North America Anesthesia and Respiratory Devices Market - Segmented by Anesthesia Devices, Respiratory Devices, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4591225
  • Report
  • Region: America, North America, United States
  • 87 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Airsep Corporation
  • B. Barun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • GE Healthcare
  • Hospira Inc.
  • MORE
Anesthetic devices are designed to be used in all types of surgeries to provide a continuous supply of medical gases (oxygen and nitrous oxide) mixed with anesthetic vapors (isoflurane), which are administered to patients at a safe pressure and flow. Respiratory devices are a medical specialty focused on treatment, management, control, diagnosis, evaluation, and care of patients with deficiencies of the cardiopulmonary system. The North American market is expected to witness a CAGR of 9.8% for the period 2018-2023.

Increase in the Number of People with Respiratory Ailments

Currently, the North American countries, such as the United States and Canada, have approximately 15 million and more than 800,000 people, respectively, diagnosed with COPD. More than 60% of these are people over 45 years, and the number of females affected by COPD is more than males. Current estimates suggest that COPD costs the United States almost USD 50 billion, annually, in both direct and indirect health expenditures. Approximately 80% of deaths are caused by smoking. Other risk factors of COPD include exposure to air pollution, secondhand smoke, and occupational dust and chemicals, heredity factors, etc. The growing aged population, with a higher risk of developing COPD and other chronic respiratory diseases, indicates an increase in the number of people with respiratory ailments in the coming years. The huge population with respiratory ailments will drive the market in the forecast period.

Technological innovations in both anesthesia and respiratory devices, and the rising number of surgeries have been a major driver for this market.

Lack of Skilled Technicians

Skilled technicians who can properly operate the systems in place are very limited in number. The devices in use are highly expensive and even the basic setup is not affordable to all medical organizations. These factor have been a major setback/limitation faced by the anesthetic and respiratory devices market.

United States Holds the Largest Market Share

The increasing prevalence of chronic obstructive pulmonary diseases (COPD) and obstructive sleep apnea (OSA) are the major factors driving the United States market. Moreover, increasing consumption of tobacco has boosted the growth of the respiratory devices market. Diagnostic and monitoring devices, like the pulse oximeter and spirometers, have been in great demand lately.

Some of the major forces driving the anesthesia devices market include an increase in the number of general and emergency surgeries, cardiovascular and respiratory diseases, and rising aging population. From the technology end, advancements in the development of new anesthesia devices is a prime driving force for the market.

Major Players: AIRSEP CORPORATION, B. BARUN MELSUNGEN AG, BAXTER INTERNATIONAL, INC., CARDINAL HEALTH, INC., GE HEALTHCARE, HOSPIRA, INC., KIMBERLY-CLARK HEALTH CARE INC., KING SYSTEMS CORPORATION, MEDLINE INDUSTRIES INC., and RESMED INC.

Reasons to Purchase the Report
  • Market analysis for the North America anesthetic and respiratory devices market, with region-specific assessments and competition analysis on South America and regional scale.
  • Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Airsep Corporation
  • B. Barun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • GE Healthcare
  • Hospira Inc.
  • MORE
1. Introduction
1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Drivers
6.1.1 Rise in the Number of COPD, TB, Asthma, and Pneumonia Patients
6.1.2 Technological Innovations in Both Anesthesia and Respiratory Devices
6.1.3 Rising Number of Surgeries
6.2 Market Restraints
6.2.1 Lack of Skilled Technicians
6.2.2 Reimbursement Concerns
6.3 Opportunities
6.4 Key Challenges

7. Market Segmentation
7.1 By Anesthesia Devices
7.1.1 Anesthesia Machines
7.1.2 Anesthetic Monitors
7.1.3 Anesthetic Vaporizers
7.1.4 Analgesic Machines
7.1.5 Anesthetic Masks
7.1.6 Anesthetic Accessories
7.1.7 Others
7.2 By Respiratory Devices
7.2.1 Humidifiers
7.2.2 Resuscitators
7.2.3 Chambers
7.2.4 Cpap Devices
7.2.5 Masks
7.2.6 Oxygen Concentrators
7.2.7 Nebulizers
7.2.8 Ventilators
7.2.9 Inhalers
7.2.10 Tracheostomy Tubes
7.2.11 Capnographs
7.2.12 Spirometers
7.2.13 Others
7.3 By Geography
7.3.1 United States
7.3.2 Canada
7.3.3 Mexico

8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches

9. Key Players
9.1 Airsep Corporation
9.2 B. Barun Melsungen AG
9.3 Baxter International, Inc.
9.4 Cardinal Health, Inc.
9.5 GE Healthcare
9.6 Hospira, Inc.
9.7 Kimberly-Clark Health Care Inc.
9.8 King Systems Corporation
9.9 Medline Industries, Inc.
9.10 ResMed Inc.
*List not Exhaustive

10. Future of the Market
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  • Airsep Corporation
  • B. Barun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • GE Healthcare
  • Hospira Inc.
  • Kimberly-Clark Health Care Inc.
  • King Systems Corporation
  • Medline Industries Inc.
  • ResMed Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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