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High prevalence of respiratory disease
s, rise in population along with urbanization and increase in geriatric population is fuel
ing the market
demand.
NEW YORK, NY, UNITED STATES, December 3, 2021 /EINPresswire.com / -- The Global Anesthesia and Respiratory Devices Market is forecast to reach USD 57.29 Billion by 2028, according to a new report by Reports and Data. These devices are used for diagnosis and treatment
of respiratory disease
s such as asthma, tuberculosis, pneumonia and chronic obstructive pulmonary disease
(COPD). These devices help patients suffering from acute and chronic disease
s and respiratory disease
s.
Growth in people suffering from respiratory disease
s coupled with a rise in the number of surgical procedure will boost the market
growth. Factors such as rapid urbanization, increase in geriatric population, rise in pollution, an increase in tobacco consumption, and growth in surgical procedures are also encouraging the growth of the market
.
Factors such as innovations in respiratory care devices and government
support for the launch of these devices also boost the market
. High demand for anesthesia and respiratory devices will also propel market
growth. Growing demand for therapeutic devices for homecare and increase in expenditure in health
care will provide ample opportunities for the growth of the market
.
North America dominates the market
for anesthesia and respiratory devices. High per capita income and awareness of health
in the developed region is fuel
ing the market
in this region. One of the leading cost of death in North America is chronic obstructive pulmonary disease
(COPD). This increases the demand for the product. Increasing investment
in health
care by the government
will also encourage the growth of the market
.
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Leading companies operating in the market
and profiled in the report include:
Ambu S/A, 3M Company, Becton, Dickinson and Company, Drägerwerk AG & Co., KGaA, Chart Industries Inc., Surgical Care Affiliates, Fisher & Paykel Healthcare Limited, GE Healthcare, Hamilton Medical AG, Invacare Corporation, Masimo Corporation, and ResMed Inc., among
Market Overview:
The pharmaceutical and health
care sector is rapidly expanding in terms of revenue in the recent years and is expected to register robust CAGR over the forecast period of 2028. Factors such as rapid advancements in the pharma and health
care sector, adoption of latest technologies, tools and equipment, emergence of various new disease
s and improvements in health
care facilities and infrastructure. In addition, rising health
care expenditure, increasing per capita income in the developing countries and favorable reimbursement policies are fuel
ing market
growth. Increasing funds by various public and private sectors and increasing investment
s to develop enhanced products and devices are also boosting market
growth. Moreover, increasing preference for ambulatory services and point of care services, and increasing funds for research centers and hospitals for drug discovery is expected to fuel
market
growth going ahead.
Competitive Landscape:
The report provides details about competitive landscape of global Anesthesia and Respiratory Devices market
focusing on every market
player, its global position, revenue generation product portfolio, company overview, financial
planning and business expansion plans. The global Anesthesia and Respiratory Devices market
is quite competitive and comprises various key players at global and regional levels. Key players are investing in research and development activities, and strategizing various plans such as mergers and acquisitions, partnerships, joint ventures, new product launches, to enhance their product base and strengthen their market
position.
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Further key findings from the report suggest
•Neuro-robotic Systems held a market
share of 24% in the year 2020.
•Anesthesia Delivery Machine aids in providing drugs to patients in pain. It transfers constant and accurate supply
of medical gases and anesthetic vapor at desired pressure and flow. It held a market
share of 27% in the year 2020.
•Therapeutic Devices such as infusion pumps, pacemakers, hemodialysers, ventilators, and spinal stimulators attempt to replace certain critical physiological functionalities or provide needed pain therapy. It held a market
share of 28% in the year 2020.
•Diagnostic Devices is forecasted to hold a market
share of 26% in the year 2028. It is used to identify the nature of certain phenomenon, generally related to a medical condition.
•Examples of diagnostic devices are magnetic resonance imaging apparatuses, temperature sensors or pacemakers.
•Hospitals held a market
share of 27% in the year 2020. Research institutes are forecasted to hold a market
share of 21% in the year 2028.
•Clinics are forecasted to have the highest market
growth rate of 7.5% throughout the forecast period.
•Cerebral Palsy held a market
share of 21% in the year 2020. Children who suffer from the disease
also have problem breathing and develop infections. Respiratory devices are commonly used among patient suffering from cerebral palsy.
•Europe is forecasted to hold a market
share of 24% in the year 2028. High per capita income and investment
in the health
care sector boost the growth of the market
in the region.
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For the purpose of this report, Reports and Data have segmented the global Anesthesia and Respiratory Devices Market on the basis of Product, Respiratory Devices, Anesthesia Devices, Application, End Users and Region:
Product Outlook (Revenue, USD Billion; 2020-2028)
•Neuro-robotic Systems
•Brain Computer Interface
•Non-invasive Stimulators
•Wearable Device
Anesthesia Devices Outlook (Revenue, USD Billion; 2020-2028)
•Anesthesia Delivery Machines
•Anesthesia Disposables & Accessories
•Anesthesia Monitors
•Anesthesia Information Management Systems
Respiratory Devices Outlook (Revenue, USD Billion; 2020-2028)
•Therapeutic Devices
•Monitoring Devices
•Diagnostic Devices
•Consumables & Accessories
Application Outlook (Revenue, USD Billion; 2020-2028)
•Cerebral Palsy
•Parkinson's disease
•Spinal Cord Injury
•Traumatic Brain Injury
•Stroke
End Users Outlook (Revenue, USD Billion; 2020-2028)
•Cognitive Care Centers
•Hospitals
•Clinics
•Research Institutes
•Other End User
Regional Outlook:
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
•Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
•Latin America (Brazil, Rest of LATAM)
•Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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