Anesthesia and Respiratory Devices Market Expected To Value US$21.6 bn By 2019

A new Transparency Market Research report states that the global anesthesia and
respiratory devices market stood at US$11.2 bn in 2012 and is predicted to reach
US$21.6 bn in 2019. It is expected to expand at a CAGR of 9.80% from 2013 to
2019. The title of the report is “Anesthesia and Respiratory Devices Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.
According to the report, the market for anesthesia and respiratory devices is
stimulated by the shifting preference of patients to home healthcare devices from
hospital care devices. In addition, the increasing number of surgeries, along with the
rising incidence of respiratory diseases, has further augmented the demand for
anesthesia and respiratory devices. Furthermore, the increasing aging population
having asthma, pulmonary diseases, and COPDs is predicted to augment the
development of the market in the coming years. The increasing funding by
governments in a number of countries has also impacted the market positively. On the
other hand, the unprogressive adoption of anesthesia information management
systems (AIMS) via hospitals is a chief factor that may impede the growth of the
anesthesia and respiratory devices market.
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On the basis of type, the anesthesia devices market is segmented into anesthesia
disposables and anesthesia machines. Amongst these, the segment of anesthesia
machines led the market in 2012. The segment of anesthesia delivery machines
represented the biggest value share in 2012. However, the market for anesthesia
monitors is poised to expand at a CAGR of more than 8% in the forecast horizon and
will thus surpass anesthesia delivery machines.
The respiratory devices market is segmented into respiratory equipment, respiratory
measurement devices, and respiratory disposables. The segment of respiratory
equipment is further segmented into humidifiers, nebulizers, positive airway pressure
devices, ventilators, inhalers, and oxygen concentrators. Amongst these, in the
coming years, the segment of positive airway pressure devices is expected to
experience the swiftest growth.
On the basis of geography, the global anesthesia and respiratory devices market is
segmented into North America, Asia, Europe, and Rest of the World (RoW). Amongst
these, the regional segment of Asia is poised to experience the greatest CAGR of
more than 10% in the forecast horizon. The reason for the dominance of this region is
the increasing disposable incomes of consumers and the rising number of people
having respiratory diseases in this region. Furthermore, the increasing number of
health reforms and the economic advancement in the region in recent years will
further raise government funding as well as the research and development activities
by prime players. This will further augment the growth of the market in Asia.
As per the report, the prime players operating in the market for respiratory and
anesthesia devices are Covidien, GE Healthcare, Drager, Getinge, Teleflex, and
Smith’s Medical, among others.
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