Market Research Future (MRFR) has published a cooked research report on the “Global Anesthesia Breathing Circuits Market” that contains information from 2018 to 2032. The Anesthesia Breathing Circuits market is estimated to register a CAGR of 9.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Anesthesia Breathing Circuits market— Dragerwerk AG, Becton, Dickinson and Company, Altera Corporation, Braun and Company Ltd, Bio-Med Devices, Smiths Group plc, Fisher and Paykel Healthcare Limited, Marcus Corporation, Teleflex Inc, and C. R. Bard, Inc.
Anesthesia Breathing Circuits Market Highlights
The global Anesthesia Breathing Circuits market is accounted to register a CAGR of 9.20% during the forecast period and is estimated to reach USD 5.7 billion by 2032.
The key market drivers boosting market growth are respiratory conditions like chronic obstructive pulmonary disease, pulmonary embolism, sleep disorders like obstructive sleep apnea, rising surgery rates, and an aging population that is more susceptible to respiratory conditions and operations.
Segment Analysis
The global Anesthesia Breathing Circuits market has been segmented based type, application, and end user.
On the basis of type, the market is segmented into open breathing circuits, semi open breathing circuits, and closed breathing circuits. The semi open breathing circuits category had the largest global share of anesthesia breathing circuits in 2022. It is anticipated that it would maintain its leadership share during the projection period. Semi-open breathing circuits can be used to reduce breathing resistance.
Based on application, the global Anesthesia Breathing Circuits market has been segmented into anesthesia, respiratory dysfunction, and others. The anesthetic category had the most market share in 2022. Patients are fed gases like oxygen and anesthetics by breathing circuits, which also remove carbon dioxide. These circuits regulate the gas flow through anesthetic equipment. Breathing circuits are commonly utilized in anesthetic apparatus, which is anticipated to drive market expansion in the near term.
Based on end-user, the global Anesthesia Breathing Circuits market has been segmented into hospitals, ambulatory surgical centers, clinics, and others. The largest market share was held by the hospitals category in 2022, and it is anticipated that it will keep this position throughout the forecast period. Breathing circuits are widely used in hospitals for delicate surgical procedures.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of: Anesthesia Breathing Circuits Market Research Report
Regional Analysis
The global Anesthesia Breathing Circuits market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Anesthesia Breathing Circuits market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Anesthesia Breathing Circuits market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Anesthesia Breathing Circuits market comprises of Middle East, Africa, and Latin America.
The largest market share for Anesthesia Breathing Circuits was maintained by the North American regional sector. Over 11 million Americans were diagnosed with COPD in 2019, says the American Lung Association. COPD is one of the top causes of death in the US. This is predicted to boost market demand in North America over the course of the forecast year.
Moreover, the Europe market has been persistently growing over the forecast period. The market has expanded as a result of both the adoption of practice recommendations made by healthcare organizations in this area and the application of essential regulatory restrictions. During the projected period, the increasing usage of online distribution channels and the incorporation of digital technology into supply chain activities will also support the growth of the regional market.
The Asia Pacific Anesthesia Breathing Circuits market is expected to register fastest CAGR from 2023 to 2032. The growth of the healthcare infrastructure in developing countries like China and India is responsible for this expansion. Furthermore, due to the rise in the prevalence of respiratory illnesses, the market for breathing circuits in Asia Pacific is anticipated to expand in the near future.
Furthermore, the rest of the world's Anesthesia Breathing Circuits market is divided into the Middle East, Africa, and Latin America. The anesthesia breathing circuits market in Latin America and MEA (Middle East and Africa) is expected to experience moderate growth in the coming years. the market is primarily driven by the increasing number of surgeries, the rising prevalence of chronic diseases, and the growing demand for minimally invasive procedures.
Key Findings of the Study
- The global Anesthesia Breathing Circuits market is expected to reach USD 5.7 billion by 2032, at a CAGR of 9.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the growth of the healthcare infrastructure in developing countries like China and India
- Based on type, the semi open breathing circuits segment was attributed to holding the largest market in 2022, with an approximate market share of 42.35%.
- Dragerwerk AG, Becton, Dickinson and Company, Altera Corporation, Braun and Company Ltd, Bio-Med Devices, Smiths Group plc, Fisher and Paykel Healthcare Limited, Marcus Corporation, Teleflex Inc, and C. R. Bard, Inc.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.