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Endoscopy Procedures Market: A Deep Dive
The rising trend of avoiding minimally invasive surgeries leads to the trend towards more endoscopy procedures. This report discusses the major growth drivers, emerging trends, and the future outlook in this rising sector.
Market Overview
The use of endoscopy procedures refers to the exploration of the human body's interior by using specialized equipment. Most such procedures are applied in diagnosis, treatment, and surgical interventions among patients receiving care in different specialties, including gastroenterology, pulmonology, urology, and gynecology. There is a high demand for this market owing to the rising incidence of chronic conditions among people, including gastrointestinal disorders, lung diseases, and urological conditions.
The market for endoscopy procedures was sized at US$ 30,877.37 million in 2022. It is expected to reach US$ 53,196.65 million by 2030. This market is anticipated to witness a CAGR of 7.0% during 2022-2030.
Prominent Market Drivers
Several factors are contributing to the growth of the endoscopy procedures market:
The steadily increasing incidence of diseases from both the digestive and respiratory systems today is driving the endoscopic procedures to diagnose and treat many conditions.
Emerging Technology: In addition, continuous technological advancement has allowed robotic-assisted endoscopy and capsule endoscopy, thereby providing for less invasive procedures with better precision and accuracy.
Aging Population: An aging population is prone to chronic disorders and is bound to increase the demand for endoscopic procedures.
Healthcare Spending: Increased healthcare spending in developed countries also contributes to the surge in the demand for endoscopic procedures.
Less Invasive Procedures: As an endoscopic procedure requires minimal incisions compared with open surgery, the former provides shorter recovery periods with less pain and lower risks of complications.
The present endoscopy procedures market is seeing many emerging trends that shape its future as follows:
Robotic-Assisted Endoscopy: Robotic-assisted endoscopy offers precision and flexibility in complex procedures with minimal invasiveness. Capsule Endoscopy: This is a minimally invasive technique to examine the small intestine without the use of sedation or anesthesia.
Artificial Intelligence (AI) and Machine Learning: AI-based devices are used to image an endoscopy and improve diagnosis and the precise decision on treatment planning.
Virtual Reality (VR) and Augmented Reality (AR): Currently, many researches are in progress to integrate VR and AR technologies for better training and experience of endoscopic operation.
Segments Covered
By Procedures
Endoscopic Retrograde Cholangiopancreatography
Endoscopic Submucosal Dissection
Peroral Endoscopic Myotomy
Endoscopic Ultrasound
By Offering
Endoscopes
ERCP Accessories
Endoscopic Ultrasound Guided Devices
Guidewire
By Product Type
Disposable
Reusable
By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Diagnostic Laboratories
By Region
North America
Europe
Asia-Pacific
South and Central America
Middle East and Africa
Market leaders and key company profiles
Stryker Corp
Fujifilm Holdings Corp
Merit Medical Systems Inc
Smith & Nephew Plc
Arthrex Inc
Steris Plc
Conmed Corp
Olympus Corp
Boston Scientific Corp
Market Challenges
Although the growth prospects are quite attractive, the endoscopy procedures market suffers from the following challenges:
Expensive Procedures:- Advanced endoscopic procedures, such as robotic-assisted surgery, may be expensive and, therefore, not reach affordable people in a poor economy.
Risk of Complications- Although minimally invasive, the endoscopic procedures do carry inherent risks of infection and bleeding.
Regulatory Hurdles- Strict regulatory requirements can delay the introduction of new endoscopic technologies and medical devices.
Future Outlook
The endoscopy procedures market is expected to continue growing in the coming years. The improvements in technology, the increasing demand for minimally invasive procedures, and an aging population will drive market expansion. However, sustained growth hinges on addressing challenges that affect costs, access, and regulatory hurdles.
By keeping up with the emerging trends and technological advancement, healthcare providers and market participants can capture the opportunities offered through the endoscopy procedures market and lead the way further to patient outcomes.
Frequently Asked Questions-
What is the largest regional market for Endoscopy Procedures?
Ans: - North America is the largest regional market for Endoscopy Procedures.
Which are the leading companies to hold the market share in the Endoscopy Procedures market?
Ans: Top Companies: Stryker Corp; Fujifilm Holdings Corp, Merit Medical Systems Inc, Smith & Nephew Plc, Arthrex Inc, Steris Plc; Conmed Corp, Olympus Corp, Boston Scientific Corp, Cook Medical Llc are the top companies that hold the market share.
What would be the growth rate of the market during the forecast period from 2022 to 2030?
Ans: - The Endoscopy Procedures market is anticipated to expand at a CAGR of 7.0% between 2022 and 2030.
What is the size of the Endoscopy Procedures market?
Ans: - The global Endoscopy Procedures market size was at US$ 30,877.37 million in 2022 and is expected to reach US$ 53,196.65 million by 2030.
Which are the key segments of the Endoscopy Procedures market?
Ans: The Endoscopy Procedures Market is segmented by product, end-user, and geography.
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Respiratory Disposables and Reusable Accessories Market – Industry Trends - Forecast to 2026
Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
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Respiratory Disposables and Reusable Accessories Market – Industry Trends - Forecast to 2026
Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
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#Respiratory Disposables and Reusable Accessories Market#Respiratory Disposables and Reusable Accessories Market share#Respiratory Disposables and Reusable Accessories Market size#Respiratory Disposables and Reusable Accessories Market trends#Respiratory Disposables and Reusable Accessories Market news#Respiratory Disposables and Reusable Accessories Market report#Respiratory Disposables and Reusable Accessories Market forecast
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Respiratory Disposables and Reusable Accessories Market Shows Strong Growth with Leading Players | Siemens Healthcare GmbH, Analogic Corporation., GENERAL ELECTRIC, Varian Medical Systems.
Respiratory Disposables and Reusable Accessories Market are basically used for the treatment and diagnosis of respiratory diseases like pneumonia, tuberculosis, chronic obstructive pulmonary disease (COPD) and asthma. These devices are specially designed to provide care to patients suffering from chronic and acute respiratory diseases.
Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
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Competitive Analysis: Global Respiratory Disposables and Reusable Accessories Market
Few of the major competitors currently working in Global Respiratory Disposables and Reusable Accessories Market are Ambu A/S, BD, Chart Industries, 3M, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GENERAL ELECTRIC COMPANY, Hamilton Medical., Invacare Corporation, Koninklijke Philips N.V.,Masimo, Medtronic, ResMed, Smiths Group plc., SunMed, Teleflex Incorporated.
Key Pointers Covered in the Global Respiratory Disposables and Reusable Accessories Market Trends and Forecast to 2026
Global Respiratory Disposables and Reusable Accessories Market New Sales Volumes
Global Respiratory Disposables and Reusable Accessories Market Replacement Sales Volumes
Global Respiratory Disposables and Reusable Accessories Market Installed Base
Global Respiratory Disposables and Reusable Accessories Market By Brands
Global Respiratory Disposables and Reusable Accessories Market Size
Global Respiratory Disposables and Reusable Accessories Market Procedure Volumes
Global Respiratory Disposables and Reusable Accessories Market Product Price Analysis
Global Respiratory Disposables and Reusable Accessories Market Healthcare Outcomes
Global Respiratory Disposables and Reusable Accessories Market Cost of Care Analysis
Global Respiratory Disposables and Reusable Accessories Market Regulatory Framework and Changes
Global Respiratory Disposables and Reusable Accessories Market Prices and Reimbursement Analysis
Global Respiratory Disposables and Reusable Accessories Market Shares in Different Regions
Recent Developments for Global Respiratory Disposables and Reusable Accessories Market Competitors
Global Respiratory Disposables and Reusable Accessories Market Upcoming Applications
Global Respiratory Disposables and Reusable Accessories Market Innovators Study
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Key Developments in the Market:
In May 2018, Royal Philips announced that they have acquired NightBalance which is a Netherland based company which designed a device to treat positional obstructive sleep apnea and positional snoring. The main aim of the acquisition is to enhance their position in home care market and provide their customers with better and improved products and services.
In March 2016, Becton, Dickinson and Company announced that they are selling 50.1% of its Respiratory Solutions business to Apax Partners and will create a new joint venture which will work as an independent company. This new company will manage all business lines related to respiratory diagnostics, ventilation, vital signs and AirLife.
Market Drivers:
Increasing prevalence of respiratory diseases is driving the growth of this market
Rising elderly population worldwide is driving the growth of this market
Market Restraints:
Harmful effects of respiratory devices on neonates are restraining the market
Lack of awareness about respiratory disposables and reusable accessories in developing region is restraining the growth of this market
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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RESPIRATORY PRODUCTS CENTER
Pigeon Medical specializes in manufacturing respiratory products & oxygen therapy equipment for breathing. As a professional provider of medical breathing machines, we can offer different types of medical oxygen ventilators and hospital protective equipment used in respiratory therapy to help breathing. Main products are air oxygen blender, medical air compressor, and respiratory(breathing) humidifier which delivers consistent gas supply and optimal humidity to patients in need of breathing/respiratory assistance.
Pigeon Medical Apparatus has been a high-tech enterprise specializing in independent research, development, production and sales since 1990. We are an advocator of neonatal respiratory care and supporter of medical NICU equipment whose main products are Bubble NCPAP, infant resuscitator, neonatal transport cart, oxygen inhaler and disposable.
Enterprise has passed the ISO13485 quality system certification and CE certification. With products proven to be safe and efficient during clinic application, we devote ourselves to the establishment of advanced technology, perfect equipment, and an excelsior quality control system.
Pigeon Medical has ventilators for sale. We have respiratory therapy equipment lists on this website, so that you can know more about respiratory assist devices for protection and safety.
Types of Respiratory Products
Common Respiratory
Our products can be widely used on mechanical ventilation, anesthesia, high-flow oxygen therapy, continuous positive airway pressure.
Air Oxygen Blender
AD3000-SPA 2-18LPM Air Oxygen Blender
AD3000-SPA 6-60LPM Air Oxygen Blender
AD3000-SPA 10-120LPM Air Oxygen Blender
AD3000-SPB Air Oxygen Blender
AD3000-SPD Air Oxygen Blender
AD3000-SPD2 Air Oxygen Blender
AD3000-SPDF Air Oxygen Blender
Air Oxygen Blender Parts & Accessories
Air Oxygen Blender
Medical Air Compressor for Ventilators
PN-2000 90LPM Medical Air Compressor
PN-3000 60LPM Medical Air Compressor
PN-4000 25LPM Medical Air Compressor
PN-5000 10LPM Medical Air Compressor
Medical Air Compressor for Ventilators
Respiratory Humidifier
PN-2000F/FA Respiratory Humidifier
PN-2000FB Respiratory Humidifier (Support Heated Wire)
PN-2000FC850 Respiratory Humidifier (Support Heated Wire)
Respiratory Humidifier Part & Accessories
Respiratory Humidifier
High Flow Nasal Cannula (HFNC)
PN3000-HFNC High Flow Nasal Cannula
HFNC Parts & Accessories
High Flow Nasal Cannula (HFNC)
Oxygen Inhaler
GZ-XRQ-1 Oxygen Inhaler (Oxygen Flowmeter With Humidifier 45-85ml)
Oxygen Inhaler Parts & Accessories
Oxygen Inhaler
Oxygen Analyzer
Pigeon I Oxygen Analyzer
Oxygen Analyzer
Medical Suction Machine
PN3000-VSD30 Medical Suction Machine
PN3000-XP30 Medical Suction Machine
PN3000-XP70 Medical Suction Machine
Medical Suction Machine
Ventilator Trolley
Trolley for Fabian Ventilators
Trolley for GE Ventilators
Trolley for SLE Ventilators
OEM Trolley
Ventilator Trolley
Ventilator Circuit Support Arm
Ventilator Circuit Support Arm (Light Type)
Ventilator Circuit Support Arm (Heavy Type)
Circuit Support Arm Bracket
Ventilator Circuit Support Arm
Infant Respiratory Care
We supply ventilation treatment for premature, neonate, infant and children below 14 years old.
Bubble CPAP & nCPAP
AD-I NCPAP
AD-IA NCPAP
AD-II NCPAP
AD-III NCPAP
Bubble CPAP & nCPAP
Infant/Baby Resuscitator
AD3000-TPA Infant Resuscitator
AD3000-TPB Infant Resuscitator
Infant Resuscitator Parts & Accessories
Infant/Baby Resuscitator
Neonate/Newborn Transport Cart
TP00003 Neonate Transport Cart
TP00004 Neonate Transport Cart
TP00009 Neonate Transport Cart
Neonate/Newborn Transport Cart
Infant Bed
PN-1000A Infant Bed
PN-1000B Infant Bed
Infant Bed
Other Parts & Accessories
Reusable Breathing Circuit
Reusable Heated Wire
NCPAP Bubble Generator
Water Trap
Y Connector
Mounting Clamp
Disposable Breathing Circuit With Heated Wire
Preposing Nasal Tube Set
Horizontal Nasal Prong Set
Other Parts & Accessories
Non Invasive Ventilation Devices Invasive Ventilation Devices
The Reason Why Choose Pigeon Respiratory Products
The Reason Why Choose Pigeon Respiratory Products
1The first manufacturer of air-oxygen blender in China, with over 30-year of experience.
2Our respiratory devices can be widely used on mechanical ventilation, anesthesia, high-flow oxygen therapy and continuous positive airway pressure.
3With 2 factories and 1 trading branch in Shenzhen.
4With self RND department, we pay close attantion to the development trend of oxygen therapy to ensure the responsitivity to the market demand.
https://www.pigeon-medical.com/products/
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Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
#Respiratory Disposables and Reusable Accessories Market#Respiratory Disposables and Reusable Accessories Market share#Respiratory Disposables and Reusable Accessories Market size#Respiratory Disposables and Reusable Accessories Market trends#Respiratory Disposables and Reusable Accessories Marketnews#Respiratory Disposables and Reusable Accessories Market report#Respiratory Disposables and Reusable Accessories Market growth
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COPD segment to dominate the United States Respiratory Care device Market
Increasing prevalence of respiratory disease and rising geriatric population is expected to drive the demand for United States respiratory care device market for the forecast period.
According to TechSci Research report, “United States Respiratory Care Device Market By Product Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories) By Indication (Chronic Obstructive Pulmonary Disease, Sleep Apnea, Asthma, Infectious Diseases, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026”, United States respiratory care device market is expected to witness significant growth for the next five years. Rapid growth of the old age population and rising prevalence of chronic diseases such as chronic obstructive pulmonary disease and asthma is augmenting the growth of the respiratory care devices market. Cost-effectiveness of home care devices compared to visiting hospital facilities is driving the market growth. Increasing demand for respiratory care devices such as nebulizers, ventilators and CPAP devices which are used for monitoring, diagnostics, and treatment of patients in home care settings is boosting the demand for such devices.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the respiratory care devices market. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. The demand for critical care devices increased during this period. Collaborations between the healthcare and non-healthcare industries to increase the production of respiratory care devices is expected to foster the growth of the respiratory care devices market.
However, lack of awareness regarding respiratory system related disease may create hindrance in the growth of the respiratory care devices market.
Browse XX Figures spread through XX Pages and an in-depth TOC on "United States Respiratory Care Device Market”.
https://www.techsciresearch.com/report/united-states-respiratory-care-device-market/7628.html
United States respiratory care device market is segmented into product type, indication, end user, regional distribution, and company. Based on product type, market is further divided into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories. The therapeutic devices segment is expected to account for major respiratory care devices market share for the forecast period, 2022-2026. Different type of therapeutic devices such as humidifiers, nebulizers, oxygen concentrators, reusable resuscitators, inhalers, positive airway pressure devices, masks, among others are in high demand in United States. Inhaler segment is anticipated to hold major market share in the therapeutic devices segment. Inhalers are majorly divided into two main categories which are metered-dose inhalers and dry powder inhalers. Inhalers are used for treating respiratory related problems. Increasing cases of asthma are positively impacting the market growth. Based on indication, market is majorly categorized into chronic obstructive pulmonary disease, sleep apnea, asthma, infectious diseases, and others. Chronic obstructive pulmonary disease is expected to dominate the respiratory care devices market for the next five years owing to increase in the number of people who prefer smoking which gives rise to various respiratory problems. Increase in the growth of automotive industry which release carbon dioxide and harmful gases into the environment coupled with other industrial emissions is responsible to raise the air pollution levels thereby affecting the respiratory system of citizens. Also, increasing prevalence of smoking is another major driver for the growth of the market. The recent outbreak of coronavirus has serious impact on the COPD patients which is another significant factor contributing to the surge in growth of the respiratory care devices market growth.
GE Healthcare, Philips Healthcare (USA), Medtronic USA, Inc, ResMed Inc (United States), Invacare Corporation, Draeger Inc., Masimo Corporation, Omron Healthcare Inc., Siemens Medical Solutions USA Inc., Fischer & Paykel Healthcare, Inc are the leading players operating in United States respiratory care device market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several respiratory care device manufacturers are coming up with their technologically advanced offerings.
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“High-end investment by the major market players of the respiratory care devices to increase the efficiency and performance of the respiratory care devices such as miniaturization of respiratory devices along with increasing the reach of the devices by adopting attractive marketing strategies is boosting the growth of the market. Presence of highly disposable income and adoption of sedentary lifestyle coupled with high number of people who consume alcohol and smoke is anticipated to propel the respiratory care devices market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Respiratory Care Device Market By Product Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories) By Indication (Chronic Obstructive Pulmonary Disease, Sleep Apnea, Asthma, Infectious Diseases, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States respiratory care device market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States respiratory care device market.
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Global Anaesthesia And Respiratory Devices Market
Global Anaesthesia And Respiratory Devices Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The global anaesthesia and respiratory devices market valued 32.3 billion USD in 2020 and is expected to reach 66.0 billion USD by 2030 with the CAGR of 7.4% during the forecast period.Anaesthesia devices are those devices that are used mainly during surgeries to induce coma. They provide an appropriate and uninterrupted supply of medical gases mixed with anaesthetic vapour which serves the purpose of an induced coma. The application of anaesthesia in patients results in loss of sensation or awareness. Anaesthesia devices can control conditions like pain, breathing, blood flow, blood pressure, and heart rate. Respiratory devices aid in improving pulmonary functions by eliminating mucus from the respiratory airways. They are mainly used in the diagnosis and treatment of respiratory diseases like chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, pneumonia, and others. Respiratory devices are leading the market when compared to anaesthesia devices because of their wide usage and the limited usage of anaesthetic devices due to limited number of end-users. Initially, anaesthesia and respiratory devices were developed for operating purposes only. However, rising awareness amongst people and technological advancements have enabled the usage of these devices in post-operative care units, delivery rooms, and critical care units and enhanced their market demand.
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Market Dynamics and Factors:
The growing geriatric population in developed and developing countries, increasing tobacco consumption resulting in occurrence of chronic respiratory diseases; rising number of surgeries; increased healthcare expenditure; and rising demand in home healthcare. These factors contribute significantly towards the growth of anaesthesia and respiratory devices market. Furthermore, rapid urbanisation and industrialisation has led to the rise in the air pollution levels which further leads to chronic respiratory diseases and enhances the market growth of anaesthesia and respiratory devices. For instance, according to World Health Organisation in 2016, around 251 million cases of chronic obstructive pulmonary disorder (COPD) were reported. Technological advancements and rising innovations in the development of anaesthesia and respiratory devices are going to fuel the market growth in the near future. For instance, B. Braun Medical Inc. made an announcement of introducing Clorotekal, which is a U.S Food & Drug Administration approved anaesthetics for spinal anaesthesia. However, certain factors like high costs involved in the installation and maintenance of anaesthesia and respiratory devices; stringent regulations for the adoption of anaesthetic devices; and low adoption rate in underdeveloped economies are restraining the growth of the anaesthesia and respiratory devices market.
Market Segmentation:
Global Anaesthesia And Respiratory Devices Market – By Product Type
Anaesthesia Machines
Delivery Machines
Monitors
Ventilators
Workstations
Anaesthesia Disposables
Disposable Masks
Disposable Accessories
Respiratory Machines
Equipment
Ventilators
Nebulizers
Humidifiers
Inhalers
Oxygen Concentrators
Reusable Resuscitators
Respiratory Measurement Devices
Pulse Oximeters
Capnographs
Spirometers
Peak Flow Meters
Respiratory Disposables
Disposable Oxygen Masks
Resuscitators
Tracheostomy Tubes
Oxygen Cannula
Global Anaesthesia And Respiratory Devices Market – By End-User
Hospitals
Ambulatory Service Centres
Homecare
Clinics
Global Anaesthesia And Respiratory Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global anaesthesia and respiratory devices market in the forecast period in terms of market share. Factors such as rising geriatric population; growing healthcare expenditure; high adoption rate of technologically advanced devices; and increasing investments of major players of the anaesthesia & respiratory devices market are the key factors attributing to the market dominance of the region. For instance, almost 12 million people in the U.S suffer from COPD. The Asia Pacific region is expected to witness maximum growth during the forecast period. Major countries like China, Japan, and India are going to be key contributors for the market growth of anaesthesia and respiratory devices in the APAC region. For instance, according to the International Journal of Pulmonary and Respiratory Sciences in 2016, COPD is the second largest cause of death in India.
Competitive Scenario:
The key players operating in the global anaesthesia and respiratory devices market are –
GE Healthcare, Philips Healthcare, Covidien, Teleflex Inc., Pfizer, Johnson & Johnson, Draegerwerk AG, AstraZeneca, Hamilton Medical AG, Invacare Corporation, Masimo Corporation, Dickson & Company.
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The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Anaesthesia And Respiratory Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Anaesthesia And Respiratory Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Anaesthesia And Respiratory Devices Market most.
The data analysis present in the Global Anaesthesia And Respiratory Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Anaesthesia And Respiratory Devices Market business.
The 2021 Annual Global Anaesthesia And Respiratory Devices Market offers:
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15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
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Respiratory Care Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Global Respiratory Care Devices Market Introduction
The global respiratory care devices market is estimated to value over USD 32 billion and register a CAGR value of over 8% from the forecast period 2019 to 2026.
High prevalence of respiratory diseases coupled with growing levels of pollution are the major factors driving the respiratory care devices market. The rapid adoption of home healthcare has opened lucrative opportunities for manufacturers and is expected to boost the market during the forecast period. Furthermore, rising pollution levels and the increase in tobacco smoking is accelerating the growth of the market. Increase in the adoption of non-invasive ventilation is bolstering the market as well. Additionally, rapid usage of compact respiratory care devices is fueling the growth of the market .
Global Respiratory Care Devices Market Overview
The market is bifurcated into product and end-user. Product type consists of therapeutic devices, monitoring devices, consumables & accessories, and diagnostic devices. Therapeutic devices are anticipated to witness substantial growth during the forecast period. The therapeutic devices are further segmented into humidifiers, inhalers, ventilators, positive airway pressure (PAP) devices, reusable resuscitators. Positive airway pressure is expected to be in vast demand owing to growing cases of obstructive sleep apnea. The availability of reimbursement on PAP devices in regions like North America and Europe is fueling the market.
In terms of end-users, hospitals are expected to dominate the market growth. The financial capabilities of hospitals have allowed hospitals to purchase advanced instruments and acquire trained professionals.
In terms of indication, chronic obstructive pulmonary disease is expected to bolster the market owing to a rising number of deaths caused by COPD. Furthermore, sleep apnea is witnessed to show notable growth owing to the ill effects of untreated sleep apnea.
Based on regions, North America is expected to dictate the market growth. The increasing healthcare expenditure alongside rising cases of asthma and chronic obstructive pulmonary disease is driving the market in the region. The rise in geriatric population alongside favorable reimbursement policies is boosting the presence of the market in the region.
Asia-Pacific region is expected to showcase massive growth owing to rising cases of respiratory disease and air pollution. The presence of high quality healthcare systems in countries like India, China, and South Korea is expected to drive the growth of the market in the region.
Prominent players of the market are ResMed Inc., Drager AG, Getinge AB, Hamilton AG, Apex Medical Corp., DeVilbiss Healthcare LLC, Teleflex Incorporated, Nonin Medical Inc., Chart Industries, Fisher & Paykel Healthcare Corporation Limited and Vyaire Medical.
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Global Respiratory Care Devices Market Segmentation
By Product
● Therapeutic Devices o PAP Devices o Ventilators o Nebulizers o Humidifiers o Oxygen Concentrators o Inhalers o Reusable Resuscitators o Nitric Oxide Delivery Units o Oxygen Hoods
● Monitoring Devices o Pulse Oximeters o Capnographs o Gas Analyzers
● Diagnostic Devices o Spirometers o Polysomnography Devices o Peak Flow Meters o Other Diagnostic Devices
● Consumables and Accessories o Masks o Reusable Masks o Nasal Masks o Full-face Masks o Nasal pillow masks o Oral Masks o Disposable Mask o Disposable Resuscitators o Tracheostomy Tubes o Nasal Cannulas o Other Consumables and Accessories
By Indication ● Chronic Obstructive Pulmonary Disease (COPD) ● Asthma ● Sleep Apnea ● Infectious Disease ● Other diseases
By End-User ● Hospitals ● Home Care Settings ● Ambulatory Care Centers
By Region ● North America ● Europe ● Asia Pacific ● Latin America ● Middle East & Africa
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Competitive Landscape:
· Product launches, mergers, and acquisitions had a positive influence on the market. Fisher Paykel in 2019 launched a new product F&P Optiflow 3S, a Nasal Cannula in a bid to bolster its position in the market
· Philips launched its first sleep and respiratory education center in Singapore in 2018
· ResMed in 2019, acquired HB Healthcare Safety. The move bolstered the supply of respiratory care devices and home-based medical equipment for sleep
FutureWise Key Takeaways
· Monitoring devices are expected to propel the market during the forecast period. The availability of pulse oximetry in the form of innovative products like bluetooth enabled and fingertip pulse oximeters is expected to accelerate the market growth
· Technological advancements in the form of E-Nose and enhanced portable respiratory devices will play a major role in strengthening the market during the forecast period
Objectives of the Study:
• To provide with an exhaustive analysis on the global respiratory care devices market by product, by indication, by end-user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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Respiratory Disposables and Reusable Accessories Market – Industry Trends - Forecast to 2026
Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
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Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
#Respiratory Disposables and Reusable Accessories Market#Respiratory Disposables and Reusable Accessories Market share#Respiratory Disposables and Reusable Accessories Market size#Respiratory Disposables and Reusable Accessories Market trends#Respiratory Disposables and Reusable Accessories Market news#Respiratory Disposables and Reusable Accessories Market report
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Respiratory Care Devices 2018 Global Market Outlook, Research, Trends and Forecast to 2023
Respiratory Care Devices are used for treating, controlling, evaluating, managing, and diagnosing patients with an anomaly in the cardiopulmonary system. The respiratory disease is any of the diseases and disorders of the airways and the lungs that affect human breathing. Diseases of the respiratory system may disturb any of the structures and organs that have to do with breathing, which includes nasal cavities, the throat, the larynx, the trachea, the tissues of the lungs, and the respiratory muscles of the chest cage. The Global Respiratory Care Devices Market is expected to register a significant growth at 10.1% CAGR during the forecast period (2018–2023).
The growing respiratory diseases are largely due to increasing patient population suffering from chronic diseases, which include chronic obstructive pulmonary disease (COPD), cystic fibrosis, pneumonia, and asthma. The initial detection of these diseases aids in providing better treatments. Thus, the demand for respiratory care devices is increasing greatly in the global market. Additionally, the growing elderly population vulnerable to respiratory problems would boost the demand for the respiratory care devices market.
The lack of awareness about respiratory problems, intense competition, and the cost associated with the device and the respiratory surgery hamper the growth of the market.
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Respiratory Care Devices Market - Key Players
Some of the key players in the global respiratory care devices market are Philips Healthcare (The Netherlands), ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), and Fisher & Paykel Healthcare Corporation Limited (New Zealand), Becton, Dickinson and Company (US), Chart Industries, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).
Respiratory Care Devices Market - Segmentation
The Global Respiratory Care Devices Market has been segmented on the basis of therapeutic devices, monitoring devices, diagnostic devices, accessories and consumables, application, and end-users. On the basis of therapeutic devices, the market has been classified as pap devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, and oxygen hoods. On the basis of monitoring devices, the market has been classified as pulse oximeters, pulse oximeter sensors, pulse oximeter equipment, capnographs, and gas analyzers. On the basis of diagnostic devices, the market has been classified as spirometers, polysomnography (PSG) devices, peak flow meters, and other diagnostic devices. On the basis of accessories and consumables, the market has been classified as disposable masks, disposable resuscitators, tracheostomy tubes, nasal cannulas, and other consumables and accessories. On the basis of application, the market has been classified as chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and other diseases. On the basis of end-users, the market has been classified as hospitals, clinics, ambulatory care, home care, and others.
Respiratory Care Devices Market - Regional Analysis
The Americas is projected to lead the respiratory care devices market during the forecast period. Increasing healthcare awareness, advancement in technology, and medical tourism are some other factors that boost the growth of the market. According to the statistics of Life and Breath, on an average 72 Canadians were diagnosed with lung cancer daily and 56 Canadians died from lung cancer on a daily basis in 2014.
The European market is expected to hold the second largest market share. According to the statistics of the British Lung Foundation in the year 2014, around 10,000 people in the UK are newly diagnosed with a respiratory disease every week. According to the statistics of the British Lung Foundation, lung diseases are accountable for more than 7,00,000 hospital admissions and over 6 million inpatient bed-days in the UK each year.
Asia-Pacific is projected to be the fastest growing region for the global respiratory care devices market in 2018. The market is expected to witness growth owing to the rising patient population, changing lifestyle, and growing elderly population. This is expected to provide favorable backgrounds for the market to grow. According to the Asia-Pacific Lung Cancer Conference (APLCC), 90% of the lung cancer cases are due to the rise in the consumption of tobacco.
The Middle East and Africa accounts for the least share due to stringent government policies and low per capita income.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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Electrosurgery Devices Market to Grow at a steady CAGR until 2025
Rising cases of plastic surgeries along with rapid technological advancements in healthcare sector to drive electrosurgical instruments market
According to TechSci Research report, “Global Electrosurgery Devices Market By Product (Electrosurgical Generators (Radiofrequency, Ultrasonic, Argon Plasma, Cryoablation, Microwave, Combination and Smoke Evacuators), Electrosurgical Instruments (Electrosurgical Electrodes (Monopolar, Bipolar), Pencils (Monopolar, Bipolar), Forceps, Cryoprobes, Nano knifes and others)), Accessories), By Application (Orthopaedics, Oncology, Cardiovascular, General, Cosmetic, Neurology and Others), By End-user (Hospitals, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025”, global electrosurgery devices market is expected to grow at a steady rate during the forecast period. Increasing geriatric population and desire to stay young forever has led the people to turn towards plastic surgeries, thereby contributing to the market growth. Additionally, growing use of electrosurgery devices in different sectors like urology, gynaecology, dermatology, etc., is anticipated to further fuel the demand for electrosurgery devices in the coming years.
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The global electrosurgery devices market is segmented into product, application, end-user, and region. Based on product, the electrosurgery devices market is segmented into electrosurgical generators, electrosurgical instruments and electrosurgical accessories. The electrosurgical instruments segment held the largest market share in 2019 on account of high usage of reusable and disposable electrosurgical instruments. The end-user segment is segmented into hospitals, ambulatory surgical centres and others. Hospitals were the dominant end-user segment in 2019 due to the high frequency of surgical procedures which are carried out in hospitals. Moreover, hospitals have been adopting high imaging solutions to enhance the accuracy and efficiency of electrosurgery devices, which is contributing to the market share of the segment across the globe.
North America held the lion’s share in the global electrosurgery devices market in 2019 and is expected to hold its position through 2025 as the region has well-developed healthcare infrastructure and the investments in the healthcare and medical sectors are also high. However, Asia-Pacific is expected to the fastest growing region due to the presence of the developing economies as they are still adapting to the technology.
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Some of the leading players in global electrosurgery devices market include Johnson & Johnson, Conmed, Stryker, Bovie Medical, Medtronic, Olympus, B. Braun, AngioDynamics, Utah Medical Products, Inc, Cooper Surgical, Elektromedizin GmbH, Smith & Nephew, KLS Martin, Boston Scientific, Applied Medical, BOWA-electronic GmbH & Co. KG, Kirwan Surgical Products LLC, Heal Force Bio-Meditech Holdings Limited, Maxerendoscopy, Parkell LLC, etc. In order to expand their market share, the companies tend to adopt various strategies like new product launches, mergers & collaboration. In order to expand the market share, in 2018, Olympus, a global technology company, launched new product called ESG-300 Electrosurgery Generator, which assists in the gastroenterology and respiratory problems.
“Global electrosurgery devices market is anticipated to witness a steady growth during the next five years as the major companies are now concentrating on advanced electrosurgery devices that would enhance coagulation & cutting practices and multimodality application. Also, increasing incidence of skin diseases among population coupled with less recovery time and low risk associated with electrosurgical devices is propelling the growth of the market across the globe.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Electrosurgery Devices Market By Product (Electrosurgical Generators (Radiofrequency, Ultrasonic, Argon Plasma, Cryoablation, Microwave, Combination and Smoke Evacuators), Electrosurgical Instruments (Electrosurgical Electrodes (Monopolar, Bipolar), Pencils (Monopolar, Bipolar), Forceps, Cryoprobes, Nano knifes and others)), Accessories), By Application (Orthopaedics, Oncology, Cardiovascular, General, Cosmetic, Neurology and Others), By End-user (Hospitals, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global electrosurgery devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global electrosurgery devices market.
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Respiratory Care Devices Market Overview by Type, Product, Regions, Application and Forecast to 2016 - 2024
Respiratory care is a major healthcare specialty, focused on enhancing cardiopulmonary functions and promoting health & wellbeing of people. Respiratory care devices are the medical devices which are used for the treatment, management, control, diagnostic evaluation, and care of patients with abnormalities in cardiopulmonary system. The devices are used during incidences related to chronic obstructive pulmonary diseases (COPD), a degenerative lung disease which primarily includes chronic bronchitis, and emphysema. The respiratory care devices market has experienced a drift from stationary to portable devices, which has become a significant trend in the industry.
Market Determinants
The key factor driving the growth of global respiratory care devices market is the surge in air pollution levels globally. This rise has led to increasing incidences of respiratory diseases among the people, which further contributes to the growth of the market. Moreover, the increasing geriatric population and number of tobacco consumers are also fueling the market growth. According to the Centers for Disease Control and Prevention, nearly 40 million US adults smoke cigarettes, and about 4.7 million middle and high school students use at least one tobacco product, including e-cigarettes. Whereas, low awareness regarding the importance of a healthy respiratory system, and harmful effects of respiratory devices on neonates act as the major hurdles in the growth of the market. Regardless of these restraints, innovations and investments in the healthcare sector are expected to create huge opportunities for the growth of market in the coming years.
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Segment Analysis
The global respiratory care devices market is segmented on the basis of device type, end user, and geography. By device type, the market is segmented into therapeutic devices, diagnostic devices, monitoring devices, and consumables & accessories. On the basis of end user, the market is segmented into hospitals, home care, and others. Geography wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the front runner in the global respiratory care devices market, owing to its booming healthcare industry and large pool of respiratory disease patients. As per CDC, chronic obstructive pulmonary disease is the third important cause for mortality in the U.S.
Some key vendors in the market are Philips Healthcare, Dickinson and Company, ResMed Inc., Medtronic plc, Fisher and Paykel Healthcare Limited, Becton, Chart Industries, Inc., Drägerwerk AG & Co. KGaA, Masimo Corporation, and Hamilton Medical AG. In October 2017, Philips Healthcare and Siloam Hospitals signed a multiyear partnership agreement to provide advanced, well-maintained medical equipment to healthcare providers, along with safe and cost-efficient healthcare services that will benefit the patients.
RESPIRATORY CARE DEVICES MARKET SEGMENTATION
By Device type • Therapeutic Devices o Nitric Oxide Delivery Units o Nebulizers o Oxygen Hoods o Humidifiers
Heated Humidifiers Passover Humidifiers o Oxygen Concentrators
Fixed oxygen concentrators Portable oxygen concentrators o Positive Airway Pressure (PAP) Devices
Continuous PAP Devices Automatic PAP Devices Bi-level PAP Devices o Inhalers
Metered dose inhalers Dry powder inhalers o Ventilators
Adult ventilators Neonatal ventilators o Masks Nasal Masks
Full-face Masks Nasal Pillow Masks Oral Masks o Reusable Resuscitators
Adult resuscitators Infant/Neonatal resuscitators • Diagnostic Devices o Polysomnography Devices o Spirometer o Peak Flow meters o Others • Monitoring Devices o Capnographs o Gas Analyzers o Pulse Oximeters
Pulse Oximeter Sensors Pulse Oximeter Equipment • Consumables and Accessories o Tracheostomy Tubes o Nasal Cannulas o Disposable Resuscitators o Disposable Masks o Others
By End-user • Hospital • Home care • Others (Ambulatory care) By Geography • North America o U.S. o Canada o Mexico • Europe o France o Germany o Italy o Spain o U.K. o Rest of Europe • Asia-Pacific o China o Japan o India o Australia o Rest of Asia-Pacific • Rest of the World o Latin America o Middle East o Africa
KEY MARKET PLAYERS
Philips Healthcare • Dickinson and Company • ResMed Inc. • Medtronic plc • Fisher and Paykel Healthcare Limited • Becton • Chart Industries, Inc. • Drägerwerk AG & Co. KGaA • Masimo Corporation • Hamilton Medical AG.
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Respiratory Disposables and Reusable Accessories Market Will Accelerate Rapidly with Top Influencing Key players| Siemens Healthcare GmbH, Analogic Corporation., GENERAL ELECTRIC.
Respiratory Disposables and Reusable Accessories Market are basically used for the treatment and diagnosis of respiratory diseases like pneumonia, tuberculosis, chronic obstructive pulmonary disease (COPD) and asthma. These devices are specially designed to provide care to patients suffering from chronic and acute respiratory diseases.
Global Respiratory Disposables and Reusable Accessories Market are expected to witness a healthy CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the continuous research & developments efforts in the market for the advancement of the product.
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Competitive Analysis: Global Respiratory Disposables and Reusable Accessories Market
Few of the major competitors currently working in Global Respiratory Disposables and Reusable Accessories Market are Ambu A/S, BD, Chart Industries, 3M, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GENERAL ELECTRIC COMPANY, Hamilton Medical., Invacare Corporation, Koninklijke Philips N.V.,Masimo, Medtronic, ResMed, Smiths Group plc., SunMed, Teleflex Incorporated.
Key Pointers Covered in the Global Respiratory Disposables and Reusable Accessories Market Trends and Forecast to 2026
Global Respiratory Disposables and Reusable Accessories Market New Sales Volumes
Global Respiratory Disposables and Reusable Accessories Market Replacement Sales Volumes
Global Respiratory Disposables and Reusable Accessories Market Installed Base
Global Respiratory Disposables and Reusable Accessories Market By Brands
Global Respiratory Disposables and Reusable Accessories Market Size
Global Respiratory Disposables and Reusable Accessories Market Procedure Volumes
Global Respiratory Disposables and Reusable Accessories Market Product Price Analysis
Global Respiratory Disposables and Reusable Accessories Market Healthcare Outcomes
Global Respiratory Disposables and Reusable Accessories Market Cost of Care Analysis
Global Respiratory Disposables and Reusable Accessories Market Regulatory Framework and Changes
Global Respiratory Disposables and Reusable Accessories Market Prices and Reimbursement Analysis
Global Respiratory Disposables and Reusable Accessories Market Shares in Different Regions
Recent Developments for Global Respiratory Disposables and Reusable Accessories Market Competitors
Global Respiratory Disposables and Reusable Accessories Market Upcoming Applications
Global Respiratory Disposables and Reusable Accessories Market Innovators Study
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Key Developments in the Market:
In May 2018, Royal Philips announced that they have acquired NightBalance which is a Netherland based company which designed a device to treat positional obstructive sleep apnea and positional snoring. The main aim of the acquisition is to enhance their position in home care market and provide their customers with better and improved products and services.
In March 2016, Becton, Dickinson and Company announced that they are selling 50.1% of its Respiratory Solutions business to Apax Partners and will create a new joint venture which will work as an independent company. This new company will manage all business lines related to respiratory diagnostics, ventilation, vital signs and AirLife.
Market Drivers:
Increasing prevalence of respiratory diseases is driving the growth of this market
Rising elderly population worldwide is driving the growth of this market
Market Restraints:
Harmful effects of respiratory devices on neonates are restraining the market
Lack of awareness about respiratory disposables and reusable accessories in developing region is restraining the growth of this market
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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