PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1555086
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1555086
The breathing circuits market is expected to grow to USD 2.16 billion by 2029 from an estimated USD 1.57 billion in 2024, at a CAGR of 6.5% during the forecast period. Improvements in breathing circuit technology is one of the major drivers of the market. Within the past couple of years, new initiatives and efforts taken towards enhancing safety, comfort, and efficiency-oriented development have resulted in increasingly sophisticated and efficient forms of breathing circuits. For instance, breathing circuits that feature inbuilt humidification, antimicrobial filters, and advanced ergonomic designs have added to a much greater effect in delivering respiratory support while reducing infections and discomfort. Moreover, with advanced materials used in production, breathing circuits become more biocompatible and resistant. Such technological advancements by different key players will lead to increased adoption of breathing circuits, thus driving the market growth in the coming years.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Usage, Patient Type, Circuit Type, Application, and End User |
Regions covered | North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries |
"Adult patients segment accounted for the highest growth rate in the breathing circuits market, by patient type, during the forecast period."
Based on patient type, the breathing circuits market is bifurcated into adult patients and pediatric and neonatal patients. The adult patients segment expected to have the highest CAGR during the forecast period. The growth in this patient segment is driven by the increasing rate of adult surgical interventions, especially complex and high-risk cases needing breathing circuits for anesthesia and respiratory support. Furthermore, the aging population and rising prevalence of chronic respiratory disorders, such as COPD, asthma, and sleep apnea, are often associated with the use of advanced breathing circuits, especially in surgical procedures, which further support this segment's growth. Moreover, sedentary life, poor diet, and smoking act also as major contributory factors to such conditions and hence increase the demand for advanced breathing circuits in managing and treating respiratory diseases in adults.
"Dual-limb Breathing Circuits segment is expected to have the fastest growth rate in the breathing circuits market, by circuit type, during the forecast period."
The breathing circuits market is segmented into single-limb breathing circuits and dual-limb breathing circuits, based on circuit type. Dual-limb breathing circuits are projected to account for the highest CAGR during the forecast period. Dual-limb breathing circuits are likely to witness a huge demand, as they offer numerous advantages for critical and specialized medical applications. One major factor is that they provide two distinct and controlled channels for inhalation and exhalation, which increases the efficiency of ventilation by preventing rebreathing of exhaled carbon dioxide. This would be very important in ICUs and OTs, where it would be important to correct management of gases in order to ensure patient safety and optimum respiratory support. Another advantage of dual-limb circuits is that accessories, like humidifiers, filters, and monitoring equipment, can be fitted to facilitate appropriate and comprehensive care for the patient. Added to this is the fact that these circuits can adapt to different patients and different medical interventions that further increase their applicability in healthcare.
"Asia Pacific: The fastest-growing region in breathing circuits market."
The worldwide market for breathing circuits is categorized into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. Notably, the Asia Pacific region is anticipated to experience the most substantial growth in the forecast period. The Asia Pacific region, a hub for medical tourism, is rapidly emerging as a leader in the market for medical procedures and devices. Growth in this market is driven by several factors, that include the increased investment and modernization in the health care infrastructure, which improves the availability as well as the quality of medical services. Rising patient population and occurrences of chronic respiratory diseases further fuel the demand. Moreover, high economic growth in developing countries, including China, India, and others, has led to increases in health care expenditures and the demand for more modern medical devices, including breathing circuits.
The key players in this market are Dragerwerk AG & Co. KGaA (Germany), Medtronic (Ireland), Cardinal Health (US), Fisher & Paykel Healthcare Limited (New Zealand), ResMed (US), Ambu A/S (Denmark), GE Healthcare (US), ICU Medical, Inc. (US), Koninklijke Philips N.V. (Netherlands), Hamilton Medical (Switzerland), Medline Industries, LP (US), Forca Healthcare (India), Braun & Co. Limited (UK), Inspiration Healthcare Group PLC (UK), Besmed Health Business Corp. (Taiwan), Eakin Healthcare (UK), BOMIMED (Canada), Flexicare (Group) Limited (UK), Bio-Med Devices (US), Airlife (US), Mercury Medical (US), Intersurgical Ltd (UK), Fairmont Medical Products Pty Ltd. (Australia), Breas Medical AB (Sweden), and GPC Medical Ltd. (India).
This research report categorizes the breathing circuits market by usage (disposable breathing circuits and reusable breathing circuits), by patient type (adult patients and pediatric and neonatal patients), by circuit type (single-limb breathing circuits and dual-limb breathing circuits), by application (anesthesia, respiratory dysfunction, and other applications), by end user (hospitals, ambulatory surgical centers, clinics, and other end users), and region (North America, Europe, Asia Pacific, Latin America, the Middle East & Africa and GCC countries). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the breathing circuits market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, key strategies, acquisitions, and agreements. New product & service launches, and recent developments associated with the breathing circuits market. Competitive analysis of upcoming startups in the breathing circuits market ecosystem is covered in this report.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall breathing circuits market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.