NEW YORK, June 27, 2016 /PRNewswire/ -- This BCC Research report discusses the global anesthesia and respiratory device market in terms of growth, size and opportunities with respect to different products and geography. It also includes forecasted trends and revenue through 2020.
Use this report to:
Receive up-to-date information about the global market for anesthesia and respiratory devices. Analyze market structure by segment and subsegments.
Identify market trends, issues and factors impacting anesthesia and respiratory devices.
Gain insight into opportunities in the global market for anesthesia and respiratory devices with respect to geography and products.
The global market for anesthetic and respiratory devices reached nearly $13.1 billion in 2014.
The market is expected to reach nearly $24.2 billion by 2020 from $14.4 billion in 2015, increasing at a compound annual growth rate (CAGR) of 10.9% from 2015 to 2020.
Respiratory devices are expected to grow from $8.0 billion in 2015 to $14.7 billion in 2020 at a CAGR of 12.9% for the period 2015-2020.
Anesthesia as a segment will grow from $6.3 billion in 2015 to $9.4 billion in 2020 at a CAGR of 8.2% for the period 2015-2020.
This report discusses the global anesthesia and respiratory device market in terms of growth, size and opportunities not only with respect to different products, but also geographically. The report includes forecasted trends and revenue through 2020. Major players, innovative products and technologies, trends and market dynamics, competitive intelligence, and geographic trends are well researched and analyzed in the report.
STUDY GOALS AND OBJECTIVES
Define and discuss the global market for anesthesia and respiratory devices.
Analyze the market structure by segment and subsegments.
Estimate market revenues of the global market for anesthesia and respiratory device segments and subsegments by geographical region and by product. Identify market trends, issues and factors impacting anesthesia and respiratory devices.
Study various submarkets with respect to growth drivers and inhibitors of the global market for anesthesia and respiratory devices.
Explain opportunities in the global market for anesthesia and respiratory devices with respect to geography and products.
Profile major players and analyze their core competencies and strategies in the global market for anesthesia and respiratory devices.
Track alliances, joint ventures, mergers and acquisitions, new product developments, and research and development in the global market for anesthesia and respiratory devices.
The global market for anesthesia and respiratory devices is expected to grow steadily driven by increasing life expectancy and therefore more surgical procedures, increased accessibility to healthcare facilities in the developing economies, medical tourism and increased healthcare spending by the governments in the Asian region.
The major players in the market are competitive in terms of technology and innovations, and are investing in the development of new and improved anesthetic and respiratory devices. With healthcare costs rising around the world, there is a perceptible shift toward home healthcare. Hospitals encourage patients to opt for home healthcare as hospitals benefit from the faster patient turnover, while patients benefit from the significantly lower cost of home healthcare as compared with the cost of hospital healthcare.
Global life expectancy has increased due to the improved treatments and drugs available, which has resulted in the increased size of the older population (those aged 65 and over). This segment of the population is driving the demand for portable devices, including respiratory and anesthetic devices. Also, unhealthy lifestyles have increased the incidence of opportunistic ailments such as obstructive sleep apnea (OSA), asthma and chronic obstructive pulmonary disease (COPD).
These factors—the increasing number of older people, unhealthy lifestyles and the increasing number of surgical procedures—are the major factors underlying increased demand for anesthetic and respiratory devices. This report includes a chapter on anesthesia drugs that analyzes the drugs most often administered in local and general anesthesia, as well as anesthesia used in dentistry, and discusses the demand for these drugs as well as the restraints and growth of their markets.
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