Vaporizer Market Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
Anesthetic vaporizer is a part of anesthetic machine, which is used to deliver required concentration of anesthetic agent. It is used to deliver volatile anesthetic agents. It converts liquid anesthetic agent into vapors and then these vapors are mixed with the fresh gas flow. Vaporizers are available on the basis of variable bypass and measured flow. They are used during surgery procedures to anesthetize patients, in hospitals and surgical centers. They are also used in intensive care units (ICU).
Global Vaporizer Market Drivers
Introduction of technologically advanced vaporizers is expected to boost the global vaporizer market growth. For instance, Drägerwerk AG & Co. KGaA Draeger offers – D Vapor 3000 — a fully automated vaporizer. The vaporizer calculates required amount of dose of anesthetic agent and self-regulates the delivery of the vaporized anesthetic agents. Similarly, GE Healthcare offers – Aladdin Cassette — an electronically controlled vaporizer. It can calculate the dosage of anesthetics agent and also store the data. Each cassette is specific to the anesthetic agent and due to magnetic codification the cassette can identify the anesthetic agent present in it. Such technological advancements are expected to propel the global vaporizer market growth.
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Moreover, initiatives taken by government and other organizations in surgical and anesthetic area, are expected to have a positive impact on the global vaporizer market growth. For instance, in May 2018, 71st session of World Health Assembly was held in Geneva. The assembly included an event regarding surgery and anesthesia management. The objective of the event was to build an effective program for surgery and anesthesia care for women. Therefore, this factor is expected to support the global vaporizer market growth.
Global Vaporizer Market Regional Analysis
North America is expected to hold dominant position in the global vaporizer market. Factor such as presence of qualified anesthesiologists who can operate modernized vaporizers may contribute to increasing adoption of these devices in the medical care. For instance, American Society of Anesthesiologists has proposed a program – Current Reviews in Clinical Anesthesia for anesthesiologists in practice, which commenced from May 1, 2019. The aim of this program is to update the knowledge of anesthesiologists about emerging technological advancements in anesthesia delivery. Therefore, such qualified anesthesiologists may be able to practice modernized vaporizers, thereby boosting the global vaporizer market growth.
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Global Vaporizer Market Restraints
Absence of advanced anesthetic vaporizers in emerging regions such as Africa is expected to hinder the global vaporizer market growth. For instance, in 2017, Western Michigan University conducted a comparative study of public and private healthcare system of South Africa. The study revealed that public hospitals had very poor facilities as compared to private hospitals. Even private hospitals had fewer facilities. It indicates that modernized vaporizers may not have been introduced in emerging economies due to lack of supporting healthcare infrastructure. Therefore, these factors are expected to restrain the global vaporizers market growth.
Moreover, anesthetic vaporizers require constant supply of electricity (Aladin Cassette – GE Healthcare product), which may hinder adoption of these devices in emerging economies where there is lack of constant supply of electricity. Some of the hospitals and surgical centers present in emerging economies have poor infrastructure and are unable to provide continuous supply of power. According to the World Data Bank, in 2016, only 26.7% population of Uganda had access to electricity. Therefore, this factor may restrict the global vaporizer market growth in emerging countries in regions such as Africa, Latin America, and Asia Pacific.
Global Vaporizer Market Key Players
Some of the major players operating in the global vaporizer market include, GE Healthcare, Penlon Ltd., Draegerwerk AG & Co. KGaA, Rothacher Medical GmbH, Allied Medical Ltd., Intersurgical Ltd., Kindwell Medical, Vaporizer Sales and Service, Smiths Group plc, and OES Medical.
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