Breathing circuits are used to supply oxygen and anesthetic gases and remove carbon dioxide. Carbon dioxide can be eliminated by either washout with adequate fresh gas flow (FGF) or by soda lime absorption. Anesthetic gas exits the anesthesia machine (via the common gas outlet) and then enters a breathing circuit. The purpose of the circuit is to supply oxygen and anesthetic gases to patients and to eliminate carbon dioxide. Breathing circuit devices are equipped with unidirectional valves. Moreover, adoption of breathing circuits is expected to increase globally as they increase absorption of carbon dioxide.

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. According to the World Health Organization, 235 million people suffered from asthma and there were 383,000 deaths due to asthma in 2015. Asthma is the most common chronic disease among children. Increase in prevalence of respiratory diseases such as pulmonary embolism, sleep disorders, and chronic obstructive pulmonary disorders; rise in number of surgeries; and increase in geriatric population are also expected to drive the breathing circuit market in the near future. However, complicated operating of breathing devices and unidirectional valves can lead to resistance to breathing among patients. This is expected to hamper the market in the coming years.

The global breathing circuit market can be segmented based on product, application, end-user, and region. Based on product, the breathing circuit market can be classified into open breathing circuits, semi-open breathing circuits, and closed breathing circuits. The open breathing circuits segment is expected to account for a prominent market share due to increase in prevalence of asthma and other breathing problems. In terms of application, the breathing circuit market can be categorized 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. Based on end-user, the breathing circuit market can be divided into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is expected to constitute a key market share due to increasing patient preference for hospitals and availability of technologically advanced products.

In terms of region, the global breathing circuit market can be classified 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 this trend is expected to continue during the forecast period. The dominance of North America is attributable to technological advancements, new product launches, increasing prevalence of respiratory diseases, and increasing government initiatives. According to the Journal of the American Medical Association, between 1980 and 2014, the rate of death from chronic respiratory diseases, such as COPD, increased by nearly 30% overall in the U.S. In 2015, 6.7% of all deaths were due to chronic respiratory diseases, which were the fifth leading cause of death in the U.S. Europe was also a significant region of the breathing circuit market in 2017, due to the presence of a large number of people suffering from asthma and other diseases and increasing demand for advanced products. According to Asthma UK, 5.4 million people in the UK are currently receiving treatment for asthma: 1.1 million children (1 in 11) and 4.3 million adults (1 in 12). Increasing awareness about behavioral/mental health, aging population, and rise in health care expenditure are some of the factors projected to boost the breathing circuit market in Asia Pacific during the forecast period. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), 1 in 4 people in the Asia Pacific region will be 60 years old or older by 2050. The region is experiencing population ageing at an unprecedented pace, with the number of older persons expected to more than double from 535 million in 2015 to about 1.3 billion by 2050.

Prominent player operating in the global breathing circuit market 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Breathing Circuits Market

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