High prevalence of respiratory diseases, rise in population along with urbanization and increase in geriatric population is fueling the market demand.
The Global Anesthesia and Respiratory Devices Market is forecast to reach USD 57.29 Billion by 2028, according to a new report by Reports and Data. These devices are used for diagnosis and treatment of respiratory diseases such as asthma, tuberculosis, pneumonia and chronic obstructive pulmonary disease (COPD). These devices help patients suffering from acute and chronic diseases and respiratory diseases.
Growth in people suffering from respiratory diseases coupled with a rise in the number of surgical procedure will boost the market growth. Factors such as rapid urbanization, increase in geriatric population, rise in pollution, an increase in tobacco consumption, and growth in surgical procedures are also encouraging the growth of the market.
Factors such as innovations in respiratory care devices and government support for the launch of these devices also boost the market. High demand for anesthesia and respiratory devices will also propel market growth. Growing demand for therapeutic devices for homecare and increase in expenditure in healthcare will provide ample opportunities for the growth of the market.
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The rapid adoption of AI, ML, and IoT and robust data management processes has made the hospitals and clinical settings smarter. New technologies and solutions have improved the normal medical processes such as clinical diagnosis, treatment, diseases management, and monitoring patient recovery after discharge. Rapid digitalization and increasing adoption of virtual care and telemedicine is further expected to positively impact the revenue growth of the market going ahead.
Emergence of new healthcare and telemedicine startups, increasing number of collaborations among healthcare facilities and research institutions, and rising focus on patient engagement solutions has further fueled revenue growth of the market. Key companies are forming strategic alliances and collaborative ventures such as mergers and acquisitions, joint ventures, partnerships, manufacturing and licensing agreements, and product launches among others.
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Leading Players Analyzed in the Report:
Ambu S/A, 3M Company, Becton, Dickinson and Company, Drägerwerk AG Co., KGaA, Chart Industries Inc., Surgical Care Affiliates, Fisher Paykel Healthcare Limited, GE Healthcare, Hamilton Medical AG, Invacare Corporation, Masimo Corporation, and ResMed Inc., among
Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.
The report further discusses in detail the regional spread of the global Anesthesia and Respiratory Devices market along with analysis of production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.
Key Regions Studied in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Segmentation based on Types:
Product Outlook (Revenue, USD Billion; 2020-2028)
- Neuro-robotic Systems
- Brain Computer Interface
- Non-invasive Stimulators
- Wearable Device
Anesthesia Devices Outlook (Revenue, USD Billion; 2020-2028)
- Anesthesia Delivery Machines
- Anesthesia Disposables Accessories
- Anesthesia Monitors
- Anesthesia Information Management Systems
Respiratory Devices Outlook (Revenue, USD Billion; 2020-2028)
- Therapeutic Devices
- Monitoring Devices
- Diagnostic Devices
- Consumables Accessories
Application Outlook (Revenue, USD Billion; 2020-2028)
- Cerebral Palsy
- Parkinson's disease
- Spinal Cord Injury
- Traumatic Brain Injury
End Users Outlook (Revenue, USD Billion; 2020-2028)
- Cognitive Care Centers
- Research Institutes
- Other End User
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