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By GlobalData Healthcare 01 May 2021 (Last Updated April 30th, 2021 15:47)
The market for anaesthesia and respiratory devices saw abnormal growth last year due to the demand for ventilators driven by the Covid-19 pandemic. But the expectation is that the market value will decrease once the pandemic is under control, due to the expected decline of new sales.
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The market for anaesthesia and respiratory devices saw abnormal growth last year due to the demand for ventilators driven by the Covid-19 pandemic. But the expectation is that the market value will decrease once the pandemic is under control, due to the expected decline of new sales. Despite this, the market is still on track for steady growth due to the recent rise in US Food and Drug Administration (FDA) 510(k) clearances for various devices in this sector.