(PharmaNewsWire.Com, August 28, 2017 ) Destinations where the cost of manufacturing anaesthesia and respiratory devices is low are anticipated to offer many growth opportunities to the market. Saturated western markets combined with tax reforms and regulatory burden forces the global big players to explore the profit from emerging economies such as Latin America region.
A key growth factor for the anaesthesia and respiratory devices market is the growth in the number of patients who are opting for home healthcare devices as compared to hospital care devices. The need of patients for handy devices has accelerated the growth of this market. The growth in surgeries along with rising incidences of respiratory diseases has led to expansion of the anaesthetic and respiratory devices market. High cost of advanced devices is obstructing the growth of this market.
The Latin 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, Mexico, Argentina and Brazil. Mexico is dominating the Latin America region market and estimated to continue its dominance over the forecast period.
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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