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The Future of Anesthesia and Respiratory Devices, Competitive Landscape and Forecasts to 2016
by GBI Research on May 11, 2010
The global anesthesia and respiratory devices market is forecast to exceed $13 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 9% from 2009-2016. The market is expected to be primarily driven by the huge patient population suffering from obstructive Sleep Apnea (OSA) and Chronic Obstructive Pulmonary Disease (COPD) and the availability of medical devices to treat OSA and COPD. Globally about 300 million people are suffering from OSA, the prevalence of which increases with age, reaching 30% to 80% in the elderly population. Currently, about 400 to 600 million people are suffering from COPD on a global basis with about 12 million patients in the US.
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