The global breathing circuits market is expected to be worth US$ 1,163.32 million by the end of 2022 and to grow at a 4.2% CAGR from 2022 to 2032. By the end of 2032, the market is expected to be worth US$ 1,758.18 million. Open breathing circuits led the market in 2021, accounting for approximately 43.6% of the total.
The increased chronic inflammation caused by smoking is driving up global demand for breathing circuits. The rising prevalence of chronic coughing, bronchial cancer, and asthma will also drive the demand for advanced breathing circuits.
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Crucial information and forecast statistics covered in the Breathing Circuits market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Breathing Circuits Market
The recent COVID-19 outbreak has focused attention on the healthcare industry, affecting the Breathing Circuits market. Severe shortages of critical medical supplies, combined with an increase in the number of COVID-19 cases, have resulted in a revolution rather than an evolution in healthcare ecosystems. As a result, the impact can be seen in the Breathing Circuits market.
Doctors are delaying or postponing elective surgeries unless absolutely necessary to prevent the spread of the virus to individuals with comorbidities or chronic conditions, in accordance with government measures, particularly social distancing norms and stay-at-home orders. Furthermore, movement restrictions and disruptions in supply chains have created a logistical nightmare for market participants, resulting in severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Breathing Circuits market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Breathing Circuits Market: Segmentation
Valuable information covered in the FMI’s Breathing Circuits market report has been segregated into key segments and sub-segments.
By Product:
- Open Breathing Circuits
- Semi Open Breathing Circuits
- Closed Breathing Circuits
By Application:
- Anesthesia
- Respiratory Dysfunction
- Other Applications
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Home Care Settings
Breathing Circuits Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Breathing Circuits market. Competitive information detailed in the Breathing Circuits market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Breathing Circuits market report.
Key players covered in the report include:
- Ambu A/S
- CR Bard Inc
- Altera Corp.
- Armstrong Medical Industries, Inc.
- Becton, Dickinson and Company
- Beijing Aeonmed
- Others
Important Questions Answered in the Breathing Circuits Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Breathing Circuits market been expanding during the forecast period?
- How will the global Breathing Circuits market look like by the end of the forecast period?
- What innovative strategies are adopted by Breathing Circuits market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Breathing Circuits market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Breathing Circuits market
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