North America to Dominate Patient Circuit Market until 2025
Increasing prevalence of respiratory
disorders to drive global patient circuit market
According
to TechSci Research report, “Global
Patient
Circuit Market By Type, By Use, By Application, By End User, By Region,
Competition, Forecast & Opportunities, 2025”, the global patient circuit market is projected to grow and
surpass $ 2.5 billion by 2025 on account of growing prevalence of diseases such
as sleep apnea, asthma, bronchiectasis, bronchial cancer, COVID-19, among
others. Additionally, growing prevalence of chronic inflammation, especially in
the young generation caused due to smoking, is further expected to propel the
market in the coming years. Furthermore, advantages such as reliability,
convenience, ease of use, affordable cost, enhanced patient safety, among
others associated with patient circuits are positively impacting the market. Traditionally,
patient circuits were designed and used in operating rooms only but with increasing
technological advancements and awareness, they have found a place in
post-operative care units, cardiac care units, etc. Besides, the use of patient
circuit reduces the risks of contamination, and hence, are being increasing used
for delivering medicines to the patients, globally. However, unidirectional
valves of these circuits and increasing carbon dioxide absorption can sometimes
cause breathing problems thereby hindering the growth of market during forecast
period.
Browse 180 market data Figures spread through 130 Pages and an in-depth TOC on"Global
Patient Circuit Market"
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The global patient circuit market is segmented based on type, use,
application, end user, and region. Based on type, the market can be categorized
into open, closed and semi-closed. The closed type patient circuit segment is
expected to dominate the market during forecast period. This can be attributed
to the fact that within a closed type patient circuit, the carbon dioxide is
managed locally and since this system has a reservoir, complete rebreathing is
possible. Based on use, the market can be bifurcated into single use and
reusable. The single use segment dominates the market since these patient
circuits are user friendly and have components such as flow sensors, tube,
connector, among others preassembled in them. Additionally, they reduce the
risk of ventilator associated pneumonia and cross infections. Also, they are
easily available and affordable. Based on application, the market can be
grouped into anesthesia, respiratory dysfunction, and others. The anesthesia segment
is expected to register the highest growth due to its high use in ICUs and with
the prevalence of diseases such as COVID-19, chronic obstructive pulmonary
disorder, among others. Based on end user, the market can be fragmented into hospitals,
ambulatory centers, and others. The hospitals segment is expected to dominate
the market on account of the growing infections and other respiratory diseases
around the globe.
Dragerwerk AG, Becton, Dickinson
and Company, Braun & Company Ltd, Bio-Med Devices, Inc., Smith’s Group plc,
Fisher & Paykel Healthcare Limited, Ambu, A/S, Teleflex Inc, Inspire
Medical Systems, Inc., General Electric Company, Flexicare Medical Ltd., Beijing
Aeonmed Co., Ltd, Armstrong Medical Industries, Inc., WilMarc, LLC, Hamilton
Medical AG, Penlon Limited, Ace Medical Corporation, Fritz Stephan GmbH, Medec
International BV, Triton Electronic Systems Ltd. and others are some of the
leading players operating in global patient circuit market.
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“North America is
expected to continue its dominance in the global patient circuit market and the
region is expected to grow at a formidable rate during the forecast period,
owing to the growing number of patients with respiratory and sleep disorders. Additionally,
the presence of major players in the region is expected to create lucrative
growth opportunities in the market over the next few years. Furthermore,
technological advancements and quick adoption in the healthcare industry are further
expected to positively impact the market in the coming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Patient Circuit Market By Type, By Use, By
Application, By End User, By Region, Competition, Forecast & Opportunities,
2025” has
evaluated the future growth potential of global patient circuit market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global patient circuit market.
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