Anesthesia and Respiratory Devices Market Growth to be Affected by Consolidation of Leading Vendors

Anesthesia and Respiratory Devices Market: Overview

• An anesthetic machine is also called as anesthesia machine. It is a medical device used to generate and mix a fresh gas flow of medical gases & inhalational anesthetic agents for the purpose of inducing and maintaining anesthesia.
• Respiratory devices provide respiratory gas mechanically to patients with impaired respiratory function. The respiratory gas is usually enriched with oxygen and conveyed into the lung with a positive pressure generated by the device.

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Increase in Incidence of Chronic Pulmonary Disease: Key Driver

• According to new estimates by the World Health Organization, COPD is likely to become the third leading cause of death by 2030
• In 2018, around 15.7 million people in the U.S. were diagnosed with COPD and above 50% of adults with low pulmonary function were not aware that they had COPD
• Increase in geriatric population suffering from COPDs and asthma is projected to accelerate the growth of the anesthesia and respiratory devices market. Hence, rise in pulmonary diseases is anticipated to boost the growth of the market.

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Rise in Number of Surgeries Propel Demand for Development of Enhanced Anesthesia Delivery Machines: Major Driver

• Anesthesia devices are used in all types of surgeries, as these are designed to provide an accurate and continuous supply of mixed medical gases with anesthetic vapors, which is delivered to a patient at a safe pressure and flow
• During a surgical procedure, anesthesia devices are used to control pain, breathing, blood pressure, blood flow, and heart rate & rhythm. Medical conditions caused by anesthesia can include analgesia (relief from or prevention of pain), paralysis (relaxation of the muscles), amnesia (loss of memory), and unconsciousness.
• The number of cardiac, neuro, and other chronic conditions is increasing at an alarming rate in countries such as Brazil and the U.S. Hence, key vendors focus on emerging markets that offer lucrative opportunities.
• Therefore, surge in the number of surgeries is expected to drive the global anesthesia and respiratory devices market

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Respiratory Equipment Segment to Dominate Respiratory Devices Sub-segment

• The respiratory equipment segment is likely to dominate the respiratory devices sub-segment during the forecast period
• The respiratory equipment segment comprises humidifiers, nebulizers, oxygen concentrators, reusable resuscitators, ventilators, and inhalers
• Respiratory equipment is required for measurement of respiratory functions, volume, flows, indices of gas exchange, and other therapeutic applications. Philips Healthcare, Draeger, Teleflex, and Masimo Corporation are key players in the respiratory devices market.

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North America to Lead Anesthesia and Respiratory Devices Market

• In terms of region, the global anesthesia and respiratory devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America is projected to dominate the global anesthesia and respiratory devices market during the forecast period. The region accounted for major share of the global market in 2020 and expanding at a high CAGR rate from 2021 to 2028.

Major Players

Key players operating in the global anesthesia and respiratory devices market include

o AirSep
o B. Braun Melsungen AG
o CareFusion Corporation
o Covidien plc
o Draegerwerk AG & Co. KGaA
o Getinge Group, Fisher & Paykel Healthcare
o GE Healthcare
o Philips Healthcare
o Smiths Medical
o Teleflex Incorporated

• Each of these players has been profiled in the anesthesia and respiratory devices market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

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