USD 439.4 million
Report ID: SQMIG35A2449 | Region: Global | Published Date: August, 2023 | Pages: 157 | Tables: 64 | Figures: 71
Breathing Circuits Market size was valued at USD 439.4 million in 2021 and is poised to grow from USD 456.10 million in 2022 to USD 614.66 million by 2030, growing at a CAGR of 25.2% in the forecast period (2023-2030).
The Global Breathing Circuits Market analysis plays a pivotal role in modern healthcare, encompassing a range of essential equipment used during anesthesia administration and mechanical ventilation. These circuits facilitate the exchange of oxygen and carbon dioxide between patients and breathing machines, ensuring proper respiratory support during surgeries, critical care, and other medical interventions.
Advancements in medical technology, increasing surgical procedures, and the rising prevalence of respiratory diseases are driving the growth of this market. Hospitals, ambulatory surgical centers, and intensive care units rely on these circuits to maintain patients' airway, deliver anesthetic agents, and enable precise control of respiratory parameters.
The market is characterized by a diverse range of products, including traditional non-rebreathing circuits, heated-wire circuits, and specialized pediatric circuits. Safety features, such as viral filters to prevent cross-contamination, are becoming increasingly important in the wake of infectious disease concerns.
Key players in the breathing circuits market continually innovate to enhance patient safety, comfort, and operational efficiency. With the ongoing global emphasis on healthcare infrastructure and quality, the demand for reliable and advanced breathing circuits is expected to grow, making this market a vital component of modern medical care.
US Breathing Circuits Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 439.4 million
Open breathing circuits
Open breathing circuits
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The breathing circuits market is segmented on the basis of Product Type, Application, End-use, and Region. Based on Product Type the market is segmented as, Closed breathing circuits, Open breathing circuits, Semi-open breathing circuits, Semi-closed breathing circuits. Based on Application the market is segmented as, Anesthesia, Respiratory Dysfunction, Others. Based on End-use the market is segmented as, Ambulatory surgical centers, Clinics, Hospitals, Others. Based on Region the market is segmented as, North America, Europe, Asia Pacific, and Latin America.
Breathing Circuits Market Analysis By Product Type
In 2022, the open breathing circuits segment dominated the breathing circuits market, commanding a substantial market share of approximately 43.6%. According to projections from Future Market Insights (FMI), this segment is poised for further expansion with a projected Compound Annual Growth Rate (CAGR) of about 4.1% over the forecast period. Open breathing circuits play a pivotal role in patient care by facilitating the elimination of carbon dioxide, delivering essential oxygen, and enabling the administration of anesthetic agents through inhalation. Due to these critical functions, the segment is anticipated to remain a significant contributor, generating a substantial proportion of the total revenue within the product category. This growth underscores the continued demand for open breathing circuits, emphasizing their essential role in ensuring effective respiratory support and maintaining patient well-being across various medical settings.
Breathing Circuits Market Analysis By Application
In 2022, the anesthesia segment commanded a substantial revenue share of 53.1% within the breathing circuits market. Future projections, based on a forecast period leading up to 2032, indicate a steady growth trajectory for this segment with an anticipated Compound Annual Growth Rate (CAGR) of 4.3%. Anesthesia breathing systems play a pivotal role as conduits for delivering anesthetic agents and fresh gasses to patients. The rising global trend of surgical procedures is expected to be a significant driver propelling the growth of this segment over the next decade. The ever-increasing number of surgical interventions worldwide highlights the essential nature of these systems, underlining their crucial contribution to ensuring effective and safe anesthesia administration. This, in turn, underscores the importance of the anesthesia segment as a significant revenue generator in the breathing circuits market.
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As indicated by the Global Breathing Circuits Market forecast, North America emerged as the dominant contributor to the market in 2021, holding a significant share. This region is expected to witness rapid expansion from 2023 to 2030. Notably, data from the American Lung Association revealed that 11 million individuals in the U.S. were diagnosed with COPD in 2015, with COPD being a leading cause of mortality in the country. This prevalence is anticipated to drive market demand in North America during the forecast period.
Asia Pacific secured the second-largest market share in 2021 and is poised for accelerated growth from 2023 to 2030. The upswing can be attributed to enhanced healthcare infrastructure in emerging economies such as China and India. Additionally, the increased incidence of respiratory diseases is anticipated to propel the development of the breathing circuits market in the Asia Pacific region in the near future.
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Breathing Circuits Market Drivers
Rising Surgical Procedures:
Prevalence of Respiratory Diseases:
Breathing Circuits Market Restraints
Stringent Regulatory Compliance:
Alternative Ventilation Techniques:
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The competitive landscape of the breathing circuits market is characterized by the presence of several established players and a dynamic environment driven by innovation and a focus on meeting evolving healthcare needs. Key industry participants, including global medical device manufacturers and specialized respiratory care companies, vie for market share through product differentiation, strategic collaborations, and geographic expansion. Companies such as Medtronic, Draegerwerk AG & Co. KGaA, Teleflex Incorporated, Smiths Group plc, and Fisher & Paykel Healthcare Limited are at the forefront of the market, offering a comprehensive range of breathing circuits catering to various clinical requirements. These industry leaders often leverage their extensive distribution networks, research and development capabilities, and regulatory expertise to maintain a competitive edge. Additionally, emerging players and startups are entering the market with innovative solutions, fostering healthy competition and driving technological advancements. The competitive landscape is further influenced by factors such as regulatory compliance, quality assurance, pricing strategies, and a strong focus on customer satisfaction, ultimately shaping the direction and growth of the breathing circuits market.
Breathing Circuits Market Top Player’s Company Profile
Breathing Circuits Market Recent Developments
In July 2023, Medtronic plc launched its new minimally invasive breathing circuit, the Flexiseal Circuit. The circuit is designed to reduce the risk of ventilator-associated pneumonia (VAP) by minimizing the dead space and providing a more secure seal around the patient's airway.
In June 2023, Teleflex Incorporated acquired Flexicare Medical Ltd., a manufacturer of breathing circuits and other respiratory care products. The acquisition is expected to strengthen Teleflex's position in the breathing circuits market.
In May 2023, Fisher & Paykel Healthcare Ltd. launched its new single-use breathing circuit, the OptLite Circuit. The circuit is designed to be more comfortable for patients and to reduce the risk of cross-contamination.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Breathing Circuits Market analysis; the breathing circuits market, a crucial component of respiratory care, is experiencing robust growth worldwide. North America, with its advanced healthcare infrastructure and high prevalence of respiratory diseases, holds a significant share, while the Asia Pacific region is witnessing rapid expansion due to improving healthcare facilities and rising respiratory ailments. Key segments include anesthesia circuits, essential for surgical procedures, and the adoption of disposable circuits due to infection prevention concerns. The market is driven by factors such as increasing surgical interventions, the growing burden of respiratory diseases, and technological advancements, including features like heated-wire circuits and integrated safety measures. The demand for pediatric circuits, customization, and a shift toward home-based care further fuel market growth, fostering a dynamic and competitive landscape.
|Market size value in 2021
|USD 439.4 million
|Market size value in 2030
|USD 614.66 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Breathing Circuits Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Breathing Circuits Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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