Global Markets Direct estimates that the global market for anesthesia and respiratory devices was valued at $7.5 bn in 2008 and is forecast to reach $13.7 bn in 2015 with an annual growth rate of 8.9%.The high incidence of obstructive sleep apnea and the increasing number of surgical procedures is expected to drive the market in the future. Increasing emphasis on the home healthcare equipment market, favorable reimbursement policies and new hospital constructions are also expected to increase the demand for anesthesia and respiratory devices.
The global market for respiratory devices was valued at $3.8 bn in 2008 and is expected to reach $7.4 bn in 2015 with an annual growth rate of 10.1%. The respiratory devices market is driven by the longevity of the patient population, rising incidence of chronic obstructive pulmonary disease, lower costs of home healthcare settings and advances in respiratory devices technology.
Respiratory devices contribution towards the anesthesia and respiratory devices market was 50.3% in 2008 which is expected to increase to 54.2% in 2015. The respiratory devices category is the fastest growing market category in the anesthesia and respiratory devices market and will be the key driver of growth in the future.
GE Healthcare, Drager Medical, Smiths Medical, Covidien, Philips Medical Systems, ResMed, Cardinal Health, Teleflex Incorporated and MAQUET remain the leading players accounting for 72.4% of the anesthesia and respiratory devices market in 2008. The global market for anesthesia and respiratory devices is highly competitive with multiple players dominating different market categories and geographical regions. However regions such as Asia Pacific and South and Central America will provide opportunities for new entrants owing to the good growth prospects that these markets have to offer in future.
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Global Markets Direct’s new report “The Future of the Anesthesia and Respiratory Devices Market to 2015” provides key data, information and analysis on the global anesthesia and respiratory devices market. The report provides market landscape, competitive landscape and market trends information on six market categories including anesthesia disposables, anesthesia machines, respiratory devices, respiratory disposables, respiratory measurement devices and sleep apnea diagnostic systems. This report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape in terms of mergers and acquisitions, pipeline products and technology offerings.
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