Anesthesia Market Report

Anesthesia Market Report

by John Wallace

The anesthesia and respiratory markets are closely linked in the global economy. It makes sense that the two devices would be viewed together and many manufacturers of anesthesia devices also produce respiratory devices. The opposite is also true.

A 2012 report on the global anesthesia and respiratory markets by ASDReports.com highlights reasons for growth and forecast a market worth $14 billion by 2017.

“The global anesthesia and respiratory devices market is forecast to exceed $14 billion by 2017 with a Compound Annual Growth Rate (CAGR) of 4.7 percent during the period 2010-2017,” the ASDReports document reads. “The market is expected to be primarily driven by the huge patient population suffering from respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) and the availability of medical devices to treat Obstructive Sleep Apnea (OSA) and COPD.”

COPD and OSA are conditions that could increase a demand in the respiratory market. The report also indicates other reasons that both the anesthesia and respiratory devices markets could experience more demand in the future.

“Other factors to drive the growth of the anesthesia and respiratory devices market include an increase in disposable income in emerging countries, an increase in the number of hospitals, growing demand for home healthcare devices and an expansion in reimbursement for (a) wide range of anesthesia and respiratory devices,” according to the ASDReports website.

Read the full article on the April 2014 issue of Medical dealer magazine