The Anesthesia And Respiratory Devices by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Anesthesia And Respiratory Devices, The anesthesia and respiratory devices market size has grown rapidly in recent years. It will grow from $57.98 billion in 2023 to $64.96 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased prevalence of respiratory diseases, coronavirus pandemic, increased number of surgical procedures, and strong economic growth in emerging markets, increased healthcare expenditure, and growing aging population.
The anesthesia and respiratory devices market size is expected to see rapid growth in the next few years. It will grow to $99.53 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increasing prevalence of obstructive sleep apnea, technological advances, increasing use of tobacco smoking, rise in healthcare expenditure and increasing geriatric population . Major trends in the forecast period include producing smart inhalers, manufacturing pclc devices, consider investing in the research and development of wearable respiratory devices, launching new innovative products, producing portable respiratory devices and others. player-adopted strategies in the anesthetics and respiratory devices market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.
The increased prevalence of respiratory diseases is expected to drive the growth of the anesthesia and respiratory devices market. Respiratory disease refers to medical conditions that interfere with breathing and gas exchange by affecting the organs and tissues of the lungs and airway systems. Anesthesia and respiratory equipment are integral to the treatment of respiratory diseases such as tuberculosis by facilitating necessary medical procedures, ensuring patient comfort and safety, and aiding in the monitoring and management of the disease. For instance, in October 2022, according to the Global Tuberculosis Report published by the World Health Organization, a Switzerland-based global health agency, the global incidence of tuberculosis (TB) was estimated at 10.6 million cases, with a rate of 134 cases per 100,000 population in 2021, an increase of 4.5% from 10.1 million in 2020. The majority of TB cases were reported in the Southeast Asia region, accounting for 45% of the total, followed by Africa with 23% of the cases in 2021. Therefore, the increased prevalence of respiratory diseases will propel the growth of the anesthesia and respiratory devices market going forward.
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The anesthesia and respiratory devices market covered in this report is segmented –
1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
5) By Gender: Male, Female
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
The preference for wearable and portable medical devices is increasing and companies in the anesthesia and respiratory devices market are developing wearable respiratory devices to improve patient monitoring. Wearable respiratory devices are mainly worn on the torso and are used to calculate the patient’s breathing rate by measuring movements of the chest wall. They are available in various forms such as small dimensional sensors, belts, and band-aid-like devices. These devices are usually connected to specialty smartphone apps that capture and interpret data and store the data in cloud data repositories focusing on main areas of respiratory healthcare including pulse oximetry, pulmonary ventilation, air quality assessment, and activity tracking. Wearable respiratory devices reduce the workload of healthcare providers, improve the efficiencies of diagnostics, reduce costs incurred by patients in regular checkups and improve patients’ comfort. For instance, researchers at the University of California and Khine Labs are investing in major research projects to develop comfortable wearables for patients suffering from respiratory diseases.
The anesthesia and respiratory devices market report table of contents includes:
1. Executive Summary
2. Anesthesia And Respiratory DevicesMarket Characteristics
3.Anesthesia And Respiratory Devices Market Trends And Strategies
4.Anesthesia And Respiratory Devices market analysis
5.Anesthesia And Respiratory Devices Market Size And Growth
6.Anesthesia And Respiratory Devices Segmentation
7.Anesthesia And Respiratory Devices Regional And Country Analysis
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27.Anesthesia And Respiratory Devices Competitive Landscape And Company Profiles
28.Anesthesia And Respiratory Devices Key Mergers And Acquisitions
29.Anesthesia And Respiratory Devices Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- ResMed Inc.
- Koninklijke Philips N.V.
- General Electric Company
- Cardinal Health Inc.
- Medtronic PLC
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