The global airway and anesthesia devices market
are expected to witness substantial growth over the forecast period on account
of the increasing air pollution and respiratory problems among people. The
airway devices market is expected to grow considerably as the used in surgeries
to pump oxygen and anesthetic gases in the patient’s body to keep him sedated
and at the same time maintaining the rate of breathing. The anesthesia devices
market is expected to grow substantially owing to increasing rate of surgeries
with increasing rate of population. A huge geriatric population base is prone
to health related problems such as cardiac disorders and respiratory diseases
which act a major driver for the growth of the airway and anesthesia devices
market.
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According to WHO
around 7% of people suffer from respiratory diseases and these diseases grow as
the age increases. Growing geriatric population, rising pollution levels in
highly developed countries, coupled with high demand for portable & better
healthcare facilities is a vital determinant of industry growth. The frequency
of respiratory illness that occurs in the form of COPD (Chronic Obstructive
Pulmonary Diseases) and OSA (Obstructive Sleep Apnea) are expected to foster
the market growth. Supportive government initiatives for healthcare are
expected to drive the airway and anesthesia devices market. Easy availability
of spare parts can help in keeping airway and anesthesia devices smooth &
functional, which in turn can also be utilized for maintaining backups.
Furthermore, growth in the market is anticipated owing to the technological
development which provides improved processing. The focus is on technological
development and innovation to manufacturing patient-friendly devices and ease
of operation.
The airway devices
market is bifurcated on the basis of functioning into supraglottic airway
devices, laryngeal mask airway, prose laryngeal mask airway, ports soft seal
laryngeal mask, fast track intubating laryngeal mask airway,
esophageal-tracheal combi tube, easy tune, laryngeal tube suction, peri
laryngeal airway (cobra), laryngeal tube, slip streamlined pharynx airway liner
and elisha. The anesthesia market is classified into two main products into
anesthesia machines and anesthesia disposables. The generic anesthesia products
include inhalation agents, induction agents, local anesthetics, neuromuscular
blockers, analgesia; advanced anesthesia monitors which are further bifurcated
into the depth of anesthesia, anesthesia gas monitors and standalone
capnography monitors.
In North American
market the airway and anesthesia market is expected to grow substantially owing
to the increasing geriatric population and high standard of living. The increasing
respiratory diseases are another factor leading to the market growth of the
region. The market of the Latin American market is anticipated to grow over the
forecast period owing to the government initiatives towards improved healthcare
facilities of emerging economies such as Brazil and Chile. This is likely to
drive the demand of the market. Europe is expected to grow substantially on
account of increasing awareness among people and high per capita income in most
of the parts of Europe.
Asia Pacific market
is expected to grow over the period owing to the increasing population and
rising consumer disposable incomes. In countries such as India and Japan
governments have shown their interest and have taken initiatives to provide a
better healthcare and medical facilities for the people. The market of the
Middle East & Africa is expected to grow eventually as the standard of
living in most of the countries is comparatively lower than that of the other
developing economies. The demand for airway and anesthesia devices is
anticipated to witness sluggish growth owing to the above reason. However, UAE
and some other developed parts of the market are expected to witness
considerable growth on account of high disposable income of consumers and
growing respiratory diseases.
The major
contributors to the market are GE Healthcare and Covidien, Draegerwerk AG,
Fischer & Paykel, ResMed, Getinge Group, Teleflex Inc., Philips Healthcare,
CareFusion Corp., Intersurgical Ltd., Smiths Medical Inc., Meditronic plc.
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