The global anesthesia and respiratory devices market size accounted for USD 43.56 billion in 2022 and is projected to hit around USD 81.9 billion by 2030, growing at a CAGR of 8.21% from 2022 to 2030.
Patients with injured respiratory organs are given the necessary amount of oxygen via respiratory devices. Devices for anesthesia are used to alleviate pain, regulate respiration and blood pressure, and track the heart rate and blood flow. Devices for anesthesia aid in creating a momentary absence of sensation. As a result, surgical treatments can be carried out more precisely. Hospitals, ambulatory service providers, homecare providers, and clinics all employ anesthetic and respiratory devices.
Obstructive sleep apnea (OSA) and chronic obstructive pulmonary disease (COPD), fast urbanization, an increase in the number of surgical procedures, rising pollution levels, and a rise in the elderly population are all contributing factors to this trend.
Anesthesia and Respiratory Devices Market Growth
One of the main factors propelling the growth of the global anesthesia & respiratory devices market is the rising frequency of respiratory ailments, rapid increase in the older population, and widespread use of tobacco products. Additionally, the market is being fueled by consumer preferences for oxygen therapy delivered at home and technology advancements that provide new oxygen therapy delivery technologies. Long-term market expansion will also be supported by major important players putting more emphasis on technical advancements.
Report Scope Of Anesthesia and Respiratory Devices Market
|Market Size In 2022||US$ 43.56 Billion|
|Market Size By 2030||US$ 81.9 Billion|
|Growth Rate From 2022 to 2030||CAGR of 8.21%|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Companies Mentioned||Philips Healthcare, Medtronic Plc., Getinge Group, Masimo, Draegerwerk AG, Smith’s Medical, ResMed and Teleflex Inc., OSI Systems|
Anesthesia and Respiratory Devices Market Highlight
Product Insight: The anesthesia and respiratory devices market has been divided into markets for anesthesia monitoring devices, anesthesia delivery systems, and respiratory devices based on the product. The market for anesthesia monitoring devices is further divided into integrated anesthesia workstations, advanced anesthesia monitors, and basic anesthesia monitors. The market for respiratory equipment is further divided into the therapeutic, monitoring, diagnostic, consumables and accessories, and anesthetic disposables and accessories categories.
End-User Insights: The anesthetic and respiratory devices market has been divided into hospitals, ambulatory service providers, homecare providers, and clinics based on the end users.
The worldwide anesthesia and respiratory devices market was dominated by North America in 2021, and this trend is anticipated to continue during the forecast period. As the number of people suffering from COPD is increasing significantly, it is expected that the market for anesthetic and respiratory devices in the U.S. would expand. Due to a significant increase in the older population, Japan accounted for the largest market share in the Asia Pacific. It is anticipated that a significant portion of the population in developing countries like China and India will experience lung illnesses.
Anesthesia and Respiratory Devices Market Dynamics
A few of the key reasons driving the expansion of the global anesthesia & respiratory devices market are the rising frequency of respiratory illnesses, the rapid increase in the older population, and the widespread use of tobacco products. Additionally, the market’s expansion is being fueled by a preference for oxygen therapy administered at home and technology advancements that provide new products that deliver oxygen therapy.
The expansion of the anesthetic and respiratory devices market will be slowed down by a lack of technological resources in every income countries. Additionally, a lack adoption rate of new technology by healthcare professionals would hinder market expansion. Another obstacle to the expansion of the business will be the shortage of professional or educated healthcare personnel in these areas. Increased growth challenges will result from strict regulations imposed on the approval of medical equipment.
- Medtronic and GE Healthcare began working together in April 2022 with the goal of concentrating on the distinct demands and needs for care at ambulatory surgical centers (ASCs).
Anesthesia and Respiratory Devices Market Leaders:
- Masimo Corporation
- AirSep Corporation
- Smiths Medical
- GE Healthcare
- Philips Healthcare
- Braun Medical Inc.
- Drägerwerk AG & Co
- Getinge AB
- Teleflex Inc
- Anesthesia Devices
- Delivery machines
- Respiratory Devices
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
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