Zion Market Research, the market research group announced the analysis report titled “Respiratory Care Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Respiratory Care Devices Market: Overview
Respiratory care devices fall under the category of medical devices that are used for treatment, control, evaluation, management, diagnostic and care of patients with abnormality in the cardiopulmonary system. These devices are used in degenerative lung diseases such as emphysema and chronic bronchitis, asthma and acute & chronic respiratory diseases. The market is growing significantly owing to the increase in the chronic obstructive pulmonary diseases (COPD). The respiratory care devices are used in both homecare and hospital settings. The respiratory devices have shifted from being stationary to portable. There has been an increase in the usage of portable devices.
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Respiratory Care Devices Market: Segmentation
The respiratory care devices market is segmented globally on the basis of type, end user, diseases/disorder and geography. On the basis of type, the market is segregated into therapeutic devices, diagnostic devices, monitoring devices and consumables and accessories. The therapeutic devices are further sub-segmented into PAP devices, ventilators, humidifiers, inhalers, nitric oxide delivery units, masks, nebulizers, oxygen concentrators, reusable resuscitators and oxygen hoods. Monitoring devices segment is sub-segmented into pulse oximeters, gas analyzers and capnographs. Diagnostics devices segment is sub-classified as spirometers, peak flow meters, polysomnography devices, peak flow meters and others. Further segmentation of the consumables and accessories segment is as follows disposable masks, tracheostomy tubes, disposable resuscitators and others. On the basis of diseases, the respiratory care devices market is categorized as chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, infectious diseases and others. The different end users of the respiratory care devices market include ambulatory care, hospitals and home care. Geographically, the market is diversified into North America, Asia-Pacific, Europe and Rest of the World.
Respiratory Care Devices Market: Growth Factors
The key driving factors of the global respiratory care devices market include the increase in the number of patients that have chronic pulmonary obstructive diseases, the change in the environment and lifestyle, the new launching of the product coupled with strong pipeline of the product, rapid urbanization and rise in the aged population. The respiratory care devices market is in great demand in the home care segment. In addition, the positive government support has fuelled the market growth. The factor that hampers the market growth include lack of awareness among the consumers, risks involved in the therapeutic devices for neonates and the excise tax levied on the devices negatively affects the market growth.
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Respiratory Care Devices Market: Regional Analysis
The global respiratory care devices market is dominated by the North America followed by Europe. The factors that are contributing to this growth include the large pool of respiratory disease patients due to lifestyle such as smoking and tobacco habits, highly developed health care infrastructure and availability of trained personnel to operate the advanced respiratory devices. The Asia Pacific region is also growing significantly. The factors such as developing health care infrastructure and the increasing disposable income are driving the market growth.
Respiratory Care Devices Market: Competitive Players
The key market players in the respiratory care devices market include Philips Healthcare, Medtronic Plc., Fisher and Paykel Healthcare Limited, Chart Industries, Inc., Hamilton Medical AG, ResMed Inc., Masimo Corporation, Becton, Dickinson and Company and Drägerwerk AG & Co. KgaA.
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Respiratory Care Devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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