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.
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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.