Corrugated Breathing Circuits Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Corrugated Breathing Circuits Market is segmented By Type (Silica Gel, Rubber, PVC, Other), By End User (Hospital, Clinic, Nursing Home, Others), By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Corrugated Breathing Circuits Market Overview

The Global Corrugated Breathing Circuits Market size is expected to growing at a high CAGR during the forecast period (2024-2031). 

The breathing circuit is used to deliver oxygen and anesthetic gases and eliminate carbon dioxide. Either washout may eliminate carbon dioxide with adequate fresh gas flow (FGF) or soda lime absorption.

Corrugated Breathing Circuits Market Scope

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Corrugated Breathing Circuits Market Dynamics

Rising hospitalization for respiratory diseases is expected to drive the growth of the market.

In recent years, the overall trends in hospital admission and mortality of interstitial lung disease (ILD) are unknown. Moreover, there was some evidence that the interstitial lung disease death rate highest in the winter. From 2006 to 2016, the all-cause hospital admission rate of patients with interstitial lung disease (ILD) and IPF-only subgroup declined. Still, their overall mortality remained unchanged (except the IPF subgroup and acute respiratory failure subgroup). Acute respiratory failure-related admission account for 23% of all causes and pneumonia 17.6%.

Mortality of ILD in general and the subgroup of ILD with ARF was highest in winter, up to 8.13% ± 0.60 and 26.3% ± 10.2%, respectively. The seasonal variations of hospital admission and mortality of ILD, in general, were not changed when infectious pneumonia cases are ruled out. All-cause admission rates were highest in months from January to April. Subgroup analysis also showed seasonal variations with the highest hospitalization rates for all subgroups (IPF, ARF, pneumonia) from December to April (winter to early Spring). Thus, from the above statements, the rising hospitalization for respiratory diseases is expected to drive the market's growth.

Disadvantages associated with corrugated breathing circuits are expected to hamper the growth of the market.

According to an article published in 2020, in the anesthesia circle system, there is an increased resistance to breathing (because of unidirectional valves and the CO2 absorbent), bulkiness, and complexity/potential has led to failure. Moreover, rebreathing of exhaled gases can slow the uptake of gases during induction, as fresh gas flow is diluted by exhaled gas. Thus, from the above statements, the disadvantages associated with corrugated breathing circuits are expected to hamper the market's growth.

COVID-19 Impact On Corrugated Breathing Circuits Market

The COVID-19 pandemic is expected to positively impact the corrugated breathing circuits market, projected to experience significant growth in the forecast period. The availability of medical resources is limited because of the number of patients and their severity. Among the most important resources are corrugated breathing circuits, and of course, qualified professionals to operate these devices. Moreover, according to the American Association for Respiratory Care (AARC), patients' physiology with COVID‐19‐onset acute respiratory distress syndrome (ARDS) is complex.

Even in ideal circumstances, ventilating a single patient with ARDS and nonhomogenous lung disease is difficult. It is associated with a 40%‐60% mortality rate, and therefore it has increased the demand for breathing circuits. The pandemic is interrupting the medical supply chain, and many companies will vary to other geographic regions in the future to ensure that products remain available and protect their supply chain. Thus, the market will undergo impetus during the forecast period.

Corrugated Breathing Circuits Market Segmentation Analysis

Hospital segment is expected to hold the largest market share in this market segment.

The hospital segment dominated the market and held the largest revenue share in 2020. The growth is attributed to the increasing hospitalization of respiratory diseases patients; an increase in manufacturing of corrugated breathing circuits is expected to boost the market in the forecast period, for instance, according to the article(Hindawi), published on 08 Feb 2018.

Chronic obstructive pulmonary disease (COPD), pneumonia, asthma, and lung cancer are four common respiratory diseases that inflict a substantial economic burden on both patients and the government in China. The study is to analyze the temporal trends of several clinical tracking metrics for hospitalization regarding these diseases. Hospital discharge data of 54 hospitals for 2005–2015 were derived from the Health and Family Planning Commission in Northeast China.

The age-adjusted rate of discharge for the four respiratory diseases increased significantly (COPD, pneumonia, asthma:  trend < .001; lung cancer:  trend = .046). The mean LOS for the four diseases all showed a significant decline ( trend < .001), whereas the mean charge per stay and aggregate charge, followed an upward trend over time ( trend < .001). There was a clear upward trend for the readmission rate for asthma patients ( trend = .001), while the trend for COPD patients was unclear ( trend = .224). Age-adjusted discharge rates, LOS, and charges for hospitalization regarding several common respiratory diseases in China showed different patterns of change over the past decade.

Corrugated Breathing Circuits Market Geographical Share

North America region holds the largest market share in the global corrugated breathing circuits market

North America is expected to dominate the overall corrugated breathing circuits market throughout the forecast period. The growth is attributed to the increasing infectious diseases, increasing respiratory disorders and growing demand for breathing circuits, increasing hospitalization admissions, and advancements in the equipment are expected to boost the market in the forecast period. For instance, according to the article, in 2020.

Respiratory symptoms are common symptoms for lung or heart conditions, emotions, or injury. The respiratory symptoms include difficulty breathing, rapid breathing, shallow breathing, hyperpnea, deep breathing, and apnea (absence of breathing). Breathing difficulties may occur in conditions affecting the lungs alone or may be seen in correlation with more generalized conditions, such as infections.

According to the World Health Organisation (WHO), Chronic Obstructive Pulmonary Disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Moreover, 80% of these deaths occurred in low- and middle-income countries (LMIC), and COPD causes persistent and progressive respiratory symptoms, including difficulty in breathing, cough and phlegm production. COPD is affected due to long-term exposure to harmful gases and environmental exposure to tobacco smoke. Indoor air pollution and chemicals are important risk factors.

Corrugated Breathing Circuits Companies and Competitive Landscape

The corrugated breathing circuits market is competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include 3 M, Ambu, Cardinal Health, Fisher & Paykel Healthcare, Hamilton Medical, Vyaire Medical, ASCO Medical, Hangzhou Trifanz, Guangdong Haiou Medical Apparatus Co., Ltd. and Ningbo Luke Medical Devices Co., Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the corrugated breathing circuits market globally.

Key Companies to Watch

Vyaire Medical Inc.:

Overview:

Vyaire Medical Inc. is a global company headquartered in suburban Chicago, which is focused on supporting breathing through every stage of life. The company’s portfolio of integrated solutions is intended to enable, enhance, and extend lives. Moreover, the company comprises 4,000 employees who pledge to advance innovation. Its products are available in more than 100 countries and are recognized, trusted, and preferred by specialists throughout the respiratory community worldwide.

­Product Portfolio:

The company offers products for anesthesiology, cardiology, critical care, emergency medicine, infection control & prevention, neonatology, operative care, pulmonology, respiratory therapy and sports medicine. For instance, Corrugated Adult Breathing Circuits.

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• Visualize the composition of the corrugated breathing circuits market segmentation by type, End User and region highlighting the key commercial assets and players.
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