Breathing Circuits Market Size to Grow at a CAGR of 3.5% During the Forecast Period 2021–2026
Rising Prevalence of Respiratory Diseases is Driving the Growth of Breathing Circuits Market
Hyderabad, India – July 20, 2021 /MarketersMedia/ —
Breathing Circuits Market size was estimated at $1.1 billion in 2020, projected to grow at a CAGR of 3.5% during the forecast period 2021-2026. Breathing Circuits industry is witnessing huge demand owing to rising number of coronavirus cases and also asthma cases worldwide. A breathing machine, also known as a breathing circuit or mapelson is a medical device that delivers oxygen, removes carbon dioxide, and administers inhaled anesthetics to a patient.
An anesthesia machine is a device that administers general anesthesia to patients during a medical procedure that provides a steady flow of air with a controlled supply of gas, is the most widely used system. Inhalation anesthetics are used in operating room to induce and maintain general anesthesia. Breathing circuits are effective, simple, and meet the anesthetic needs of neonates, infants, children, and adults.
Breathing Circuits Market Segment Analysis – By Product Type
Based on Product Type, Breathing Circuits Market is segmented into Open, Semi-Open, Closed and Semi-Closed. Open Breathing Circuit segment is accounted for the largest revenue market share in 2020. The open breathing circuit is a conventional method for providing patients with a continuous supply of oxygen and other necessary gases. The devices in open circuits are packed with filtered, compressed air instead of pure oxygen.
The Semi-Open breathing circuits segment is poised to grow with the fastest CAGR of 3.8% in the forecast period 2021-2026.
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Breathing Circuits Market Segment Analysis – By Application
Based on Application, Breathing Circuits Market is segmented into Respiratory Dysfunction, Anesthesia. Anesthesia segment is accounted for the largest revenue market share in 2020. Because of the rising burden of chronic diseases, the anesthesia segment is predicted to experience significant growth in the coming years. The rising incidence of cardiovascular diseases, which are the leading cause of death in humans, would increase demand for anesthesia, resulting in segment development.
Anesthesia is widely used during surgical procedures to relieve surgical discomfort during intervention that aid the growth of the segment. Respiratory Dysfunction, segment is anticipated to grow with the fastest CAGR of 3.9% in the forecast period 2021-2026.
Breathing Circuits Market Segment Analysis – By Geography
Based on Geography, North America Breathing Circuits Market accounted for the 41% revenue share in 2020. This is majorly attributed to the technological advancement and rising geriatric population. Between 1980 and 2014, the overall incidence of death from chronic respiratory diseases like COPD increased by around 30% in the United States, according to the Journal of the American Medical Association.
In the United States in 2015, chronic respiratory diseases were the fifth leading cause of death, accounting for 6.7 percent of all deaths. Chronic respiratory disorders is the fifth leading cause of death in the United States. Asia-Pacific market is anticipated to grow with the fastest CAGR in the forecast period 2021-2026. Growing geriatric population, an increase in health-care spending in addition with advancements in healthcare infrastructure are some of the factors projected to drive the breathing circuit market in Asia Pacific.
Breathing Circuits Market Segment Analysis-Drivers
Rising prevalence of Respiratory Diseases:
The global demand for breathing circuits is continuing to rise due to the rising prevalence of chronic inflammation caused by smoking. The rising prevalence of asthma, chronic coughing, and bronchial cancer is also driving demand for breathing circuits. According to the CDC, asthma affects 18.4 million people aged 18 and up, or 7.6% of the adult population. Owing to the prevalence of these diseases, there has been an increase in demand for deep breathing.
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Breathing Circuits Market Segment Analysis-Challenges
Side Effects Of Inhalation Anesthetics:
Respiratory depression, where Inhalational anesthetics cause a decrease in arterial blood pressure and cerebral metabolic demand, as well as an increase in cerebral blood flow. The most common side effect is nausea, that varies depending on the drug (e.g., halothane can cause hepatotoxicity).
Breathing Circuits Market Segment Landscape:
Breathing Circuits Market top 10 companies are Dickinson & Company, Ambu A/S, Altera, C.R. Brad, Telefles Incorporated, Fisher & Paykal Healthcare, GE Company, Bio-Med Devices, WilMarc Medical, Becton, Armstrong Medical Ltd.
Acquisitions/Product Launches:
In 2020, Eakin Healthcare Group, a Northern Irish family-owned healthcare company that also operates internationally in the ostomy, wound care, and surgical sectors, acquired Armstrong Medical.
Key Takeaways
According to Asthma and Allergy Foundation of America, in 2019, 44.3% of asthmatic children aged 18 and under said they had one or more asthma attacks in the previous year.
One of the main factors driving up demand for breathing circuits around the world is the increasing number of coronavirus (COVID-19) cases.
Furthermore, to improve the comfort and treatment given to the patient, several market players are offering moisture filters, revolutionary tubes, and heat face masks that aids to market growth.
However, Inhaled anesthetics causes nephrotoxicity, hepatotoxicity, cardiac arrhythmias, neurotoxicity, and other side effects and is predicted to hamper the market growth.
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A. Anesthesia Breathing Circuits Market
https://www.industryarc.com/Research/Anesthesia-Breathing-Circuits-Market-Research-501718
B. Mechanical Ventilators Market
https://www.industryarc.com/Report/15298/mechanical-ventilators-market.html
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