The anesthesia and respiratory devices market is comprised of equipment used for anesthesia delivery and ventilation and oxygen therapy across various clinical settings. Over the last few decades, the prevalence of chronic respiratory diseases and increasing caseloads of surgical procedures has spurred demand for advanced anesthesia devices and ventilators for prolonged respiratory support. The expanded applications in emergency care, intensive care, and at-home settings have further broadened the market opportunities for players.
According to Coherent Market Insights, The global anesthesia and respiratory devices market is estimated to be valued at USD 56.12 billion in 2025 and is expected to exhibit a CAGR of 6% over the forecast period 2025 to 2032.
Key players operating in the anesthesia and respiratory devices are GE Healthcare, Philips Healthcare, Drägerwerk AG, Masimo Corporation, Medtronic plc, Becton, Dickinson and Company, Smiths Medical, and Hamilton Medical AG among others.
Key Takeaways
Key players: GE Healthcare, Philips Healthcare, Drägerwerk AG, and Masimo Corporation hold a major share of the market owing to their diverse product portfolios and global presence.
Key opportunities: Growing demand for non-invasive and portable respiratory devices from home care settings presents lucrative opportunities. Untapped regional markets especially in Asia and Latin America also offer scope for expansion.
Global expansion: Major players are focusing on mergers and acquisitions to strengthen their presence across key markets. Increasing collaborations with local players will further aid global product distribution.
Market drivers: Increasing prevalence of respiratory diseases such as COPD and asthma, rising number of surgical procedures, growing geriatric population susceptible to respiratory illnesses, and technological advancements in ventilator designs are the major drivers.
Market restraints: High costs associated with newer respiratory devices, reimbursement issues, and lack of infrastructure and trained professionals in developing nations are some challenges faced. Stringent regulatory approvals also delay market entry of novel products.
Segment Analysis
The anesthesia and respiratory devices market comprises various segments - anesthesia delivery machines, anesthesia masks, breathing circuits, ventilators, nebulizers, and anesthesia monitors among others. The ventilators segment currently dominates the market. Ventilators find widespread applications in intensive care units for critically ill patients who cannot breathe properly due to injuries, disease conditions, or during surgery under anesthesia. The growing incidence of respiratory diseases like COPD and sleep apnea that require ventilator assistance for breathing is driving demand for ventilators globally.
Global Analysis
North America holds the largest share in the anesthesia and respiratory devices market attributed to the availability of advanced healthcare infrastructure and growing number of surgical procedures performed in the region. Asia Pacific is expected to witness the highest growth during the forecast period owing to increasing healthcare spending, rising geriatric population, and improving access to modern medical technologies in emerging economies like China and India. Moreover, growing prevalence of chronic respiratory conditions due to pollution and changing lifestyle in Asia Pacific will further support the regional market growth.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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