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Anaesthesia and Respiratory Devices Market

An Analytical View of Anesthesia and Respiratory Devices

Anesthesia and Respiratory Devices – Historical Origins

The history and origin of modern anesthesia and respiratory devices or apparatus date back to the time when in 1846, when William. T. G. Morton (1819-1868) made history by demonstrating to the world the use of ether anesthesia for surgery. This event occurred in what is known as “The Ether Dome” at Massachusetts General Hospital on patient Edward Gilbert Abbott. Dr. Oliver Wendell Holmes, Sr. suggesting the term “anesthetic” and anesthesia in a letter to William T.G. Morton. Later in 1847, Robinson authored one of the first textbooks on anesthesia:  A Treatise on the Inhalation of the Vapour of Ether for the Prevention of Pain in Surgical Operations.

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There were numerous anesthesia and respiratory devices introduced and developed during the early and later years of 19th and 20th centuries in the form of simple ether and chloroform masks, vapor inhalators, closed or half-closed inhalation equipment, equipment for anesthesia with nitrous oxide etc. However, the first anesthetic apparatus with circle system and CO2-absorber was manufactured in 1925 by the Dräger factory in Lübeck –Germany.  From then on, the global anesthesia and respiratory devices market have expanded very rapidly as per the respiratory and anesthesia devices market report analysis.

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Anesthesia and Respiratory Devices Market – A Market Outlook

The global anesthesia and respiratory devices market worth were U.S. $18.35 billion in 2016 with an estimated growth at a CAGR of 8.8% that may reach U.S. $27.97 by the end of 2021. The anesthesia and respiratory devices market size are growing exponentially over the years due to the rapid adoption of the Anesthesia Information Management System (AIMS) that is being implemented across the hospitals and healthcare institutions as a measure to move from paper-based record keeping systems to more efficient electronic solutions. The respiratory devices market is also expanding phenomenally due to their wide applications and adoption rate in the healthcare institutions, home health care and ambulance market.

Anesthesia and Respiratory Devices Market Trends- A summary

According to a reputed anesthesia and respiratory devices report, predicts that markets will benefit from rising health care spending, medical tourism and emerging economies providing growth opportunities. In addition, factors such as rising patients’ population suffering from disorders such as Obstructive Sleep Apnea (OSA) and respiratory diseases such as Chronic Obstructive Pulmonary Diseases (COPD), Asthma are driving the market growth. There is an increased funding by governments in developing economies for procurement of anesthesia and respiratory devices for hospitals, health institutions being run by the government under public health care system.

The rising government expenditure towards healthcare is also a factor in the growth of this market. There are significant advances taking place in the research and development of formulation and delivery of anesthesia globally with the number of surgeries being conducted worldwide.

The respiratory devices are not only becoming more sophisticated but even the delivery of anesthesia is becoming more accurate and safer from the patient’s standpoint. Anesthetic devices are increasingly being integrated with responsive information technology software and nanotechnology. Miniaturization is the latest scientific development in this sector with future devices being manufactured henceforth by using miniaturization as a technology.

Asia-Pacific Anesthesia and Respiratory Devices Market Outlook – A review

Asia-Pacific region is poised to expect the greatest CAGR of more than 10% in the anesthesia and respiratory devices market by 2019 due to factors such as the disposable incomes of consumers and the rising number of people due to rising pollution levels that is one of the factors for causing respiratory diseases in the countries of Asia-Pacific region. Countries such as Brazil, China, and India are emerging as the investment hubs for the anesthesia and respiratory devices market with China alone has allocated a budget of $125 billion towards health care reforms between 2009 and 2011.

The Chinese government has already built about 30,000 new hospitals, clinics, and healthcare units during 2016 that is going to further stir up the market. Even the Russian government has allocated $10 billion to improve its health care through health care delivery centers that have already replaced outdated devices with advanced anesthesia and respiratory devices.

Segmentation of Anesthesia and Respiratory Devices Market –

The Global Anesthesia and Respiratory Devices Market are segmented into Anesthetic Devices such as Anesthetic Machines, Anesthetic Accessories, Anesthetic Vaporizers, Analgesic Machines, Anesthetic Masks, and Anesthetic Monitors etc. Whereas the respiratory devices market is segmented into Humidifiers, Resuscitators, Breathing Circuits, CPAP Devices, Oxygen Cannula, Nebulizers, Ventilators. The market is also segmented geographically into regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

North America occupies the largest share in terms of anesthesia and respiratory devices market size due to advancements in providing sophisticated health care infrastructure, constant research and development and effective reimbursement policies of the governments. In the next few years, the demand for anesthesia and respiratory devices is expected to increase significantly in developing economies of Asia and African regions.

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