LONDON, Feb. 14, 2017 /PRNewswire/ -- The global anesthesia and respiratory devices market is segmented into respiratory devices and anesthesia devices. The respiratory devices segment accounts for a major share in the market due to its wide usage in healthcare institutions, home healthcare and ambulances, compared to anesthesia devices. Rising incidences of obstructive sleep apnea, chronic obstructive pulmonary diseases among aging population are the driving factors in the global anesthesia and respiratory devices market. Rising healthcare expenditures, medical tourism, and emerging economies provide growth opportunities these devices in the market.
Europe was the largest region in the Anesthesia and Respiratory Devices market in 2016, accounting for around 35% of the market share. The Americas was the second largest region accounting for around 34% of the market share. Asia was the third largest region accounting for over 17% of the market share.
The launch of advanced anesthesia and respiratory devices by major vendors is a significant positive trend being witnessed by the market in recent years. Due to the highly competitive nature of the market and the presence of various players, companies are focusing on advanced technologies to manufacture these devices for various applications. For instance, In October 2014, Covidien (a subsidiary of Medtronic Plc) launched superDimension navigation system software that helps in visualization of airways of lungs during COPD treatment procedures. In September 2015, Philips Respironics (a subsidiary of Koninklijke Philips N.V.) exhibited its sleep-disordered breathing and respiratory solutions including Dream Family connected positive airway pressure (PAP) therapy device; Amara View minimal contact, full-face masks that are used for the treatment of sleep apnea patients; SimplyGo Mini lightest portable oxygen concentrator used for the treatment of respiratory disorders; and VitaBreath, a lightweight therapy support device for the treatment of COPD.
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