Ageing population drives APAC's breathing filters and bags market
China accounts for nearly two-thirds of the market.
The breathing filters and bags market in the Asia-Pacific (APAC) region is expected to reach $200m in 2030, underpinned by a growing elderly population and rise in medical procedures, according to GlobalData. This translates to a compound annual growth rate (CAGR) of 4% between 2020.
Of these, China will account for 39% of the region's breathing filters and bags market. This will be followed by Japan and India, which together will account for 50%.
“While increase in the elderly population and number of patients suffering from pulmonary diseases due to poor air quality will remain the main market drivers, increase in the number of surgical and non-surgical procedures will further drive the market,” GlobalData's medical devices analyst Manasa Dokka said.
Furthermore, a greater prioritization and awareness of airway management during the pandemic had driven demand in the market, especially during the latter half of the year due to a rapid rise in COVID-19 cases, and with some countries encountering the second wave of the pandemic.
“Due to the prevailing situation, there is a huge demand for single use breathing filters and bags when compared to reusable breathing filters and bags. This will create a repel effect leading to the phase out of the reusable breathing filters and bags in the future,” Dokka added.