Anaesthesia and Respiratory Devices Market Overview
Anesthetic devices supply an accurate and continuous supply of medical gases associated with a precise concentration of anesthetic vapor and serve the purpose of an induced coma. Respiratory devices help in the elimination of mucus from the respiratory airways and consequently improve pulmonary function. Respiratory care devices are utilized for the diagnosis and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide intensive care to patients suffering from such acute and chronic respiratory diseases. Anesthesia devices are used while surgical procedures to control pain, breathing, blood pressure, blood flow, and heart rate & rhythm.
There has also been a significant amount in a number of operative conditions (surgeries) globally, which presents a key opportunity for anesthesia devices market to raise. The global anesthesia and respiratory devices market is anticipated to witness moderate extension in the coming few years. Uninterrupted extension in this market can be accredited to the fast adoption of anesthesia information management systems, which have been implemented as an attempt to move the industry away from paper-based record keeping systems to further proficient electronic solutions. The establishment of several government-supported national statistical databases is driving this market. The high cost of advanced technology is mainly restraining the market.
Anaesthesia and Respiratory Devices Market Report (2018-2023)
Global Anaesthesia and Respiratory Devices Market was worth USD 21.72 billion in 2018 and estimated to be growing at a CAGR of 8.8%, to reach USD 33.11 billion by 2023.
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Anaesthesia and Respiratory Devices Market Segmentation
The global Anaesthesia and Respiratory devices market is divided on the basis of the device into Anaesthesia Devices and Respiratory Devices. Anesthesia Devices segment is additionally bifurcated into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks, and Anaesthetic Accessories. Respiratory devices are also sub-segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs, and Spirometers. The anesthesia machines are most ordinarily used in all types of surgeries as it is designed to present an accurate and continuous supply of medical gases mixed with anesthetic vapors.
Based on geography the market is examined under several regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. North America dominates the market in terms of revenue because of the healthy innovation, constant research, and development along with the sophisticated healthcare infrastructure and positive reimbursement policies of the government. The Asia Pacific is anticipated to have the largest growth rate during the forecast period.
Some of the major companies operating in the current Market are
- Philips Healthcare,
- OSI Systems and Mindray,
- GE Healthcare,
- Draegerwerk AG,
- Getinge Group,
- Fisher and Paykel,
- Airsep Corp.,
- Alung Technologies Inc.,
- Bomimed Inc.,
- Carefusion Inc.,
- Astra Zeneca,
- Teleflex Inc.,
- Smiths Medical.
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