ANESTHESIA AND RESPIRATORY DEVICES MARKET ANALYSIS

Anesthesia and Respiratory Devices Market, by Product Type (Anesthesia Devices {Anesthesia Monitoring System (Advanced Anesthesia Monitor (Anesthesia Gas Monitor, Depth of Anesthesia Monitors, Standalone Capnography Monitors, and MRI Compatible Anesthesia Monitor) and Basic Anesthesia Monitors), Anesthesia Machines (Portable Anesthesia Machines and Standalone Anesthesia Machines), Anesthesia Workstation, Anesthesia Ventilators, and Anesthesia Disposables and Accessories}) and (Respiratory Devices (Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Inhalers, Humidifiers, Oxygen Concentrators, Reusable Resuscitators, Respiratory Mask, Nitric Oxide Delivery Units, and Others), Monitoring Devices (Pulse Oximeters, Capnographs, and Gas Analyzers), Diagnostic Devices (Spirometer, Peak Flow Meters, Polysomnography Devices, and Others) and Consumables and Accessories (Tracheostomy Tubes, Nasal Cannulas, and Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Oct 2022
Code : CMI532
Pages :156
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Increasing number of product recalls

Global Anesthesia and Respiratory Devices Market: Drivers

Increasing number of product launches by the key market players is anticipated to propel the market growth

Increase in number of product launches by key market players is expected to drive growth of the global anesthesia and respiratory devices market over the forecast period. For instance, in October 2020, Midray Medical, a Chinese medical instrumentation manufacturer, launched A8 and A9 anesthesia machines in the U.K. market. A8 and A9 anesthesia machines are advanced anesthesia products, offering connectivity options and patient safety features and having integrated high flow nasal cannula (HFNC) technology within the anesthesia machine.

Increasing number of product approvals by regulatory authorities is expected to drive market growth over the forecast period. For instance, in April 2022, General Electrical Company announced that the U.S. Food and Drug Administration (FDA) approved company’s End-tidal (Et) Control software for general anesthesia delivery on its Aisys CS2Anesthesia Delivery System. Aisys CS2 Anesthesia Delivery System allows anesthesia providers to preset the desired end-tidal concentrations of oxygen and anesthetic agent.

Global Anesthesia and Respiratory Devices Market: Restraint

Major factors restraining the global anesthesia and respiratory devices market growth include high instances of product recalls initiated by the U.S. Food and Drug administration (FDA). For instance, in February 2020, GE Healthcare, U.S-based Conglomerate Company, recalled Carestation 600 Series Anesthesia Systems due to loss of mechanical ventilation. FDA identified Carestation 600 Series Anesthesia Systems as a Class I recall, the most serious type of recall. According to the U.S. FDA, use of these devices may cause serious injuries or death.