How Is The Anesthesia And Respiratory Devices Market Segmented?
The anesthesia and respiratory devices market covered in this report is segmented –
1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
3) By Type Of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables
5) By Gender: Male, Female
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Subsegments:
1) By Respiratory Devices And Equipment (Therapeutic And Diagnostic): Therapeutic Devices (Oxygen Therapy Devices, CPAP Or BiPAP Machines), Diagnostic Devices (Spirometers, Pulse Oximeters, Peak Flow Meters), Nebulizers
2) By Anesthesia Machines: Continuous Flow Anesthesia Machines, Portable Anesthesia Machines, Anesthesia Workstations
3) By Anesthesia Disposables: Anesthesia Masks, Endotracheal Tubes, Laryngeal Mask Airways (LMAs), Breathing Circuits
4) By Respiratory Disposables: Oxygen Masks, Ventilator Circuits, Filters And HME (Heat And Moisture Exchangers), Suction Catheters
What Is Driving The Anesthesia And Respiratory Devices Market? Rising Respiratory Diseases Rates Fuel Surge In Demand For Anesthesia And Respiratory Devices
The increased prevalence of respiratory diseases is expected to drive the growth of the anesthesia and respiratory devices market. Respiratory disease refers to medical conditions that interfere with breathing and gas exchange by affecting the organs and tissues of the lungs and airway systems. Anesthesia and respiratory equipment are integral to the treatment of respiratory diseases such as tuberculosis by facilitating necessary medical procedures, ensuring patient comfort and safety, and aiding in the monitoring and management of the disease. For instance, in March 2024, according to the report published by “The CDC Centers for Disease Control and Prevention”, a US-based national public health agency, In 2022, the CDC reported 8,331 cases of tuberculosis (TB) in the United States, resulting in an incidence rate of 2.5 cases per 100,000 persons. There are approximately 13 million individuals estimated to be living with latent TB infection in the country. Therefore, the increased prevalence of respiratory diseases will propel the growth of the anesthesia and respiratory devices market going forward.
What Is Driving The Anesthesia And Respiratory Devices Market? Rising Healthcare Expenditures Expected To Propel Anesthesia And Respiratory Devices Market Growth
Increasing healthcare expenditures are anticipated to propel the growth of the anesthesia and respiratory devices market. Healthcare expenditures refer to the total amount spent on healthcare-related services, products, and activities within a specified period, typically on an individual, community, national, or global level. With the escalation of healthcare expenditures, there is typically a heightened emphasis on delivering superior healthcare services, encompassing surgical and respiratory care, thus generating a demand for cutting-edge devices that have the potential to enhance patient outcomes. For instance, in May 2023, according to the Office for National Statistics, a UK-based statistics authority, IT is estimated that healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. UK total healthcare expenditure in 2021 was $367.25 billion (£280.7 billion), and pharmaceutical expenditure was $51.84 billion (£39.6 billion) in 2021. Furthermore, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from the previous year. Therefore, increasing healthcare expenditure will drive the growth of the anesthesia and respiratory devices market going forward.
Who Are The Major Players In The Global Anesthesia And Respiratory Devices Market?
Major companies operating in the anesthesia and respiratory devices market include Resmed Inc., Koninklijke Philips N.V., General Electric Company, Cardinal Health, Inc., Medtronic Plc, Fisher & Paykel Healthcare Corporation Limited, Draegerwerk AG, Teleflex Inc., Vyaire Medical, Inc., Smith Group Plc., Covidien Healthcare, Metran Co., Ltd., Siemens Healthcare, Opto Circuits, Roche, B. Braun, Melsungen, Masimo Corporation, Dixion, SunMed, Getinge Group, CapeRay, Centre for Rapid Prototyping and Manufacturing (CRPM), DISA Vascular, Sinapi biomedical, Ti-TaMED
What Are The Key Trends Of The Global Anesthesia And Respiratory Devices Market? Innovative Products Like Lifebox-Smile Train Pulse Oximeter Drives Profitability
Major companies operating in the anesthesia and respiratory devices market are innovating new products, such as the Lifebox-Smile Train pulse oximeter, to increase their profitability in the market. The Lifebox-Smile Train pulse oximeter is a low-cost device that can monitor the oxygen saturation of patients during surgery, making anesthesia safer. For instance, in July 2022, Smile Train Inc., a US-based nonprofit organization and charity providing corrective surgery for children with cleft lips and palates, launched the Lifebox-Smile Train pulse oximeter. The Lifebox-Smile Train pulse oximeter is a low-cost device that can monitor the oxygen saturation of patients during surgery, making anesthesia safer.
What Are The Key Trends Of The Global Anesthesia And Respiratory Devices Market? The Surge In Wearable Respiratory Devices Enhancing Patient Monitoring And Healthcare Efficiency
The preference for wearable and portable medical devices is increasing and companies in the anesthesia and respiratory devices market are developing wearable respiratory devices to improve patient monitoring. Wearable respiratory devices are mainly worn on the torso and are used to calculate the patient’s breathing rate by measuring the 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. For instance, 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.
Regional Outlook For The Global Anesthesia And Respiratory Devices Market
Asia-Pacific was the largest region in the global anesthesia and respiratory devices market in 2024. North America was the second largest region in the global anesthesia and respiratory devices market. Eastern Europe was the smallest region in the global anesthesia and respiratory devices market. The regions covered in the anesthesia and respiratory devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the anesthesia and respiratory devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Anesthesia And Respiratory Devices Market?
The anesthesia and respiratory devices market consists of sales of instruments such as resuscitators, laryngoscopes, flexible intubation scopes, supraglottic airways, ventilator circuits, HME, and other anesthesia and respiratory instruments that are used for the diagnosis and treatment of respiratory diseases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Anesthesia And Respiratory Devices Industry?
The anesthesia and respiratory devices market research report is one of a series of new reports from The Business Research Company that provides anesthesia and respiratory devices market statistics, including anesthesia and respiratory devices industry global market size, regional shares, competitors with anesthesia and respiratory devices market share, detailed anesthesia and respiratory devices market segments, market trends and opportunities, and any further data you may need to thrive in the anesthesia and respiratory devices industry. This anesthesia and respiratory devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
