Technavio Announces the Publication of its Research Report Global Respiratory Disposable Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global respiratory disposable devices market: Ambu, BD, Fisher & Paykel Healthcare, Smiths Medical, and Teleflex.
Other Prominent Vendors in the market are: Airways Corporation, Aerogen, Armstrong Medical, Allied Healthcare Products, Boscarol, Bio-Med Devices, BLS System, Bunnell, Cardinal Health, DeVilbiss Healthcare, Dräger Medical, Flexicare Medical, Ningbo Greetmed Medical Instruments, Hamilton Medical, Hangzhou Jinlin Medical Appliances, Hangzhou Tappa Medical Technology, Humi.AIDE, KindWell Medical, Intersurgical, Mercury Medical, Ningbo Boya Medical Equipment, O-Two Medical Technologies, Pneumo Care Health, SunMed, SUMI, VADI Medical Technology, VBM Medizintechnik, Vapotherm, Viomedex, Vygon, Westmed, and Weihai Strong Medical Sci-Tech.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is shift toward disposables devices in developed countries. Developed countries such as the US, the UK, France, and Germany have seen more customers opting for respiratory disposables over the last few years. The shift is observed as hospitals are concerned about cross-contamination that can occur if reusable products are used. Disposable masks eliminate the need for product sterilization and reduce the probability of cross-contamination in hospital settings. In most cases, disposables are more cost-efficient for use by patients when it comes to preventing cross contamination and reducing hospital stay of the patient.
According to the report, one of the major drivers for this market is rise in hospital admission for respiratory diseases. Emergency admission owing to chronic respiratory diseases is increasing. Though the mean length of hospital stay has reduced from six days to 3-4 days, the average length of inpatient stay is increasing.
Further, the report states that one of the major factors hindering the growth of this market is demand for minimally invasive procedures. The growing popularity of minimally invasive surgical procedures, which require regional and local anesthesia, is leading to a decline in the demand for general anesthesia in North American countries such as the US and Western European countries such as the UK, France, and Germany. The customer base in this market is opting for lower-cost products and surgical procedures, thereby phasing out the expensive surgical procedures where general anesthesia is required.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Respiratory Disposable Devices
Safe clinical practices during a patient’s hospital stay can reduce the risk of hospital-acquired infections (HAIs), which constitute a major threat to the patient’s safety. The governments in developed and developing countries are giving due importance to patient safety during invasive and non-invasive surgical treatments. Disposable respiratory and anesthesia devices such as face masks, laryngeal mask airways (LMAs), breathing circuits, ETTs, and resuscitators are used so that the patient’s breathing does not get disturbed and there is no cross-contamination. In developed countries, the adoption of respiratory disposable devices is growing rapidly.
Technavios analysts forecast the global respiratory disposable devices market to grow at a CAGR of 5.04% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global respiratory disposable devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of various respiratory disposable devices used during invasive and non-invasive surgical treatment and patient care.
The market is divided into the following segments based on geography:
Technavio’s report, Global Respiratory Disposable Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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