New York, NY -- (SBWire) -- 05/09/2019 --High prevalence of respiratory diseases, rise in population along with urbanization and increase in geriatric population is fueling the market demand.
This report on Anesthesia and Respiratory Devices Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
The Global Anesthesia and Respiratory Devices Market is forecast to reach USD 50.30 Billion by 2026, according to a new report by Reports and Data. These devices are used for diagnosis and treatment of respiratory diseases such as asthma, tuberculosis, pneumonia and chronic obstructive pulmonary disease (COPD). These devices help patients suffering from acute and chronic diseases and respiratory diseases.
Growth in people suffering from respiratory diseases 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.
Key participants 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
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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 healthcare 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 fueling 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 healthcare by the government will also encourage the growth of the market.
Further key findings from the report suggest
- Neuro-robotic Systems held a market share of 24% in the year 2018.
- 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 2018.
- 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 2018.
- Diagnostic Devices is forecasted to hold a market share of 26% in the year 2026. 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 2018. Research institutes are forecasted to hold a market share of 21% in the year 2026.
- 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 2018. 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 2026. High per capita income and investment in the healthcare sector boost the growth of the market in the region.
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Some of the key findings from our Anesthesia and Respiratory Devices Market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Anesthesia and Respiratory Devices Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
Segments covered in the report:
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; 2016-2026)
- Neuro-robotic Systems
- Brain Computer Interface
- Non-invasive Stimulators
- Wearable Device
Anesthesia Devices Outlook (Revenue, USD Billion; 2016-2026)
- Anesthesia Delivery Machines
- Anesthesia Disposables & Accessories
- Anesthesia Monitors
- Anesthesia Information Management Systems
Respiratory Devices Outlook (Revenue, USD Billion; 2016-2026)
- Therapeutic Devices
- Monitoring Devices
- Diagnostic Devices
- Consumables & Accessories
Application Outlook (Revenue, USD Billion; 2016-2026)
- Cerebral Palsy
- Parkinson's disease
- Spinal Cord Injury
- Traumatic Brain Injury
- Stroke
End Users Outlook (Revenue, USD Billion; 2016-2026)
- Cognitive Care Centers
- Hospitals
- Clinics
- Research Institutes
- Other End User
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
o U.S.
- Europe
o France
o UK
- Asia Pacific
o China
o India
o Japan
- Latin America
o Brazil
- MEA
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Anesthesia and Respiratory Devices Market in-Depth Analysis by Top Players: 3M, Becton, Dickinson and Company, Drägerwerk AG, GE Healthcare : Market Size by 2026 - USD 50
This Anesthesia and Respiratory Devices Market report covers the status of import and export, supply chain management, distribution channels, production volume, production capacity, product price, profit, sale and others elements.