The global anesthesia CO2 absorbent market size is expected to reach USD 142.5 Million in 2030 and register a revenue CAGR of 7.8% over the forecast period, according to the latest report by Reports and Data. Rising incidence of accidents and chronic illnesses, together with growing geriatric population, will drive market revenue growth over the forecast period. CO2 (carbon dioxide) absorbents are used to absorb the exhaled gases, primarily CO2, during anesthetic administration. Furthermore, increasing incidence of surgical operations is expected to increase market revenue growth.
A rise in number of people suffering from neurological problems, cardiac arrest, respiratory illnesses, and diabetes has resulted in an increase in number of surgical operations conducted for treatment, and this in turn, would fuel market revenue growth during the forecast period. According to the World Health Organization, around 65 million people have chronic obstructive pulmonary disease (COPD), and 3 million people die from it each year, making it the third largest cause of mortality worldwide. The high cost of premium absorbent, on the other hand, may hinder market revenue growth during the forecast period. Furthermore, degradation of inhaled anesthetics in presence of CO2 absorbents leads to formation of carbon monoxide, which may result in carboxyhemoglobin concentrations exceeding 30% and may hinder market revenue growth during the forecast period.
Top Companies operating in the market and profiled in the report include:
GE Healthcare, Drägerwerk AG Co. KGaA, Armstrong Medical, ICU Medical Inc., Becton, Dickinson and Company, Allied Healthcare, Micropore Technologies, Intersurgical Inc., Molecular Products Group, and VYAIRE Medical, Inc.
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The pharmaceutical and healthcare industry has undergone tremendous change over the recent years, especially with the emergence of the COVID-19 pandemic. Increasing accessibility of advanced healthcare systems and low-cost technologies coupled with growing demand for over-the-counter medications has further changed the dynamics of the industry. Integration of robust technologies such as AI and blockchain have helped pharmaceutical companies reduce capital expenditure and strengthen the global supply chain. Increasing application of biosimilars, shifting focus to in-silico testing of pharmaceutical products, and rising number of product approvals from regulatory authorities are some key factors driving revenue growth of the market.
Increasing expenditure on RD, growing focus on implementing robust cybersecurity solutions to ensure better medical device connectivity, and development of advanced telehealth software by key companies operating in the field has further added traction to the revenue growth of the market. The global Anesthesia CO2 Absorbent market report discusses the current market scenario with respect to the competitive landscape and offers key insights into the company profiles, product portfolio, production and manufacturing capacity, revenue contribution, and position in the global market. It also provides details on recent mergers acquisitions, joint ventures, collaboration, and product launches, among others.
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Form Outlook (Revenue, USD Million; 2018–2030)
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The report provides a comprehensive analysis of the market scope, supply chains, distribution channels, trends and demands in each region, revenue generation, market size, and presence of prominent companies in each region. It studies the revenue growth of the market in each region and their key countries based on several factor such as macro- and micro-economic growth factors, regulatory framework and policies, investment and funding opportunities, RD and technological advancements, and growth prospects.
Key Regions Assessed in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, Italy, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further segments the global Anesthesia CO2 Absorbent market on the basis of product types and applications and offers details about key factors that are expected to drive revenue growth of each segment and sub-segment.
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