Anesthesia and Respiratory Devices Market to Reach $88.9 Billion by 2033, Driven by Rising Respiratory Disorders and Technological Advancements

April 2025 - The Global Anesthesia And Respiratory Devices Market Report, published by Emergen Research, offers an industry-wide assessment of the Anesthesia And Respiratory Devices market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2024-2033

The global Anesthesia and Respiratory Devices market is projected to grow from $52.2 billion in 2024 to $88.9 billion by 2033, registering a steady CAGR of 6.10% during the forecast period. This growth is fueled by a surge in respiratory diseases, rising surgical volumes, and increasing demand for advanced medical equipment both in hospitals and homecare settings.

One of the key drivers of the market is the growing number of people affected by respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). According to global health data, chronic respiratory diseases were the third leading cause of death in 2019, responsible for nearly 4 million fatalities. More than 500 million people globally are estimated to suffer from asthma and COPD, with over a million premature deaths annually, mostly in low- and middle-income countries.

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Alongside this, the market is also being pushed forward by the growing need for surgical procedures. A recent report from the International Society of Aesthetic Plastic Surgery (ISAPS) noted a 5.5% rise in surgical procedures in 2023, totaling over 15.8 million operations. These surgeries, including liposuction, breast augmentation, and rhinoplasty, require safe and effective anesthesia support, further boosting demand for anesthesia devices.

Technology is playing a vital role in this growth. More hospitals and patients are turning to advanced anesthesia machines, portable ventilators, and oxygen therapy devices that are easier to use and more efficient. Many of these devices now come with automated monitoring and IoT features, allowing better control and performance in both clinical and home environments. Compact and portable systems are especially popular, offering flexibility and comfort for patients outside of hospitals.

The shift toward home-based healthcare is also increasing the use of respiratory equipment at home. This includes devices like CPAP machines and home ventilators, as well as disposables such as oxygen cannulas and filters. Rising awareness of conditions like sleep apnea and the need for safe, hygienic care are pushing up demand for single-use respiratory items. These disposables help reduce infection risks and are becoming more common in both home and hospital care.

Despite the positive outlook, the market does face challenges. Strict regulatory requirements across different regions slow down the launch of new products. Companies must undergo extensive testing and approval processes to meet safety and quality standards, increasing costs and timelines. These hurdles can be especially difficult for smaller businesses trying to compete on a global scale.

From a market segment perspective, respiratory equipment accounted for the largest share in 2024. This includes devices such as humidifiers, nebulizers, oxygen concentrators, and ventilators, which are essential for treating growing cases of respiratory conditions. Factors like poor air quality, pollution, and urban living are contributing to the increased use of these devices.

Looking ahead, the segment of respiratory disposables is expected to grow the fastest. These items play a crucial role in preventing infections, particularly in hospitals and clinics, and are gaining traction for homecare use. As more patients are treated outside hospital settings, the demand for safe and effective disposable products is expected to rise significantly.

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Competitive Terrain:

The global Anesthesia And Respiratory Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Some major companies included in the Anesthesia And Respiratory Devices market report are:

General Electric Company

Medtronic

Teleflex Incorporated.

Koninklijke Philips N.V.

Drägerwerk AG & Co. KGaA

Getinge

Smiths Group plc

Fisher & Paykel Healthcare Limited

Masimo

B. Braun SE

The report further divides the Anesthesia And Respiratory Devices market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Anesthesia And Respiratory Devices market.

Anesthesia And Respiratory Devices Market Segmentation Analysis

Product Outlook (Revenue, USD Billion; 2020-2033)

Respiratory Devices

Respiratory Equipment

Humidifiers

Nebulizers

Oxygen Concentrator

Positive Airway Pressure Devices

Reusable Resuscitators

Ventilators

Respiratory Inhalers

Respiratory Disposables

Disposable Oxygen Masks

Resuscitators

Tracheostomy Tubes

Oxygen Cannula

Respiratory Measurement Devices

Pulse Oximetry Systems

Capnographs

Spirometers

Peak Flowmeters

Anesthesia Devices

Anesthesia Machines

Anesthesia Disposables

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Regional Outlook:

North America (the U.S., Canada, Mexico)

Europe (the U.K., Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Anesthesia And Respiratory Devices market?

What are the key product types and applications of the Anesthesia And Respiratory Devices industry?

What is the outcome of SWOT analysis and Porter's Five Forces analysis?

How is the competitive landscape of the Anesthesia And Respiratory Devices market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Anesthesia And Respiratory Devices Market by 2033?

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