The latest report by IMARC Group, titled “Breathing Circuits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ offers a comprehensive analysis of the industry, which comprises insights on the global breathing circuits market. The market size reached US$ 1.4 Billion in 2022. IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% from 2023–2028.
Breathing circuits are essential components used during anesthesia and mechanical ventilation procedures. These circuits facilitate the delivery of gases to a patient's lungs while simultaneously removing exhaled carbon dioxide. They are essential in maintaining a patient's airway and ensuring a safe and controlled supply of oxygen and anesthetic agents. They typically consist of several components, including tubing, connectors, a patient interface such as a mask or endotracheal tube, and various valves and filters that work together to regulate the flow of gases and provide respiratory support. Additionally, they are essential to ensure patient safety and comfort. As a result, breathing circuits are available in numerous types of breathing circuits, such as open, semi-closed, and closed circuits, each designed for specific medical applications across the globe.
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Breathing Circuits Market Trends and Drivers:
The breathing circuits market is primarily driven by the rising number of respiratory diseases. In addition, conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia require the use of breathing circuits in managing and treating these ailments, thus influencing the market growth. Moreover, several technological advancements in modern breathing circuits have been developed to provide more efficient and patient-friendly ventilation solutions attracting healthcare providers, prompting them to invest in updated equipment, thus representing another major growth-inducing factor. Besides this, the developing countries are investing in their healthcare infrastructure, including procuring modern medical equipment such as breathing circuits, thus accelerating the market growth. Along with this, the rising product demand in homecare settings as a viable alternative to hospitalization for certain medical conditions due to its portability and user-friendliness, allowing patients to receive respiratory therapy in the comfort of their homes, thus propelling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Circuit Type:
- Open Breathing Circuit
- Closed Breathing Circuit
- Others
Breakup by Application:
- Anesthesia
- Respiratory Dysfunction
- Others
Breakup by End-User:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Competitive Landscape:
Some of the key players in the market include:
- Ambu A/S
- Armstrong Medical Ltd.
- BD (Becton Dickinson and Company)
- Bio-Med Devices
- Drägerwerk AG Co. KGaA
- Fisher Paykel Healthcare
- Smiths Group Plc
- Teleflex Incorporated
- WilMarc LLC.
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