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2018

Anesthesia and Respiratory Devices Market

Anesthesia and Respiratory Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Product [Anesthesia and Respiratory Devices ] and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

LS : Medical Devices & Supplies

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Author's: Tenzin Kunsel and Garima Chandra | Roshan Deshmukh
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Anesthesia and Respiratory Devices Market Overview:

Respiratory care devices are used for diagnosis and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide enhanced care to patients suffering from such acute and chronic respiratory diseases. Since the last decade, increase in prevalence of respiratory diseases is a pivotal factor that drives the respiratory care devices market. Anesthesia devices are used during surgical procedures to control pain, breathing, blood pressure, blood flow, and heart rate & rhythm. A medical state in patients induced by use of anesthesia leads to loss of sensation or awareness, which can include analgesia (relief from or prevention of pain), paralysis (muscle relaxation), amnesia (loss of memory), or unconsciousness. The global anesthesia and respiratory devices market was valued at $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.

Anesthesia and Respiratory Devices Market

Increase in prevalence of respiratory diseases, rapid urbanization, upsurge in number of surgical procedures, rise in pollution level, growth in geriatric population, and increase in tobacco consumption drive the anesthesia and respiratory devices market. In addition, factors such as innovations with regard to respiratory care devices and governmental support for the launch and approval of these devices further fuel the market growth. Moreover, high demand for therapeutic devices for homecare settings and increase in healthcare expenditures are expected to provide lucrative growth opportunities for the market. However, the presence of a large pool of undiagnosed population, risks associated with certain therapeutic and diagnostic devices for neonates, and low adoption rate of new technologies, owing to reluctance from the physicians for treatment, restrain the market growth.

Product Segment Review

Based on the product type, it is bifurcated into anesthesia and respiratory devices. Respiratory devices segment is the dominant segment in the market, owing to the high prevalence rate of respiratory diseases and availability of advanced respiratory devices.

End User Segment Review

Based on end user, the market is segmented into hospitals, ambulatory service centers, homecare, and clinics. The hospitals segment is the dominant segment, as they are equipped with specialized and advanced anesthesia and respiratory devices. However, clinics are expected to be grow at the highest CAGR.

Global Anesthesia and Respiratory Devices Market: Key Geographical Segment

Based on region, the anesthesia and respiratory devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2016, and is expected to retain its dominance throughout the forecast period.

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, Drägerwerk 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.

Key Benefits for Stakeholders

  • This report entails a detailed quantitative analysis of the current trends from 2016 to 2023 of the global anesthesia and respiratory devices market to identify the prevailing opportunities.
  • Market estimations are based on comprehensive analysis of the key developments in the industry.
  • The global market is comprehensively analyzed with respect to product, end user, and region.
  • In-depth analysis based on geography helps in understanding the regional market to assist in strategic business planning.
  • The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

Anesthesia And Respiratory Devices Market Key Segments:

By Product Type

  • Anesthesia Devices
    • Anesthesia Delivery Machines
    • Anesthesia Disposables & Accessories
      • Anesthesia Circuits
      • Anesthesia Masks
      • Resuscitators
      • Laryngoscopes
      • Flexible Intubation Scopes
      • Supraglottic Airways
      • Ventilator Circuits
      • HME
      • Regional Anesthesia and Pain Devices
      • Others
    • Anesthesia Monitors
      • Basic Anesthesia Monitors
      • Advanced Anesthesia Monitors
      • Integrated Anesthesia Workstations
    • Anesthesia Information Management Systems (AIMS)
  • Respiratory Devices
    • Therapeutic Devices
      • Positive Airway Pressure (PAP) Devices
      • Continuous Positive Airway Pressure (CPAP) Devices
      • Automatic Positive Airway Pressure (APAP) Devices
      • Bilevel Positive Airway Pressure (BPAP) Devices
    • Masks
      • Nasal Masks
      • Full-face Masks
      • Nasal Pillow Masks
      • Oral Masks
    • Ventilators
    • Nebulizers
    • Humidifiers
    • Oxygen concentrators
      • Fixed Oxygen Concentrators
      • Portable Oxygen Concentrators
    • Inhalers
      • Dry Powder Inhalers
      • Metered Dose Inhalers
      • Soft Mist Inhaler
    • Reusable Resuscitators
      • Adult Resuscitators
      • Infant/Neonatal Resuscitators
    • Nitric Oxide Delivery Units
    • Capnographs
    • Gas Analyzers
    • Oxygen Hoods
  • Monitoring Devices
    • Pulse Oximeters
      • Pediatric Pulse Oximeters
      • Wrist-Worn Pulse Oximeters
      • Handheld Oximeter
      • Fingertip Pulse Oximeter
      • Table-top or Bedside Pulse Oximeters
  • Diagnostic Devices
    • Spirometers
    • Polysomnography (PSG) Devices
    • Peak Flow Meters
  • Consumables & Accessories
    • Disposable Resuscitators
    • Tracheostomy Tubes
    • Nasal Cannulas
    • Disposable Masks
    • Others

By End User

  • Hospitals
  • Clinics
  • Homecare Settings
  • Ambulatory Service Centers

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Anesthesia and Respiratory Devices Market Report Highlights

Aspects Details
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By Product Type
  • Anesthesia Devices
    • Anesthesia Delivery Machines
    • Anesthesia Disposables & Accessories
      • Anesthesia Circuits
      • Anesthesia Masks
      • . Resuscitators
      • Laryngoscopes
      • Flexible Intubation Scopes
      • Supraglottic Airways
      • Ventilator Circuits
      • Heat and moisture exchangers (HME's)
      • Regional Anesthesia and Pain Devices
      • Others
    • Anesthesia Monitors
      • Basic Anesthesia Monitors
      • Advanced Anesthesia Monitors
      • Integrated Anesthesia Workstations
    • Anesthesia Information Management Systems (AIMS)
  • Respiratory Devices
    • Therapeutic Devices
      • Positive Airway Pressure (PAP) Devices
      • Continuous Positive Airway Pressure (CPAP) Devices
      • Bilevel PAP (BPAP) Devices
      • Automatic Positive Airway Pressure (APAP) Devices
    • Masks
      • Nasal Masks
      • Full-face Masks
      • Nasal pillow Masks
      • Oral Masks
    • Ventilators
      • Adult Ventilators
      • Infant/neonatal Ventilators
    • Nebulizers
    • Humidifiers
    • Oxygen concentrators
    • Inhalers
      • Dry Powder Inhalers (DPIs)
      • Metered Dose Inhalers (MDIs)
      • Soft Mist Inhalers (SMIs)
    • Reusable Resuscitators
      • Adult Resuscitators
      • Infant/neonatal Resuscitators
    • Nitric Oxide Delivery Units
    • Capnographs
    • Gas Analyzers
    • Oxygen Hoods
  • Monitoring Devices
    • Pulse Oximeters
      • Pediatric Pulse Oximeters
      • Wrist-Worn Pulse Oximeters
      • Handheld Oximeter
      • Fingertip Pulse Oximeter
      • Table-top or Bedside Pulse Oximeters
  • Diagnostic Devices
    • Spirometers
    • Polysomnography (PSG) Devices
      • Peak Flow Meters
  • Consumables and Accessories
    • Disposable Masks
    • Disposable Resuscitators
    • Tracheostomy Tubes
    • Nasal Cannulas
    • Others
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By END USERS
  • . Hospitals
  • Ambulatory service centers (ASC)
  • Homecare
  • Clinics
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Teleflex Incorporated, SunMed, Hamilton Medical AG, Ambu S/A, Koninklijke Philips N.V., Smiths Group Plc., Drägerwerk AG & Co. KGaA, Chart Industries Inc., Becton, Dickinson and Company, Medtronic Plc., ResMed Inc., GE Healthcare (A healthcare division Of GE Company), Invacare Corporation, Fisher & Paykel Healthcare Limited, 3M Company, Masimo Corporation

Analyst Review

The market for respiratory care devices has witnessed a paradigm shift from use of stationary to portable devices. Increased adoption of portable devices is a significant trend in the industry. Technological advancements are prevalent in the market, which has led to rise in the number of product launches, due to which the market is estimated to grow at a high CAGR in the force future.

The major factors that drive the market growth are surge in prevalence of respiratory diseases, rapid urbanization, rise in pollution level, growth in geriatric population, and increase in the number of outpatient surgeries. However, regulatory compliance, budget constraints, and lack of awareness in the developing regions could restrict the market growth.

The use of respiratory care devices is highest in North America, particularly in the U.S., owing to the higher number of approvals and launches, followed by Europe and Asia-Pacific. In addition, the presence of well-developed healthcare infrastructure and high adoption of advanced technology are expected to help North America to dominate the market during the coming years. Although the use of anesthesia and respiratory devices system in Asia-Pacific and LAMEA is low as compared to developed regions, the adoption rate is expected to increase due to presence of a large patient population, increase in demand for therapeutic devices in the homecare setting, and increase in the number of outpatient surgeries.

Author Name(s) : Tenzin Kunsel and Garima Chandra | Roshan Deshmukh

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Anesthesia and Respiratory Devices Market

Global Opportunity Analysis and Industry Forecast, 2017-2023