Global Anesthesia and Respiratory Devices Market: Competitive Landscape
Major players operating the global anesthesia and respiratory devices market include, Invacare, GE Healthcare, Teleflex, Fisher & Paykel Healthcare, Philips Healthcare, Drägerwerk AG, Medtronic, Smiths Medical, OSI Systems, and Getinge AB.
Global Anesthesia and Respiratory Devices Market — Insights
Anesthesia devices are used to induce temporary loss of sensation or awareness using anesthetic agents. These devices offer constant and precise supply of medical gases that are mixed with required amount of anesthetic vapor. General anesthesia, sedation anesthesia, and regional or local anesthesia are the three types of anesthesia. Respiratory devices are used to offer medication and are used for patients that find hard to breathe or do not get required amount of oxygen. The devices find application in the treatment and management of respiratory devices. The adoption of respiratory devices is more compared to anesthesia devices.
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Global Anesthesia and Respiratory Devices Market: Drivers
Increasing geriatric population that is prone to asthma, pulmonary disease, and chronic obstructive pulmonary disease is expected to boost growth of the global anesthesia and respiratory devices market. For instance, according to world Ageing Population Reports in the U.S., the geriatric population in the U.S. was 901 million and is expected to increase by 56% to reach 1.4 billion in 2030. Moreover, the global geriatric population is projected to more than double its size in 2015 by 2050, reaching nearly 2.1 billion.
Moreover, increasing number of surgeries worldwide and high prevalence of respiratory diseases is also expected to boost growth of the market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2010, 16 million operative procedures were performed in the U.S. According to the same source, 24 million people, including over 6 million children suffered from asthma in the U.S. in 2016.
Increasing safety awareness and technological advancements in anesthesia and respiratory devices is also expected to boost growth of the global anesthesia and respiratory devices market. High prevalence of obstructive sleep apnea is also expected to contribute to growth of market as the condition occurs when throat muscles relax, which leads to blockage of airway during sleep.
Global Anesthesia and Respiratory Devices Market Taxonomy
By Product Type
- Anesthesia Devices
- Anesthesia Machines
- Anesthesia Disposables
- Respiratory Devices
- Respiratory Equipment
- Respiratory Disposables
- Respiratory Measurement Devices
By End User
- Anesthesia Devices
- Hospital
- Ambulatory Surgical Centers
- Respiratory Devices
- Hospital
- Ambulatory Surgical Centers
- Homecare Settings
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Global Anesthesia and Respiratory Devices Market: Regional Analysis
North America is expected to witness significant growth in the global anesthesia and respiratory devices market over the forecast period. This is attributed to factors such as increasing health awareness, high prevalence of chronic obstructive pulmonary disease (COPD), and high disposable income in the region.
Asia Pacific is also expected to witness significant growth in the market, owing to increasing development in the healthcare sector.
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