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

IMARC Group, a leading market research company, has recently releases report titled “Anesthesia and Respiratory Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global anesthesia and respiratory devices market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Anesthesia and Respiratory Devices Market

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.

How Big Is the Anesthesia and Respiratory Devices Market?

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.

What Are the Growth Prospects and Trends in The Anesthesia and Respiratory Devices Industry?

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.

What is included in market segmentation?

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: