(MoneyNewsWire.Net, January 05, 2018 ) The North America Anaesthesia and Respiratory Devices Market was worth USD 6.13 billion in 2016 and estimated to be growing at a CAGR of 8.35%, to reach USD 9.13 billion by 2021. North America dominates the market in terms of revenue due to the healthy innovation, constant research and development along with the sophisticated healthcare infrastructure and positive reimbursement policies of the government.
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Anaesthesia devices are very much accepted by anaesthesiologists, nurse anaesthetists and anaesthesiologist assistants to hold up the administration of anaesthesia for diverse surgeries including dental surgeries. Respiratory devices help in removal of mucus from the respiratory airways and thereby improve pulmonary function.
Anaesthesia and respiratory devices, due to their potential to resolve a variety of environmental and lifestyle induced respiratory disorders are expected to observe a substantial growth. Growing incidences of respiratory illnesses such as Chronic Obstructive Pulmonary Disease (COPD) and Obstructive Sleep Apnea (OSA) are high-impact rendering drivers for this market. Though, rapid advancements in the anaesthesia industry make it ever more difficult for the anaesthesiologists to keep up with anaesthesia machine technology.
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The North America Anaesthesia and Respiratory devices market is segmented on the basis of device into Anaesthesia Devices and Respiratory Devices. Anaesthesia devices segment is further bifurcated into Anaesthesia Machines, Anaesthetic Monitors, Anaesthetic Vaporizers, Analgesic Machines, Anaesthetic Masks and Anaesthetic Accessories. Respiratory devices are also sub segmented into Humidifiers, Resuscitators, Breathing Circuits, Chambers, CPAP Devices, Masks, Oxygen Concentrators, Nebulizers, Ventilators, Inhalers, Tracheotomy Tubes, Oxygen Cannula, Capnographs and Spirometers. The anaesthesia machines are most commonly used in all types of surgeries as it is designed to provide an accurate and continuous supply of medical gases mixed with anaesthetic vapours.
Based on geography the market is analysed under various countries namely, USA and Canada. USA is leading the anaesthesia and respiratory devices market followed by Canada.
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Some key players in the anaesthesia and respiratory devices market are Philips Healthcare, OSI Systems and Mindray, GE Healthcare, Draegerwerk AG, Masimo, Getinge Group, Fisher and Paykel, Covidien, Airsep Corp., Alung Technologies Inc., Bomimed Inc., 3M, Carefusion Inc., Astra Zeneca, Invacare, ResMed, Teleflex Inc., and Smiths Medical.
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