April 21, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, New York, April 21, 2022 (GLOBE NEWSWIRE) -- Growing population with respiratory diseases including chronic ailments is a key driver for the clinical demand for anesthesia and respiratory devices market. Advancements in anesthesia and respiratory devices are especially benefitting patients in intensive care units and those undergoing surgeries and treatment for chronic pulmonary diseases. The global anesthesia and respiratory devices market valuation is projected to reach US$ 68.58 Bn by 2028.
The introduction of next-age anesthesia machines is likely to significantly enrich the practice of anesthesiology, especially for intensive care unit patients, which will shape the winning imperatives for med-tech companies in the anesthesia and respiratory devices market. The authors of an in-depth report on the market observed that several companies have expanded their product portfolio on the lines of technologically-advanced components of the respiratory equipment.
Growing indications of complex surgeries in a rapidly aging population has spurred product innovation in anesthesia machines. These have been found to account for the major share of the anesthesia and respiratory devices market globally. Increased importance of burden of chronic obstructive pulmonary diseases in public health policies is catalyzing product developments.
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Key Findings of Anesthesia and Respiratory Devices Market Study
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Anesthesia and Respiratory Devices Market: Key Drivers
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Anesthesia and Respiratory Devices Market: Regional Growth Dynamics
Anesthesia and Respiratory Devices Market: Key Players
Some of the prominent players in the anesthesia and respiratory devices market are Teleflex Incorporated, Smiths Medical, Philips Healthcare, GE Healthcare, Fisher & Paykel Healthcare, Getinge Group, Draegerwerk AG & Co. KGaA, Covidien plc, CareFusion Corporation, B. Braun Melsungen AG, and AirSep Corporation.
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Anesthesia and Respiratory Devices Market, by End user
Anesthesia and Respiratory Devices Market, by Region
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Respiratory Devices Market: Rising awareness regarding application of respiratory devices and associated benefits is expected to boost the market in coming years. Adoption of on-demand and continuous Portable Oxygen Concentrator (POC) in a wide range of applications including emergency medicine is emerging as a fresh growth prospect for expansion of the global respiratory devices market.
Depth of Anesthesia Monitoring Devices Market: Advanced technologies hold promising potentials in patient monitoring. Innovations in neuro-muscular transmission (NMT) and anesthesia gas module (AGM) are creating revenue opportunities for device manufacturers in the depth of anesthesia monitoring devices market.
Anesthesia Monitoring Devices Market: The geriatric population is highly prone to degenerative diseases and chronic illnesses which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, thus would drive the growth of the anesthesia monitoring devices market.
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