Anesthesia And Respiratory Devices Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Anesthesia And Respiratory Devices Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The anesthesia and respiratory devices market size has grown rapidly in recent years. It will grow from $57.98 billion in 2023 to $64.96 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased prevalence of respiratory diseases, coronavirus pandemic, increased number of surgical procedures, and strong economic growth in emerging markets, increased healthcare expenditure, and growing aging population.

The anesthesia and respiratory devices market size is expected to see rapid growth in the next few years. It will grow to $99.53 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increasing prevalence of obstructive sleep apnea, technological advances, increasing use of tobacco smoking, rise in healthcare expenditure and increasing geriatric population . Major trends in the forecast period include producing smart inhalers, manufacturing pclc devices, consider investing in the research and development of wearable respiratory devices, launching new innovative products, producing portable respiratory devices and others. player-adopted strategies in the anesthetics and respiratory devices market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.

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Key Market Players:

Major companies operating in the anesthesia and respiratory devices market report are Resmed Inc., Koninklijke Philips N.V., General Electric Company, Cardinal Health, Inc., Medtronic Plc, Fisher & Paykel Healthcare Corporation Limited, Draegerwerk AG, Teleflex Inc., Vyaire Medical, Inc., Smith Group Plc., GE Healthcare, Covidien Healthcare, Metran Co., Ltd., Siemens Healthcare, Opto Circuits, Roche, AstraZeneca, B. Braun, Melsungen, Masimo Corporation, Dixion, SunMed, Getinge Group, CapeRay, Centre for Rapid Prototyping and Manufacturing (CRPM), DISA Vascular, Sinapi biomedical, Ti-TaMED.

Market Drivers:

The increased prevalence of respiratory diseases is expected to drive the growth of the anesthesia and respiratory devices market. Respiratory disease refers to medical conditions that interfere with breathing and gas exchange by affecting the organs and tissues of the lungs and airway systems. Anesthesia and respiratory equipment are integral to the treatment of respiratory diseases such as tuberculosis by facilitating necessary medical procedures, ensuring patient comfort and safety, and aiding in the monitoring and management of the disease. For instance, in October 2022, according to the Global Tuberculosis Report published by the World Health Organization, a Switzerland-based global health agency, the global incidence of tuberculosis (TB) was estimated at 10.6 million cases, with a rate of 134 cases per 100,000 population in 2021, an increase of 4.5% from 10.1 million in 2020. The majority of TB cases were reported in the Southeast Asia region, accounting for 45% of the total, followed by Africa with 23% of the cases in 2021. Therefore, the increased prevalence of respiratory diseases will propel the growth of the anesthesia and respiratory devices market going forward.

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The anesthesia and respiratory devices market covered in this report is segmented -

1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
5) By Gender: Male, Female
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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