The global Anesthesia Gas Scavenging System Market Growth Accelerated by Demand from Ambulatory Services

 

Anesthesia gas scavenging system is essential medical equipment used to evacuate waste anesthetic gases and vapor from the patient's breathing circuit during surgery or other medical procedures. The systems protect patients and surgical or medical staff from exposure to harmful waste gases which if inhaled can potentially lead to adverse health effects.

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, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growth of the anesthesia gas scavenging system market is largely driven by the increasing demand from ambulatory services. Ambulatory surgery centers are medical facilities where surgeries are performed on an outpatient basis without requiring an overnight hospital stay. The number of ambulatory centers is growing rapidly as they are more cost-effective compared to inpatient hospital stays. According to the American Hospital Association, the number of operations performed in ambulatory surgical centers grew by 5.7% annually between 2010 to 2017. With the rise in ambulatory surgeries, demand for anesthesia gas scavenging systems from these centers is expected to increase significantly over the forecast period. This ongoing trend is expected to accelerate the anesthesia gas scavenging system market growth.
Segment Analysis

The global anesthesia gas scavenging system market is segmented into active gas scavenging system and passive gas scavenging system. The active gas scavenging system segment dominates the market and is expected to witness high growth during the forecast period. Active gas scavenging system is dominating as it actively absorbs and traps waste anesthetic gases and vapors near the patient breathing circuit, thus preventing environmental pollution and exposure of medical staff to these gases.

Key Takeaways

The global anesthesia gas scavenging system market is expected to witness high growth during the forecast period of 2023 to 2030. 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.

Regional analysis shows that North America dominates the market currently due to growing adoption of advanced medical systems and healthcare infrastructure in the region. However, Asia Pacific is expected to grow at the fastest rate during the forecast period due to increasing healthcare spending and growing medical tourism in countries like China and India.

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 players are focussing on new product launches and geographic expansion to strengthen their market position.

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