The global anesthesia and respiratory devices market size is expected to grow from $45.25 billion in 2021 to $51.51 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The global anesthesia and respiratory device market size is then expected to grow to $82.25 billion in 2026 at a CAGR of 12.4%.
What is the Global Anesthesia and Respiratory Devices Market?
The anesthesia and respiratory devices market consists of sales of anesthesia and respiratory devices and related services by entities (organizations, sole traders, and partnerships) that produce anesthesia and respiratory devices used in the diagnosis and treatment of respiratory diseases.
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What drives the Global Anesthesia and Respiratory Devices Market?
The preference for wearable and portable medical devices is increasing and companies in the respiratory devices market are developing wearable respiratory devices to improve patient monitoring and to drive the market growth. Wearable respiratory devices are mainly worn on the torso and are used to calculate the patient’s breathing rate by measuring movements of the chest wall. They are available in various forms such as small dimensional sensors, belts, and band-aid-like devices. These devices are usually connected to specialty smartphone apps that capture and interpret data and store the data in cloud data repositories focusing on main areas of respiratory healthcare including pulse oximetry, pulmonary ventilation, air quality assessment, and activity tracking. Wearable respiratory devices reduce the workload of healthcare providers, improve the efficiencies of diagnostics, reduce costs incurred by patients in regular checkups and improve patients’ comfort. Researchers at the University of California and Khine Labs are investing in major research projects to develop comfortable wearables for patients suffering from respiratory diseases
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Global Anesthesia and Respiratory Devices Market Segments
The global anesthesia and respiratory devices market is segmented:
By Type: Respiratory Devices and Equipment (Therapeutic and Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By Geography: The regions covered in the anesthesia and respiratory devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Anesthesia and Respiratory Devices Global Market Report 2022provides market size and growth forecasts for the global anesthesia and respiratory devices market, global anesthesia and respiratory devices market share, anesthesia and respiratory devices market segments and geographies, anesthesia and respiratory devices market competitive landscape including leading competitors’ revenues, profiles and anesthesia and respiratory devices market shares. The anesthesia and respiratory devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Anesthesia and Respiratory Devices Industry Playersinclude Koninklijke Philips N.V., Resmed, Cardinal Health, Inc., 3M Company, Medtronic Inc., Boston Scientific Corporation, Fisher & Paykel Healthcare Corporation Limited, Olympus Corporation, Teleflex Inc., and Getinge Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
