The global
anesthesia machines market is expected to grow at a CAGR of 3.50% during
the forecast period. Major challenges hindering the growth of the global
anesthesia machines market include high cost of anesthesia machines, lack of
trained anesthesiologists, and intense competition among vendors.
The global anesthesia machines market is competitive due to the presence
of several regional and global vendors. Leading vendors offers a broad range of
products; have required financial, technical, and marketing resources; have
large geographical coverage and strong distribution channels; and makesignificant
investments in R&D. On the contrary, small and medium-sized vendors have
limited financial and technical strength and limited product offerings.
Therefore, these vendors are unable to compete with established vendors in
terms of quality, reliability, and R&D.
End-users such as outpatient surgery centers have a high demand for
low-cost anesthesia machines with advanced features. Thus, vendors are
increasingly focusing their R&D efforts on the development of such machines
to strengthen their market position. The competitive environment of the market
is expected to intensify during the forecast period due to new product launches
and the increasing focus of vendors on expanding their presence in
international markets. However, despite the challenges, the global anesthesia
machines market is expected to grow in an accelerating momentum during the
forecast period.
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