK, Ltd. (U.K)
  • Atrasorb (Brazil)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Anesthesia CO2 Absorbent Market will be worth USD 15.55 billion in the forecast period by 2029
The Anesthesia CO2 Absorbent Market growth rate is 18.5% in the forecast period.
The Increasing incidence of chronic and infectious diseases, Increased frequency of surgical treatments and Increased incidence and frequency of accidents are the growth drivers of the Anesthesia CO2 Absorbent Market.
The product type, application are the factors on which the Anesthesia CO2 Absorbent Market research is based.
Major companies in the Anesthesia CO2 Absorbent Market are BD (U.S), Drägerwerk AG & Co. KGaA (Germany), Smiths+Medical (U.S), Allied Healthcare Organisation (U.K), Armstrong Medical (U.K), Micropore (U.K), Intersurgical Ltd. (U.S), General Electric (U.S.), Vyaire Medical, Inc. (U.S.), Armstrong Medical (U.K.), Molecular Products Group, Ltd. (U.K), Micropore, Inc. (U.S.), Lowenstein Medical UK, Ltd. (U.K), Atrasorb (Brazil)
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