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Anesthesia Equipment and Associated Peripherals: Advanced, Patient-Friendly Devices Will Sustain Market Growth in Europe, States Frost & Sullivan
Date:10/25/2012

LONDON, Oct. 25, 2012 /PRNewswire/ -- Limited hospital spending and lengthy equipment replacement spans are slowing down growth rates in the European anesthesia equipment and associated peripherals market. This is being offset by the growing demand for safe, advanced and patient-friendly anesthesia consumables.

New analysis from Frost & Sullivan (http://www.healthcare.frost.com), Analysis of the Anesthesia Equipment and Associated Peripherals Market, finds that the market earned revenues of $ 224.5 million in 2011 and estimates this to reach $ 269.2 million in 2016. The research covers equipment (anesthesia machines and monitors) and consumables (laryngeal mask airway (LMA), endotracheal tube (ETT), anesthesia mask and breathing circuit devices).

"The demand for anesthesia equipment and peripherals is rising as a result of the spiraling number of surgical procedures being performed," notes Frost & Sullivan Senior Analyst Akanksha Joshi. "The focus is now on innovative, technologically advanced products that are patient-friendly and that promote greater safety and ease-of-operation."

In the saturated anesthesia equipment segment, the focus is on developing high-quality, cost-effective products. In the consumables segment, the trend is currently favouring disposable over reusable equivalents. There has been strong demand for reliable and easy-to-use products that can flexibly adjust to any upgrades.

Revenues in the anesthesia equipment segment are dependent mainly on replacement purchases. Limited healthcare budgets have meant, however, that purchasing departments tend to buy only the most urgently required equipment each year.

"Western European hospitals are already well equipped with anesthesia equipment, with demand now likely to come from new hospitals," explains Joshi. "In the absence of strict regulations, hospitals have tended to delay replacing o
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SOURCE Frost & Sullivan
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