Anesthesia and Respiratory Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jun 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Anesthesia is a state in which a person has temporary induced loss of sensation or awareness provided by the anesthesia devices. Anesthesia device provide accurate and continuous supply of medical gases mixed with an accurate concentration of anesthetic vapor. Anesthesia provides painless performance of medical procedures that could serve intolerable pain to an un-anesthetized patient. There are three types of anesthesia general anesthesia, sedation anesthesia and regional or local anesthesia. While respiratory devices are used to provide medication or to comfort patient who have difficulty in breathing and cannot acquire sufficient level of oxygen to maintain life. Patient with respiratory disease use various respiratory devices that help to remove the mucus from the airway and improve the function of pulmonary. Respiratory devices lead the market as compared with anesthesia device as anesthesia devices has limited end user.

Furthermore, increase in aging population who suffer from asthma, pulmonary disease and chronic obstructive pulmonary disease is expected to favor the anesthesia and respiratory device market. According to world ageing population reports in the U.S. between 2015 and 2030, the number of people in the world aged 60 years or over is projected to grow by 56 per cent, from 901 million to 1.4 billion, and by 2050, the global population of older persons is projected to more than double its size in 2015, reaching nearly 2.1 billion.  Increase in number of surgeries worldwide also fuels the anesthesia and respiratory device market. Moreover, continuous technical advancement in anesthesia and respiratory devices is another driving force for the growth of market.

Anesthesia and respiratory devices market taxonomy

By Product Type

  • Anesthesia Devices
  • Anesthesia Machines
  • Anesthesia Disposables
  • Respiratory Devices
  • Respiratory Equipment
  • Respiratory Disposables
  • Respiratory Measurement Devices

By End User

  • Anesthesia Devices
  • Hospital
  • Ambulatory Surgical Centers
  • Respiratory Devices
  • Hospital
  • Ambulatory Surgical Centers
  • Homecare Settings

Rise in number of surgeries fuel the anesthesia and respiratory device market

Anesthesia devices are used commonly in all types of surgeries as they are designed to provide an accurate and continuous supply of mixed medical gases with anesthetic vapors which is delivered to patient at a safe pressure and flow. According to Centers for Disease Control and Prevention in year 2010, 16 million operative procedures were performed in the U.S. whereas rise in number of patient who suffer from respiratory disease favors growth of the market. According to the Center for Disease Control and Prevention in year 2016 estimated that 24 million people, including more than 6 million children have asthma in the U.S.

Furthermore, demand for anesthesia devices are rapidly increased due to growth in safety awareness and technology enhancement. Moreover, Obstructive sleep apnea also favor the growth of market as this type of apnea occurs to throat muscles when they relax, which leads to blockage of airway during sleep and so to the treat OBA disorder respiratory devices are used.

Regional growth engines of the anesthesia and respiratory device market  

In terms of geography anesthesia and respiratory device market is segmented into North America, Europe, Asia Pacific, Middle East, Latin America and Africa. Due to presence of high income and health awareness in North America favors the growth of market. Additionally, the leading cause of death in North America is chronic obstructive pulmonary disease (COPD) as it is the third leading cause of death in North America. The above statistics supports the growth of anesthesia and respiratory device market.

Furthermore, due to economic development, health reform by government and increase in investment in research and development in Asia Pacific region is expected to show growth in the market.

The key players dominating the global anesthesia and respiratory device market

Providers in the market offer a broad range of anesthesia and respiratory device and introduction of low priced multi-featured devices in market is increasing the product competition in market within the manufactures. The key player operating the market of anesthesia and respiratory device includes Fisher & Paykel Healthcare, Invacare, GE Healthcare, Teleflex, Philips Healthcare, Drägerwerk AG, Medtronic, Smiths Medical, OSI systems and Getinge AB.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.