Press release
Rapid Growth Predicted for Anesthesia and Respiratory Devices Market: Strong CAGR of 13.6% by 2029
Anesthesia And Respiratory Devices Market Trends
What Is The Projected Market Size Of The Global Anesthesia And Respiratory Devices Market And Its Growth Rate?
•The anesthesia and respiratory devices market size experienced significant growth recently. It's projected to rise from $33.63 billion in 2024 to $38.29 billion in 2025 marking a compound annual growth rate (CAGR) of 13.8%.
•The historic growth is due to factors such as the increased prevalence of respiratory diseases, the COVID-19 pandemic, increased number of surgical procedures, strong economic growth in emerging markets, increased healthcare expenditure, and a growing aging population.
•The anesthesia and respiratory devices market size is poised for rapid growth in the coming years, estimated to reach a market value of $63.82 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%.
•The forecasted growth is attributed to the increasing prevalence of obstructive sleep apnea, technological advances, increasing use of tobacco smoking, rise in healthcare expenditure, and increasing geriatric population with major trends in the forecast period being the production of smart inhalers, investing in the research and development of wearable respiratory devices, launching new innovative products, and production of portable respiratory devices.
What Is Driving The Growth In The Anesthesia And Respiratory Devices Market?
The increased prevalence of respiratory diseases is a significant driver of the anesthesia and respiratory devices market growth. Respiratory diseases, which interfere with breathing and gas exchange, increase demand for anesthesia and respiratory equipment which aids in the treatment and management of these conditions. For instance, a report from The CDC Centers for Disease Control and Prevention in March 2024 highlighted that 8,331 cases of tuberculosis (TB) were reported in the United States in 2022, leading to an incidence rate of 2.5 cases per 100,000 persons. With an estimated 13 million individuals living with latent TB infection in the country, the critical role these devices play in disease management propels market growth.
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Who Are the Key Players Driving Anesthesia And Respiratory Devices Market Growth?
•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.
•Covidien Healthcare
•Metran Co., Ltd.
•Siemens Healthcare
•Opto Circuits
•Roche
•B. Braun, Melsungen
•Masimo Corporation
•Dixion
•SunMed
•Getinge Group
•CapeRay
•Centre for Rapid Prototyping and Manufacturing (CRPM)
•DISA Vascular
•Sinapi biomedical
•Ti-TaMED
What Are The Key Trends In The Anesthesia And Respiratory Devices Market?
•Production of smart inhalers
•Investing in the research and development of wearable respiratory devices
•Launching new innovative products
•Production of portable respiratory devices
What Are The Segments Of The Global Anesthesia And Respiratory Devices Market?
1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
2) By Type Of Expenditure: Public, Private
3) By Product: Instruments Or Equipment, Disposables
4) By Gender: Male, Female
5) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Which Region Leads The Anesthesia And Respiratory Devices Market?
Asia-Pacific was the largest region in the global anesthesia and respiratory devices market in it's the most recent market research for 2024, followed by North America. Eastern Europe was the smallest region in the global anesthesia and respiratory devices market. Regions covered in the anesthesia and respiratory devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Anesthesia And Respiratory Devices Market Global Market Report?
- Market Size Analysis: Analyze the Anesthesia And Respiratory Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Anesthesia And Respiratory Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Anesthesia And Respiratory Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Anesthesia And Respiratory Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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