According to FutureWise analysis the market for anesthesia and respiratory devices in 2023 is US$ 50.03 billion, and is expected to reach US$ 81.07 billion by 2031 at a CAGR of 6.20%.
Anaesthesia and Respiratory Devices function to deliver inhaled gases to patients. These most often include a mixture of fresh gas (oxygen, air) and anaesthetics gases, both volatile agents and non-volatile agents. Respiratory devices help to improve pulmonary function by eradicating any mucus in the respiratory airways. Anaesthesia and respiratory devices also eliminate exhaled gases (including carbon dioxide) from the patient. One way of classifying anaesthesia respiratory devices is based on the presence or the absence of distinct physical and functional characteristics of each technique. However, it is necessary to note that this is not the only method of classifying respiratory systems. Anaesthesia and respiratory devices serve as tubes to deliver drugs and other gases to a patient. Various designs of respiratory systems have been created to perform this function. One method of classifying anaesthesia breathing systems is based on how gas flows- open, semi-open, semi-closed, and closed. This classification method is dictated by the physical aspects of each system.
Safety features of a modern anaesthesia and respiratory device to assure patient administration and the delivery of a safe gas mixture include the following: Color-coded gauges, oxygen flow meter controlled by a single knob, flow meters' oxygen: nitrous oxide ratio monitor and controller, pin index safety system for pipelines, ventilator disconnection alarm, alarm for the failure of oxygen supply, and at least one reserve oxygen cylinder should be available on machines.
FutureWise Market Research has published a report that provides an insightful analysis anaesthesia and respiratory devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, anaesthesia and respiratory devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.