New York, NY -- (SBWIRE) -- 04/16/2021 -- The Anesthesia CO2 Absorbent Market size is projected to reach USD 114.7 Million from USD 61.7 Million in 2019, delivering a CAGR of 8% through 2027. The market growth is driven by the rising incidence and growing prevalence of accidents and chronic ailments and the growth of the geriatric population base globally. The World Health Organization estimates that nearly 65 million people suffer from chronic obstructive pulmonary disease. It is the third most leading cause of global death and leads to 3 million deaths every year globally.

CO2 absorbents are primarily used for the absorption of the exhaled gases during the administration of anesthesia. Several governing institutes, including the CEA, The Centers for Disease Control and Prevention, and Anesthesia Patient Safety, have enforced safety parameters and guidelines, which is supporting the adoption of anesthesia CO2 absorbents.

With the outbreak of the COVID-19 pandemic, the demand for critical life-saving material supplies, tools, and equipment is escalating. The growing demand for anesthesia CO2 absorbents in mechanical ventilators for breathing circuit is likely to boost anesthesia CO2 absorbent market growth over the forecast period.  

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 Further key findings from the report suggest

Based on type, the premium absorbent segment is estimated to witness the fastest growth rate of 8.8% through 2027. The robust growth can be attributed to high product demand as it incorporates proprietary formulations containing catalysts that don't react with common inhaled anesthetic agents.
On the basis of product type, the amsorb segment is anticipated to register a CAGR of 8.6% over the analysis period on account of the impressive characteristic of the product to disallow the formation of toxic products on exposure to volatile anesthetic agents.
On the basis of form, the powdered form is forecast to witness the maximum growth over the analysis period.
Based on end-use, the hospital segment dominated the global anesthesia CO2 absorbent market in 2019 and is forecast to grow at 7.6% through 2027. The robust growth can be attributed to the availability of well-resourced operating rooms, highly skilled healthcare professionals, better health coverage plans for hospital-based healthcare services, and higher purchasing power to source advanced medical tools and equipment.
In the regional landscape, North America accounted for the majority of the anesthesia CO2 absorbent market in 2019 and is projected to register gains at 7.6% through 2027. The exponential growth can be attributed to the rise in the number of surgeries, coupled with favorable government regulations to promote medical tourism in the region.
The Asia Pacific region is projected to exhibit a growth rate of 8.6% over the projected timeframe on account of the growing demand for surgical microscopes in emerging economies, such as India and China, with the prevalence of target conditions, rising healthcare standards, and increasing healthcare expenditure in the region.
Key players operating in the global anesthesia CO2 absorbent market are GE Healthcare, Armstrong Medical, Drager Medical GmbH, CareFusion, Smiths Medical, Allied Healthcare, Micropore, Molecular Products Group, Intersurgical, Thomasnet, and SCL International, among others.

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For the purpose of this study, Reports and Data has segmented the global anesthesia CO2 market on the basis of product type, type, form, end-user, and region:

Product Type Outlook (Revenue, USD Million; 2017-2027)

Soda Lime
Medisorb
Dragersorb
Amsorb
Litholyme
Others

Type Outlook (Revenue, USD Million; 2017-2027)

Traditional
Premium

Form Outlook (Revenue, USD Million; 2017-2027)

Granular Form
Powered Form (Bounded by Polymer)

End-User Outlook (Revenue, USD Million; 2017-2027)

Hospitals
Clinics

Regional Outlook (Revenue in USD Billion; 2017–2027)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2017-2027

Chapter 3. Indicative Metrics

Chapter 4. Anesthesia CO2 Absorbent Segmentation & Impact Analysis

    4.1. Anesthesia CO2 Absorbent Material Segmentation Analysis

    4.2. Industrial Outlook

…………..

Chapter 10. Competitive Landscape

    10.1. Market Revenue Share by Manufacturers

    10.2. Manufacturing Cost Breakdown Analysis

    10.3. Mergers & Acquisitions

    10.4. Market positioning

    10.5. Strategy Benchmarking

    10.6. Vendor Landscape

Chapter 11. Company Profiles

    11.1. GE Healthcare

           11.1.1. Company Overview

           11.1.2. Financial Performance

           11.1.3. Technology Insights

           11.1.4. Strategic Initiatives

    11.2. Drager Medical Gmbh

           11.2.1. Company Overview

           11.2.2. Financial Performance

           11.2.3. Technology Insights

           11.2.4. Strategic Initiatives

    11.3. Armstrong Medical

           11.3.1. Company Overview

           11.3.2. Financial Performance

           11.3.3. Technology Insights

           11.3.4. Strategic Initiatives

    11.4. Smiths Medical

           11.4.1. Company Overview

           11.4.2. Financial Performance

           11.4.3. Technology Insights

           11.4.4. Strategic Initiatives

    11.5. CareFusion

           11.5.1. Company Overview

           11.5.2. Financial Performance

           11.5.3. Technology Insights

           11.5.4. Strategic Initiatives

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Anesthesia CO2 Absorbent market and its competitive landscape.

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