Hyderabad, India -- (SBWire) -- 02/21/2018 --According to a new market research report " Anaesthesia and Respiratory Devices Market by Device (Anaesthesia Devices (Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories) and Respiratory Devices (Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 27.97 Billion by 2021 from USD 18.35 Billion in 2016, at a CAGR of 8.8%. Factors such as support programs made by the government in establishing national statistical databases and technological advancements in the medical industry are driving the growth of this market.
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By anaesthesia devices, anaesthesia machines segment accounted for the largest market share in 2016
By Anaesthesia devices, the Anaesthesia and Respiratory Devices Market is classified into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories. The anaesthesia machines segment dominated the Anaesthesia and Respiratory Devices Market in 2016 as they are most commonly used and efficient in supplying medical gases mixed with anaesthetic vapours continuously.
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By respiratory devices, the CPAP devices segment dominated the market in 2016
By respiratory devices, the market is segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers. The CPAP devices segment accounted for the largest share of the global Anaesthesia and Respiratory Devices Market in 2016.
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North America is estimated to command the largest share of the market
Based on region, the Anaesthesia and Respiratory Devices Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America dominated the Global Anaesthesia and Respiratory Devices Market in 2016. This is attributed to factors such as accessibility to advanced technologies and opportunities for research and favourable reimbursement facilities made by government.
Key players in the Global Anaesthesia and Respiratory Devices Market include Philips Healthcare, GE Healthcare, Draegerwerk AG, OSI Systems and Mindray, Getinge Group, Masimo, Covidien, Fisher and Paykel, Alung Technologies Inc., Airsep Corp., 3M, Carefusion Inc., Bomimed Inc., Astra Zeneca, ResMed, Teleflex Inc., Invacare and Smiths Medical.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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