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The anesthesia and respiratory devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 10%, as per The Business Research Company’s market report!

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The Anesthesia And Respiratory Devices Market Size In 2022 And Forecast

The global anesthesia and respiratory devices market grew from $45.25 billion in 2021 to $51.28 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The anesthesia and respiratory devices market is expected to grow to $74.95 billion in 2026 at a CAGR of 10.0%.

The anesthesia and respiratory devices market consists of sales of anesthesia and respiratory devices and related services by entities (organizations, sole traders, and partnerships) that produce anesthesia and respiratory devices used in the diagnosis and treatment of respiratory diseases.

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Competitive Landscape And The Regional Analysis Of The Anesthesia And Respiratory Devices Market

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.

Additionally, as per TBRC’s research – Asia Pacific was the largest region in the anesthesia and respiratory devices market in 2021 holding the largest market share.

The Anesthesia And Respiratory Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the anesthesia and respiratory devices market.

Developing Wearable Respiratory Devices – A Key Trend In The Anesthesia And Respiratory Devices Market

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.

Anesthesia And Respiratory Devices Market Segmentation By The Business Research Company

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

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