Increase in prevalence of diseases such as asthma, bronchial cancer, and chronic coughing are some of the factors likely to drive the breathing circuits market during the forecast period i.e, 2018-2026, says a new report published by Transparency Market Research. The TMR report titled, “Breathing Circuits Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the breathing circuits market.
The TMR report has split the global breathing circuit market in terms of product, application, end-user, and region. In terms of product, the breathing circuit market is segmented into open breathing circuits, semi-open breathing circuits, and closed breathing circuits.
The report expects the open breathing circuits segment to account for a prominent market share owing to the increase in prevalence of asthma and other breathing problems. Based on application, the breathing circuit market is bifurcated into anesthesia, respiratory dysfunction, and others. The anesthesia segment is expected to account for a significant market share due to increase in prevalence of chronic obstructive pulmonary disorders and pulmonary embolism, as per the report.
The breathing circuit market, in terms of end-user, is divided into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is anticipated to constitute a significant market share owing to increasing patient preference for hospitals and the availability of technologically advanced products.
In terms of region, the TMR report has categorized the global breathing circuit market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was a significant region of the global breathing circuit market in 2017, and TMR expects this trend to continue during the forecast period.
The dominance of North America is ascribed to technological advancements, new product launches, increasing prevalence of respiratory diseases, and increasing government initiatives. The report further states that Europe was also a significant region of the breathing circuit market in 2017, owing to the presence of a large number of people suffering from asthma and other diseases and increasing demand for advanced products. Increasing awareness about behavioral/mental health, aging population, and rise in health care expenditure are some of the factors anticipated to drive the growth of breathing circuit market in Asia Pacific during the forecast period.
Major players operating in the global breathing circuit market are included in this report and these are C. R. Bard, Inc., Armstrong Medical Industries, Inc., Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Dragerwerk AG & Co. KGaA, Flexicare Medical Ltd., Smiths Group plc, General Electric Company, and Teleflex Incorporated.
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