Anesthesia And Respiratory Devices Market Predicted to Hit US$ 71.6 Billion by 2028

Anesthesia and respiratory devices represent specialized equipment designed to elevate the quality of patient care, particularly for individuals suffering from acute and chronic respiratory ailments. These devices encompass dosing units, respiratory equipment, and monitoring tools, collectively bolstering the efficiency of diagnostic, therapeutic, and monitoring processes. Their remarkable capability to automatically adapt to individual patient requirements ensures optimal inhalation and exhalation, making anesthesia and respiratory devices invaluable across various healthcare settings, including hospitals, clinics, home care, ambulatory care, and dialysis centers.

The global anesthesia and respiratory devices market size reached US$ 43.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.02% during 2023-2028.

The anesthesia and respiratory devices market experiences robust growth driven by several key factors. The increasing prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma, and tuberculosis among the general population, plays a pivotal role in this growth. Additionally, the expanding geriatric population, who are more susceptible to these conditions, the rising airborne infections, and escalating air pollution levels all contribute positively to market expansion. Furthermore, the growing number of individuals engaging in smoking and alcohol consumption due to busy lifestyles, as well as a surge in fatal road accidents resulting in severe injuries, further boosts the demand for anesthesia and respiratory devices in various countries. In addition, the introduction of favorable health insurance policies that offer financial support for a range of medical treatments, aimed at reducing healthcare expenses, along with a shift in preferences towards minimally invasive surgical procedures by both patients and healthcare professionals, acts as significant growth catalysts. Moreover, the continuous improvements in healthcare infrastructure, advancements in diagnostic technologies, and ongoing research and development (R&D) initiatives by key industry players to introduce innovative devices are expected to drive the anesthesia and respiratory devices market in the years to come.

The report provides detailed segmentation of the global anesthesia and respiratory devices market based on based on product type, end user and region.

Breakup by Product Type:

• Anesthesia Devices
  • Anesthesia Delivery Machines
  • Anesthesia Disposables and Accessories
  • Anesthesia Monitors
  • Anesthesia Information Management Systems
• Respiratory Devices
  • Therapeutic Devices
  • Masks
  • Ventilators
  • Nebulizers
  • Humidifiers
  • Oxygen concentrators
  • Inhalers
  • Reusable Resuscitators
  • Nitric Oxide Delivery Units
  • Capnographs
  • Gas Analyzers
  • Oxygen Hoods
• Monitoring Devices
• Diagnostic Devices
  • Spirometers
  • Polysomnography (PSG) Devices
  • Peak Flow Meters
• Consumables and Accessories
  • Disposable Resuscitators
  • Tracheostomy Tubes
  • Nasal Cannulas
  • Disposable Masks
  • Others

Breakup by End User:

• Hospitals
• Clinics
• Homecare Settings
• Ambulatory Service Centers

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

3M Company, Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, GE HealthCare (General Electric), Getinge AB, Hamilton Medical (Hamilton Bonaduz AG), ICU Medical Inc., Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, SunMed LLC and Teleflex Incorporated.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Anesthesia and Respiratory Devices Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape