Global Airway and Anesthesia Devices Market are Expected to Witness Substantial Growth by 2024 | Research Report by Hexa Research

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A huge geriatric population base is prone to health related problems such as cardiac disorders and respiratory diseases which act a major driver for the growth of the “airway and anesthesia devices market”.

The global airway and anesthesia devices market are expected to witness substantial growth over the forecast period on account of the increasing air pollution and respiratory problems among people. The airway devices market is expected to grow considerably as the used in surgeries to pump oxygen and anesthetic gases in the patient’s body to keep him sedated and at the same time maintaining the rate of breathing. The anesthesia devices market is expected to grow substantially owing to increasing rate of surgeries with increasing rate of population. A huge geriatric population base is prone to health related problems such as cardiac disorders and respiratory diseases which act a major driver for the growth of the airway and anesthesia devices market.

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According to WHO around 7% of people suffer from respiratory diseases and these diseases grow as the age increases. Growing geriatric population, rising pollution levels in highly developed countries, coupled with high demand for portable & better healthcare facilities is a vital determinant of industry growth. The frequency of respiratory illness that occurs in the form of COPD (Chronic Obstructive Pulmonary Diseases) and OSA (Obstructive Sleep Apnea) are expected to foster the market growth. Supportive government initiatives for healthcare are expected to drive the airway and anesthesia devices market. Easy availability of spare parts can help in keeping airway and anesthesia devices smooth & functional, which in turn can also be utilized for maintaining backups. Furthermore, growth in the market is anticipated owing to the technological development which provides improved processing. The focus is on technological development and innovation to manufacturing patient-friendly devices and ease of operation.

The airway devices market is bifurcated on the basis of functioning into supraglottic airway devices, laryngeal mask airway, prose laryngeal mask airway, ports soft seal laryngeal mask, fast track intubating laryngeal mask airway, esophageal-tracheal combi tube, easy tune, laryngeal tube suction, peri laryngeal airway (cobra), laryngeal tube, slip streamlined pharynx airway liner and elisha. The anesthesia market is classified into two main products into anesthesia machines and anesthesia disposables. The generic anesthesia products include inhalation agents, induction agents, local anesthetics, neuromuscular blockers, analgesia; advanced anesthesia monitors which are further bifurcated into the depth of anesthesia, anesthesia gas monitors and standalone capnography monitors.

In North American market the airway and anesthesia market is expected to grow substantially owing to the increasing geriatric population and high standard of living. The increasing respiratory diseases are another factor leading to the market growth of the region. The market of the Latin American market is anticipated to grow over the forecast period owing to the government initiatives towards improved healthcare facilities of emerging economies such as Brazil and Chile. This is likely to drive the demand of the market. Europe is expected to grow substantially on account of increasing awareness among people and high per capita income in most of the parts of Europe.

Asia Pacific market is expected to grow over the period owing to the increasing population and rising consumer disposable incomes. In countries such as India and Japan governments have shown their interest and have taken initiatives to provide a better healthcare and medical facilities for the people. The market of the Middle East & Africa is expected to grow eventually as the standard of living in most of the countries is comparatively lower than that of the other developing economies. The demand for airway and anesthesia devices is anticipated to witness sluggish growth owing to the above reason. However, UAE and some other developed parts of the market are expected to witness considerable growth on account of high disposable income of consumers and growing respiratory diseases.

The major contributors to the market are GE Healthcare and Covidien, Draegerwerk AG, Fischer & Paykel, ResMed, Getinge Group, Teleflex Inc., Philips Healthcare, CareFusion Corp., Intersurgical Ltd., Smiths Medical Inc., Meditronic plc.

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