Global Anesthesia and Respiratory Devices Market was valued at US$ 15.12 Bn in 2019 and is expected to reach US$ 32.6 Bn by 2026, at a CAGR of 10.08% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Anesthesia devices are used in all types of surgical procedures to control pain, breathing, blood pressure, blood flow, heart rate & rhythm as well as to provide an accurate & constant supply of medical gases mixed with anesthetic vapors. Respiratory devices are used to remove mucus from the respiratory airways & thus improve pulmonary function.
The rise in the occurrence of respiratory diseases, speedy urbanization, an increase in the number of surgical procedures are boosting the market growth. The rise in overall pollution level, growing elderly population, and growth in tobacco consumption are also propelling the growth of the global anesthesia and respiratory devices market.
The developing economies provide key opportunities for the global anesthesia and respiratory devices market. However, the low assumption rate of new technologies owing to unwillingness from the physicians for treatment is limiting the growth of the market.
Respiratory equipment is estimated to grow the highest share of the market owing to the increase in demand for positive airway pressure devices and pulse oximeters. Respiratory protective equipment is used to protect the wearer from a variety of airborne dangers in the form of a gas, fume, mist, dust, and vapor.
North America is expected to grow at the largest share of the global anesthetic and respiratory devices market followed by the Asia Pacific, Europe owing to the technological advancement in all product fields. Advanced disposable income along with a high responsiveness level between people regarding food and health is also boosting the market share in the region. The Asia Pacific is the second-largest market share owing to the increase in demand from developing nations such as India and China, followed by the market in Europe.
The key players operating in the global anesthesia and respiratory device market are Fisher & Paykel Healthcare, Invacare, GE Healthcare, Teleflex, Philips Healthcare, Drägerwerk AG, Medtronic, Smiths Medical, OSI systems, Getinge AB, SunMed, ResMed Inc., Masimo Corporation, Koninklijke Philips N.V., Hamilton Medical AG, Becton, and 3M Company.
The report covers a comprehensive study of major market drivers, restraints, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
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Global Anesthesia and Respiratory Devices Market, by Product Type:
• Anesthesia Devices
• Anesthesia Machines
• Anesthesia Disposables
• Respiratory Devices
• Respiratory Equipment
• Respiratory Disposables
• Respiratory Measurement Devices
Global Anesthesia and Respiratory Devices Market, by End User:
• Ambulatory Surgical Centers
• Homecare Settings
Global Anesthesia and Respiratory Devices Market, by Region:
• North America
• South America
• Middle East & Africa
Key Player Operating in Global Anesthesia and Respiratory Devices Market:
• Fisher & Paykel Healthcare
• GE Healthcare
• Philips Healthcare
• Drägerwerk AG
• Smiths Medical
• OSI systems
• Getinge AB
• ResMed Inc.
• Masimo Corporation
• Koninklijke Philips N.V.
• Hamilton Medical AG
• 3M Company
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