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Epidural Anesthesia Disposable Device Market 2024-2033 - Size, Share, Growth & Key Players
Epidural Anesthesia Disposable Device Market
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According to The Business Research Company's, The epidural anesthesia disposable device market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing preference for disposable medical items, increasing the number of accident cases, increasing the adoption of epidural anesthesia disposables, awareness about pain management benefits, and increasing preference for epidural an aesthesia during childbirth.
The epidural anesthesia disposable devices market size is expected to see rapid growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing need for gadgets, rising need for effective and dependable disposable devices, growing number of surgeries, growing rates of chronic illnesses and an aging population, and growth in outpatient surgeries. Major trends in the forecast period include integration of digital health technologies, integrating technology for real-time monitoring and dosage control, advanced technologies, research and development investments, and innovations in clinical technology.
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Market Drivers and Trends:
The growing number of surgeries is expected to propel the growth of the epidural anesthesia disposable device going forward. Surgeries are medical procedures where doctors use tools to treat injuries or illnesses by making cuts in the body to assess and fix problems. The increasing number of surgeries can be attributed to several factors, such as advancements in medical technology, greater awareness and access to healthcare, an aging population with more complex health needs, and evolving surgical techniques that allow for safer and more effective treatments. Epidural anesthesia disposable device minimizes the risk of cross-contamination and infection, enhancing patient safety and streamlining the surgical process by ensuring that each patient receives a sterile, single-use device. For instance, in April 2022, according to a report published by the Aesthetic Society, a US-based organization, the average plastic surgeon performed 320 surgical procedures in 2021, compared with 220 in 2020. Therefore, the growing number of surgeries drives the epidural anesthesia disposable device market.
Major companies operating in the epidural anesthesia disposable device market are focused on developing innovative products and getting them approved by the U.S. Food and Drug Administration to ensure enhanced patient safety and efficacy. The developments aim to address the growing demand for minimally invasive pain management solutions as healthcare providers seek to improve patient outcomes while minimizing complications associated with traditional anesthesia methods. For instance, in May 2023, Omeq Medical, an Israel-based medical technology company, received FDA clearance for its EpiFinder device. This device is designed to assist physicians in accurately positioning an epidural needle during the standard Loss of Resistance (LOR) technique used for administering epidural anesthesia.
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Major Key Players of the Market:
Baxter International Inc., Medline Industries Inc., B. Braun Melsungen AG, Smiths Medical Inc., Teleflex Incorporated, Halyard Health, Sarstedt Inc., Vygon Ltd., Vogt Medical Vertrieb GmbH, Romsons International, Narang Medical Limited, sfm medical devices GmbH, PAJUNK, Egemen International , Balton Ltd., Epimed International, Inc., Troge Medical GmbH, Becton, Dickinson and Company, Hull Anesthesia Inc., Zhejiang Fert Medical Device
Epidural Anesthesia Disposable Device Market 2024 Key Insights:
• The epidural anesthesia disposable devices market size is expected to see rapid growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Impact Of Growing Surgeries On Epidural Anesthesia Devices
• Innovative EpiFinder Device Enhances Safety And Accuracy In Epidural Needle Placement
• North America was the largest region in the epidural anesthesia disposable device market in 2023
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