Respiratory Care Devices Market Driven by Increasing Incidence of Chronic Pulmonary Disorder and Asthma. Increasing geriatric population, urbanization, industrialization, and adverse effects of air pollution are benefitting the market growth for Respiratory Care Devices, asserts Market Research Future (MRFR).
Leading Market Players
Some of the prominent players in the Respiratory Care Devices Market include Philips Healthcare, Medtronic plc, ResMed, Inc., Masimo Corporation, Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Chart Industries, Inc., Hamilton Medical AG, and Drägerwerk AG & Co. KGaA.
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Market Overview
The global respiratory care devices market is likely to expand at a CAGR of 10.1% during the estimated timeframe on the back of increasing screening of respiratory diseases. Additionally, the respiratory care devices have utilized the treatment, diagnosis, assessment, and rising growing focus of care of patients suffering from respiratory devices. Increasing incidences of lung diseases, respiratory diseases, and chronic bronchitis such as acute and chronic pulmonary diseases, tuberculosis, and asthma are creating the need for advanced drugs for their treatment is driving the growth of the global respiratory care devices market. The adoption of the advanced respiratory care devices in the hospitals and home care setting are fueling the growth of the market.
Segmentation: Global Respiratory Care Devices Market
Based on the therapeutic devices, the market is segmented into pap devices, ventilators, masks, nebulizers, oxygen concentrators, humidifiers, inhalers, reusable resuscitators, oxygen hoods, and nitric oxide delivery units.
Based on the monitoring devices, the market is segmented into pulse oximeter sensors, pulse oximeters, pulse oximeter equipment, analyzers, and capnographs.
Based on the diagnostic devices, the market is segmented into spirometers, peak flow meters, polysomnography (PSG) devices, and other diagnostic devices.
Based on the accessories & consumables, the market is segmented into disposable masks, tracheostomy tubes, disposable resuscitators, nasal cannulas, and other.
Based on the application, the market is segmented into sleep apnea, chronic obstructive pulmonary disease (COPD), asthma, infectious diseases, and other diseases.
Based on the end-user, the respiratory care devices market is segmented into hospitals, ambulatory care, clinics, home care, and others.
Regional Analysis:
Regionally, the respiratory care devices market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. Of these, the Americas are estimated to remain dominant in the global respiratory care devices market in the coming period owing to a surge in the adoption of advanced technologies in the healthcare industry and presence of the favorable reimbursement policies. Additionally, numbers from the Centers for Disease Control and Prevention (CDC) suggested that the deaths due to chronic respiratory diseases were 155,041 in 2015, and the number of people suffering from chronic bronchitis was 8.9 million in the U.S. only, which is likely to rise in coming years. Thus, the market for respiratory care devices in the region is likely to be benefited from the increase in the prevalence of the disease.
Table Of Content
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends and Assessment
Continued….
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Industry News:
September 2019, Biovo Technologies Ltd. announced the launch of the HyperForm product line during the American Association for Respiratory care (AARC) conference.
August 2019, Medical technology company has signed an agreement to acquire the respiratory care solutions developer Breathe Technologies. The acquisition will use the wearable non-invasive ventilation technology, which will offer a platform that utilizes the direct respiratory care commercial channel.
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