The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s anesthesia and respiratory devices market report forecasts the anesthesia and respiratory devices market size to grow to $86.16 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Anesthesia And Respiratory Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/anesthesia-and-respiratory-devices-global-market-report

Anesthesia And Respiratory Devices Market Size Forecast
The global anesthesia and respiratory devices market is expected to grow from $51.73 billion in 2022 to $57.75 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The anesthesia and respiratory devices market is expected to grow to $86.16 billion in 2027 at a CAGR of 10.5%.

Asia-Pacific held the largest anesthesia and respiratory devices market share.

Key Anesthesia And Respiratory Devices Market Driver ­– Growth In Demand For Respiratory Devices
Growing demand for respiratory devices is expected to propel the growth of the anesthesia and respiratory devices market going forward. Respiratory devices support breathing, remove carbon dioxide, and provide therapy to prevent abdominal wall muscle atrophy from inactivity. It helps aid in the in the improvement of pulmonary function by removing any mucus in the respiratory airways. For instance, in July 2022, according to the Centers for Disease Control and Prevention, the federal agency for public health, in the United States, cigarette smoking accounted for more than 480,000 fatalities annually in June 2021, including more than 41,000 deaths from exposure to secondhand smoke. This amounted to around 1 in 5 fatalities yearly, or 1,300 fatalities per day. Therefore, growing demand for respiratory devices is driving the growth of the anesthesia and respiratory devices market.

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Key Anesthesia And Respiratory Devices Market Trend – Developing Wearable Respiratory Devices
The preference for wearable and portable medical devices is increasing and companies in the respiratory devices market are developing wearable respiratory devices to improve patient monitoring. Wearable respiratory devices are mainly worn on the torso and are used to calculate the patient’s breathing rate by measuring movements of the chest wall. They are available in various forms such as small dimensional sensors, belts, and band-aid-like devices. These devices are usually connected to speciality smartphone apps that capture and interpret data and store the data in cloud data repositories focusing on main areas of respiratory healthcare including pulse oximetry, pulmonary ventilation, air quality assessment, and activity tracking. Wearable respiratory devices reduce the workload of healthcare providers, improve the efficiencies of diagnostics, reduce costs incurred by patients in regular checkups and improve patients’ comfort. Researchers at the University of California and Khine Labs are investing in major research projects to develop comfortable wearables for patients suffering from respiratory diseases.

Anesthesia And Respiratory Devices Market Segment
1) By Type: Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Anesthesia And Respiratory Devices Market Major Players and Strategies
Major players in the anesthesia and respiratory devices market are Koninklijke Philips N.V., Resmed, Cardinal Health, Inc., 3M Company, Medtronic Inc., Boston Scientific Corporation, Fisher & Paykel Healthcare Corporation Limited, Olympus Corporation, Teleflex Inc., and Getinge Group.

The Anesthesia And Respiratory Devices Global Market Report 2023 covers regional data on anesthesia and respiratory devices market size, anesthesia and respiratory devices market trends and drivers, opportunities, strategies, and anesthesia and respiratory devices market competitor analysis. The countries covered in the anesthesia and respiratory devices market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Anesthesia and respiratory devices are used in the diagnosis and treatment of respiratory diseases. This market includes respiratory devices that are used to provide medication for medical conditions such as asthma, cystic fibrosis, acute cute respiratory distress syndrome, and others.

View More Reports Related To The Anesthesia And Respiratory Devices Market –
Anesthesia Disposables Global Market Report 2023
Respiratory Disposables Global Market Report 2023
Respiratory Monitoring Devices Global Market Report 2023

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