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Anaesthesia And Respiratory Devices Market Analysis 2018 to 2023, Major Key Players Review | Philips Healthcare, OSI Systems and Mindray, GE Healthcare, Draegerwerk AG, Masimo, Getinge Group, Fisher and Paykel
Anaesthesia and Respiratory Devices Market OverviewAnaesthetic devices supply accurate and continuous supply of medical gases mixed with a precise concentration of anesthetic vapor and serves the purpose of induced coma. Respiratory devices help in elimination of mucus from the respiratory airways and thus improve pulmonary function
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The global anesthesia and respiratory devices market is expected to witness moderate growth in the coming few years. Uninterrupted growth in this market can be accredited to the quick adoption of anaesthesia information management systems, which have been implemented as an attempt to move the industry away from paper-based record keeping systems to more proficient electronic solutions. The establishment of various government-supported national statistical databases is driving this market. High cost of advanced technology is majorly restraining the market
Anaesthesia and Respiratory Devices Forecast Report (2018-2023)
Global Anaesthesia and Respiratory Devices Market was worth USD 21.72 billion in 2018 and estimated to be growing at a CAGR of 8.8%, to reach USD 33.11 billion by 2023.
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Anaesthesia and Respiratory Devices Segmentation
The global Anaesthesia and Respiratory devices market is segmented on the basis of device into Anaesthesia Devices and Respiratory Devices. Anaesthesia devices segment is further bifurcated into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories. Respiratory devices are also sub segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers. The anaesthesia machines are most commonly used in all types of surgeries as it is designed to provide an accurate and continuous supply of medical gases mixed with anaesthetic vapors.
Based on geography the market is analyzed under various regions namely, North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America dominates the market in terms of revenue due to the healthy innovation, constant research and development along with the sophisticated healthcare infrastructure and positive reimbursement policies of the government. Asia Pacific is expected to have the highest growth rate during the forecast period.
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Major Players:
The major companies dominating this market for its products and services are
• Philips Healthcare,
• OSI Systems
• Mind ray,
• GE Healthcare,
• Draegerwerk AG,
• Masimo,
• Getinge Group,
• Fisher and Paykel,
• Covidien,
• Airsep Corp.,
• Alung Technologies Inc.,
• Bomimed Inc.,
• 3M,
• Care fusion Inc.,
• Astra Zeneca,
• Invacare,
• ResMed,
• Teleflex Inc.,
• Smiths Medical.
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