Epidural Anesthesia Disposable Devices Market Analysis | CMI

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2. EPIDURAL ANESTHESIA DISPOSABLE DEVICES MARKET ANALYSIS • Epidural Anesthesia Disposable Devices Market, by Product Type (Continuous Epidural Tray, Single Dose Epidural Tray, Epidural Anesthesia Needles, and Others), by Age Group (Adults, and Pediatrics), by End User (Hospitals, Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 • The global epidural anesthesia disposable devices market was valued at US$ 1,056.5 million in 2018, and is expected to exhibit a CAGR of 9.3% over the forecast period (2019-2027).

3. Figure 1. Global Epidural Anesthesia Disposable Devices Market Value (US$ Mn), by Region, 2018

4. Market Drivers • Rising adoption of epidural anesthesia for performing delivery is expected to boost growth of the Epidural Anesthesia Disposable Devices Market • Rising adoption of epidural anesthesia in cesarean deliveries to ease pain is expected to propel the market growth over the forecast period. For instance, according to the National Health Service (NHS) Maternity Statistics, October 2018, nearly 100,000 emergency cesarean deliveries were carried out in England, U.K., among these 21% deliveries were undertaken with epidural anesthesia during 2017-2018.

5. Increasing focus of key players to enhance their production facility and to expand their geographical footprint to cater to rising demand for safe and efficient pain management during labor and surgeries are expected to drive the market growth during the forecast period. For instance, in July 2019, Sarstedt Inc., started construction of a medical equipment manufacturing plant in the Maryino industrial park in St. Petersburg, Russia. Commercial production of the plant is scheduled to begin in May 2022. Furthermore, in December 2016, Sarstedt Inc., invested US$ 6 million for expanding its Newton production facility, U.S. With this expansion, company increased its injection molding and assembly operation capacities. • Increasing product launches by key players is expected to boost growth of the epidural anesthesia disposable devices market over the forecast period. For instance, in December 2017, Becton, Dickinson and Company launched BD Pyxis Anesthesia Station ES platform at American Society of Health-system Pharmacists (ASHP) mid-year meeting held at Orlando, U.S. BD Pyxis offers medication safety and anesthesia workflow efficiency in the operating room. This solution helps to control access to medication, standardizes medication management, and supports regulatory compliance.

6. Figure 2. Global Epidural Anesthesia Disposable Devices Market Share (%), by Age Group, 2019 and 2027

7. Epidural Anesthesia Disposable Devices Market - Regional Analysis • North America epidural anesthesia disposable devices market is expected to account for the largest market share over the forecast period, owing to rising adoption of epidural anesthesia during labor and product approvals in the region. For instance, according to the Government of Canada statistics, usage of epidural anesthesia increased from 53.2% in 2006 and 2007 to 57.8% in 2015 and 2016 in Canada. Moreover, in May 2019, Flat Medical, a medical technology company specialized in clinical safety solutions, received the U.S. FDA clearance for EpiFaith syringe to deliver safe epidural anesthesia to patients. This syringe is designed to prevent accidental dural puncture. • Moreover, Europe is expected to account for significant market share in the global epidural anesthesia disposable devices market over the forecast period, owing to increasing demand for epidural anesthesia for pain management and rising product approvals in the region. For instance, in 2018, according to the World Health Organization, epidural anesthesia was recommended for healthy pregnant women requesting pain relief during labor in Europe. Moreover, in October 2018, Flat Medical, a medical technology company specialized in clinical safety solutions, received the CE certification for EpiFaith for usage in epidural procedures.

8. Key Players • Major players operating in the global epidural anesthesia disposable devices market include B. Braun Melsungen AG, Becton, Dickinson and Company, Teleflex Incorporated, Smiths Medical, Sarstedt, Inc., Epimed, Egemen International, SFM Medical Devices, VOGT Medical, Vygon, and Flat Medical.

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