The Business Research Company’s latest report Anesthesia And Respiratory Devices Global Market Report 2020 covers Anesthesia And Respiratory Devices market drivers, Anesthesia And Respiratory Devices market trends, Anesthesia And Respiratory Devices market segments, Anesthesia And Respiratory Devices market growth rate, Anesthesia And Respiratory Devices market major players, and Anesthesia And Respiratory Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Anesthesia And Respiratory Devices industry, along with revised market numbers due to the effects of the coronavirus.
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Anesthesia And Respiratory Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global anesthesia and respiratory devices market is expected to grow from $22.9 billion in 2019 to $36.4 billion in 2020 at a compound annual growth rate (CAGR) of 58.9%. The anesthesia and respiratory devices market witnessed significant growth mainly due to the COVID-19 outbreak. The fact that COVID-19 is essentially a respiratory ailment has boosted the market growth. There is an increased demand for respiratory devices such ventilators, nebulizers, pulse oximeters and spirometers since oxygen therapy is a major intervention for patients with severe COVID-19 infection, and this factor is contributing to the market growth. In order to compensate for lack of ventilators due to the huge demand and short supply, hospitals have started to convert anesthesia machines into breathing machines. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $34.5 billion in 2023.
The report covers the Anesthesia And Respiratory Devices market’s segments-
1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type Of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
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