Global Breathing Circuits Market- Industry Analysis and Forecast (2019-2027)
Global Breathing Circuits Market was valued US$ 990.30 Mn in 2019 and is expected to reach US$ XXX0.50 Mn by 2027, at a CAGR of X.75 % during a forecast period.
Global Breathing Circuits Market
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Breathing circuits are used to administer medicated gases directly into the lungs of patients. The Breathing circuits medical devices are designed in such a way that it forms artificial respiratory systems to implement the exchange of gases.
Global Breathing Circuits Market, Dynamics:
Technology advancements and innovations in the healthcare industry have resulted in the development of medical equipment, which can be customized as per the requirements for specific conditions. An innovative technology is expected to assist surgeons in delivering enhanced pain relief with negligible adverse effects. The global breathing circuits market is expected to grow at a rapid rate because of the high occurrence rate of obtrusive sleep apnea, asthma, and chronic obstructive pulmonary diseases.
An increase in number of coronavirus (COVID-19) cases are one of the key drivers, which is expected to increase the demand for breathing circuits across the globe. Previously, breathing circuits are widely used for the operating rooms and now with an innovations in the technology it is discovered a place in post- operative care units, conveyance rooms and critical care units to support the breathing of the patient.
On the other hand, lack of skilled workforces and stringent government regulations regarding to the safety and efficacy of anesthesia breathing circuits are expected to hamper the global breathing circuit market growth.
Furthermore, Ongoing R&D activities associated to anesthesia breathing bags are expected to offer new opportunities for the breathing circuit market key players.
Global Breathing Circuits Market, Segment Analysis:
The Anesthesia segment is expected to contribute XX% share in the global breathing circuits market. An increase in consumption of alcohol, unhealthy food habits, and environmental pollution are the major reasons for the prevalence of Anesthesia diseases. An introduction of the advanced Anesthesia treatment devices is assisting to reduce the risk of contamination from environment. The breathing circuits are widely used for the purpose of providing drugs to the old age, infants, and children. Surgical procedures are greatly helping in managing the chronic respiratory diseases. The use of anesthesia circuits by physicians to perform surgical procedures are some of the prominent factors, which are expected to increase the demand for breathing circuits during the forecast period. In addition, the growth in the prevalence of barotrauma are expected to boost the global breathing circuits market.
The Hospitals segment is expected to hold the dominant position in the market. The dominance position in the market is attributed to the increased requirement for treatment of coronavirus infection in communities. The Government and local regulatory bodies are focusing on the enhancement of the patient admission capacities at hospitals, number of medical professionals and availability of the breathing circuits for reduction of the COVID-19 crisis.
Global Breathing Circuits Market, Regional Analysis:
The North American region held the XX% share in 2019 and is projected to grow at a XX% rate of CAGR during the forecast period. The growth in the market is attributed to the rise in cases of the COVID-19 and presence of the prominent medical key players. An increase in adoption of advancements in technology and the incidence of respiratory diseases are expected to boost the regional growth. In U.S, coronavirus diagnoses have skyrocketed. The New York City alone has reported more than 3,670 cases. Also, U.S. has reported more than 13,000 patients, which are expected to increase the demand for the breathing circuits across the globe.
Global Breathing Circuits Market, Competitive Analysis:
Key players in the global breathing circuits market looking for various opportunities to increase their revenues by expanding in untapped markets. An increase in number of emergency cases in the hospitals are expected to boost sales of the breathing circuits in the healthcare industry. The prominent key players are introducing advanced breathing systems to expand their market share. For instance, Drager and Teleflex have developed and introduced latex-free and anti-microbial products, which is expected to help to increase their customer base.
The objective of the report is to present a comprehensive analysis of the Global Breathing Circuits Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Breathing Circuits Market dynamics, structure by analyzing the market segments and projects the Global Breathing Circuits Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Breathing Circuits Market make the report investor’s guide.
Scope of the Global Breathing Circuits Market
Global Breathing Circuits Market, By Type
Global Breathing Circuits Market, By Application
• Respiratory Dysfunction
• Other Applications
Global Breathing Circuits Market, By End-User
• Ambulatory Surgery Center
• Other End-Users
Global Breathing Circuits Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Breathing Circuits Market
• Ambu Inc.
• Fisher & Paykel Healthcare Limited.
• Teleflex Incorporated
• Dragerwerk AG & KGaA
• Becton, Dickinson and Company
• GE Company
• Armstrong Medical Ltd
• Hamilton Medical
• Smiths Medical
• Wilmarc Medical
• C. R. Bard, Inc.
• Bio-Med Devices
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