Breathing Circuits Market

Global Breathing Circuits Market Size (2024 to 2029)

The size of the global breathing circuits market is expected to be worth USD 3.8 billion by 2029 and USD 3.1 billion in 2024, growing at a CAGR of 4.12% from 2024 to 2029.

Current Scenario of the Global Breathing Circuits Market

The global breathing circuits market has had prominent growth in recent years and is anticipated to register a healthy CAGR during the forecast period. The breathing circuits are medical devices that are used to connect the patient's airway to fresh gas flow to deliver oxygen and other gases to the patient. The breathing circuits help in removing the carbon dioxide from the patients. The breathing circuits have broad applications in anesthesia as they deliver the anesthetic agents through inhalation. These circuits are increasingly used in surgical procedures and intensive care units to facilitate the exchange of oxygen and carbon dioxide between patients and breathing machines. The global breathing circuits market has accounted for notable growth in the past years and is anticipated to reach significant growth during the forecast period. The breathing circuits play a crucial role in providing patient safety and comfort owing to their precise design and effective performance. 

MARKET DRIVERS

The rising prevalence of chronic respiratory diseases propels the growth of the global breathing circuits market.

The number of people suffering from chronic respiratory diseases such as asthma, COPD and others is growing rapidly worldwide. According to data provided by the Global Initiative for Chronic Obstructive Lung Disease, the prevalence of COPD globally is expected to be around 12% across the world population. The estimates are expected to increase in the coming years. The growing cases are enhancing the demand for respiratory care products and boosting the market revenue growth. The increasing number of surgical procedures worldwide due to rising trauma cases, chronic diseases, autoimmune disorders, and various factors enhancing the surgery count is escalating the demand for breathing circuits, leading to market expansion. According to data provided by Global Surgery, the estimated count of surgical procedures performed in a year will increase to 313 million by 2030. The growing demand for advanced medical devices in surgical procedures positively influences market growth.

The rapid adoption of telemedicine and remote monitoring industries further aids the global market growth.

The rising home healthcare adoption rate worldwide, especially for seniors, is enhancing the demand for respiratory care equipment, increasing market revenue growth. The growing technological advancements in the healthcare industry are escalating the market players to invest in R&D activities to enhance the efficiency of devices with high safety, providing growth opportunities to the market. 

MARKET RESTRAINTS

High costs associated with breathing circuits are a significant restraint to the global market growth.

The high costs associated with the advanced breathing circuits due to advanced features such as built-in heat and moisture exchangers and bacterial infiltration are raising manufacturing costs, leading to an overall price increase of the product, which hampers market growth. Various healthcare organizations with restricted budgets will face challenges regarding the high costs, especially in the low and middle-income regions, which limit the market expansion. The stringent regulations regarding the approval of medical devices act as challenges for market expansion due to complexity and time-consuming procedures. Cost-effective alternative ventilation techniques such as non-invasive positive pressure ventilation and high-flow nasal cannula are expected to hinder growth opportunities.

REPORT COVERAGE

SEGMENTAL INSIGHTS

By Type Analysis

The closed breathing circuits segment dominated the global breathing circuits market revenue with a significant share owing to its various advantages associated with reducing contamination risk. Closed breathing circuits are gaining wide traction due to the controlled environment for the delivery of patient gases. The closed circuits are advantageous in consuming the anesthetic gases, propelling, and the segment growth rate. Closed breathing circuits are widely useful in surgical operations as they require the maintenance of a sterile field and controlled release of anesthetic gases, which augments the segment expansion. Closed breathing circuits are expected to have a longer shelf life and more effective cost than open circuits, enhancing healthcare organizations' adoption and leading to segment revenue growth.

By Application Analysis

The respiratory dysfunction segment held the most significant share in the global market due to the rising prevalence of respiratory disease across the world. Respiratory dysfunction is a combination of various conditions like Chronic Obstructive Pulmonary Disease (COPD), Asthma, Acute Respiratory Distress Syndrome (ARDS), respiratory failure, and others. The disease conditions demand for respiratory gases and ventilation for delivering oxygen, especially for people in ICUs for long-term therapies, is escalating the market growth. The increasing burden of respiratory diseases is enhancing the application of breathing circuits in the healthcare industry, driving the segmental expansion.

The Anaesthesia segment is expected to grow considerably during the forecast period. The increased utilization of breathing circuits during surgical operations is escalating the growth opportunities for the segment.  

By End-User Analysis

The hospital segment dominated with a notable share in the breathing circuits market due to increased demand for breathing circuits in hospitals. The growing number of hospitals worldwide and the increasing prevalence of respiratory diseases fuel the segment growth rate. Hospitals are considered the primary source of healthcare for various medical conditions, which demand anesthesia and critical care for patients and are accelerating the segment growth opportunities. Most hospitals collaborate with the various medical device industries, which will positively influence them in the coming years. The hospitals mainly depend on advanced medical devices to support respiratory functions and boost segment growth.

The clinic's segment is estimated to grow considerably in the coming years, owing to the rising number of specialty clinics worldwide. The growing specialty respiratory care clinics are enhancing the demand for advanced breathing circuits, prompting market growth opportunities.  

REGIONAL ANALYSIS

North America dominated the breathing circuits market in 2023.

The North American region dominated the breathing circuits market with a significant market share and is expected to witness huge growth during the forecast period. The well-established healthcare infrastructure, increased healthcare expenditure across the region, and the rising prevalence of respiratory dysfunction are significant factors driving the market growth. The growing investments in R&D activities to enhance medical technologies are the primary factors fueling the growth opportunities. The presence of significant market players in the region, growing government support initiatives, and increasing surgical procedures are creating market growth opportunities in the United States and augmenting the regional market growth. According to the data provided by the American Lung Association, more than 34 million people in the United States are living with chronic lung diseases like Asthma and COPD.

Asia-Pacific is currently the most lucrative region in the global market.

The Asia Pacific region is expected to grow fastest during the forecast period owing to rapid urbanization, increasing healthcare expenditure, and expanding the healthcare industry across the region. The rising incidence of chronic respiratory diseases due to the increasing geriatric population, who are highly prone to chronic diseases, is enhancing the demand for respiratory care devices, leading to regional market growth. The changing healthcare infrastructure, rising awareness among healthcare providers, and the growing requirement for breathing circuits are creating growth opportunities for the Asia Pacific market.

Europe is likely to play an integral role in the global breathing circuits market during the forecast period.

The European breathing circuits market is expected to have stable growth with a prominent CAGR during the forecast period. The presence of well-established healthcare infrastructure, increased R&D activities, and significant market player investments are propelling the market growth in the region.

KEY PLAYERS IN THE GLOBAL MARKET

Amby A/S, Armstrong Medical Industries Inc., Bio-Med Devices, Smiths Group plc, Teleflex Incorporated, Flexicare Medical Ltd, Beijing Aeonmed, Becton, Dickinson and Company, Altera Corporation and Dragerwerk AG & Co. KGaA are a few of the key players in the global breathing circuits market.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• In January 2023, Armstrong Medical Industries Inc. announced the launch of “AquaVENT VT,” advanced heated breathing technology in the Middle East market. The primary aim of the AquaVENT VT is to provide patients with a more pleasant and humid breathing environment, which is expected to be widely useful in lowering the risk of pneumonia regarding ventilator use.
• In July 2023, Medtronic plc announced the launch of a new minimally invasive breathing circuit known as Flexiseal Circuit. The breathing circuit reduces ventilator-associated pneumonia risk by providing a more secure seal across the patient's airway.
• In June 2023, Teleflex Incorporated announced the acquisition of Flexicare Medical Ltd, a manufacturer of breathing circuits along with other respiratory care products. The major aim of the acquisition is to strengthen the Teleflex’s market position.
• In May 2023, Fisher and Paykel Healthcare Ltd launched the single-use breathing circuit, OptLite Circuit, designed to provide patients more comfort by reducing the risk of cross-contamination.

DETAILED SEGMENTATION OF THE GLOBAL BREATHING CIRCUITS MARKET INCLUDED IN THIS REPORT

This research report on the global breathing circuits market has been segmented and sub-segmented based on type, application, end-user, and region.

By Type

• Open Breathing Circuits
• Closed Breathing Circuits
• Semi-Open Breathing Circuits

By Application

• Anesthesia
• Respiratory Dysfunction
• Others

By End-User

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

By Region

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