Global Anesthesia and Respiratory Devices Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Anesthesia and Respiratory Devices are used to provide the required oxygen level to patients with damaged respiratory organs. These devices are used to control breathing, treat pain, and blood pressure and monitor blood flow & heart rate. It helps to develop temporary loss of sensation. These devices are majorly used in ambulatory services centers, home care, clinics, hospitals, etc. The Anesthesia and Respiratory Devices market is expanding because of factors such as the rising geriatric population and the growing prevalence of respiratory diseases.
According to The World Bank in 2020, The global geriatric population aged 65 and above is increasing. As per the same source in 2020, approximately 9.321% of the population was aged 65 and above. Also, the geriatric population in 2017 was about 8.648Whereas technological advancement across anesthesia monitoring and rising demand for homecare respiratory create lucrative opportunities for the market. However, higher equipment cost hampers the market growth throughout the forecast period 2022-2029.
The key regions considered for the Global Anesthesia and Respiratory Devices Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market with highest revenue, owing to the increasing geriatric population, growing technological advancement across the medical sector, growing prevalence of respiratory diseases, etc. Whereas North America is expected to grow during the forecast period, owing to factors such as increasing penetration of market players, increasing number product launches and rising public awareness towards the adoption of smart medical devices
Major market players included in this report are:
General Electric Company
Koninklijke Philips N.V.
Dragerwerk AG & Co. KGaA
Smith's Group plc
Fisher & Paykel Healthcare Ltd.
B. Braun Melsungen AG
Recent Developments in the Market:
In Apr 2022- Medtronic and GE Healthcare collaborated in April 2022 with the goal of focusing on the unique demands and needs for care at Ambulatory Surgical Centers (ASCs)
Global Anesthesia and Respiratory Devices Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World