The global anesthesia and respiratory devices market size is expected to reach USD 49.4 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.6% over the forecast period. Increasing prevalence of respiratory diseases, patient preferences for reduced hospital stay, and supportive government funding are among the key driving factors.
Shifting
preference of patients towards reduced hospital stay is anticipated to increase
the adoption of anesthesia and breathing instruments, thereby, driving the
market. As per the American Hospital Association, approximately 20% of Medicare
beneficiaries, when discharged from hospital return within 30 days. Identifying
and reducing avoidable readmissions is expected to improve healthcare safety
and reduce spending. Hence, policymakers are striving to reduce hospital stays
of patients. The Patient Protection and Affordable Act, Congress initiated the
Hospital Readmission Reduction Program (HRRP) under which Medicare is allowed
to penalize hospitals for higher rates of readmissions since 2013. Due to the
implementation of this act, many physicians and patients opt for anesthesia and
breathing devices, such as ambulatory infusion pumps and home respiratory
monitors.
Furthermore,
aging is considered one of the greatest risk factors for the development of
sleep apnea disorders and is therefore, expected to be a high-impact rendering
driver for this market.
Key
players are also taking initiatives to develop advanced instruments with an aim
to bring improvement in the treatment. For instance, in April 2018, B. Braun
Medical Inc. announced to introduce Clorotekal, which is a U.S. Food and Drug
Administration (FDA) approved anesthetics for spinal anesthesia. Such initiatives
are anticipated to propel growth of the anesthesia and respiratory devices
market in the forthcoming years.
Full Research Report On Anesthesia & Respiratory Devices Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/anesthesia-and-respiratory-devices-market
Anesthesia &
Respiratory Devices Market Report Highlights
- On the basis
of product, respiratory devices is estimated to expand at the highest CAGR
in terms of revenue over the forecast period owing to rising prevalence of
cystic fibriosis, asthma, and tuberculosis. Positive airway pressure
devices led the segment owing to increasing incidence of Obstructive Sleep
Apnea (OSA)
- Asia Pacific
is expected to witness the fastest growth over the forecast period owing
to increasing healthcare expenditure and awareness among patients
- Few key
players operating in the anesthesia and respiratory devices market are
AirSep Corporation; B. Braun Medical Inc.; BD; Medtronic; Drager; GE
Healthcare; Philips Healthcare; ResMed; and Smiths Medical.
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Anesthesia &
Respiratory Devices Market Segmentation
Grand View Research has
segmented the global anesthesia and respiratory devices market on the basis of
product and region:
Anesthesia &
Respiratory Devices Product (Revenue, USD Million, 2015 - 2026)
- Anesthesia Devices
- Machines
- Delivery machines
- Portable
- Standalone
- Monitors
- Ventilators
- Workstations
- Disposables
- Disposables Masks
- Disposable Accessories
- Respiratory Devices
- Equipment
- Positive Airway Pressure
- Bi-level positive airway pressure devices
- Continuous positive airway pressure devices
- Ventilators
- Adult Ventilators
- Neonatal ventilators
- Nebulizers
- Pneumatic nebulizers
- Mesh nebulizers
- Ultrasonic nebulizers
- Humidifiers
- Heat humidifiers
- Heated wire breathing circuits
- Heat exchangers
- Pass over humidifiers
- Inhalers
- Dry powdered inhalers
- Metered dose inhaler
- Oxygen Concentrators
- Fixed oxygen concentrators
- Portable oxygen concentrators
- Reusable Resuscitators
- Disposables
- Disposable Oxygen Masks
- Resuscitators
- Tracheostomy Tubes
- Oxygen Cannula
- Measurement Devices
- Pulse Oximeters
- Capnographs
- Spirometers
- Peak Flow Meters
Anesthesia & Respiratory
Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- Saudi Arabia
- South Africa
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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