Anesthesia
is a state in which a person has temporary induced loss of sensation
or awareness provided by the anesthesia devices. Anesthesia device
provide accurate and continuous supply of medical gases mixed with an
accurate concentration of anesthetic vapor. Anesthesia provides
painless performance of medical procedures that could serve
intolerable pain to an un-anesthetized patient. There are three types
of anesthesia general anesthesia, sedation anesthesia and regional or
local anesthesia. While respiratory devices are used to provide
medication or to comfort patient who have difficulty in breathing and
cannot acquire sufficient level of oxygen to maintain life. Patient
with respiratory disease use various respiratory devices that help to
remove the mucus from the airway and improve the function of
pulmonary. Respiratory devices lead the market as compared with
anesthesia device as anesthesia devices has limited end user.
Furthermore,
increase in aging population who suffer from asthma, pulmonary
disease and chronic obstructive pulmonary disease is expected to
favor the anesthesia and respiratory device market. According to
world ageing population reports in the U.S. between 2015 and 2030,
the number of people in the world aged 60 years or over is projected
to grow by 56 per cent, from 901 million to 1.4 billion, and by 2050,
the global population of older persons is projected to more than
double its size in 2015, reaching nearly 2.1 billion. Increase in
number of surgeries worldwide also fuels the anesthesia and
respiratory device market. Moreover, continuous technical advancement
in anesthesia and respiratory devices is another driving force for
the growth of market.
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Anesthesia
and respiratory devices market taxonomy
By
Product Type
-
Anesthesia Devices
-
Anesthesia Machines
-
Anesthesia Disposables
-
Respiratory Devices
-
Respiratory Equipment
-
Respiratory Measurement Devices
By
End User
-
Anesthesia Devices
-
Hospital
-
Ambulatory Surgical Centers
-
Respiratory Devices
-
Hospital
-
Ambulatory Surgical Centers
-
Homecare Settings
Rise
in number of surgeries fuel the anesthesia and respiratory device
market
Anesthesia
devices are used commonly in all types of surgeries as they are
designed to provide an accurate and continuous supply of mixed
medical gases with anesthetic vapors which is delivered to patient at
a safe pressure and flow. According to Centers for Disease Control
and Prevention in year 2010, 16 million operative procedures were
performed in the U.S. whereas rise in number of patient who suffer
from respiratory disease favors growth of the market. According to
the Center for Disease Control and Prevention in year 2016 estimated
that 24 million people, including more than 6 million children have
asthma in the U.S.
Furthermore,
demand for anesthesia devices are rapidly increased due to growth in
safety awareness and technology enhancement. Moreover, Obstructive
sleep apnea also favor the growth of market as this type of apnea
occurs to throat muscles when they relax, which leads to blockage of
airway during sleep and so to the treat OBA disorder respiratory
devices are used.
Regional
growth engines of the anesthesia and respiratory device market
In
terms of geography anesthesia and respiratory device market is
segmented into North America, Europe, Asia Pacific, Middle East,
Latin America and Africa. Due to presence of high income and health
awareness in North America favors the growth of market. Additionally,
the leading cause of death in North America is chronic obstructive
pulmonary disease (COPD) as it is the third leading cause of death in
North America. The above statistics supports the growth of anesthesia
and respiratory device market.
Furthermore,
due to economic development, health reform by government and increase
in investment in research and development in Asia Pacific region is
expected to show growth in the market.
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The
key players dominating the global anesthesia and respiratory device
market
Providers
in the market offer a broad range of anesthesia and respiratory
device and introduction of low priced multi-featured devices in
market is increasing the product competition in market within the
manufactures. The key player operating the market of anesthesia and
respiratory device includes Fisher & Paykel Healthcare, Invacare,
GE Healthcare, Teleflex, Philips Healthcare, Drägerwerk AG,
Medtronic, Smiths Medical, OSI systems and Getinge AB.
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