Anesthesia and Respiratory Devices Market to Surpass US$ 44.2 Billion, Globally, by end of 2027 - Coherent Market Insights

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Mar 02, 2020, 10:34 ET

SEATTLE, March 2, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global anesthesia and respiratory devices market is estimated to be valued at US$ 27.6 billion in 2019, and is expected to exhibit a CAGR of 6.1% over the forecast period (2019-2027).

Increasing product launches by manufacturers is expected to propel the global anesthesia and respiratory devices market growth over the forecast period. For instance, in May 2018, Getinge AB, launched the Flow-c Anesthesia Machine in Euroanaesthesia Congress (ESA) in Copenhagen, Denmark.

Key players are also focused on expansion of their anesthesia and respiratory devices portfolios, which is expected to drive the global anesthesia and respiratory devices market growth over the forecast period. For instance, in April 2018, Vyaire Medical a portfolio company Apax Partners acquired Acutronic Medical System, a Swiss and German provider of neonatal ventilation equipment.

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Moreover, in January 2017, Beximo Pharmaceutical, entered into joint venture with BioCare Manufacturing, in order to manufacture and supply respiratory inhaler under the Malaysia Government's Economic Transformation Program.

Furthermore, in August 2016, Boehringer Ingelheim and Qualcomm Life Inc., both collaborated with each other to develop a connectivity solution for the Respimat inhaler, to help improve COPD treatment outcomes.

Restraints of Global Anesthesia and Respiratory Devices Market

The factor restraining the market growth include increasing product recalls. For instance, in December 2018, Draeger Medical, Inc., recalled its product VentStar, and ID Breathing Circuits and Anesthesia Sets as the devices were incorrectly assembled, resulting in a short-circuit in the breathing hose. Moreover, in September 2016, Nonin Medical, Inc, recalled 8500M Handheld Pulse Oximeter, as some devices did not have the correct pulse oximetry board with the integrated memory feature.

Key Market Takeaways:

The anesthesia and respiratory devices market is expected to exhibit a CAGR of 6.1% over the forecast period (2019-2027). This growth is attributed to frequent product launches, approvals of ART products, and increasing demand for anesthesia and respiratory devices
Key players in the market are involved in strategic partnerships and collaborations, which is expected to facilitate growth of global anesthesia and respiratory devices market.

Key players operating in the global anesthesia and respiratory devices market include --

Fisher and Paykel Healthcare, Invacare Corporation, GE Healthcare, Teleflex Incorporated, AstraZeneca Plc, Drägerwerk AG & Co. KGaAwerk AG, Medtronic Plc, Smiths Medical, OSI System, Getinge AB, Becton, Dickinson and Company, ResMed, Inc, Koninklijke Philips N.V., and 3M.

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Detailed Segmentation

Global Anesthesia and Respiratory Devices Market, By Product Type:

Anesthesia Devices

Anesthesia Monitoring System

Advanced Anesthesia Monitor

Anesthesia Gas Monitor
Depth of Anesthesia Monitors
Standalone Capnography Monitors
MRI Compatible Anesthesia Monitor

Basic Anesthesia Monitors

Anesthesia Machines

Portable Anesthesia Machines
Standalone Anesthesia Machines

Anesthesia Workstation
Anesthesia Ventilators
Anesthesia Disposables and Accessories

Respiratory Devices

Therapeutic Devices

Positive Airway Pressure (PAP) Devices
Inhalers
Humidifiers
Oxygen Concentrators
Reusable Resuscitators
Respiratory Mask
Nitric Oxide Delivery Units
Others

Monitoring Devices

Pulse Oximeters
Capnographs
Gas Analyzers

Diagnostic Devices

Spirometer
Peak Flow Meters
Polysomnography Devices
Others

Consumables and Accessories

Tracheostomy Tubes
Nasal Cannulas
Others

Global Anesthesia and Respiratory Devices Market, By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings

Global Anesthesia and Respiratory Devices Market, By Region:

North America

U.S.
Canada

Europe

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

Asia Pacific

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

GCC
Israel
Rest of Middle East

Africa

Central Africa
South Africa
North Africa

Company Profiles

Didn't find what you were looking for? Here are some similar topics:

ANESTHESIA MONITORING DEVICES MARKET

Increasing incidence of cardiovascular diseases, chronic diseases, and cancer are expected to increase the number of surgical procedures, which in turn is expected to fuel growth of the anesthesia monitoring devices market during the forecast period. For instance, according to Cancer Research U.K., 359,960 new cancer cases were diagnosed in U.K. in 2015 and 45% of these patients underwent cancer surgery.

ANESTHESIA MACHINES MARKET

There are four different types of anesthesia that includes local, general, regional and dissociative. Anesthesia machines are used by the professionals to support the administration of anesthesia. These machines deliver precisely known but variable gas mixtures, which are then delivered to the breathing systems. These gases are administered with the help of oxygen mask. Patients are administered a mixture of oxygen, nitrous oxide and other gases that are regulated by anesthetic machines.

RESPIRATORY DEVICES MARKET

High prevalence of COPD and obstructive sleep apnea is expected to propel growth of the global respiratory devices market over the forecast period. For instance, according to a report by Global Initiative for Chronic Obstruction Disease's 2018 report, COPD is expected to result in 4.5 million global deaths annually by 2030.

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SOURCE Coherent Market Insights