Anaesthesia and Respiratory Devices Market
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<strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong> <strong>Market</strong> - Global Growth, Trends, <strong>and</strong> Forecast-2023<br />
<strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong> <strong>Market</strong> Overview<br />
Anesthetic devices supply an accurate <strong>and</strong> continuous supply of medical gases associated with a precise<br />
concentration of anesthetic vapor <strong>and</strong> serve the purpose of an induced coma. <strong>Respiratory</strong> devices help<br />
in the elimination of mucus from the respiratory airways <strong>and</strong> consequently improve pulmonary function.<br />
<strong>Respiratory</strong> care devices are utilized for the diagnosis <strong>and</strong> treatment of respiratory diseases such as<br />
chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, <strong>and</strong> pneumonia. These devices<br />
provide intensive care to patients suffering from such acute <strong>and</strong> chronic respiratory diseases. Anesthesia<br />
devices are used while surgical procedures to control pain, breathing, blood pressure, blood flow, <strong>and</strong><br />
heart rate & rhythm.<br />
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There has also been a significant amount in a number of operative conditions (surgeries)<br />
globally, which presents a key opportunity for anesthesia devices market to raise. The global<br />
anesthesia <strong>and</strong> respiratory devices market is anticipated to witness moderate extension in the<br />
coming few years. Uninterrupted extension in this market can be accredited to the fast<br />
adoption of anesthesia information management systems, which have been implemented as an<br />
attempt to move the industry away from paper-based record keeping systems to further<br />
proficient electronic solutions. The establishment of several government-supported national<br />
statistical databases is driving this market. The high cost of advanced technology is mainly<br />
restraining the market.<br />
<strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong> <strong>Market</strong> Report (2018-2023)<br />
Global <strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong> <strong>Market</strong> was worth USD 21.72 billion in 2018 <strong>and</strong><br />
estimated to be growing at a CAGR of 8.8%, to reach USD 33.11 billion by 2023.<br />
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<strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong> <strong>Market</strong> Segmentation<br />
The global <strong>Anaesthesia</strong> <strong>and</strong> <strong>Respiratory</strong> devices market is divided on the basis of the device into<br />
<strong>Anaesthesia</strong> <strong>Devices</strong> <strong>and</strong> <strong>Respiratory</strong> <strong>Devices</strong>. Anesthesia <strong>Devices</strong> segment is additionally bifurcated into<br />
<strong>Anaesthesia</strong> Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic<br />
Masks, <strong>and</strong> Anaesthetic Accessories. <strong>Respiratory</strong> devices are also sub-segmented into Humidifiers,
Resuscitators, Breathing Circuits, Chambers, CPAP <strong>Devices</strong>, Masks, Oxygen Concentrators, Nebulizers,<br />
Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs, <strong>and</strong> Spirometers. The<br />
anesthesia machines are most ordinarily used in all types of surgeries as it is designed to present an<br />
accurate <strong>and</strong> continuous supply of medical gases mixed with anesthetic vapors.<br />
Based on geography the market is examined under several regions namely, North America, Europe, Asia-<br />
Pacific, Latin America, <strong>and</strong> Middle-East <strong>and</strong> Africa. North America dominates the market in terms of<br />
revenue because of the healthy innovation, constant research, <strong>and</strong> development along with the<br />
sophisticated healthcare infrastructure <strong>and</strong> positive reimbursement policies of the government. The<br />
Asia Pacific is anticipated to have the largest growth rate during the forecast period.<br />
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Major Players<br />
Some of the major companies operating in the current <strong>Market</strong> are<br />
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Philips Healthcare,<br />
OSI Systems <strong>and</strong> Mindray,<br />
GE Healthcare,<br />
Draegerwerk AG,<br />
Masimo,<br />
Getinge Group,<br />
Fisher <strong>and</strong> Paykel,<br />
Covidien,<br />
Airsep Corp.,<br />
Alung Technologies Inc.,<br />
Bomimed Inc.,<br />
3M,<br />
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Carefusion Inc.,<br />
Astra Zeneca,<br />
Invacare,<br />
ResMed,
Teleflex Inc.,<br />
Smiths Medical.<br />
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