Anesthesia, Respiratory, and Sleep Therapy Markets to Reach $14B by 2030 Globally Amid Economic and Demographic Shifts
VANCOUVER, BC, CANADA, April 9, 2024 /EINPresswire.com/ -- iData Research, a renowned global consulting and market research firm specializing in the medical device, dental, and pharmaceutical sectors, has released its 2024 report on the Global Anesthesia, Respiratory, and Sleep Therapy (ARS) Market. This comprehensive suite of reports offer an in-depth analysis of various market segments, including segments for anesthesia delivery units, anesthesia monitors, anesthesia disposables, ventilators, nebulizers, respiratory disposables, oxygen concentrators, therapeutic obstructive sleep apnea devices and sleep diagnostics devices.
In 2022, global inflation soared to its highest in over three decades, pushing production and selling prices up across many industries, including the ARS market. The more complex devices saw sharper cost increases. Despite widespread hikes, consumer acceptance has prevented significant sales drops, even fostering market growth. Prices in affected sectors are predicted to rise further, albeit more slowly.
The global ARS market owes much of its growth to prevailing demographic trends. Primarily, the aging population stands out as a significant factor. With populations growing older across many regions, there's a surge in age-related surgeries, respiratory ailments, and occurrences of sleep apnea. Additionally, the escalating worldwide obesity rates, notably prevalent in North America, the Middle East, Australia, and New Zealand, further compound these challenges. Weight gain correlates with respiratory issues and sleep disorders, often necessitating weight-related surgeries.
Key highlights from iData's report include:
Robust Market Expansion: The global ARS market stood at $10.9 billion in 2023 and is projected to grow at a 4.5% CAGR, reaching $14.8 billion by the end of the forecast period.
Supply Chain Disruptions: Pandemic-induced global supply chain disruptions, exacerbated by shipping delays, labor shortages, and geopolitical events, have eased in 2023, impacting unit sales and prices less severely.
Competitive Landscape: In the Global Anesthesia, Respiratory, and Sleep Therapy market, the top three market share leaders were ResMed, Philips Healthcare, and Teleflex. Other leading competitors in the U.S. include GE Healthcare, Mindray, Ambu, Medtronic, Getinge, among others.
For more information on the Global Anesthesia, Respiratory, and Sleep Therapy Market, visit our report product page:
https://idataresearch.com/product/anesthesia-respiratory-and-sleep-therapy-devices-market/
About iData
iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today's dynamic market landscape.
Extensive Industry Coverage: iData Research boasts an impressive range of industry coverage, spanning healthcare, medical devices, dental, pharmaceuticals, biotechnology, and more. This breadth of coverage ensures that clients from various sectors can access accurate, up-to-date information relevant to their business goals.
High-Quality Data: The cornerstone of iData Research's success is its commitment to providing high-quality data. Their team of expert analysts employs rigorous methodologies to collect and analyze data from reliable sources. This ensures that clients receive accurate, insightful, and actionable information to guide their strategic decisions.
In-Depth Analysis: iData Research goes beyond mere data presentation by offering in-depth analysis that goes right to the heart of industry trends, market dynamics, and competitive landscapes. Their reports provide a holistic understanding of market forces, helping clients identify opportunities and challenges.
Customized Solutions: Recognizing that every business is unique, iData Research offers customizable solutions that cater to specific client needs. Whether it's a small startup or a multinational corporation, their tailored offerings provide the right insights to drive growth and success.
Timely Updates: Staying ahead in today's fast-paced business environment requires access to real-time information. iData Research ensures that its clients are equipped with the latest data and insights, enabling them to make agile decisions and adapt to market changes swiftly.
Global Perspective: In an increasingly interconnected world, having a global perspective is essential. iData Research's reports provide insights into various geographic markets, enabling clients to make informed decisions regardless of their business's location.
Trusted by Industry Leaders: The fact that iData Research is trusted by industry leaders and renowned companies speaks volumes about the quality of their services. Their client list includes major players who rely on their insights for strategic planning.
Kamran Zamanian
iData Research
+1 778-549-3830
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
