Global Anaesthesia Co2 Absorbent Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global anaesthesia CO2 absorbent market accounted 6197.0 million USD in 2020 and is expected to reach 14271.7 million USD by 2030 with the CAGR of 8.7% during the forecast period.Anaesthesia CO2 absorbents are medical grade chemicals used in closed breathing environments to eliminate carbon dioxide from breathing gases and prevent CO2 retention and poisoning. They are mainly used in anaesthesia circle systems for removing exhaled carbon dioxide. The eradication of CO2 from exhaled gases is achieved through chemical neutralization in transparent containers comprising of absorbent granules. The ideal CO2 absorbents have low airflow resistance, high efficiency, zero toxicity or reactions with inhalation anaesthetics, and low cost. Effective CO2 absorption prevents CO2 rebreathing & development of hypercapnia. The global anaesthesia CO2 absorbent market accounted 6197.0 million USD in 2020 and is expected to reach 14271.7 million USD by 2030 with the CAGR of 8.7% during the forecast period.
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Market Dynamics and Factors:
The growing geriatric population; rising incidences of chronic illnesses (neurological disorders, respiratory problems, cardiovascular disease, and diabetes) leading to the rise in the number of surgeries performed are the major factors driving the market growth of anaesthesia CO2 absorbent markets. For instance, according to the World Health Organisation, around 7.6% of the global population suffers from respiratory disorders. Occurrence of respiratory disorders increases with age and affects almost 15% of the total geriatric population. Additionally, guidelines and safety parameters decided by organisations like the Anaesthesia Patient Safety Foundation, Centre for Disease Control & Prevention (CDC) are playing key roles in impacting the market growth of anaesthesia CO2 absorbents. However, strict government regulations and medical safety concerns associated with inappropriate administration of anaesthesia may restrain the market growth in the future. For instance, the degradation of inhaled anaesthetics to carbon monoxide can produce carboxy haemoglobin beyond 30% concentration because of the use of CO2 absorbents containing strong bases like sodium hydroxide and potassium hydroxide.
Market Segmentation:
Global Anaesthesia Co2 Absorbent Market – By Product Type
Soda Lime
Medisorb
Dragersorb
Amsorb
Litholyme
Others
Global Anaesthesia Co2 Absorbent Market – By End-Users
Hospitals
Clinics
Others
Global Anaesthesia Co2 Absorbent Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global anaesthesia CO2 absorbents market in terms of market share during the forecast period. Rising number of surgeries, world class healthcare infrastructure, and favourable government regulations are the major factors driving the market growth of anaesthesia CO2 absorbents. For instance, according to the Centre for Disease Control & Prevention (CDC), in 2013 almost 51.4 million cardiological surgeries were performed in the U.S and the trend is expected to continue in the coming years. The Asia Pacific region is anticipated to witness sharp growth in the global anaesthesia CO2 absorbent market during the forecast period. Countries like India, China, and Japan will witness high growth during the forecast period. Rapid development of the healthcare sector, improving healthcare infrastructure, growing medical tourism are the major factors attributing towards the market growth in the APAC region.
Competitive Scenario:
The key players operating in the global anaesthesia CO2 absorbent market are –
GE Healthcare, Armstrong Medical, Allied Healthcare, Smiths Medical, CareFusion, Micropore, King Pharmaceuticals, Molecular, Intersurgical, Drager Medical GmbH, Medisize.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Anaesthesia Co2 Absorbent industry, although key threats, opportunities and disruptive technologies that could shape the Global Anaesthesia Co2 Absorbent Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Anaesthesia Co2 Absorbent Market most.
The data analysis present in the Global Anaesthesia Co2 Absorbent Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Anaesthesia Co2 Absorbent Market business.
The 2021 Annual Global Anaesthesia Co2 Absorbent Market offers:
100+ charts exploring and analysing the Global Anaesthesia Co2 Absorbent Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Anaesthesia Co2 Absorbent Market type
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