According to a
new market report published by Transparency Market
Research "Anesthesia and Respiratory Devices Market (Anesthesia
Workstation, Anesthesia Delivery Machines, Ventilators, Monitors, Nebulizers
& Respiratory Inhalers) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019," the global
anesthesia and respiratory devices market was valued at USD 11.2
billion in 2012 and is expected to grow at a CAGR of 9.8% from 2013 to
2019, to reach an estimated value of USD 21.6 billion in 2019.
Browse
full report with TOC: http://www.transparencymarketresearch.com/anesthesia-respiratory-devices.html
A
rise in healthcare expenditures witnessed globally has led to a shift in
preference from hospital care to home care among patients. This rise in
healthcare cost, compounded by the geriatric population, is driving the demand
for portable medical diagnostic devices including respiratory and anesthesia
devices. This has led to a visible shift in the use of respiratory and
anesthesia devices from hospital operation set ups to home care healthcare
monitoring. Moreover, a rise in respiratory diseases such as asthma, lung
cancer, COPDs (Chronic Obstructive Pulmonary Diseases) and OSA (Obstructive
Sleep Apnea) have triggered the growth of this market. There has also been an
exponential rise in number of surgical procedures globally and this has led to
a significant growth in demand for anesthesia devices and delivery machines.
Growing healthcare cost containment pressure in the U.S. and the ongoing Euro
crisis have caused a slump in the growth of these markets. Tax reforms coupled
with increased regulatory compliance norms are also restraining the growth and
profitability of top companies. The tax reform under question has proposed the
levy of a 2.3% tax on the annual sale of all the medical devices manufacturers
since beginning of this year i.e. 2013.
This
has made it imperative for OEMs to tap the potential market in emerging
economies such as India, China, Brazil and Russia. There has been significant
growth in these emerging economies owing to increase healthcare awareness,
rising disposable incomes and a rising middle class coupled with favorable
insurance policies in these countries. This in turn is anticipated to make
these regions the most attractive markets during the forecast period from 2011
to 2019.
Saturation
in western countries, especially the U.S. and Europe, coupled with
unfavorable taxation policies has negatively affected the growth of the market
in these regions. Companies are now vying for growth in emerging markets
namely India,China and Brazil. The major players in this
industry are also facing stiff competition from the regional manufacturers of
these countries. However, robust R&D and continuous innovation has helped
the big players of this market to retain their strong position in the market.
In addition manufacturers such as GE Healthcare, Philips Healthcare, Teleflex
and Drager have created a strong brand image with high end quality products
supporting their strong market position.
The
report covers in-depth analysis of estimation of anesthesia and respiratory
devices market, for the period from 2013 to 2019, considering 2012 as the base
year for calculations. In addition, the current market dynamics including the
drivers, restraints, trends and recent developments has been captured
throughout the report. The respiratory devices market has been further
bifurcated under respiratory devices, respiratory disposables and respiratory
measurement devices. This market has been further segmented by the respective
types of devices. The anesthesia devices market has been split broadly under
anesthesia machines and disposables.
Anesthesia
devices include anesthesia machines and anesthesia disposables. The anesthesia
machines account for the largest market of the total anesthesia devices market.
The market for anesthesia delivery machines was valued to be the highest in
year 2012. However, the anesthesia monitors market is expected to grow at a
higher CAGR of above 8.0% from 2013 to 2019. The respiratory devices market
includes respiratory equipments, disposables and respiratory measurement
devices. The respiratory equipments include humidifiers, nebulizers, oxygen
concentrators, positive airway pressure devices, ventilators and inhalers. The
positive airway pressure devices market is expected to foresee the highest
growth in the coming years of forecast from 2013 to 2019.
The
geographic chapter spans the major regions including North America, Europe,
Asia and ROW (Rest of World). Similarly, market share analysis for global
market for respiratory and anesthesia devices together has been provided in the
competitive landscape chapter. In addition we have also separately provided the
market share analysis for respiratory and anesthesia devices respectively. Some
of the major players in this market are GE Healthcare, Drager, Fischer &
Paykel, Covidien, Teleflex Incorporated, Philips Healthcare, ResMed and others.
These market players have been profiled on the basis of attributes such as company
overview, recent developments, strategies adopted by the market leaders to ensure
growth, sustainability financial overview and recent developments. Our chapter
on recommendations provides an understanding of barriers to the market entry
and success strategy to be considered for growth in this market.
Blogs:
