Anesthesia and Respiratory Devices Market Size, Share, and Trends 2024 to 2034

The global anesthesia and respiratory devices market size was estimated at USD 44.6 billion in 2023 and is predicted to reach around USD 84.97 billion by 2033, registering a CAGR of 6.7% during the forecast period from 2024 to 2033.

Key Takeaways

• North America has held the highest revenue share of 25.71% in 2023.
• Asia-Pacific is anticipated to expand at the fastest CAGR during the forecast period.
• By Product, the respiratory devices segment dominated the global market in 2023.

Anesthesia and Respiratory Devices Market in the U.S. 2024 to 2033

The U.S. anesthesia and respiratory devices market size was valued at USD 8.04 billion in 2024 and is estimated to reach around USD 16.28 billion by 2033, growing at a CAGR of 7.35% from 2024 to 2033.

In 2022, North America dominated the global anesthesia & respiratory devices market and is expected to reflect this trend throughout forecast period. The anesthesia and respiratory devices market in the U.S.is predicted to grow, as the number of patients undergoing from COPD is mounting quickly. It is expected that nearby 12 million people are suffering from COPD in the U.S. Growing senior population, more number of casualty surgeries accomplished and accessibility of reimbursement for respiratory and anesthesia devices are the reasons that are positively impacting market growth in the U.S.

In Asia Pacific, Japan accounted for the major share of the market on account of substantial rise in the elderly population. Emerging nations such as China and India are also projected to observe a noteworthy population suffering from pulmonary diseases. As per the data released by World Health Organization (WHO), nearby 90% of the deaths credited to COPD occur in middle-income and low nations. Likewise, as per the study circulated in the International Journal of Pulmonary and Respiratory Sciences, in India, COPD was the second biggest reason of death in 2016. Thus, rising cases of respiratory diseases across emerging countries is anticipated to further propel the growth of anesthesia & respiratory devices market in the Asia Pacific.

Growth Factors

Growing frequency of respiratory illnesses, prompt growth in the elderly population, and pervasiveness of tobacco smoking, are some of the major factors driving the growth of global anesthesia & respiratory devices market. Further, inclination towards home-based oxygen therapy and technological innovations to develop innovative products delivering oxygen therapy further fuelling the market growth. For example, anesthesia information-management systems (AIMS) with intraoperative monitoring-device connectivity deliver influential decision-support tools with real-time clinical guidance, using machine learning algorithms to forecast stuffs such as hypotension long beforehand they befall clinically.

Requirement for anesthesia and respiratory devices are snowballing on account of stimulating occurrence of respiratory diseases, including Obstructive Sleep Apnea (OSA) and Chronic Obstructive Pulmonary Disease (COPD). Growing occurrence of the respiratory infection is anticipated to be a high-impact influencer of the market. As per Australian Institute of Health and Welfare, 1 in 20 Australians aged 45 or beyond was undergoing from COPDin 2014-15. Further, as per, World Health Organization (WHO), about 251 million cases of COPD were detected in 2016, worldwide. Additionally, as per the National Health Service (NHS), in U.K about 1.2 million people are presently suffering from COPD.

Anesthesia and Respiratory Devices Market Scope 

Product Insights

Over the past few years, foremost improvements in anesthesia equipment have been ventilation modes that were earlier only employed in ICUs. These comprise synchronized intermittent mandatory ventilation (SMMV), pressure support ventilation (PSV), and synchronized mandatory minute ventilation (SMMV) and numerous derivatives of every mode. The ventilator has ICU quality ventilation throughout all patient classes and has less flow and nominal flow anesthesia modes to recover anesthetic conveyance and decrease financial influence. Current models have incorporated novel ventilation modes and most producers are striving to upsurge the resemblances among their anesthesia and ventilator monitor interfaces.

Anesthesia devices are generally classified into disposables and machines. Anesthesia disposables comprise accessories and masks. The machine segment comprises delivery machines, workstations, ventilators and monitors. The increasing number of surgical procedures is anticipated to upsurge the practice of anesthesia, thus pushing the demand for anesthesia devices.

Respiratory equipment is categorized into oxygen concentrators, nebulizers, humidifiers, ventilators, and positive airway pressure devices, respiratory inhalers. In 2023, positive airway pressure devices conquered the whole anesthesia and respiratory devices market and are also predicted to observe noteworthy growth during years to come due to escalating occurrence of respiratory disorders including asthma, cystic fibrosis, and tuberculosis.

Anesthesia and Respiratory Devices Market Companies

• Masimo Corporation
• Medtronic
• AirSep Corporation
• Smiths Medical
• GE Healthcare
• Philips Healthcare
• Braun Medical Inc.
• Drägerwerk AG & Co
• KGaA
• Getinge AB
• Teleflex Inc

Segments Covered in the Report

This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes market segmentation and its revenue estimation by classifying it on the basis of product and region as follows:

By Product

• Anesthesia Devices
  • Machines
    • Workstations
    • Monitors
    • Ventilators
    • Delivery machines
      • Standalone
      • Portable
    • Disposables
      • Disposable Accessories
      • Disposable Masks
• Respiratory Devices
  • Disposables
    • Disposable Oxygen Masks
    • Resuscitators
    • Tracheostomy Tubes
    • Oxygen Cannula
  • Equipment
    • Reusable Resuscitators
    • Ventilators
      • Adult Ventilators
      • Neonatal ventilators
    • Positive Airway Pressure
      • Bi-level positive airway pressure devices
      • Continuous positive airway pressure devices
    • Nebulizers
      • Pneumatic nebulizers
      • Mesh nebulizers
      • Ultrasonic nebulizers
    • Inhalers
      • Dry powdered inhalers
      • Metered-dose inhaler
    • Humidifiers
      • Heat exchangers
      • Pass over humidifiers
      • Heat humidifiers
      • Heated wire breathing circuits
    • Oxygen Concentrators
      • Portable oxygen concentrators
      • Fixed oxygen concentrators
    • Measurement Devices
      • Spirometers
      • Pulse Oximeters
      • Capnography
      • Peak Flow Meters

 By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America