Anesthesia Gases Market to Surpass US$ 2,266.9 Million by 2030

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The global anesthesia gases market was valued at US$ 1,765.0 Mn in 2021 and is forecast to reach a value of US$ 2,266.9 Mn by 2028 at a CAGR of 3.6% between 2022 and 2028. The global anesthesia gases market is experiencing strong growth due to the increase in prevalence of chronic diseases and increase in geriatric (aging) population around the world. Moreover, rise in demand for anesthesia gases and increase in number of surgical procedures across the globe is expected to boost the growth of the market. However, factors such as side effects of anesthesia gases and rise in generic anesthesia usage are expected to hamper growth of the market.

Global Anesthesia Gases Market Drivers:

One of the key factors expected to augment the growth of the global anesthesia gases market during the forecast period is the increase in prevalence of chronic diseases worldwide. With the increasing burden of chronic diseases, the number of surgical procedures is also increasing, thereby increasing the demand for anesthesia gases. According to the U.S. Centers for Disease Control and Prevention (CDC), six in ten Americans live with at least one chronic disease, such as heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in the U.S., and they are also a leading driver of health care costs.

Global Anesthesia Gases Market Opportunities:

Increase in demand for anesthesia gases across the globe is expected to provide significant growth opportunities for players in the anesthesia gases market. For instance, with the increase in number of emergency cases worldwide, demand for anesthesia gases is also increasing rapidly. In January 2019, Sandoz, a Novartis division, launched Desflurane, Liquid for Inhalation, the first generic of Suprane in the United States, as an inhalation agent for induction and maintenance of anesthesia for inpatient and outpatient surgery in adults, and for maintenance of anesthesia for both inpatient and outpatient surgery in pediatric patients.

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