Rapid Growth Predicted in Anesthesia and Respiratory Devices Market, Targeting US$ 68.58 Billion by 2028
Growing population with respiratory diseases including chronic ailments is a key driver for the clinical demand for anesthesia and respiratory devices market. Advancements in anesthesia and respiratory devices are especially benefitting patients in intensive care units and those undergoing surgeries and treatment for chronic pulmonary diseases. The global anesthesia and respiratory devices market valuation is projected to reach US$ 68.58 Bn by 2028.
The introduction of next-age anesthesia machines is likely to significantly enrich the practice of anesthesiology, especially for intensive care unit patients, which will shape the winning imperatives for med-tech companies in the anesthesia and respiratory devices market. The authors of an in-depth report on the market observed that several companies have expanded their product portfolio on the lines of technologically-advanced components of the respiratory equipment.
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Key Findings of Anesthesia and Respiratory Devices Market Study
- Adoption of Portable & Easy-to-devices in Different Healthcare Settings to Create New Revenues: Med-tech companies in the anesthesia and respiratory devices market are keenly improving the various machines that are integrated with modern anesthesia workstations. Emerging requirements of anesthesia practices in different healthcare settings especially in the ICUs and emergency care units are stimulating various companies to expand their product portfolio. Of note, the growing adoption of portable and easy-to-use devices among clinicians is propelling technological advancements in the anesthesia and respiratory devices market.
- Public Health Burden of COPD and Other Pulmonary Diseases Bolstered Uptake: The growing incidence of chronic pulmonary diseases has especially influenced the product developments for companies in the anesthesia and respiratory devices market. The prevalence of COPD especially in older adults in several developing and developed economies has expanded the horizon for players to capitalize on lucrative avenues steadily during the forecast period. The authors of an in-depth TMR study on the dynamics of the anesthesia and respiratory devices market have observed that growing awareness about the health burden of pulmonary diseases has bolstered the revenue prospects. Progressive aging of the global population will open up new frontiers in anesthesia and respiratory devices market. Of note, state-of-the art anesthesia and respiratory diseases will play a crucial role in extending the canvas for med-tech companies to grow their stakes.
Anesthesia and Respiratory Devices Market: Key Drivers
- High public health burden of chronic obstructive pulmonary disease (COPD) has increasingly shaped the product developments in the market. COPD is one of the common causes of death worldwide. Chronic pulmonary diseases have attracted special attention among med-tech companies in the anesthesia and respiratory devices market.
- Rise in incidence of lung pathologies is associated closely with aging. Thus, rapidly increasing aging population over the past few years has propelled the revenue potential, observed the analysts of an in-depth study on the anesthesia and respiratory devices market.
Anesthesia and Respiratory Devices Market: Key Players
Some of the prominent players in the anesthesia and respiratory devices market are Teleflex Incorporated, Smiths Medical, Philips Healthcare, GE Healthcare, Fisher & Paykel Healthcare, Getinge Group, Draegerwerk AG & Co. KGaA, Covidien plc, CareFusion Corporation, B. Braun Melsungen AG, and AirSep Corporation.
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Global Anesthesia and Respiratory Devices Market: Segmentation
Anesthesia and Respiratory Devices Market, by Product Type
- Product Type
- Anesthesia Devices
- Anesthesia Machines
- Anesthesia Workstations
- Anesthesia Ventilators
- Anesthesia Monitors
- Anesthesia Delivery Machines
- Anesthesia Disposables
- Anesthesia Masks
- Anesthesia Accessories
- Respiratory Devices
- Respiratory Equipment
- Humidifiers
- Nebulizers
- Positive Airway Pressure Devices
- Oxygen Concentrators
- Reusable Resuscitators
- Ventilators
- Respiratory Inhalers
- Respiratory Disposables
- Disposables Oxygen Masks
- Resuscitators
- Tracheostomy Tubes
- Oxygen Cannula
- Respiratory Measurement Devices
- Pulse Oximeter Systems
- Capnographs
- Spirometers
- Peak Flow Meters
- End-user
- Hospitals
- Specialty Centers
- Others
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