Global Anesthesia, Respiratory and Sleep Therapy Devices Market, By Device Type (Anesthesia Devices, Respiratory Devices, Therapeutic Obstructive Sleep Apnea Devices, Sleep Diagnostic Devices, Others), End User (Hospitals, Ambulatory Service Centers, Homecare, Clinics) – Industry Trends and Forecast to 2029.
Anesthesia, Respiratory and Sleep Therapy Devices Market Analysis and Size
An anaesthesia machine is a medical device that provides the patient with oxygen gas as well as other inhalation anaesthetics. The primary function of an anaesthesia machine is to provide inhalation anaesthetic and to assist patients in breathing. It can be used in any type of anaesthesia, including local, regional, and general anaesthesia.
Data Bridge Market Research analyses that the anesthesia, respiratory and sleep therapy devices market which was USD 12 billion in 2027 during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Anesthesia, Respiratory and Sleep Therapy Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Device Type (Anesthesia Devices, Respiratory Devices, Therapeutic Obstructive Sleep Apnea Devices, Sleep Diagnostic Devices, Others), End User (Hospitals, Ambulatory Service Centers, Homecare, Clinics)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Aerogen (Ireland), BD (U.S.), Medtronic (Ireland), Drägerwerk AG & Co. KGaA (Germany), General Electric (U.S.), Koninklijke Philips N.V. (Netherlands), ResMed (U.S.), Smiths Group plc. (U.K.), Teleflex Incorporated (U.S.), SunMed (U.S.), Masimo (U.S.), Hamilton Medical (Switzerland), 3M (U.S.), Ambu S/A (U.S.), Allied Healthcare Products, Inc. (U.S.), Rotech Healthcare Inc. (U.S.)
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Market Opportunities
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Market Definition
Anesthetic devices, also known as anaesthesia respiratory devices, are made up of a dosing unit, a respiratory device, and monitoring for both the device and the patient. Inhalation anaesthesia provides the patient with a mixture of air, oxygen, nitrous oxide and anaesthetic (For instance- isoflurane, sevoflurane, or desflurane). Anesthesia and respiratory devices help to improve the care of patients with acute and chronic respiratory diseases. They also aid in the improvement of diagnostic, therapeutic, and monitoring functions. They allow for automatic adjustment of inhalation and exhalation based on the patient's needs.
Global Anesthesia, Respiratory and Sleep Therapy Devices Market Dynamics
Drivers
- Rising demand of anaesthetics and respiratory devices
The growth of the market is due to increased demand for anaesthetics and respiratory devices as the prevalence of respiratory ailments and surgeries rise, driving the demand for these medical devices. Anesthesia and respiratory devices help to improve the care of patients with acute and chronic respiratory diseases. They also aid in the improvement of diagnostic, therapeutic, and monitoring functions. They comprise dosing units, monitoring equipment and respiratory devices. These all are the factors which propel the market.
- Increasing prevalence of sleep apnea
The rising prevalence of sleep apnea will increase demand for respiratory devices. Sleep apnea is defined as an involuntary cessation of breathing while the patient is sleeping. According to ResMed, 1 billion people worldwide have sleep apnea. As the number of patients diagnosed with sleep apnea rises, so the demand for respiratory devices used to treat sleep apnea. The rising prevalence of obstructive sleep apnea is expected to fuel the market growth for anaesthesia and respiratory and sleep therapy devices.
Opportunities
- Improved healthcare infrastructure
The rising preferences towards quality healthcare monitoring devices, the prevalence of improved healthcare infrastructure, and the growing demand for home care devices will further bring immense opportunities for the growth of the anesthesia, respiratory and sleep therapy devices market during the forecast period.
Restraints/Challenges
- Lack of trained or skilled healthcare providers
On the other hand, regulatory compliance along with harmful effects of devices, increasing cost of equipment will obstruct the market's growth rate. Furthermore, the low adoption rate of new technologies by healthcare providers will hamper the market growth. Another barrier to market growth will be a lack of trained or skilled healthcare providers. Stringent regulations imposed on the approval of medical devices will obstruct growth even more.
This anesthesia, respiratory and sleep therapy devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the anesthesia, respiratory and sleep therapy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Anesthesia, Respiratory and Sleep Therapy Devices Market Scope
The anesthesia, respiratory and sleep therapy devices market is segmented on the basis of device type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Device Type
- Anesthesia Devices
- Respiratory Devices
- Therapeutic Obstructive Sleep Apnea Devices
- Sleep Diagnostic Devices
- Others
End User
- Hospitals
- Ambulatory Service Centers
- Homecare
- Clinics
Anesthesia, Respiratory and Sleep Therapy Devices Market Regional Analysis/Insights
The anesthesia, respiratory and sleep therapy devices market is analysed and market size insights and trends are provided by country, device type and end user as referenced above.
The countries covered in the anesthesia, respiratory and sleep therapy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the anesthesia, respiratory and sleep therapy devices market due to the adoption of innovative technologies along with favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the rising awareness among the patients along with growing healthcare expenditure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Anesthesia, Respiratory and Sleep Therapy Devices Market Share Analysis
The anesthesia, respiratory and sleep therapy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to anesthesia, respiratory and sleep therapy devices market.
Some of the major players operating in the anesthesia, respiratory and sleep therapy devices market are:
- Aerogen (Ireland)
- BD (U.S.)
- Medtronic (Ireland)
- Drägerwerk AG & Co. KGaA (Germany)
- General Electric (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- ResMed (U.S.)
- Smiths Group plc. (U.K.)
- Teleflex Incorporated (U.S.)
- SunMed (U.S.)
- Masimo (U.S.)
- Hamilton Medical (Switzerland)
- 3M (U.S.)
- Ambu S/A (U.S.)
- Allied Healthcare Products, Inc. (U.S.)
- Rotech Healthcare Inc. (U.S.)
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