Increasing in the prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease and obstructive sleep apnea, increasing number of emergency cases, and increasing incidence of chronic inflammation are some of the major driving factors driving the growth of the global breathing circuits market. However, the complication in the operation of devices is hindering the growth of this market to a certain extent.
The global breathing circuits market is expected to reach USD 1,185.5 million by 2023 from USD 983.8 Million in 2018, growing at a CAGR of 3.8% from 2018 to 2023.
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North America is expected to dominate the breathing circuits market and the U.S. is estimated to account for the major market share in 2018. This can be attributed to the presence of major players and increasing hospitalization rate. Further, the Asian region is poised to grow at the highest CAGR during the forecast period owing to developing healthcare infrastructure in the region.
Prominent players in the breathing circuits market are Ambu A/S (Denmark), C. R. Bard (US), Fisher & Paykel Healthcare (New Zealand), Altera (Turkey), Bio-Med Devices (US), Teleflex Incorporated (US), GE Company (US), WilMarc Medical (US) Armstrong Medical Ltd (UK), and Becton, Dickinson and Company (US).
Scope of the Report:
This research report covers the global breathing circuits market by type, application, end user; and geography.
Breathing Circuits Market, By type
Breathing Circuits Market, By Application
- Respiratory Dysfunction
- Other Applications
Breathing Circuits Market, By End User
- Ambulatory Surgery Center
- Other End Users
Breathing Circuits Market, By Region
- North america
- Rest of Europe (ROE)
- Asia pacific
- Rest of Asia Pacific
- Rest of the world (RoW)
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