Anesthesia CO2 Absorbents Market - By Product (Medisorb, Dragersorb, Amsorb, Litholyme, Soda Lime), By Type (Premium, Traditional), By Form (Power Form, Granular Form), By End-use (Hospitals, Clinics)– Global Forecast, 2023-2032
Report ID: GMI7093
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Published Date: October 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 347
Countries covered: 18
Pages: 175
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Anesthesia CO2 absorbents Market Size
Anesthesia CO2 Absorbents Market size was valued at USD 74.1 million in 2022 and is estimated to account for USD 121.9 million by 2032. The anesthesia CO2 absorbents are responsible for removing carbon dioxide (CO2) from the exhaled breath of a patient under anesthesia. The increasing number of surgical procedures worldwide is one of the major factors driving the market growth.
According to the Society of Thoracic Surgeons (STS) in 2022, around 1.3 million cardiovascular procedures were carried out in North America. Hence, increasing number of cardiovascular procedures is expected to raise the demand for anesthesia CO2 absorbents, which is projected to further stimulate market progress.
Advances in anesthesia delivery systems and CO2 absorbent technologies have improved safety, efficiency, and effectiveness in administering anesthesia. Healthcare providers are increasingly adopting these advanced systems to enhance patient care, thereby driving market growth. Thus, the aforementioned factors will positively influence the demand for anesthesia CO2 absorbents.
COVID-19 Impact
The COVID-19 pandemic led to a surge in the demand for ventilators and anesthesia machines to support patients with severe respiratory issues. These machines require CO2 absorbents to function effectively. As a result, there was an increased demand for anesthesia CO2 absorbents to support the influx of COVID-19 patients. Therefore, the continued adoption of mechanical ventilators and anesthesia machines throughout the pandemic stimulated the market expansion.
Anesthesia CO2 Absorbents Market Trends
The global market is primarily driven by growing burden of chronic diseases globally. Chronic diseases often require surgical interventions for treatment or management. With a growing population of individuals suffering from chronic conditions such as heart disease, cancer, diabetes, and respiratory disorders, the number of surgical procedures, both elective and non-elective, will increase thereby directly contributing to the demand for anesthesia services and CO2 absorbents.
Anesthesia CO2 Absorbents Market Analysis
The market by product is categorized into soda lime, medisorb, dragersorb, amsorb, litholyme, and other products. The medisorb segment garnered USD 23.3 million revenue size in the year 2022.
Based on type, the anesthesia CO2 absorbents market is segmented into premium and traditional. The premium type of segment dominated the market and accounted for over 62% business share in the year 2022.
The anesthesia CO2 absorbents market by form is categorized into powder form, granular form. The powder form segment garnered USD 41.6 million revenue size in the year 2022.
The anesthesia CO2 absorbents market by end-use is categorized into hospitals, clinics, and others. Hospitals held over 45% of industry share in 2022.
U.S. anesthesia CO2 absorbents market accounted for USD 20.9 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
Anesthesia CO2 absorbents Market Share
The anesthesia CO2 absorbents industry is consolidated in nature, with major companies competing to offer superior products in this business space. Prominent players such as Drägerwerk AG & Co. KGaA holds a significant share in the market. These companies are diligently directing their efforts towards continuous product innovation to gain substantial market share. For instance, Drägerwerk AG & Co. KGaA introduced the Drägersorb 800 HEPA, in order to offer more safe and effective anesthesia CO2 absorbents in the market.
Some of the eminent market participants operating in the anesthesia CO2 absorbents industry include:
Anesthesia CO2 Absorbents Industry News:
Anesthesia CO2 absorbents market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Product, 2018-2032 (USD Million & Units)
By Type, 2018-2032 (USD Million)
By Form, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries: