- Anesthesia, respiratory, and sleep therapy devices are increasingly essential components of modern healthcare infrastructure, providing critical support in surgical procedures, chronic respiratory disease management, and sleep disorder treatment across both hospital and homecare settings due to their enhanced functionality, portability, and remote monitoring capabilities
- The escalating demand for these devices is primarily fueled by the rising prevalence of conditions such as chronic obstructive pulmonary disease (COPD), obstructive sleep apnea (OSA), asthma, and the increasing number of surgical procedures globally. In addition, technological advancements such as smart CPAP machines, AI-integrated anesthesia workstations, and wireless respiratory monitors are reshaping patient care delivery
- North America dominated the anesthesia, respiratory and sleep therapy devices market with the largest revenue share of 38.3% in 2024, characterized by early adoption of advanced medical technologies, high healthcare spending, and a strong presence of key industry players. The U.S. is experiencing substantial growth in home-use respiratory and sleep therapy devices, driven by increasing awareness of sleep health and chronic respiratory conditions
- Asia-Pacific is expected to be the fastest growing region in the anesthesia, respiratory and sleep therapy devices market with CAGR of 7.8% during the forecast period due to increasing urbanization, rising healthcare infrastructure investments, expanding medical tourism, and growing awareness about respiratory and sleep disorders in countries such as China, India, and Japan
- The respiratory devices segment dominated the anesthesia, respiratory and sleep therapy devices market, with a market revenue share of 41.6% in 2024, driven by the increasing prevalence of chronic respiratory conditions such as COPD, asthma, and respiratory infections. Demand for oxygen concentrators, nebulizers, and ventilators surged particularly post-pandemic and continues due to aging populations and rising air pollution
