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The anesthesia gas scavenging system market has been gaining significant traction over the recent times owing to the growing safety concerns regarding anesthesia gas in operation theatres. Anesthesia gas scavenging systems help capture and filter excess anesthesia gas released during surgical procedures, thereby improving air quality and providing a safer work environment for medical personnel. The systems consist of vacuum-powered devices connected to breathing circuits and patient masks or tubes that help collect waste anesthetic gases and vaporize them before being discharged into the atmosphere or surgically piped outside the operation room.
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 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. Anesthesia gas scavenging systems help reduce the risk of pollution and associated health effects such as nausea, dizziness, weakness that medical staff can experience due to long-term exposure to trace amounts of waste anesthetic gases. They have become integral in modern operating rooms to maintain optimum air quality and ensure safety of patients as well as hospital workers.
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.
Growing patient safety concerns and stringent workplace regulations in healthcare institutions have driven the demand for anesthesia gas scavenging systems. Moreover, the rising number of surgical procedures performed worldwide is also augmenting the market growth.
The market is witnessing robust expansion in developing countries as their healthcare infrastructures advance. Manufacturers are also focusing on emerging markets of Asia Pacific and Middle East & Africa through new product launches and partnerships with local players.
Market key trends
One of the key trends being witnessed in the anesthesia gas scavenging system market is the move towards wall-mounted units. Wall-mounted scavenging systems are steadily replacing traditional floor-standing varieties due to advantages such as optimized floor space, minimal clutter and easy mobility. Leading manufacturers are launching wall-mounted models integrated with advanced technologies such as touchscreen controls and telemetry monitoring systems. Furthermore, growing focus on sustainability is also spurring innovations in filter designs for lower energy consumption and ease of disposal.
Porter’s Analysis
Threat of new entrants: Low start-up capital requirements for manufacturing enter the market as suppliers of raw materials and generic drugs. However, anesthesia gas scavenging system require high technical skills and established distribution channels which pose barriers.
Bargaining power of buyers: Buyers have moderate bargaining power as they have number of established players to choose from. However, compliance with medical device regulations and product quality leaves few alternatives.
Bargaining power of suppliers: Suppliers of raw materials and components have low bargaining power due to availability of substitutes and fragmented supplier base. Established OEMs can leverage volume orders for favorable terms.
Threat of new substitutes: Threat from new substitutes is low as no close substitutes exist for scavenging anesthetic gas vapors released during medical procedures. Compliance requirements add switching costs for hospitals and clinics.
Competitive rivalry: Intense competition among key players to gain market share and improve customer retention through product differentiation, quality, service and price. Major players Differentiate through branding and customer service.
Geographical regions
North America accounts for the largest share of the anesthesia gas scavenging systems market owing to stringent medical gas and workplace safety regulations, increasing number of surgical procedures, and presence of major market players. APAC is poised to grow at a high CAGR during the forecast period due to growing healthcare infrastructure, rising medical tourism, and increasing purchasing power.
The anesthesia gas scavenging systems market in emerging regions such as Latin America and Middle East & Africa is expected to witness lucrative growth prospects during 2023-2030. Factors such as growing healthcare awareness, expanding private hospital sector, and rising GDP per capita will boost the adoption of anesthesia gas scavenging systems across key country markets.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
