Anesthesia and respiratory devices market

Anesthesia and Respiratory Devices Market, by Product Type (Anesthesia Devices {Anesthesia Monitoring System (Advanced Anesthesia Monitor (Anesthesia Gas Monitor, Depth of Anesthesia Monitors, Standalone Capnography Monitors, and MRI Compatible Anesthesia Monitor) and Basic Anesthesia Monitors), Anesthesia Machines (Portable Anesthesia Machines and Standalone Anesthesia Machines), Anesthesia Workstation, Anesthesia Ventilators, and Anesthesia Disposables and Accessories}) and (Respiratory Devices (Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Inhalers, Humidifiers, Oxygen Concentrators, Reusable Resuscitators, Respiratory Mask, Nitric Oxide Delivery Units, and Others), Monitoring Devices (Pulse Oximeters, Capnographs, and Gas Analyzers), Diagnostic Devices (Spirometer, Peak Flow Meters, Polysomnography Devices, and Others) and Consumables and Accessories (Tracheostomy Tubes, Nasal Cannulas, and Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Oct 2022
CMI532
156 Pages
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Medical Devices

Summary

Anesthesia and respiratory devices are the medical devices used for several purposes such as anesthetic devices are used to administer and monitor anesthesia dose in critically ill patient at the time of surgery to reduce the pain and sensation, so that the surgery or operations can be carried out easily. Respiratory devices are used for diagnosis, prevention, and treatment of respiratory diseases such as asthma, cystic fibrosis, chronic obstructive pulmonary disease (COPD), and others.

Global anesthesia and respiratory devices market is estimated to be valued at US$ 32,565.8 million in 2022 and is expected to exhibit a CAGR of 6.1 % during the forecast period (2022-2030).

Figure 1.Global Anesthesia and Respiratory Devices Market Share (%), by Product Type, 2022

Global Anesthesia and Respiratory Devices Market: Drivers

Increasing number of product launches by the key market players is anticipated to propel the market growth

Increase in number of product launches by key market players is expected to drive growth of the global anesthesia and respiratory devices market over the forecast period. For instance, in October 2020, Midray Medical, a Chinese medical instrumentation manufacturer, launched A8 and A9 anesthesia machines in the U.K. market. A8 and A9 anesthesia machines are advanced anesthesia products, offering connectivity options and patient safety features and having integrated high flow nasal cannula (HFNC) technology within the anesthesia machine.

Figure 2.Global Anesthesia and Respiratory Devices Market Share (%), by Region, 2022

Increasing number of product approvals by regulatory authorities is expected to fuel growth of the anesthesia and respiratory devices market.

Increasing number of product approvals by regulatory authorities is expected to drive market growth over the forecast period. For instance, in April 2022, General Electrical Company announced that the U.S. Food and Drug Administration (FDA) approved company’s End-tidal (Et) Control software for general anesthesia delivery on its Aisys CS2Anesthesia Delivery System. Aisys CS2 Anesthesia Delivery System allows anesthesia providers to preset the desired end-tidal concentrations of oxygen and anesthetic agent.

Anesthesia and Respiratory Devices Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 32,565.8 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	6.1%	2030 Value Projection:	US$ 52,319.0 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Anesthesia Devices (Anesthesia Monitoring System (Advanced Anesthesia Monitor (Anesthesia Gas Monitor, Depth of Anesthesia Monitors, Standalone, Capnography Monitors, MRI Compatible Anesthesia Monitor), Basic Anesthesia Monitors), Anesthesia Machines (Portable Anesthesia Machines, Standalone Anesthesia Machines), Anesthesia Workstation, Anesthesia Ventilators, Anesthesia Disposables, Accessories), Respiratory Devices ( Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Inhalers, Humidifiers, Oxygen Concentrators, Reusable Resuscitators, Respiratory Mask, Nitric Oxide Delivery Units, Others), Monitoring Devices (Pulse Oximeters, Capnographs, Gas Analyzers), Diagnostic Devices (Spirometer, Peak Flow Meters, Polysomnography Devices, Others), Consumables and Accessories (Tracheostomy Tubes, Nasal Cannulas, Others))) By End User: Hospitals, Clinics, Ambulatory Surgical Centres, Home Care Settings
Companies covered:	Fisher and Paykel Healthcare, Invacare Corporation, GE Healthcare, Teleflex Incorporated, AstraZeneca Plc, Drägerwerk AG & Co. KGaAwerk AG, Medtronic Plc, Smiths Medical, OSI System, Getinge AB, Becton, Dickinson and Company, ResMed, Inc, Koninklijke Philips N.V., and 3M
Growth Drivers:	Increasing number of product launches Increasing number of product approvals by regulatory authorities
Restraints & Challenges:	Increasing number of product recalls

Global Anesthesia and Respiratory Devices Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another. However, the COVID-19 had a positive impact on the anesthesia devices and respiratory devices market, owing to the increase in the demand of respiratory devices such as ventilators across the globe. For instance, on August 26 2022, U.S. Food and Drug Administration (FDA) released an update about medical device shortage due to COVID-19 pandemic. Categories of devices in the device shortage list were Dialysis-Related Products, Personal Protective Equipment, Testing Supplies and Equipment and Ventilation-Related Products.

Global Anesthesia and Respiratory Devices Market: Key Developments

In August, 2022, Prescott's, Inc., provider of sales/service for all surgical microscopes, announced the company’s expansion into the anesthesia specialty service and support sector with the acquisition of Heartland Medical Sales & Service, a provider of capital medical equipment.

Global Anesthesia and Respiratory Devices Market: Restraint

Major factors restraining the global anesthesia and respiratory devices market growth include high instances of product recalls initiated by the U.S. Food and Drug administration (FDA). For instance, in February 2020, GE Healthcare, U.S-based Conglomerate Company, recalled Carestation 600 Series Anesthesia Systems due to loss of mechanical ventilation. FDA identified Carestation 600 Series Anesthesia Systems as a Class I recall, the most serious type of recall. According to the U.S. FDA, use of these devices may cause serious injuries or death.

Key Players

Major players operating in the global anesthesia and respiratory devices market include Paykel Healthcare, Invacare Corporation, GE Healthcare, Teleflex Incorporated, AstraZeneca Plc, Drägerwerk AG & Co. KGaAwerk AG, Medtronic Plc, Smiths Medical, OSI System, Getinge AB, Becton, Dickinson and Company, ResMed, Inc, Koninklijke Philips N.V., and 3M.

Table of Content

Table of Contents

*Browse 34 market data tables and 31 figures on "Global Anesthesia and Respiratory Devices Market” - forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global anesthesia and respiratory devices market during the forecast period (2022-2030)?

Global anesthesia and respiratory devices market size is estimated to be valued at US$ 32,565.8 million in 2022 and is expected to exhibit a CAGR of 6.1 % between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing product launches by the key market and increasing product approvals by regulatory authorities are expected to drive the market growth.

Which is the leading product type segment in the market?

Anesthesia devices is the leading product type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include product recalls.

Which are the major players operating in the market?

Major players operating in the market include Fisher and Paykel Healthcare, Invacare Corporation, GE Healthcare, Teleflex Incorporated, AstraZeneca Plc, Drägerwerk AG & Co. KGaAwerk AG, Medtronic Plc, Smiths Medical, OSI System, Getinge AB, Becton, Dickinson and Company, ResMed, Inc, Koninklijke Philips N.V., and 3M.