Portland, OR -- (SBWIRE) -- 06/26/2018 -- Respiratory devices help in removal of mucus from the respiratory airways and thereby improve pulmonary function. Anesthesia and respiratory devices market has experienced a promising growth rate over the past few years. The respiratory devices lead the market as compared to anesthetic devices, which has limited end users. Increased healthcare expenditure has shifted the preferences of patients from hospital care to home care. Therefore, the demand for portable devices for better healthcare monitoring is rising. This report analyses the global anesthesia and respiratory devices market, its trends and opportunities. The study also focuses on the market categorization, potential segments and global key leaders. This report identifies and provides a closer look towards emerging economies, which can be profitable markets in the near future. The study provides the realistic picture of competitors and their strategies to attain high profitability. Potential drivers that are responsible for generating the high demand for the anesthesia and respiratory devices include high frequency of respiratory illness that occurs in the form of COPD (Chronic Obstructive Pulmonary Diseases) and OSA (Obstructive Sleep Apnea).

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The factors responsible for these two conditions are primarily, ageing and rising levels of air pollution. There has also been a considerable mount in number of operative conditions (Surgeries) globally, which provides a key opportunity for anesthesia devices market to grow. Technological advancement in devices is another driving force for the growth of global anesthesia and respiratory devices market. However, the tax reforms and critical regulatory compliance procedures restrain the growth of this market in developed economies. Thus, these two factors have opened the avenues of emerging economies such as India, Brazil and China.

Global Anesthesia and Respiratory Devices Market by Products
The anesthesia devices market is sub-categorized as anesthesia machines and anesthesia disposables. An anesthesia machines dominates the total anesthesia devices market, whereas, anesthesia monitors market is growing with promising CAGR. The respiratory devices market comprises respiratory disposables, equipments and respiratory measurement devices. The positive airway pressure devices rule the therapeutic segment of respiratory equipments and pulse oximeter device market commands respiratory monitoring devices. Innovative technologies and long lasting batteries have majorly impacted the growth of this market.

Global Anesthesia and Respiratory Devices Market by Geography

Geographically, global anesthesia and respiratory devices market is bifurcated into North America, Europe, Asia and LAMEA. North America and Europe are the saturated destinations for anesthesia and respiratory devices market due to stringent regulations and unfavorable taxation polices. Asthma has rising incidences outside the U.S. and includes the countries, namely UK, Canada, Australia, New Zealand and Ireland. North America holds the largest share of anesthesia and respiratory device market. Asian economies are emerging as dominating markets for anesthesia and respiratory device due to their high healthcare awareness and augmented disposable income. Amongst the Asian countries, India and china are more promising due to large population pool and increased number of hospitals.

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Competitive Landscape
The key leaders for anesthesia and respiratory devices market include GE Healthcare and Covidien, who contribute to high percentage of total sale globally. The other leading companies around the globe are Getinge Group, Draegerwerk AG, Fischer & Paykel, ResMed, Teleflex Inc. and Philips Healthcare. Saturated western markets combined with tax reforms and regulatory burden forces the global big players to explore the profit from emerging economies. However, the leaders of these markets are retaining their position in developed economies with the help of innovative R&D and technological advancements.

High Level Analysis
The study proffers deep insights to the global anesthesia and respiratory devices market, its drivers, restraints, and opportunities. The study also presents the competitive landscape and focuses on the key players in the global anesthesia and respiratory devices market. The investigation done with Porter's five force model would assist in identifying the potential of a firm to make profits. Large pool of population suffering from COPD and OSA generates the demand for more number of equipment and thereby increases the bargaining power of suppliers. High bargaining power of buyer is a result of shift in patient preferences to home care. Stringent regulatory compliance is one of the major hurdles for new entrants.