Anesthesia & Respiratory Devices Market High Demand in 2023 With Surge in Number of Surgeries | Country Wise Data for Top Players like Fisher & Paykel Healthcare Limited, Invacare Corporation, General Electric Company and Others

Anesthesia and respiratory devices are utilized during surgical procedures to manage pain, breathing, blood pressure, blood flow, heart rate, and rhythm. Anesthesia assists patients to cause a lack of feeling or awareness or sensation to perform surgeries with improved precision for respiratory conditions such as COPD, asthma, TB, and pneumonia.

The market experienced a growing demand during the coronavirus pandemic for ventilators and respiratory devices owing to patients requiring assistance for breathing because of adverse effects of coronavirus. Amidst the pandemic, a non-invasive ventilation device was introduced by InnAccel Technologies for patients being treated in the intensive care unit (ICU) in April of 2020.

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Henceforth, as the number of cases in the world increased, it had a favorable impact on the anesthesia and respiratory devices market for assessing and treating patients with COVID-19 analgesia/sedation and breathing to assist in measuring the end-tidal carbon dioxide (ETCO2) or capnography to effectively aid patients.

Anesthesia & Respiratory Devices Market Expanding With Rising Respiratory Disorders:

The anesthesia and respiratory devices market was valued at USD 34.3 billion in 2021 and is projected to reach USD 68.5 billion by 2030 at a CAGR of 8.6% during the forecast period. The respiratory devices market is expected to experience significant growth with an increasing number of respiratory disorders owing to a number of genetic and external factors.

The availability of technologically advanced respiratory devices has led to an increase in the number of respiratory procedures to treat patients with precision and utmost care. The people residing in developed or developing countries have more disposable income to spend on healthcare facilities. This enables them to access the best equipment to treat their respiratory illnesses, hence expanding the growth of the anaesthesia and respiratory devices market.

The increase in the number of hospitals, healthcare facilities, ambulatory services, clinics and homecare services are expected to witness substantial growth as the number of respiratory diseases multiply rapidly. Various factors are responsible for the growth of acute and chronic respiratory diseases including smoking cigarettes or e-cigarettes, rising air pollution due to factories, allergens in the air and other occupational risks that endanger the population.

Key players profiled in the Global Anesthesia and Respiratory Devices Market include:
· Fisher & Paykel Healthcare Limited
· Invacare Corporation
· General Electric Company
· Teleflex Incorporated
· AstraZeneca
· Drägerwerk AG & Co. KGaA
· Medtronic
· ICU Medical, Inc.
· OSI Systems, Inc.
· Getinge AB
· BD

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Global Anesthesia and Respiratory Devices Market Segmentation:

By Product Type
• Anesthesia Devices
o Anesthesia Workstation
o Anesthesia Delivery Machines
o Anesthesia Ventilators
o Anaesthesia Monitors
o Anesthesia Disposables
o Others
• Respiratory Devices
o Therapeutic Devices
o Masks
o Ventilators
o Humidifiers
o Oxygen concentrators
o Inhalers
o Others

By End-User
• Hospitals
• Clinics
• Homecare Settings
• Ambulatory Service Centers
• Others

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Smoking Cigarettes, E-Cigs Majorly Responsible for Utilization of Respiratory Devices:

According to the Centers for Disease Control and Prevention (CDC), smoking cigarettes alone was responsible for 480,000 deaths every year in the U.S. due to respiratory illnesses and adverse effects of smoking. Nearabout 41,000 deaths occurred owing to smoke exposure or "passive smoking". The rising number of respiratory diseases have henceforth aided in expanding the market for anesthetic and respiratory devices.

Almost 4.7 million middle/early adolescent smokers smoke at least one cigarette or tobacco product or e-cigarette each day in the United States as stated by the CDC. Additionally, the rapid increase in the number of deaths due to smoking-related illnesses including lung diseases, chronic bronchitis, lung infections, heart diseases, and even lung cancer have increased the dependability of anesthetic and respiratory devices in the world.

Smoking cigarettes is not the sole driving factor for the anesthesia and respiratory devices market. Apart from this, various diseases like COPD and obstructive sleep apnea (OSA) are also major factors for increasing the demand for medical equipment such as anesthesia and respiratory devices. These devices assist in controlling respiration and had also proved to be effective for mucus expectoration and normal pulmonary function.

According to the World Health Organization (WHO), nearabout 65 million people around the world suffer from COPD. A whopping 334 million cases of asthma were registered while over 10 million people were diagnosed with tuberculosis (TB) each year. Around 4 million premature deaths are accounted for owing to the increasing number of respiratory disorders. This has resulted in rapid growth for the anesthetic and respiratory devices market.

By Region:

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia

North America To Access Better Healthcare Facilities With Rising Disposable Income:

The rising incidence of respiratory disorders with a growing geriatric population in the world is expected to propel the growth of the global anesthesia and respiratory devices market. The technological improvements of manufacturers in production of respiratory and anesthetic devices have contributed to the growth of this industry. A shift in consumer preference towards home healthcare services has fueled the growth of the respiratory devices market.

The global anesthesia and respiratory market is segmented by product type into anesthesia devices, delivery machines, monitors, disposables, ventilators, etc. and respiratory devices into therapeutic devices, masks, ventilators, humidifiers, and more. In terms of end-user, the anesthesia and respiratory market is categorized into various end-user industries including healthcare, home care, clinics, ambulance services, etc.

The global anesthesia and respiratory devices market has been categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America is expected to dominate the market share owing to the presence of advanced healthcare facilities, investment in research and development, better healthcare technologies and rising respiratory disorders among the geriatric population.

Asia-Pacific is expected to emerge as the fastest-growing region owing to rising disposable income of major key players in the region. Increasing per capita income of the population in countries such as India are fueling market expansion. The need for anesthesia and respiratory equipment is expected to witness a surge owing to more surgical procedures and frequent cosmetic treatments requiring anesthesia.

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Key Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Anesthesia and Respiratory Devices Market
Chapter 5. Global Anesthesia and Respiratory Devices Market Overview, By Product Type, 2017 - 2030 (USD Million)
…Continued

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