0

Anesthesia and Respiratory Devices Market Expected to Reach $38,298 Million by 2023

 
2022
Anesthesia and Respiratory Devices Market

Report Code : A00251

quote The upsurge in number of surgical procedures globally, advancements in technology, high demand for therapeutic devices in homecare settings, and increase in the number of outpatient surgeries are the major factors that are projected to boost the market growth. quote

Garima Chandra
Research Analyst, Healthcare at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Anesthesia and Respiratory Devices Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global anesthesia and respiratory devices market accounted for $23,446 million in 2016, and is estimated to reach $38,298 million by 2023, registering a CAGR of 7.2% from 2017 to 2023. North America was the highest contributor in the anesthesia and respiratory devices market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

Access Full Summary at : https://www.alliedmarketresearch.com/anesthesia-and-respiratory-devices-market

Respiratory care is a healthcare specialty focused on improving cardiopulmonary functions and promoting health and wellness. Respiratory care devices are majorly classified into therapeutic, diagnostic & monitoring devices, and consumables & accessories. These devices are used to deal with medical conditions, such as asthma, chronic obstructive pulmonary disease (COPD), and other acute & chronic respiratory diseases, in hospitals and homecare settings. Anesthesia is a medical procedure used to provide sedation to the patients using anesthetics to control pain during the course of a surgery. The devices, such as anesthesia delivery machines and disposables, are commonly used during surgical procedures to control pain, breathing, blood pressure, blood flow, and heart rate & rhythm.

Advancements in technology, growth in geriatric population, and increase in tobacco consumption drive the market. In addition, heavy usage of anesthesia and prevalence of invasive surgeries fuel the growth of the market. Moreover, high demand for respiratory therapeutic devices in homecare settings and increase in healthcare expenditure are anticipated to provide lucrative growth opportunities for the market players. However, high equipment costs, large pool of undiagnosed population, and risks associated with certain respiratory therapeutic devices for neonates hamper the growth of the respiratory care devices market.

Among the component, respiratory device is the dominant segment in the market due to their high demand in homecare settings, increase in prevalence of respiratory diseases, and surge in geriatric population.

Among the end users, hospital is the dominant segment, owing to the use of large number of advanced anesthesia and respiratory devices. However, the clinics segment is projected to be the fastest growing segment, owing to recent increase in outpatient surgeries.

In 2016, North America was the dominant revenue contributor, owing to the large number of clinical trials conducted in the region, presence of well-developed healthcare infrastructure, and high adoption rate of advanced technology. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to presence of populace countries such as India and China, leading to availability of large patient population and rise in healthcare expenditure.

Key Findings of the Anesthesia And Respiratory Devices Market:

  • The respiratory consumables & accessories segment is projected to grow at the highest rate during the analysis period.
  • North America dominated global anesthesia and respiratory devices market in 2016, and is projected to continue its dominance in future.
  • China is expected to grow highest in the Asia-Pacific region during the forecast period.
  • Anesthesia delivery machines was the largest contributor among the products segments in 2016.
  • The respiratory therapeutic devices segment generated the highest revenue in 2016, and is expected to continue its dominance in future.

The key players operating in the global anesthesia and respiratory devices market include Teleflex Incorporated, SunMed, Smiths Group Plc., ResMed Inc., Medtronic Plc., Masimo Corporation, Koninklijke Philips N.V., Invacare Corporation, Hamilton Medical AG, GE Healthcare, Fisher & Paykel Healthcare Limited, Drgerwerk AG & Co. KGaA, Chart Industries Inc., Becton, Dickinson and Company, Ambu S/A, and 3M Company.

Other prominent players in the value chain include Aircraft Medical, Verathon Inc., Karl Storz GmbH & Co. KG, Pentax, 3B Medical, Inc., Medline Industries Inc., Acare Technology Co., Ltd., Allied Healthcare Inc., Hill-Rom Holdings Inc., and Rotech Healthcare Inc.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Anesthesia and Respiratory Devices Market by Product [Anesthesia (Anesthesia Delivery Machines, Anesthesia Disposables & Accessories, Anesthesia Monitors, and Anesthesia Information Management Systems) and Respiratory Devices (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, and Consumables & Accessories)] and End User (Hospitals, Ambulatory Service Centers, Homecare, and Clinics) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Anesthesia and Respiratory Devices Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers