Global anesthesia CO2 absorbent market is expected to reach USD 112.14 Million by 2026, at a CAGR of 8.94% from 2019 to 2026. Growing incidence of chronic illnesses and rising number of people undergoing surgical procedures are driving the global anesthesia CO2 absorbent market.
The absorption of carbon dioxide is compulsory in closed and semi-closed circle breathing systems. The elimination of CO2 from exhaled gases is accomplished through chemical neutralization in transparent canisters containing CO2 absorbent granules. The ideal CO2 absorbent exhibits high efficiency, low airflow resistance, no toxicity or reactions with inhalation anesthetics and low cost. An effective carbon dioxide absorption prevents CO2 rebreathing and the development of hypercapnia. A few kinds of carbon dioxide sponges are utilized today. Each type has a different degree of efficiency for CO2 elimination. Thus, emphasis on safe administration of anesthesia and rapid development of grassroots medical facilities in the developing economies of the world are anticipated to drive the global anesthesia CO2 absorbent market over the forecast period.
Global Anesthesia CO2 Absorbent Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The global anesthesia CO2 absorbent market has been segmented on the basis of product type, and end user.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The North America region emerged as the largest market for the anesthesia CO2 absorbent with a 39.25% share of market revenue in 2018.
Global Anesthesia CO2 Absorbent Market Competitive Analysis:
Key players in the global Anesthesia CO2 Absorbent market are GE Healthcare, Smiths Medical, CareFusion (Becton Dickinson and Co.), Armstrong Medical, Drager Medical GmbH, King Pharmaceuticals, Allied Healthcare Products, Molecular Products, Micropore, and Medisize among others. In order to increase their market footprint and effectively participate in the highly competitive market, major players are increasingly taking the merger and acquisitions route. For instance in 2018, Molecular Products Group announced the acquisition of the SODASORB® business from Henkel. The SODASORB® product range includes carbon dioxide absorbents which have been trusted globally for decades in the healthcare and safety industries. SODASORB® products help to safely and efficiently remove carbon dioxide from anesthesia systems, saturation diving chambers, diving re-breathers, and industrial safety equipment.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global anesthesia CO2 absorbent market on the basis of below mentioned segments:
Global Anesthesia CO2 Absorbent Market by Product Type:
Global Anesthesia CO2 Absorbent Market by End User:
Global Anesthesia CO2 Absorbent Market by Region:
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