Press Release

Anesthesia and Respiratory Devices Market Growth – Key Futuristic Trends And Competitive Landscape 2018-2023

May 17, 2019 9:49 pm CDT

360 MARKET UPDATES Report provides a 360-degree overview of the global Anesthesia & Respiratory Devices Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Anesthesia & Respiratory Devices

Report Title: “Global Anesthesia & Respiratory Devices Market – Segmented by Product Type, Application, Marker Type and Geography – Growth, Trends and Forecasts (2018 – 2023)”

Global “Anesthesia & Respiratory Devices Market” is expected to register a CAGR of approximately 10.29% during the forecast period of (2018 – 2023). Also, Anesthesia & Respiratory Devices Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Anesthesia & Respiratory Devices Analysis.

Anesthesia & Respiratory Devices market Report provides a 360-degree overview of the global Anesthesia & Respiratory Devices market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Anesthesia & Respiratory Devices Market Report Covers Leading Manufacturers: 3M, AIRSEP CORP, ALUNG TECHNOLOGIES INC., ASTRAZENECA, BOMIMED INC., CAREFUSION INC., COVIDIEN PLC, DRAGERWERK AG, FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED, GE HEALTHCARE, amongst others.

Get Sample PDF of Report – https://www.360marketupdates.com/enquiry/request-sample/12883519

As of 2017, the market for anesthetic & respiratory devices reached a value of USD 20.5 billion. This market is expected to reach USD 36.9 billion by 2023, at a CAGR of about 10.29% during 2018-2023 (the forecast period).

Increasing Number of Surgeries

The demand for various anesthetic drugs is directly related to the number of surgeries performed. Anesthesia is a necessity in almost every type of surgery, as it helps in reducing the pain during the procedure. On the global level, over 230 million surgeries are performed every year. In the coming years, with the growing population, longer life expectancy, increasing diseases resulting in surgical requirements, and rising number of injuries, the demand for anesthetic drugs is expected to increase. Also, this demand is being affected by the growing safety awareness and the technology enhancements in anesthesia machines. Low-flow anesthesia and electronic medical records dominate the current anesthesia market, which is affecting the savings across the healthcare industry. The growing patient populations, suffering from sleep disorders, such as Obstructive Sleep Apnea (OSA), and respiratory diseases, such as Chronic Obstructive Pulmonary Diseases (COPD), has been the major growth driver for this market.

Side Effects of General Anesthetics

Many general anesthetic drugs can cause physiological changes, like blood pressure variations, and due to this, a trained anesthesiologist should continuously monitor the patient’s blood pressure levels. Regional anesthesia have potential side effects, which include back pain, difficulty in urinating, hematoma, and severe complications, such as pneumothorax and nerve damage. Local anesthesia numbs the targeted body part; hence, the adverse aftereffects are minimum and depend on the amount of the drug administered. Moreover, the side effects of general anesthesia and the patient’s reluctance toward using it are restraining the growth of this segment.
The decrease in the reimbursements provided by governments for medical equipment and increased availability of aftermarket service that prolongs the life of a facilitys existing equipment are the challenges restraining the market growth.

North America Holds the Major Market

North America occupies a major share of 32% of the market. This fact can be attributed to the high per capita income of the North American population and the rapidly rising patient population. Following North America is Europe with the second-largest market share of about 29%. Recent trends show that emerging countries are likely to witness an increase in their growth rates, due to the increasing per capita income and the rapidly growing patient population.

Order a Copy Of Anesthesia & Respiratory Devices Market Report  https://www.360marketupdates.com/purchase/12883519

Reasons to Purchase Anesthesia & Respiratory Devices Market Report:

  • Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge. 
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
  • The authentication mode is likely to witness the highest adoption of these systems in the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel). 

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

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