Anesthesia and Respiratory Devices Market, to 2017 – Sleep Apnea Diagnostic Systems

March 9, 2012 - PRLog -- The global anesthesia and respiratory devices market is forecast to exceed $14 billion by 2017 with a Compound Annual Growth Rate (CAGR) of 4.7% during the period 2010-2017. The market is expected to be primarily driven by the huge patient population suffering from respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) and the availability of medical devices to treat Obstructive Sleep Apnea (OSA) and COPD. Globally, about 300 million people suffer from OSA, the prevalence of which increases with age, reaching 30% to 80% in the elderly population. Similarly, the prevalence of COPD is high and currently about 400 to 600 million people suffer from COPD on a global basis, with about 12 million patients in the US. This provides good opportunites for growth for the medical device companies. Other factors to drive the growth of the anesthesia and respiratory devices market include, an increase in disposable income in emerging countries, an increase in the number of hospitals, growing demand for home healthcare devices and an expansion in reimbursement for wide range of anesthesia and respiratory devices.

In 2010, Covidien, Phillips Respironics, Resmed and Draegerwerk were the leading players in the anesthesia and respiratory devices market, with a combined market share of 33%. Draegerwerk AG & Co. and GE Healthcare dominate the market for anesthesia machines. Philips Respironics is one of the leading players in the respiratory devices market and Covidien is the market leader in the respiratory measurement devices market. The reasons why these companies dominate is their long-term presence in the healthcare market, the relationships they have developed with hospitals and physicians over a period of time and the brand name recognition they enjoy with patients.

The shift of healthcare delivery from hospitals to home care is one of the most significant trends in health care industry today. Many factors have contributed to this shift, including technological advancements, changing demographics and government initiatives to reduce healthcare expenditure.

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In order to meet the growing need of home healthcare products the availability of such home products has increased. The home care devices range from patient monitors, glucose meters and ventilators to advanced-technology infusion, dialysis, and respiration devices.

Continuous innovation in design and technology has led to user-friendly devices which can be used by patients without disturbing their normal routine and are increasingly being adopted by patients worldwide.

GBI Research’s report, “Anesthesia and Respiratory Devices Market, to 2017 - Sleep Apnea Diagnostic Systems and Portable Anesthesia Delivery Machines to be the Fastest Growing Categories” 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 eight anesthesia and respiratory devices market categories – anesthesia machines, pain management devices, regional anesthesia disposables, respiratory devices, respiratory disposables, respiratory measurement devices, sleep apnea diagnostic systems and airway anesthesia devices. The 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, with analysis of major mergers and acquisitions (M&A) in the last four years and a detailed analysis of the pipeline products in each category. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

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