The global anesthesia and respiratory devices market size reached US$ 43.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.02% during 2023-2028.
Anesthesia and respiratory devices aid in enhancing the care of patients suffering from acute and chronic respiratory diseases. They also assist in improving the performance of diagnostic, therapeutic, and monitoring functions. They comprise dosing units, respiratory devices, and monitoring equipment. They facilitate automatic adjustment of inhalation and exhalation as per the requirement of patient. As a result, anesthesia and respiratory devices are utilized in hospitals, clinics, home care settings, and ambulatory and dialysis centers.
Anesthesia and Respiratory Devices Market Trends:
- The increasing prevalence of respiratory disorders and other ailments, such as chronic obstructive pulmonary disease (COPD), asthma, and tuberculosis, among the masses represents one of the major factors positively influencing the demand for anesthesia and respiratory devices worldwide. It can also be attributed to the rising geriatric population, which is more susceptible to these medical conditions. In addition, the growing incidences of airborne diseases and the increasing air pollution levels are contributing to the market growth. It can also be accredited to the growing number of smokers and alcohol consumption due to hectic lifestyles. Moreover, the rising number of fatal road accidents is resulting in severe injuries, which is catalyzing the demand for anesthesia and respiratory devices across the globe. Apart from this, there is an increase in the uptake of health insurance policies that provide financial assistance for various medical treatments to minimize healthcare expenses. Along with this, the growing preference for minimally invasive (MI) surgical procedures among patients and healthcare professionals is creating a positive outlook for the market. Furthermore, significant improvements in the healthcare infrastructure, improved diagnostic technologies, and research and development (R&D) activities by key players for introducing novel devices are anticipated to offer lucrative growth opportunities to industry investors.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global anesthesia and respiratory devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
- Anesthesia Devices
- Anesthesia Delivery Machines
- Anesthesia Disposables and Accessories
- Anesthesia Monitors
- Anesthesia Information Management Systems
- Respiratory Devices
- Therapeutic Devices
- Masks
- Ventilators
- Nebulizers
- Humidifiers
- Oxygen concentrators
- Inhalers
- Reusable Resuscitators
- Nitric Oxide Delivery Units
- Capnographs
- Gas Analyzers
- Oxygen Hoods
- Monitoring Devices
- Diagnostic Devices
- Spirometers
- Polysomnography (PSG) Devices
- Peak Flow Meters
- Consumables and Accessories
- Disposable Resuscitators
- Tracheostomy Tubes
- Nasal Cannulas
- Disposable Masks
- Others
Breakup by End User:
- Hospitals
- Clinics
- Homecare Settings
- Ambulatory Service Centers
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Becton, Dickinson and Company, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, GE HealthCare (General Electric), Getinge AB, Hamilton Medical (Hamilton Bonaduz AG), ICU Medical Inc., Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, SunMed LLC and Teleflex Incorporated.
Key Questions Answered in This Report:
- How has the global anesthesia and respiratory devices market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global anesthesia and respiratory devices market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global anesthesia and respiratory devices market and who are the key players?
- What is the degree of competition in the industry?