Enjoy complimentary customisation on priority with our Enterprise License!
The anesthesia breathing circuits market is estimated to grow at a CAGR of 8.22% between 2022 and 2027. The size of the market is forecast to increase by USD 416.38 million. The growth of the market depends on several factors, including the increasing number of surgeries and medical emergency cases, the growing prevalence of chronic diseases and associated risk factors, and Improving healthcare infrastructure in developing economies.
This report extensively covers market segmentation by end-user (hospitals, ambulatory surgical centers, and clinics), product type (closed circuits, semi-closed circuits, semi-open circuits, and open circuits), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
Technavio categorizes the global anesthesia breathing circuits market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in the research and development of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing number of surgeries and medical emergency cases are notably driving the market growth, although factors such as the shortage of skilled anesthesiologists may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Anesthesia Breathing Circuits Market Driver
The increasing number of surgeries and medical emergency cases are notably driving market growth. The increasing incidence and prevalence of various chronic and lifestyle diseases, such as cancer, cardiovascular diseases (CVDs), chronic obstructive pulmonary disease (COPD), bone-related diseases, thrombosis, liver diseases, and renal diseases, is increasing the number of emergency visits to hospitals for various diagnostic and therapeutic purposes. In certain cases, surgeries are recommended by physicians as a part of the treatment and management regimen for various medical conditions, such as CVDs, malignant tumors, and cancer.
General anesthesia is used while performing heart, joint, lung, brain, and major artery surgeries. It is an essential procedure that is followed by medical practitioners, especially surgeons, to facilitate surgical procedures. The increasing number of surgeries spurs the demand for anesthesia breathing circuits during anesthesia delivery to patients during surgery. Therefore, a growing number of surgeries and emergency cases requiring the delivery of anesthesia is expected to increase the demand for anesthesia breathing circuits, which will boost the growth of the market in focus during the forecast period.
Significant Anesthesia Breathing Circuits Market Trend
The adoption of latex-free and anti-microbial breathing circuits is an emerging trend in the market. Systematic disinfection of anesthesia breathing circuits is required to ensure that they do not become a vector for the cross-transmission of diseases. As a result, anesthesia breathing circuits that are made of an anti-microbial latex film could prevent pathogenic germs from growing on them. The addition of anti-microbial agents in anesthesia breathing circuits shows a comparable effect on the mechanical properties of natural rubber (NR) latex films. Inorganic metal oxides such as zinc oxide nanoparticles (ZnO NP) may act as both an activator and an anti-bacterial. Therefore, adding anti-microbial agents, especially ZnO NP, might be a superior option to NR latex films.
Due to the above benefits that they provide, the usage of latex-free and anti-bacterial breathing circuits has gained attention. Products without latex reduce the possibility of allergic reactions, leading to enhanced patient care. Drager, for instance, provides latex-free breathing circuits for the care of adult and infant patients. Therefore, such factors are expected to boost market growth during the forecast period.
Major Anesthesia Breathing Circuits Market Challenge
The shortage of skilled anesthesiologists is a major challenge impeding market growth. Unlike other forms of anesthesia, including local anesthesia and nerve blocks, general anesthesia always needs to be delivered to patients under the supervision of a specialist anesthetist. This is because administering general anesthesia safely and reliably requires in-depth knowledge, technical skills, and awareness of the patient's vital parameters at the time of delivering anesthesia.
In many countries, there is a severe shortage of anesthetists. Therefore, there is a need for adequately trained anesthetists to meet the demand in countries like Africa. For instance, African countries like Somalia and Central African Republic do not have trained anesthesiologists. These countries only have nurses with basic training to anesthetize patients. Furthermore, access to trained anesthetists is further complicated by the uneven distribution of anesthesiologists in rural areas. The demand for anesthetists is increasing significantly due to the rising number of surgeries and the growing prevalence of chronic diseases and related risk factors. However, the lack of skilled and trained anesthetists is limiting the demand for anesthesia breathing circuits. These factors will hinder the growth of the global market during the forecast period.
Key Anesthesia Breathing Circuits Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Anesthesia Breathing Circuits Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BioMed Devices - The company operates under one segment. The company under this segment offers transport ventilators, blenders, breathing circuits, and accessories. The key offerings of the company include anesthesia breathing circuits.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, robust, tentative, and weak.
The market share growth by the hospital segment will be significant during the forecast period. Hospitals accounted for the biggest and fastest-growing end-user segment in the global market in 2022 as a result of the increasing prevalence of chronic diseases and medical conditions that need hospitalization and surgical intervention. Anesthesia breathing circuits help to administer the anesthetic required for surgeries to be performed.
Get a glance at the market contribution of various segments Request a PDF Sample
The hospitals segment was valued at USD 348.85 million in 2017 and continued to grow until 2021. In the US, hospitals witnessed a rise in the number of surgeries in 2021, including cataracts, transplants, and others. Similarly, The Lancet Commission for Global Surgery (LCoGS) estimated in 2021 that 5,000 surgeries needed to be performed to meet the surgical burden of disease among 100,000 people living in low and lower-middle-income countries globally. Therefore, the increase in the number of surgeries in hospitals is anticipated to increase the demand for anesthesia breathing circuits in these hospitals. Moreover, rising healthcare infrastructure and the growing number of hospitals in emerging economies like India, Malaysia, and others are propelling the demand for anesthesia breathing circuits. Therefore, such factors will foster the growth of the global market through the hospital segment during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US and Canada are the major revenue contributors to the market in North America. The market in the region is driven by the well-established healthcare infrastructure, an increasing number of surgeries being performed under general anesthesia, and the growing prevalence of chronic diseases and related risk factors. In addition, the growing number of ASCs has led to a rise in the number of surgeries performed in developed countries in the region, such as the US. For instance, in December 2021, Trillium Health Partners, a hospital network based in Western Toronto, Canada, announced plans to invest USD 27 million to establish a new multispecialty hospital in Mississauga. Thus, the growing number of hospitals in developed countries adds to the number of surgical procedures performed, which, in turn, will boost the demand for anesthesia breathing circuits in the region during the forecast period.
The prevalence and incidence of chronic diseases in North America have increased significantly. For instance, according to the National Cancer Institute, in 2020, 1,806,590 new cases of cancer were diagnosed in the US, while 606,520 people lost their lives due to the disease. The increasing prevalence of such chronic diseases increases the demand for surgical procedures as a part of the overall treatment regimen, which drives the demand for anesthesia breathing circuits for airway maintenance during surgery. This, in turn, will boost the growth of the market in North America during the forecast period.
The growth of the North American market for anesthesia breathing circuits was hindered by the outbreak of COVID-19 in 2020. However, owing to the large-scale COVID-19 vaccination drives carried out by the governments, various business and industrial activities resumed, including the production facilities manufacturing anesthesia breathing circuits in this region. Also, owing to the easing of the lockdown restrictions, more people in North America visited healthcare facilities, hospitals, and clinics in 2021 for treatment. Furthermore, the growth of the market can also be attributed to the mandatory regulatory standards and the implementation of practice guidelines released by the healthcare organizations in this region. Moreover, the increasing adoption of online distribution channels and the implementation of digital technologies in supply chain operations will augment the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Anesthesia Breathing Circuits Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
170 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.22% |
|
Market growth 2023-2027 |
USD 416.38 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
7.49 |
|
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
|
Performing market contribution |
North America at 35% |
|
Key countries |
US, Germany, France, China, and Japan |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Airways surgical Pvt. Ltd., Ambu AS, Becton Dickinson and Co., BioMed Devices, Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., Flexicare Group Ltd., General Electric Co., Haier Smart Home Co. Ltd., Hamilton Bonaduz AG, ICU Medical Inc., Intersurgical Ltd., Medtronic Plc, Ningbo Boya Medical Equipment Co., Ltd., OSI Systems Inc., Sharn Inc., Teleflex Inc., TG Eakin Ltd., Vincent Medical Holdings Ltd., and Vyaire Medical Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
