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Global Anaesthesia And Respiratory Devices Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The global anaesthesia and respiratory devices market valued 32.3 billion USD in 2020 and is expected to reach 66.0 billion USD by 2030 with the CAGR of 7.4% during the forecast period.Anaesthesia devices are those devices that are used mainly during surgeries to induce coma. They provide an appropriate and uninterrupted supply of medical gases mixed with anaesthetic vapour which serves the purpose of an induced coma. The application of anaesthesia in patients results in loss of sensation or awareness. Anaesthesia devices can control conditions like pain, breathing, blood flow, blood pressure, and heart rate. Respiratory devices aid in improving pulmonary functions by eliminating mucus from the respiratory airways. They are mainly used in the diagnosis and treatment of respiratory diseases like chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, pneumonia, and others. Respiratory devices are leading the market when compared to anaesthesia devices because of their wide usage and the limited usage of anaesthetic devices due to limited number of end-users. Initially, anaesthesia and respiratory devices were developed for operating purposes only. However, rising awareness amongst people and technological advancements have enabled the usage of these devices in post-operative care units, delivery rooms, and critical care units and enhanced their market demand.
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Market Dynamics and Factors:
The growing geriatric population in developed and developing countries, increasing tobacco consumption resulting in occurrence of chronic respiratory diseases; rising number of surgeries; increased healthcare expenditure; and rising demand in home healthcare. These factors contribute significantly towards the growth of anaesthesia and respiratory devices market. Furthermore, rapid urbanisation and industrialisation has led to the rise in the air pollution levels which further leads to chronic respiratory diseases and enhances the market growth of anaesthesia and respiratory devices. For instance, according to World Health Organisation in 2016, around 251 million cases of chronic obstructive pulmonary disorder (COPD) were reported. Technological advancements and rising innovations in the development of anaesthesia and respiratory devices are going to fuel the market growth in the near future. For instance, B. Braun Medical Inc. made an announcement of introducing Clorotekal, which is a U.S Food & Drug Administration approved anaesthetics for spinal anaesthesia. However, certain factors like high costs involved in the installation and maintenance of anaesthesia and respiratory devices; stringent regulations for the adoption of anaesthetic devices; and low adoption rate in underdeveloped economies are restraining the growth of the anaesthesia and respiratory devices market.
Market Segmentation:
Global Anaesthesia And Respiratory Devices Market – By Product Type
Anaesthesia Machines
Delivery Machines
Monitors
Ventilators
Workstations
Anaesthesia Disposables
Disposable Masks
Disposable Accessories
Respiratory Machines
Equipment
Ventilators
Nebulizers
Humidifiers
Inhalers
Oxygen Concentrators
Reusable Resuscitators
Respiratory Measurement Devices
Pulse Oximeters
Capnographs
Spirometers
Peak Flow Meters
Respiratory Disposables
Disposable Oxygen Masks
Resuscitators
Tracheostomy Tubes
Oxygen Cannula
Global Anaesthesia And Respiratory Devices Market – By End-User
Hospitals
Ambulatory Service Centres
Homecare
Clinics
Global Anaesthesia And Respiratory Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global anaesthesia and respiratory devices market in the forecast period in terms of market share. Factors such as rising geriatric population; growing healthcare expenditure; high adoption rate of technologically advanced devices; and increasing investments of major players of the anaesthesia & respiratory devices market are the key factors attributing to the market dominance of the region. For instance, almost 12 million people in the U.S suffer from COPD. The Asia Pacific region is expected to witness maximum growth during the forecast period. Major countries like China, Japan, and India are going to be key contributors for the market growth of anaesthesia and respiratory devices in the APAC region. For instance, according to the International Journal of Pulmonary and Respiratory Sciences in 2016, COPD is the second largest cause of death in India.
Competitive Scenario:
The key players operating in the global anaesthesia and respiratory devices market are –
GE Healthcare, Philips Healthcare, Covidien, Teleflex Inc., Pfizer, Johnson & Johnson, Draegerwerk AG, AstraZeneca, Hamilton Medical AG, Invacare Corporation, Masimo Corporation, Dickson & Company.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Anaesthesia And Respiratory Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Anaesthesia And Respiratory Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Anaesthesia And Respiratory Devices Market most.
The data analysis present in the Global Anaesthesia And Respiratory Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Anaesthesia And Respiratory Devices Market business.
The 2021 Annual Global Anaesthesia And Respiratory Devices Market offers:
100+ charts exploring and analysing the Global Anaesthesia And Respiratory Devices Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Anaesthesia And Respiratory Devices Market type
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