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Older, Sicker Population Driving Respiratory/Anesthesia Device Market Growth

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Older, Sicker Population Driving Respiratory/Anesthesia Device Market Growth

Respiratory and anesthesia medical devices are experiencing booming sales due to a growing geriatric population and a rise in illnesses such as sleep apnea and COPD. These factors are causing a spike in demand for respiratory help and anesthesia services.Medical device marketing experts are predicting rapid growth for this segment over the next few years. The global market for these devices was around $12 billion in 2012. By 2019, the global market for respiratory and anesthesia devices is…

Respiratory and anesthesia medical devices are experiencing booming sales due to a growing geriatric population and a rise in illnesses such as sleep apnea and COPD. These factors are causing a spike in demand for respiratory help and anesthesia services.
Medical device marketing experts are predicting rapid growth for this segment over the next few years. The global market for these devices was around $12 billion in 2012. By 2019, the global market for respiratory and anesthesia devices is set to exceed $26 billion. North America remains a major player in the market, accounting for more than a third of all sales, but Asia is becoming increasingly important as demand there grows.
According to Grand View Research, Inc., the capability of anesthesia and respiratory devices to help with a number of disorders is contributing to growth in the market, as is a growing geriatric population in greater need of medical services. An older, sicker population will require more medical procedures, including surgery, thus necessitating more anesthesia.
The most lucrative portion of the respiratory and anesthesia device market is that of anesthesia delivery machines. Sales of these machines are expected to grow by 8.5 percent between now and 2022. These devices are used in a variety of medical procedures, and aid in monitoring anesthesia levels during surgeries and other procedures.
Perhaps part of the growth in anesthesia device sales can be attributed to a growing trend of physicians offering procedures requiring anesthesia in their offices, rather than at hospitals. Doctors are now offering endoscopies and a number of other procedures in-house rather than at hospitals. Replacement needs for anesthesia equipment that is aging or becoming obsolete will also help bolster sales. As patients are becoming better informed, they are increasingly demanding the latest and greatest medical devices – including anesthesia devices.
Years ago, nearly all surgeries were performed in hospitals. Today, more than 55 percent of surgical procedures are performed in ambulatory surgery centers, clinics where patients can come in for a surgical procedure and return home on the same day. This method has proven to be less expensive than traditional inpatient surgery and more convenient for patients. Offering procedures in-house also helps physicians increase their profits by allowing them to offer more services.
Why Anesthesiologists Are Needed
Physicians offering medical procedures requiring surgery in their offices should work with medical professionals trained in anesthesiology to ensure safe patient outcomes. While anesthesia has a great safety record, that record was achieved thanks to the skills and expertise of anesthesiology doctors and nurses. By contracting with experienced anesthesiology professionals, physicians can ensure their patients get the best care.
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Strategy Anesthesia partners with a variety of medical practices to provide reliable, clinically competent anesthesiologists and certified registered nurse anesthetists. By working with Strategy Anesthesia, practices can offer a broader range of procedures in-house, allowing them to provide more personalized care directly to their patients. Based in California, Strategy Anesthesia also has offices in Dallas, Texas; Cleveland, Ohio; and Montgomery Village, Maryland. To learn more, call (888) 398-6234.