Anesthesia, Respiratory & Sleep Therapy Devices Market Size, Share & COVID19 Impact Analysis - Global - 2024-2030 - MedSuite - Includes: Anesthesia Devices (Disposables, Monitors, Delivery Units), Respiratory Devices (Ventilators, Nebulizers, Oxygen Therapy Devices and Disposables) & Sleep Management Devices (Therapeutic OSA and Sleep Diagnostic Devices)
The Global Anesthesia, Respiratory & Sleep Therapy (ARS) Market reached a value of $10.9 billion in 2023 and is projected to grow at a CAGR of 4.5% during the forecast period, reaching $14.8 billion.
The comprehensive report suite covering the global ARS market includes anesthesia delivery units, anesthesia monitors, anesthesia disposables, ventilators, nebulizers, respiratory disposables, oxygen concentrators, therapeutic obstructive sleep apnea devices, and sleep diagnostics devices.
DATA TYPES INCLUDEDUnit Sales, Average Selling Prices, Market Value & Growth Trends
Forecasts Until 2030, and Historical Data to 2020
Market Drivers & Limiters for Each Segment
Competitive Analysis with Market Shares for Each Segment
Recent Mergers & Acquisitions
COVID19 ImpactDisease Overviews and Demographic Information
Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Anesthesia, Respiratory, and Sleep Therapy Market Insights
The global ARS market is experiencing significant growth, largely driven by current demographic trends. One of the key factors is the aging population, which is becoming increasingly predominant across most regions worldwide. This demographic shift leads to a rise in age-related surgeries, respiratory ailments, and a higher prevalence of sleep apnea cases. Additionally, the escalating obesity rates globally contribute significantly, particularly in regions like North America, the Middle East, Australia, and New Zealand. Obesity is closely linked to respiratory and sleep disorders, as well as an increase in weight-related surgeries.
In 2022, the global inflation rate saw a substantial surge, marking the highest increase in over 30 years. This inflationary trend led to heightened production costs across various industries, subsequently driving up selling prices. Within the ARS market, this translated into more pronounced cost hikes for complex devices compared to simpler ones. Despite these price increases affecting multiple sectors, consumers have shown greater acceptance, resulting in sustained unit sales and bolstering market growth. Moving forward, prices are anticipated to continue their upward trajectory, albeit at a slower pace in the affected markets.
Global Anesthesia, Respiratory, and Sleep Therapy Market Share InsightsIn 2023, ResMed emerged as the frontrunner in the global anesthesia, respiratory, and sleep management device market, largely propelled by its substantial dominance in the therapeutic obstructive sleep apnea sector, which stands as the largest market within ARS. Moreover, ResMed's primary competitor, Philips, has grappled with product recalls in recent years, further widening ResMed's lead in the market. ResMed also maintains a presence in the ventilator and sleep diagnostics segments.
Despite experiencing a slight decline in share within the therapeutic obstructive sleep apnea market, Philips Healthcare has managed to retain its overall market position by excelling in the anesthesia monitor, ventilator, oxygen concentrator, and sleep diagnostics device markets. Philips holds the second-largest share in the total ARS market, significantly surpassing the third-leading company.
Teleflex holds the third-leading position in the total ARS market, mainly due to its dominant role in the disposables markets, leading both the anesthesia and respiratory disposables segments. With anticipated growth in these segments, Teleflex is poised to maintain its leadership position in the ARS market.
Market Segmentation Summary
Anesthesia Delivery Units Market – Segmented By:Setting Type: Hospital (High-Complexity, Low-Complexity), ASC
Anesthesia Monitors Market
Anesthesia Disposables Market – Segmented By:Device Type: Anesthesia Circuit, Anesthesia Mask, Endotracheal Tube, Laryngeal Mask (Disposable, Reusable)
Ventilator Market – Segmented By:Device Type: Acute Care, Sub-Acute Care, Home Care, Neonatal, Non-Invasive
Nebulizer Market – Segmented By:Device Type: Compressor/Jet Nebulizer (Stationary, Portable), Ultrasonic Nebulizer, Vibrating Mesh Nebulizer
Respiratory Disposable Devices Market – Segmented By:Device Type: Oxygen Cannula, Oxygen Mask, Tracheostomy Tube, Resuscitator, Heat and Moisture Exchanger (HME/HMEF)
Oxygen Therapy Devices Market – Segmented By:Device Type: Oxygen Concentrator (Stationary, Portable)
Therapeutic Obstructive Sleep Apnea Devices Market – Segmented By:Device Type: Positive Airway Pressure (Continuous, Auto-Titrating, Bi-Level), Sleep Therapy Interface (Nasal Mask, Full-Face Mask, Nasal Pillow/Alternative Interface)
Sleep Diagnostic Devices Market – Segmented By:Device Type: Polysomnography, Home Respiratory Polygraphy
Research Scope Summary
Regions: North America(Canada, United States), Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela), Western Europe(Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine), Middle East(Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Mongolia, Malaysia, Myanmar, New Zealand, Philippines, Pakistan, Singapore, South Korea, Taiwan, Thailand, Uzbekistan, Vietnam), Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year: 2023
Forecast: 2024-2030
Historical Data: 2020-2023
Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage: COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.