The Asia-Pacific Anaesthesia and Respiratory Devices Market was worth USD 3.48 billion in 2016 and estimated to be growing at a CAGR of 9.61%, to reach USD 5.56 billion by 2021. Asia Pacific is expected to have the highest growth rate during the forecast period.
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Manufacturers of anaesthesia and respiratory devices are continuously taking efforts to upgrade their technology to produce better products. Over the past few years, the choice of people has shifted from hospital care to home health care services. This has encouraged top players to bring in varieties of portable medical devices. The accessibility of a variety of home healthcare devices has propelled the global market in the recent past.
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Rise in the number of people with respiratory ailments like COPD, asthma, sleep apnoea and other such disorders, technological advancements in the device design, boost in IT and software for improvement in the performance of the devices, growth in the geriatric population, increase in environmental pollution and rising demand for telemedicine are the major factors driving the anaesthesia and respiratory devices market. Increasing alternative therapies are key constrain for the market.
The Asia-Pacific Anaesthesia and Respiratory devices market is segmented on the basis of device into Anaesthesia Devices and Respiratory Devices. Anaesthesia devices segment is further bifurcated into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories. Respiratory devices are also sub segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers. The anaesthesia machines are most commonly used in all types of surgeries as it is designed to provide an accurate and continuous supply of medical gases mixed with anaesthetic vapours.
Based on geography the market is analysed under various countries namely, China, India, Japan, South Korea and Australia. China and India are the fastest growing regions for anaesthesia and respiratory devices market.
Some key players in the anaesthesia and respiratory devices market are Philips Healthcare, OSI Systems and Mindray, GE Healthcare, Draegerwerk AG, Masimo, Getinge Group, Fisher and Paykel, Covidien, Airsep Corp., Alung Technologies Inc., Bomimed Inc., 3M, Carefusion Inc., Astra Zeneca, Invacare, ResMed, Teleflex Inc., and Smiths Medical.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.