PUBLISHER: The Business Research Company | PRODUCT CODE: 1680349
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680349
Anesthesia and respiratory devices play a vital role in the diagnosis and treatment of respiratory diseases, providing essential support for patients with conditions such as asthma, cystic fibrosis, acute respiratory distress syndrome, and others. This market encompasses a range of respiratory devices used to deliver medication and manage respiratory conditions.
The main types of anesthesia and respiratory devices include respiratory devices and equipment (both therapeutic and diagnostic), anesthesia machines, anesthesia disposables, and respiratory disposables. Respiratory disposables are designed for single-use and are discarded after factors such as excessive breathing resistance, sorbent exhaustion, physical damage, or the end of their service life makes them unsuitable for further use. Expenditure in this market can be categorized as public and private, and the products used include instruments/equipment and disposables. The utilization of these devices spans across various genders, including both male and female, and they find application in multiple end-user settings such as hospitals and clinics, diagnostic laboratories, and other healthcare facilities.
The anesthesia and respiratory devices market research report is one of a series of new reports from The Business Research Company that provides anesthesia and respiratory devices market statistics, including anesthesia and respiratory devices industry global market size, regional shares, competitors with a anesthesia and respiratory devices market share, detailed anesthesia and respiratory devices market segments, market trends and opportunities, and any further data you may need to thrive in the anesthesia and respiratory devices industry. This anesthesia and respiratory devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The anesthesia and respiratory devices market size has grown rapidly in recent years. It will grow from $33.63 billion in 2024 to $38.29 billion in 2025 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to the increased prevalence of respiratory diseases, the COVID-19 pandemic, increased number of surgical procedures, strong economic growth in emerging markets, increased healthcare expenditure, and a growing aging population.
The anesthesia and respiratory devices market size is expected to see rapid growth in the next few years. It will grow to $63.82 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to the increasing prevalence of obstructive sleep apnea, technological advances, increasing use of tobacco smoking, rise in healthcare expenditure, and increasing geriatric population. Major trends in the forecast period include producing smart inhalers, investing in the research and development of wearable respiratory devices, launching new innovative products, producing portable respiratory devices, and others.
The rising prevalence of respiratory diseases is anticipated to drive the growth of the anesthesia and respiratory devices market. Respiratory diseases refer to medical conditions that disrupt breathing and gas exchange by impacting the lungs and airway systems. Anesthesia and respiratory equipment are essential in treating respiratory diseases like tuberculosis, as they facilitate necessary medical procedures, ensure patient comfort and safety, and assist in monitoring and managing the condition. For example, a report from the Centers for Disease Control and Prevention (CDC), a U.S.-based national public health agency, indicated that in 2022, there were 8,331 reported cases of tuberculosis (TB) in the United States, resulting in an incidence rate of 2.5 cases per 100,000 individuals. Additionally, approximately 13 million people are estimated to be living with latent TB infection in the country. Consequently, the increased prevalence of respiratory diseases is expected to propel the growth of the anesthesia and respiratory devices market in the future.
Rising healthcare expenditures are expected to drive the growth of the anesthesia and respiratory devices market. Healthcare expenditures encompass the total amount spent on healthcare-related services, products, and activities over a specified period, whether at the individual, community, national, or global level. As healthcare spending increases, there is generally a stronger focus on providing high-quality healthcare services, including surgical and respiratory care, leading to a demand for advanced devices that can improve patient outcomes. For example, statistics from Cross River Therapy, a U.S.-based provider of ABA therapy services, indicated that in September 2024, the U.S. pharmaceutical industry generated $550 billion in revenue, with Americans spending $576.9 billion on medications in 2021. This spending is projected to rise to between $605 billion and $635 billion by 2025. Therefore, the increase in healthcare expenditures is expected to propel the growth of the anesthesia and respiratory devices market in the coming years.
Major companies in the anesthesia and respiratory devices market are actively innovating new products, such as the Lifebox-Smile Train pulse oximeter, to enhance their profitability. This low-cost device is designed to monitor patients' oxygen saturation during surgery, thereby increasing the safety of anesthesia. For example, in July 2022, Smile Train Inc., a U.S.-based nonprofit organization and charity dedicated to providing corrective surgery for children with cleft lips and palates, launched the Lifebox-Smile Train pulse oximeter. This device plays a crucial role in ensuring patient safety by continuously monitoring oxygen levels during surgical procedures.
Companies within the anesthesia and respiratory devices market are increasingly dedicated to the development of wearable respiratory devices, aiming to enhance patient monitoring. These devices, typically worn on the torso, track breathing rates by measuring chest wall movements. Available in various forms such as small sensors, belts, or band-aid-such as designs, they connect to specialized smartphone apps that capture, interpret, and store data in cloud repositories. Focused on key respiratory healthcare areas such as pulse oximetry, pulmonary ventilation, air quality assessment, and activity tracking, these wearables alleviate healthcare provider workloads, enhance diagnostic efficiency, cut patients' regular checkup costs, and enhance patient comfort. Notably, initiatives led by researchers at the University of California and Khine Labs underscore a strong investment in developing comfortable wearables for respiratory disease patients.
Major companies operating in the anesthesia and respiratory devices market include Resmed Inc., Koninklijke Philips N.V., General Electric Company, Cardinal Health, Inc., Medtronic Plc, Fisher & Paykel Healthcare Corporation Limited, Draegerwerk AG, Teleflex Inc., Vyaire Medical, Inc., Smith Group Plc., Covidien Healthcare, Metran Co., Ltd., Siemens Healthcare, Opto Circuits, Roche, B. Braun, Melsungen, Masimo Corporation, Dixion, SunMed, Getinge Group, CapeRay, Centre for Rapid Prototyping and Manufacturing (CRPM), DISA Vascular, Sinapi biomedical, Ti-TaMED
Asia-Pacific was the largest region in the global anesthesia and respiratory devices market in 2024. North America was the second largest region in the global anesthesia and respiratory devices market. Eastern Europe was the smallest region in the global anesthesia and respiratory devices market. The regions covered in the anesthesia and respiratory devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the anesthesia and respiratory devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The anesthesia and respiratory devices market consists of sales of instruments such as resuscitators, laryngoscopes, flexible intubation scopes, supraglottic airways, ventilator circuits, HME, and other anesthesia and respiratory instruments that are used for the diagnosis and treatment of respiratory diseases. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Anesthesia And Respiratory Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on anesthesia and respiratory devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for anesthesia and respiratory devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The anesthesia and respiratory devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.