Anesthesia And Respiratory Devices Market Characteristics
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 diagnosis and treatment of respiratory diseases. This industry includes establishments that produce respiratory devices used to provide medication in medical conditions such as asthma, cystic fibrosis, acute cute respiratory distress syndrome and others.
Competitive Landscape of the Anesthesia And Respiratory Devices Market
Major players in the global anesthesia and respiratory devices market include Medtronic Plc, Philips Healthcare, Draegerwerk AG, Getinge Group, and Masimo.
Anesthesia And Respiratory Devices Market Size
The anesthesia and respiratory devices market size is expected to reach nearly $22 billion in 2021 at a compound annual growth rate (CAGR) of more than 3% during the forecast period. The growth in the anesthesia and respiratory devices market is due to changing climatic conditions, and technological advances.
However, the market for anesthesia and respiratory devices is expected to face certain restraints from several factors such as the regulation for administration of anesthetic agents, the retraction of insurance, low per capita healthcare expenditure, and alternative treatment approaches.
Anesthesia And Respiratory Devices Market Segmentation
The global anesthesia and respiratory devices market is further segmented based on type and geography.
By Type - The anesthesia and respiratory devices market is segmented into respiratory devices, anesthesia machines, anesthesia disposables, respiratory monitoring devices, and respiratory disposables.Among these segments, the respiratory devices market accounts for the largest share in the global anesthesia and respiratory devices market.
By Geography - The global anesthesia and respiratory devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American anesthesia and respiratory devices market accounts for the largest share in the global anesthesia and respiratory devices market.
Trends in the Anesthesia And Respiratory Devices Market
New product launches, portable sleep diagnostic devices at home, and the increasing adoption of portable systems are the major trends witnessed in the global anesthesia and respiratory devices market.
Potential Opportunities in the Anesthesia And Respiratory Devices Market
With increasing government support and the increasing usage of tobacco, the scope and potential for the global anesthesia and respiratory devices market is expected to significantly rise in the forecast period.
