The anesthesia and respiratory device market is largely varied and thriving so far this year.
Here's what you should know.
1. The market has two segments: respiratory and anesthesia devices. The respiratory device market has a larger market share because of its wide adaptation rate in healthcare institutions and the home healthcare and ambulance markets.
2. Analysts project the markets will benefit from rising healthcare spending, medical tourism and emerging economies providing growth opportunities.
3. Europe was the market leader followed by the Americas and the Asian Pacific region.
4. Device manufacturers continue to pivot towards developing advanced technologies.