Global anesthesia and respiratory devices market was valued US$ 15.12 Bn in 2017 and is expected to reach US$ 32.6 Bn by 2026, at a CAGR of 10.08 % during a forecast period.
Global anesthesia and respiratory devices marketAnesthesia devices are used in all types of surgical procedures to control pain, breathing, blood pressure, blood flow, and heart rate & rhythm as well as to provide an accurate & constant supply of medical gases mixed with anesthetic vapors. Respiratory devices are used to remove mucus from the respiratory airways & thus improve pulmonary function.
The rise in the occurrence of respiratory diseases, speedy urbanization, an increase in the number of surgical procedures is boosting the market growth. Rise in pollution level, growing elderly population, and growth in tobacco consumption is also propelling the growth of the global anesthesia and respiratory devices market.
Growing healthcare expenses, medical service sector, and developing economies provide key opportunities of the global anesthesia and respiratory devices market. However, low assumption rate of new technologies owing to unwillingness from the physicians for treatment is limiting the growth of the market.
Respiratory equipment is estimated to grow the highest share of market owing to the increase in demand for positive airway pressure devices and pulse oximeters. Respiratory protective equipment is used to protect the wearer from a variety of airborne dangers in the form of a gas, fume, mist, dust, and vapour.
North America is expected to grow at the largest share of the global anesthetic and respiratory devices market followed by the Asia Pacific, Europe owing to the technological advancement in all product fields. Advanced disposable income along with high responsiveness level between people with respect to food and health is also boosting the market share in the region. The Asia Pacific is the second largest market share owing to the increase in demand from developing nations such as India and China, followed by the market in Europe.
The key player operating in the global anesthesia and respiratory device market are Fisher & Paykel Healthcare, Invacare, GE Healthcare, Teleflex, Philips Healthcare, Drägerwerk AG, Medtronic, Smiths Medical, OSI systems, Getinge AB, SunMed, ResMed Inc., Masimo Corporation, Koninklijke Philips N.V., Hamilton Medical AG, Becton, and 3M Company.
The report covers a comprehensive study of major market drivers, restrains, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
The Scope of Global Anesthesia and Respiratory Devices Market:
Global Anesthesia and Respiratory Devices Market, By Product Type:
• Anesthesia Devices
• Anesthesia Machines
• Anesthesia Disposables
• Respiratory Devices
• Respiratory Equipment
• Respiratory Disposables
• Respiratory Measurement Devices
Global Anesthesia and Respiratory Devices Market, By End User:
• Ambulatory Surgical Centers
• Homecare Settings
Global Anesthesia and Respiratory Devices Market, By Region:
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Global Anesthesia and Respiratory Devices Market:
• Fisher & Paykel Healthcare
• GE Healthcare
• Philips Healthcare
• Drägerwerk AG
• Smith’s Medical
• OSI systems
• Getinge AB
• ResMed Inc.
• Masimo Corporation
• Koninklijke Philips N.V.
• Hamilton Medical AG
• 3M Company