The finding is part of iData’s U.S. Market for Anesthesia, Respiratory and Sleep Management Devices report, which provides a comprehensive analysis of anesthesia delivery units and monitors, level of consciousness monitors, anesthesia information management systems, anesthesia disposables, ventilators, nebulizers, laryngoscopes, respiratory disposables, oxygen therapy, sleep therapy and diagnostic devices.
According to the report, the market for sleep apnea devices, a large rapidly growing market, will represent nearly 50 present of the projected $4.1 billion, whereas anesthesia management systems are estimated to be the fastest growing.
According to the release, adding to the growth of this market is increased awareness and improved reimbursement for sleep apnea, which currently goes underdiagnosed in 85 percent of adults with the condition.
“The markets for anesthesia and respiratory capital equipment declined significantly in 2008 and 2009, due to hospital and surgery center budget constraints resulting from the economic recession,” Kamran Zamanian, MD, CEO of iData, said in the release. “Other markets such as sleep management devices have also been hit hard; however, these markets are estimated to recover over the forecast period.”
The report states that anesthesia delivery unit growth will be driven by usage in hospital suites outside of the OR, including obstetrics and MRI.
Read the release about the growing sleep apnea and anesthesia markets.
To receive the orthopedic and spine news and feature stories from Becker’s Orthopedic & Spine Review, sign-up for the free Becker’s Orthopedic & Spine Review E-weekly by clicking here.
