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

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

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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.

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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.

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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.

Read more details @ https://www.coherentmarketinsights.com/market-insight/respiratory-devices-market-1299

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