Advances in technology have spurred the market growth. Manufacturers are focusing on the aspect of portability of these devices; along with the addition of connectivity features to it. These have helped in seamless data transfer and expedited the treatment process.
The global anesthesia and respiratory devices market is expected to witness moderate growth in the coming five years. Respiratory devices account for the largest share (about 57%) in this market; primarily due to their wide usage among the three consumer segments (healthcare institutions, home healthcare and transport) as compared to anesthesia devices; which have limited usage amongst the end-users. Medical tourism and rising healthcare expenditure in emerging economies provide growth opportunities for the anesthesia devices as new healthcare facilities come up in these regions. On the other hand, rising incidence of respiratory diseases such as obtrusive sleep apnea (OSA) and chronic obstructive pulmonary diseases (COPD); along with aging population are amongst the major factors influencing market growth for respiratory devices.The market for anesthesia and respiratory devices is fragmented with major players accounting for about 50% of the market. GE Healthcare and Covidien have a combined market share of over 23%. The other key players in the market include Philips Healthcare, Getinge Group, Draegerwerk AG, and Teleflex Inc.
Original source: Respiratory Devices Market, Respiratory Device Market
Markets CoveredThis research report categorizes the anesthesia and respiratory devices market into the following:
- Anesthesia devices: anesthesia machines, anesthesia disposables
- Respiratory devices: respiratory disposables, respiratory devices and respiratory measurement devices
Original source: Anesthesia Market, Anesthesia Devices Market
Stakeholders
- The targeted audience for this report includes:
- Anesthesia and respiratory devices manufacturers
- Anesthesia and respiratory devices distributors
- Healthcare institutions
- Market information was obtained through secondary research on company websites and news articles.
- Market size of the segments was calculated using the bottom-up approach.
- Market revenues of key players were determined by primary and secondary research, which includes study of the annual reports of the company and interviews with Key opinion leaders (KOLs), CEOs, directors and managers.
