VANCOUVER, BC, CANADA, November 22, 2023 /EINPresswire.com/ -- iData Research, a leading global market research firm specializing in medical devices, dental and pharmaceuticals, has just released its 2024 edition of the European Anesthesia, Respiratory, and Sleep Therapy Market Report. This 640 page, comprehensive report includes anesthesia delivery units, anesthesia monitors, anesthesia disposables, ventilators, nebulizers, respiratory disposable devices, oxygen therapy devices, therapeutic obstructive sleep apnea devices and sleep diagnostic devices. This report covers hundreds of market segments and analyzes the anesthesia, respiratory and sleep management device markets for Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

In the 2024 edition of the European Anesthesia, Respiratory, and Sleep Therapy Market Report, an extensive analysis was conducted which covers more than 90 anesthesia, respiratory, and sleep therapy companies across Europe. iData’s comprehensive methodology enabled a detailed examination of market sizes, unit sales, company market shares, and facilitated the creation of precise forecasts.

The expansion of the European anesthesia, respiratory, and sleep therapy market is largely driven by prevailing demographic trends. The European population is experiencing a notable increase, leading to a surge in age-related surgeries, respiratory issues, and a heightened prevalence of sleep apnea. Furthermore, there is a growing percentage of overweight individuals, estimated around 53% of the population, of whom 17% are classified as obese. Similar to age-related factors, increased body weight is closely associated with respiratory and sleep disorders, as well as surgeries related to weight management. Consequently, these demographic dynamics are fueling growth across all segments of the ARS market.

Key highlights from the iData report include:

Robust Market Expansion: The European anesthesia, respiratory, and sleep therapy device market was valued at €2 billion in 2023. This is expected to increase by over €400 million in the next few years.

Overstocking from COVID-19: ​​Increased demand during the 2020 COVID-19 surge left the ventilator and respiratory disposables markets oversupplied. This oversaturation caused a decline in unit sales in 2021 and 2022. However, the issue of overstocking in these markets is gradually fading, with diminishing impacts on unit sales each year.

Competitive Landscape: iData's report provides an in-depth analysis of the competitive landscape, profiling key players and their strategic initiatives. Currently, ResMed, Philips, and Teleflex lead the European anesthesia, respiratory, and sleep therapy market.

For more information on the European Anesthesia, Respiratory, and Sleep Therapy Market, and to access the complete iData Research report, please visit:

https://idataresearch.com/product/european-anesthesia-respiratory-and-sleep-therapy-market-report/

About iData

iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today's dynamic market landscape.

Why Should You Choose iData?

Extensive Industry Coverage: iData Research boasts an impressive range of industry coverage, spanning healthcare, medical devices, dental, pharmaceuticals, biotechnology, and more. This breadth of coverage ensures that clients from various sectors can access accurate, up-to-date information relevant to their business goals.

High-Quality Data: The cornerstone of iData Research's success is its commitment to providing high-quality data. Their team of expert analysts employs rigorous methodologies to collect and analyze data from reliable sources. This ensures that clients receive accurate, insightful, and actionable information to guide their strategic decisions.

In-Depth Analysis: iData Research goes beyond mere data presentation by offering in-depth analysis that goes right to the heart of industry trends, market dynamics, and competitive landscapes. Their reports provide a holistic understanding of market forces, helping clients identify opportunities and challenges.

Customized Solutions: Recognizing that every business is unique, iData Research offers customizable solutions that cater to specific client needs. Whether it's a small startup or a multinational corporation, their tailored offerings provide the right insights to drive growth and success.

Timely Updates: Staying ahead in today's fast-paced business environment requires access to real-time information. iData Research ensures that its clients are equipped with the latest data and insights, enabling them to make agile decisions and adapt to market changes swiftly.

Global Perspective: In an increasingly interconnected world, having a global perspective is essential. iData Research's reports provide insights into various geographic markets, enabling clients to make informed decisions regardless of their business's location.

Trusted by Industry Leaders: The fact that iData Research is trusted by industry leaders and renowned companies speaks volumes about the quality of their services. Their client list includes major players who rely on their insights for strategic planning.

Emma Matrick
iData Research
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