Impact of COVID-19 on Anesthesia And Respiratory Devices Market Size, Share, Growth, Demand, Emerging Trends and Global Forecast to 2023

The Business Research Company offers "Anesthesia And Respiratory Devices Global Market Report 2020-30: Covid 19 Implications And Growth" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global anesthesia and respiratory devices market is expected to grow from $22.9 billion in 2019 to $36.4 billion in 2020 at a compound annual growth rate (CAGR) of 58.9%. The anesthesia and respiratory devices market witnessed significant growth mainly due to the COVID-19 outbreak. The fact that Covid-19 is essentially a respiratory ailment has boosted the market growth. There is an increased demand for respiratory devices such ventilators, nebulizers, pulse oximeters and spirometers since oxygen therapy is a major intervention for patients with severe Covid-19 infection, and this factor is contributing to the market growth. In order to compensate for lack of ventilators due to the huge demand and short supply, hospitals have started to convert anesthesia machines into breathing machines. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $34.5 billion in 2023.

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The anesthesia and respiratory devices market consists of sales of anesthesia and respiratory devices and related services by entities that manufacture anesthesia and respiratory devices used in the diagnosis and treatment of respiratory diseases such as asthma, cystic fibrosis, and acute respiratory distress syndrome.

The preference for wearable and portable medical devices is increasing and companies in the respiratory devices market are developing wearable respiratory devices to improve patient monitoring. Wearable respiratory devices are mainly worn on the torso and are used to calculate the patient's breathing rate by measuring movements of the chest wall. They are available in various forms such as small dimensional sensors, belts, and band-aid like devices. These devices are usually connected to specialty smartphone apps that capture and interpret data and store the data in cloud data repositories focusing on main areas of respiratory healthcare including pulse oximetry, pulmonary ventilation, air quality assessment, and activity tracking. Wearable respiratory devices reduce the workload of healthcare providers, improve the efficiencies of diagnostics, reduce costs incurred by patients in regular checkups and improve patients' comfort. Researchers at the University of California and Khine Labs are investing in major research projects to develop comfortable wearables for patients suffering from respiratory diseases

Anesthesia And Respiratory Devices Market Segmentation: -
By Type
Respiratory Devices And Equipment (Therapeutic And Diagnostic)
Anesthesia Machines
Anesthesia Disposables
Respiratory Disposables

By End User
Hospitals And Clinics
Diagnostic Laboratories
Others

By Type of Expenditure
Public
Private

By Product
Instruments/Equipment
Disposables

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Anesthesia And Respiratory Devices Market Characteristics
4. Anesthesia And Respiratory Devices Market Product Analysis
5. Anesthesia And Respiratory Devices Market Supply Chain
......
20. Key Mergers And Acquisitions In The Anesthesia And Respiratory Devices Market
21. Market Background: Medical Equipment Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the Anesthesia And Respiratory Devices Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Anesthesia And Respiratory Devices Market are Resmed Inc.; General Electric Company; Koninklijke Philips N.V.; Cardinal Health, Inc.; Medtronic Plc

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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