(MoneyNewsWire.Net, January 09, 2018 ) The Middle-East and Africa Anaesthesia and Respiratory Devices Market was worth USD 1.63 billion in 2016 and estimated to be growing at a CAGR of 8.749%, to reach USD 2.5 billion by 2021.
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Procuring refurbished anaesthesia equipment has been a significantly noticeable trend among a number of healthcare organizations, clinics and outpatient surgery centres. The familiarity of anaesthetists with a specific machine due to years of proficiency in using it and longer waiting periods for new equipment to be delivered are factors that have opened the gates for refurbishes to enter the anaesthesia equipment marketplace.
The increasing base of geriatric population and rising rates of environmental pollution also leads to the growth of these devices. Moreover, the shifting preference of patients towards home care devices from hospital care is also expected to accelerate the demand for anaesthesia and respiratory devices market over the forecast period. However, the high costs associated with products, strict regulatory approvals coupled with alternate medications are the key restraints for the market.
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The Middle-East and Africa 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, Middle-East and Africa. Middle-East is leading the market and Africa is expected to grow at highest CAGR in the coming years.
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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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