Breathing Circuits Market worth $2.16 billion by 2029
The report "Breathing Circuits Market by Circuit Type (Single Limb, Dual Limb), Usage (Disposable, Reusable), Application (Anesthesia, Respiratory Dysfunction), Patient Type (Adults, Pediatric & Neonatal), End User (Hospitals, Clinics) - Global Forecast to 2029 ", is valued at an estimated USD 1.57 billion in 2024 and is projected to reach USD 2.16 billion by 2029 at a CAGR of 6.5% during the forecast period.
Browse 289 market data Tables and 59 Figures spread through 281 Pages and in-depth TOC on "Breathing Circuits Market by Circuit Type (Single Limb, Dual Limb), Usage (Disposable, Reusable), Application (Anesthesia, Respiratory Dysfunction), Patient Type (Adults, Pediatric & Neonatal), End User (Hospitals, Clinics) - Global Forecast to 2029 "
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In recent years, there has been substantial growth in the breathing circuits market. Factors such as an increasing number of surgeries and rising cases of emergencies worldwide are major drivers of the breathing circuits market. High-quality breathing circuits are in demand in surgical settings where accurate and stable respiratory support is necessary. Another factor is the rise in the number of emergency cases where most of these cases entail breathing problems and require immediate respiratory intervention. All these factors have further strengthened the market growth by ensuring that healthcare facilities are equipped with breathing circuits that are functional to meet the increasing demands of planned and unplanned medical procedures.
In 2023, the anesthesia segment dominated the breathing circuits market by application segment.
Based on application, the breathing circuits market is segmented into anesthesia, respiratory dysfunction, and other applications. The anesthesia segment dominated the largest share of the global breathing circuits market in 2023. The large share of this segment is attributed to the rising volume of surgical procedures globally that would help in facilitating the need for the precise and controlled delivery of anesthetic gases. This would increase the demand for breathing circuits that would continuously supply anesthetic agents to the patients and ensure appropriate ventilation for them. The increasing number of hospitals will further boost market growth significantly to meet the growing demand for surgical and anesthesia equipment and devices, including anesthesia breathing circuits.
The hospitals segment held the largest share of the breathing circuits market by end user segment in 2023.
Categorized by end user, the breathing circuits market is segmented into hospitals, ambulatory surgical centers, clinics, and other end users. The largest share of the breathing circuit market was held by the hospitals segment in 2023. Rising numbers of hospitals across the globe due to increasing chronic diseases and surgical procedures are some primary factors driving the growth of this market. With the rising burden of chronic diseases, high rates of admission rates in hospitals, an increased need for surgical procedures, and rising requirements for critically ill patients, the demand for breathing circuits is rising. In this regard, many hospitals have modern respiratory equipment to enhance better patient outcomes and are also catering to the difficult respiratory conditions demanding improved health care delivery. This will translate into an increased number of patients, hence directly an increase in the adoption and utility of breathing circuits in hospitals.
North America is the largest regional market for breathing circuits market.
The market for breathing circuits has been divided into six key geographical regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. In 2023, North America held the predominant portion of the breathing circuits market. The significant market share in the global breathing circuits market is held by this region due to the developed healthcare infrastructure and immense volume of surgeries in North America, boosting demand for high-end medical devices in respiratory and anesthesia management, including breathing circuits. Increased spending on healthcare, growing volume of healthcare expenditure in the US and Canada, and a strong focus on healthcare infrastructure are some other factors that promote the growth in this market.
The major players operating in this market are Drägerwerk AG & Co. KGaA (Germany), Medtronic (Ireland), Cardinal Health (US), Fisher & Paykel Healthcare Limited (New Zealand), ResMed (US), Ambu A/S (Denmark), GE Healthcare (US), ICU Medical, Inc. (US), Koninklijke Philips N.V. (Netherlands), Hamilton Medical (Switzerland), Medline Industries, LP (US), Forca Healthcare (India), Braun & Co. Limited (UK), Inspiration Healthcare Group PLC (UK), Besmed Health Business Corp. (Taiwan), Eakin Healthcare (UK), BOMIMED (Canada), Flexicare (Group) Limited (UK), Bio-Med Devices (US), Airlife (US), Mercury Medical (US), Intersurgical Ltd (UK), Fairmont Medical Products Pty Ltd. (Australia), Breas Medical AB (Sweden), and GPC Medical Ltd. (India).
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