DUBLIN--(BUSINESS WIRE)--The "Anesthesia and Respiratory Devices Market by Product [Anesthesia and Respiratory Devices ] and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global anesthesia and respiratory devices market accounted for $23,446 million in 2016, and is estimated to reach $38,298 million by 2023, registering a CAGR of 7.2% from 2017 to 2023.
Respiratory care is a healthcare specialty focused on improving cardiopulmonary functions and promoting health and wellness. Respiratory care devices are majorly classified into therapeutic, diagnostic & monitoring devices, and consumables & accessories. These devices are used to deal with medical conditions, such as asthma, chronic obstructive pulmonary disease (COPD), and other acute & chronic respiratory diseases, in hospitals and homecare settings. Anesthesia is a medical procedure used to provide sedation to the patients using anesthetics to control pain during the course of a surgery.
Advancements in technology, growth in geriatric population, and increase in tobacco consumption drive the market. In addition, heavy usage of anesthesia and prevalence of invasive surgeries fuel the growth of the market. Moreover, high demand for respiratory therapeutic devices in homecare settings and increase in healthcare expenditure are anticipated to provide lucrative growth opportunities for the market players.
In 2016, North America was the dominant revenue contributor, owing to the large number of clinical trials conducted in the region, presence of well-developed healthcare infrastructure, and high adoption rate of advanced technology. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to presence of populace countries such as India and China, leading to availability of large patient population and rise in healthcare expenditure.
- Teleflex Incorporated
- Smiths Group Plc.
- ResMed Inc.
- Medtronic Plc.
- Masimo Corporation
- Koninklijke Philips N.V.
- Invacare Corporation
- Hamilton Medical AG
- GE Healthcare
- Fisher & Paykel Healthcare Limited
- Drgerwerk AG & Co. KGaA
- Chart Industries Inc.
- Dickinson and Company
- Ambu S/A
- 3M Company
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Anesthesia And Respiratory Devices Market By Product
5: Anesthesia And Respiratory Devices Market By End Users
6: Anesthesia And Respiratory Devices Market By Region
7: Company Profiles
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