According to a new market research report, “Global Anesthesia and Respiratory Devices Market (2010–2015), the total global anesthesia and respiratory devices market is expected to be worth US$12.7 billion by 2015, out of which GE Healthcare will account for nearly 12% of the total revenues. The global market is expected to record a CAGR of 9.2% from 2010 to 2015.
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Anesthesia and respiratory devices market is witnessing a steady growth on the global level due to rising incidence of chronic obstructive pulmonary diseases, obtrusive sleep apnea and asthma. Initially, anesthesia and respiratory devices were designed and developed for operating rooms. However, with increase in awareness amongst the masses and advances in technology, these devices have found a place in post-operative care units, delivery rooms and critical care units; thereby increasing their demand. The global economic meltdown resulted in a 6% decline in the total value of the anesthesia and respiratory devices in 2009. Respiratory devices account for the largest share in this market due to their wide applicability.
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Advances in technology have spurred the market growth. Manufacturers are focusing on the aspect of portability of these devices; along with the addition of connectivity features to it. These have helped in seamless data transfer and expedited the treatment process.
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The briefing on the global anesthesia and respiratory devices market will benefit anesthesia and respiratory devices manufacturers, devices distributors, healthcare institutions, and research institutes related to anesthesia and respiratory devices.
The market for anesthesia and respiratory devices in the BRIC (Brazil, Russia, India and China) is increasing due to many factors. Rising government expenditure towards healthcare is one of the major factors impacting these markets. The government of China allocated a budget of $125 billion towards healthcare reforms between 2009 and 2011. The government had decided to build 30,000 new hospitals, clinics and care units during this period. This invigorates the market, provided market players focus towards providing cost effective and user-friendly devices; along with bundled services to train people keeping the skill level of practitioners in mind. The Russian government plans to allocate $10 billion from 2011 to improve healthcare in the economy. The Russian healthcare delivery centers will focus on replacing their outdated devices.
GE Healthcare, Covidien, Draegerwerk AG, Teleflex Inc., and Philips Healthcare are the major players in the anesthesia and respiratory devices market. GE Healthcare holds a major share in the anesthesia devices market with market presence in products such as anesthesia delivery systems, ventilators, anesthesia and respiratory accessories.
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