PRESS RELEASE
Published August 4, 2023
Report Ocean has recently added a comprehensive market research report that provides an in-depth analysis of the Anesthesia Breathing Bag industry. This report offers valuable insights into current and future industry trends, empowering readers to identify revenue growth and profitability drivers. It conducts a detailed analysis of key factors influencing the global and regional market, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends. The report also highlights global certainties, downstream and upstream analysis of key players, and provides forecast market information, SWOT & PESTEL analysis, market scenarios, and possibility studies.
Global Anesthesia Breathing Bag Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. The anaesthesia breathing bag is a hand-held medical equipment that offers mechanical ventilation for patients with breathing issues. For ease of breathing, anaesthesia breathing bags are normally linked to the oxygen source. Also, they are used to control breathing, maintain constant positive airway pressures, monitor tidal volume, and sense compliance during ventilation.
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The key factor driving the market growth is increased incidences of respiratory disease like asthma have grown significantly due changes to a modern and urban lifestyle. WHO reports that 300 million people worldwide, of all ages, suffer with the breathing disease asthma. A hand-held medical device known as an anaesthesia breathing bag is used to provide medical ventilation to patients who have breathing problems. Also, the growing investments in healthcare sector by governments and private organizations are predicted to boost the market growth during forecast period.
For instance, in 2021, the Indian union government invested USD 40.56 million (Rs324 crore), to establish more than 42 diagnostic laboratories and virology research, as a part of a central scheme from 2021-22 to 2025-26.
As a result, rising government investment in healthcare sector will create lucrative demand for the market during forecast period. Also, rising geriatric population who is susceptible to respiratory disorders & surgeries would create lucrative opportunities for the market during forecast period. However, the lack of skilled personnel, and risks of cross-contamination stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Anesthesia Breathing Bag Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the high percentage of healthcare expenditure and presence of key market players in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising geriatric and target populations and increasing technological innovations among healthcare organizations.
Major market players included in this report are:
3M Healthcare
Ambu A/S
BOMImed Inc.
Drgerwerk AG
Flexicare Medical Limited
Medline Industries, Inc.
MJ Patterson (Scientific) Ltd.
Nolato AB
Smiths Group plc
Teleflex Medical Inc.
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Recent Developments in the Market:
In 2022, A leading producer and distributor of medical supplies in Europe, Medline International B.V., and a major provider of medical equipment in Germany, Medi-Globe Group, announced that they have signed agreement for Medline to buy 100% of Asid Bonz’s shares. Through this acquisition, company expanded its market and product portfolio.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Capacity:
0.5-1 liters
1-2 liters
2-3 liters
Above 3 liters
By Material Type:
Latex
Non-Latex
By End-Use:
Hospitals
Ambulances
Others
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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