The Global Anesthesia and Respiratory Devices Market is forecast to reach USD 57.29 Billion by 2032 Advancement in technology is forecast to propel the market in the coming years. Manufacturers involved in patient care through the integration of patient monitors, wireless devices, innovative parameters, and integrated IT solutions drives the market further. These advancements enable clinicians and anesthesiologists to offer customized services to end-users.
Increase in respiratory diseases, patient’s desire for fewer days in hospital and funding by the government is driving the market. Aging is another factor driving the market as it is the major reason for sleep apnea disorders. Factors such as rapid urbanization, increase in geriatric population, rise in pollution, an increase in tobacco consumption, and growth in surgical procedures are also encouraging the growth of the market.
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Factors such as innovations in respiratory care devices and government support for the launch of these devices also boost the market. High demand for anesthesia and respiratory devices will also propel market growth. Growing demand for therapeutic devices for homecare and increase in expenditure in healthcare will provide ample opportunities for the growth of the market.
However, a large group of the undiagnosed population, the low adoption rate of new technologies, and concerns for the effect of certain therapeutic and diagnostic devices on infants and children will restrict the growth of the market.
North America dominates the market of anesthesia and respiratory devices. High per capita income and awareness of health in the developed region is fueling the market in this region. One of the leading cost of death in North America is chronic obstructive pulmonary disease (COPD). This increases the demand for the product. Increasing investment in healthcare by the government will also encourage the growth of the market
Key Coverage of the Report
- Estimation of the market size along with historical and forecasted trend analysis.
- Various types of alternatives available have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.
- The regulatory framework of each region.
- Regional up-coming research and application outlook.
- Status of on-going developments.
- Regional prevalence of ambulatory care services has been mapped.
- Demand and Supply GAP Analysis
- Regional Competitors Pricing Strategy
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments.
Salient Trends of the Anesthesia and Respiratory Devices Market
- The Anesthesia and Respiratory Devices market is expected to grow at a rate of 6.4% in terms of value and reach USD 30 Billion in 2032.
- Non-invasive stimulators are forecasted to grow with an annual growth rate of 6.9% throughout the forecast period.
- Wearable Devices are forecasted to hold a market share of 28% in the year 2032. Wearable objects are tagged by RFID (radio-frequency identification) that monitor the respiration and health of people wearing them.
- Anesthesia Delivery Machines aids in providing drugs to patients in pain. It transfers constant and accurate supply of medical gases and anesthetic vapor at desired pressure and flow. It held a market share of 27% in the year 2023.
- Anesthesia Disposables & Accessories is forecasted to hold a market share of 27% in the year 2032. They include head frame, oxygen analyser, warmidifer, pressure reducer, aerosol therapy, flowmeter among many other things.
- Monitoring Devices are forecasted to have the highest market growth rate of 7.3% throughout the forecast period. These include pulse oximetry, capnography, and thoracic transducer belt.
- Parkinson’s disease is forecasted to hold a market share of 20% in the year 2032. Most patients experience morbidity and even mortality as dysfunction in Parkinson’s. Many patients often take help of anesthetic and respiratory devices for treatment.
- North America dominates the market of Anesthesia and Respiratory Devices with a market share of 28% in the year 2023. Presence of key healthcare companies is among the primary reason for the development of the product in this region.
Companies considered and profiled in this market study
Ambu S/A, 3M Company, Becton, Dickinson and Company, Drägerwerk AG & Co., KGaA, Chart Industries Inc., Surgical Care Affiliates, Fisher & Paykel Healthcare Limited, GE Healthcare, Hamilton Medical AG, Invacare Corporation, Masimo Corporation, and ResMed Inc.,
The companies have adopted various strategies including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
- The valuation for Anesthesia and Respiratory Devices market was USD 34.99 Billion in 2023, and it is forecasted to reach USD 57.29 Billion by 2032.
- Brain Computer Interface held a market share of 23% in the year 2023.
- Anesthesia Monitors is forecasted to grow with an annual growth rate of 6.4% throughout the forecast period. It tracks vital signs such as NNIBP (non-invasive blood pressure), temperature and SPO2 (oxygen saturation in the arteries).
- Higher end monitors can have added features that monitor EKG (electrocardiogram), IBP (invasive blood pressure), CO2 (carbon dioxide), and 5 agent gas.
- Traumatic Brain Injury is forecasted to have the highest market growth rate of 7.1% throughout the forecast period. The patient is often sedated and monitored with monitoring devices in order to secure a stable PaCO2 (partial pressure of carbon dioxide).
- Diagnostic Devices is forecasted to hold a market share of 26% in the year 2032. It is used to identify the nature of a certain phenomenon, generally related to a medical condition.
- Examples of diagnostic devices are magnetic resonance imaging apparatuses, temperature sensors or pacemakers.
- Asia Pacific is forecasted to grow with the highest CAGR of 7.4% throughout the forecast period. Growing prevalence of tuberculosis and asthma in Asia Pacific and increasing pollution level in China, Japan and India will propel the growth of the market in this region.
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2032. For the purpose of this report, Reports and Data have segmented the global Anesthesia and Respiratory Devices Market on the basis of Product, Respiratory Devices, Anesthesia Devices, Application, End Users and Region:
Product Outlook (Revenue, USD Billion; 2023-2032)
- Neuro-robotic Systems
- Brain Computer Interface
- Non-invasive Stimulators
- Wearable Device
Anesthesia Devices Outlook (Revenue, USD Billion; 2023-2032)
- Anesthesia Delivery Machines
- Anesthesia Disposables & Accessories
- Anesthesia Monitors
- Anesthesia Information Management Systems
Respiratory Devices Outlook (Revenue, USD Billion; 2023-2032)
- Therapeutic Devices
- Monitoring Devices
- Diagnostic Devices
- Consumables & Accessories
Application Outlook (Revenue, USD Billion; 2023-2032)
- Cerebral Palsy
- Parkinson’s disease
- Spinal Cord Injury
- Traumatic Brain Injury
End Users Outlook (Revenue, USD Billion; 2023-2032)
- Cognitive Care Centers
- Research Institutes
- Other End User
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Asia Pacific
- Latin America
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