Anesthesia and Respiratory Devices Market

Anesthesia and
Respiratory Devices
Market GLOBAL INDUSTRY INSIGHTS, TRENDS,
OUTLOOK, AND OPPORTUNITY ANALYSIS,
2016-2025
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Anesthesia and Respiratory Devices Market Overview:
Anesthesia is a state in which a person has temporary induced loss of sensation or awareness provided by the
anesthesia devices. Anesthesia device provide accurate and continuous supply of medical gases mixed with an
accurate concentration of anesthetic vapor. Anesthesia provides painless performance of medical procedures that
could serve intolerable pain to an un-anesthetized patient. There are three types of anesthesia general anesthesia,
sedation anesthesia and regional or local anesthesia. While respiratory devices are used to provide medication or to
comfort patient who have difficulty in breathing and cannot acquire sufficient level of oxygen to maintain life. Patient
with respiratory disease use various respiratory devices that help to remove the mucus from the airway and improve
the function of pulmonary. Respiratory devices lead the market as compared with anesthesia device as anesthesia
devices has limited end user.
Furthermore, increase in aging population who suffer from asthma, pulmonary disease and chronic obstructive
pulmonary disease is expected to favor the anesthesia and respiratory device market. According to world ageing
population reports in the U.S. between 2015 and 2030, the number of people in the world aged 60 years or over is
projected to grow by 56 per cent, from 901 million to 1.4 billion, and by 2050, the global population of older persons
is projected to more than double its size in 2015, reaching nearly 2.1 billion. Increase in number of surgeries
worldwide also fuels the anesthesia and respiratory device market. Moreover, continuous technical advancement in
anesthesia and respiratory devices is another driving force for the growth of market.
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Rise in number of surgeries fuel the anesthesia and respiratory device market
Anesthesia devices are used commonly in all types of surgeries as they are designed to provide an accurate and
continuous supply of mixed medical gases with anesthetic vapors which is delivered to patient at a safe pressure and
flow. According to Centers for Disease Control and Prevention in year 2010, 16 million operative procedures were
performed in the U.S. whereas rise in number of patient who suffer from respiratory disease favors growth of the market.
According to the Center for Disease Control and Prevention in year 2016 estimated that 24 million people, including
more than 6 million children have asthma in the U.S.
Furthermore, demand for anesthesia devices are rapidly increased due to growth in safety awareness and technology
enhancement. Moreover, Obstructive sleep apnea also favor the growth of market as this type of apnea occurs to throat
muscles when they relax, which leads to blockage of airway during sleep and so to the treat OBA disorder respiratory
devices are used.
Regional growth engines of the anesthesia and respiratory device market
In terms of geography anesthesia and respiratory device market is segmented into North America, Europe, Asia Pacific,
Middle East, Latin America and Africa. Due to presence of high income and health awareness in North America favors
the growth of market. Additionally, the leading cause of death in North America is chronic obstructive pulmonary disease
(COPD) as it is the third leading cause of death in North America. The above statistics supports the growth of
anesthesia and respiratory device market.
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The key players dominating the global anesthesia and respiratory device market are :
Providers in the market offer a broad range of anesthesia and respiratory device and introduction of low priced
multi-featured devices in market is increasing the product competition in market within the manufactures.
The key player operating the market of anesthesia and respiratory device includes :
●
Fisher & Paykel Healthcare,
●
Invacare,
●
GE Healthcare,
●
Teleflex,
●
Philips Healthcare,
●
Drägerwerk AG,
●
Medtronic,
●
Smiths Medical,
●
OSI systems and Getinge AB.
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