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Europe anaesthesia and respiratory devices market growing at a CAGR of 8.65%

Europe anaesthesia and respiratory devices market growing at a CAGR of 8.65%

Europe Anaesthesia and Respiratory Devices Market was worth USD 4.98 billion in 2016 and estimated to be growing at a CAGR of 8.65%, to reach USD 7.5 billion by 2021.

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Europe is the second largest region for anaesthesia and respiratory devices market.The anaesthetic devices are intended to be used in all types of surgeries and supply a continuous flow of medical gases mixed with anaesthetic vapours, which are delivered to patients at a protected pressure and flow. Respiratory devices are a medical specialty decisive on treatment, management, control, diagnostic, evaluation and care of patients with deficiencies of the cardiopulmonary system.

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Speedy technological advancements taking place in these products are likely to lead towards the accessibility of better options for healthcare practitioners and the patients, thus promoting anaesthesia and respiratory devices market growth. Furthermore, the rising base of elderly population and increasing rates of environmental pollution also are expected to drive market growth.

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Stringent regulations for the market are hampering the growth of this market.

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The Europe Anaesthesia and Respiratory devices market is segmented on the basis of device into Anaesthesia Devices and Respiratory Devices. Anaesthesia devices segment is further bifurcated into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories.

Respiratory devices are also sub segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers. The anaesthesia machines are most commonly used in all types of surgeries as it is designed to provide an accurate and continuous supply of medical gases mixed with anaesthetic vapours.

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Based on geography the market is analysed under various countries namely, Germany, U.K., France, Spain and Italy. Germany is dominating the market and Spain is expected to grow at highest CAGR in the forecast period. 

Some key players in the anaesthesia and respiratory devices market are Philips Healthcare, OSI Systems and Mindray, GE Healthcare, Draegerwerk AG, Masimo, Getinge Group, Fisher and Paykel, Covidien, Airsep Corp., Alung Technologies Inc., Bomimed Inc., 3M, Carefusion Inc., Astra Zeneca, Invacare, ResMed, Teleflex Inc., and Smiths Medical.

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