by The anesthesia and respiratory devices market is projected to grow from USD 47.41 billion in 2024 to USD 90.18 billion by 2034, at a CAGR of 6.64%.
Anesthesia & Respiratory Devices Market Key Takeaways
- North America accounted for the highest revenue share of 26% in 2024.
- Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.
- The respiratory devices segment led the global market in 2024 by product category.
The anesthesia and respiratory devices market is experiencing significant growth, driven by advancements in medical technology and the rising prevalence of respiratory disorders. In 2024, North America held the largest revenue share of 26%, while Asia-Pacific is expected to witness the fastest CAGR during the forecast period. Among product segments, respiratory devices dominated the global market in 2024, reflecting the increasing demand for advanced respiratory care solutions. With a projected market size of USD 90.18 billion by 2034, the industry is poised for steady expansion, supported by technological innovations and a growing aging population.
Sample Link: https://www.precedenceresearch.com/sample/1098
Key Drivers
Opportunities
- Growing demand for homecare and portable respiratory devices.
- Advancements in anesthesia and respiratory device technologies.
- Increasing healthcare investments in emerging economies.
- Rising prevalence of chronic respiratory diseases driving long-term demand.
- Expansion of minimally invasive and robotic-assisted surgeries.
Challenges
- High costs associated with advanced anesthesia and respiratory devices.
- Stringent regulatory approvals and compliance requirements.
- Shortage of skilled healthcare professionals for device operation.
- Risks of device-related complications and recalls.
- Limited accessibility to advanced healthcare infrastructure in developing regions.
Regional Insights
North America leads the anesthesia and respiratory devices market, holding the highest revenue share in 2024, driven by advanced healthcare infrastructure, high healthcare spending, and the rising prevalence of respiratory diseases. Europe follows closely, benefiting from strong government initiatives, technological advancements, and a well-established medical sector.
The Asia-Pacific region is expected to witness the fastest CAGR during the forecast period, fueled by increasing healthcare investments, a growing geriatric population, and rising cases of respiratory disorders. Emerging economies in Latin America and the Middle East & Africa are also experiencing steady growth due to improving healthcare facilities and increasing awareness of respiratory care solutions.
Don’t Miss Out: Laboratory Equipment Market
Market Key Players
- GE Healthcare
- Philips Healthcare
- Braun Medical Inc.
- Drägerwerk AG & Co
- KGaA
- Getinge AB
- Teleflex Inc
Recent News
Recent developments in the anesthesia and respiratory devices market highlight significant industry shifts. In January 2025, a private equity firm agreed to settle charges related to attempts to consolidate the Texas anesthesia market, impacting market dynamics and competition. In September 2024, a major tobacco company sold a respiratory drug company it had acquired three years prior, marking a strategic retreat from its healthcare diversification efforts.
Additionally, in mid-2024, a leading medical equipment manufacturer experienced a substantial stock surge, attributed to strong sales growth and strategic investments in digital health solutions. These events underscore the evolving landscape of the anesthesia and respiratory devices sector, influenced by regulatory actions, strategic business decisions, and market performance.
Market Segmentation
By Product
- Anesthesia Devices
- Machines
- Workstations
- Monitors
- Ventilators
- Delivery machines
- Standalone
- Portable
- Disposables
- Disposable Accessories
- Disposable Masks
- Machines
- Respiratory Devices
- Disposables
- Disposable Oxygen Masks
- Resuscitators
- Tracheostomy Tubes
- Oxygen Cannula
- Equipment
- Reusable Resuscitators
- Ventilators
- Adult Ventilators
- Neonatal ventilators
- Positive Airway Pressure
- Bi-level positive airway pressure devices
- Continuous positive airway pressure devices
- Nebulizers
- Pneumatic nebulizers
- Mesh nebulizers
- Ultrasonic nebulizers
- Inhalers
- Dry powdered inhalers
- Metered-dose inhaler
- Humidifiers
- Heat exchangers
- Pass over humidifiers
- Heat humidifiers
- Heated wire breathing circuits
- Oxygen Concentrators
- Portable oxygen concentrators
- Fixed oxygen concentrators
- Measurement Devices
- Spirometers
- Pulse Oximeters
- Capnography
- Peak Flow Meters
- Disposables
