Global Respiratory Devices Market – Breathing Life into Critically ill Patients
Respiratory Devices Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Respiratory Devices Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Respiratory devices are equipment that supply respiratory gas mechanically to patients with damaged respiratory function. It also helps to remove mucus from the airways and improve pulmonary function. These devices are designed to increase compliance of patients that are suffering from respiratory diseases to daily treatment. There are different devices used such as positive expiratory pressure, the high frequency chest wall oscillation, the oral high frequency oscillation, the intrapulmonary percussive ventilation, the incentive spirometry the flutter and the acapella and the cornet. There devices can adjust inhalations and exhalations automatically, in accordance with patient’s requirement. Moreover, these devices are available in various versions such as emergency respiratory devices for rescue application, long-term respiratory devices for intensive care, and mobile home respiratory devices.
The global respiratory devices market is estimated to account for US$ 16,878.0 Mn in terms of value in 2019 and is expected to reach US$ 34,178.1 Mn by the end of 2027.
Market Dynamics- Drivers
Increasing admissions of critical care patients in Intensive Care Units (ICU) is expected to fuel the market growth
Growing prevalence of chronic respiratory diseases such as asthma, chronic pulmonary lung disease, pulmonary hypertension, and occupational lung disease worldwide is expected to drive growth of the global respiratory devices market during the forecast period. Moreover, growing need for therapeutic respiratory devices in the medical as well as in the homecare settings is expected to drive the market in the near future. According to the World Health Organization (WHO), in 2017, asthma is a major non communicable disease with an estimated 235 million people suffering from the condition. According to the American Academy of Allergy Asthma and Immunology, 2015, an estimated number of people suffering from asthma is expected to increase by more than 100 million by 2025. North America is expected to dominate the respiratory devices market, owing to increasing number of hospitalizations and emergency visits associated with acute or life threatening medical problems. According to the study by Society of Critical Care Medicine 2016, more than 5.7 million patients are admitted annually to intensive care units (ICUs) in the U.S. for support of airway, breathing or circulation, and comprehensive management of injury. Also, According to the Centers of Disease Control and Prevention (CDC), 2017, around 1.7 million emergency department visits with chronic and unspecified bronchitis were registered in the U.S. hospital facilities.
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• Current and future of global Respiratory Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Market Dynamics- Restraints
Strict policies by the U.S. FDA, lack of awareness about innovative devices, and high cost of respiratory devices are expected to restrain growth of the global respiratory devices market in the near future.
Increasing support from international organizations for prevention of chronic respiratory diseases is expected to accelerate the market growth
Various organizations, institutions, and agencies are working towards improving the diagnosis and the medical care needed to reduce the global burden of respiratory diseases. For instance, the Global Alliance against Chronic Respiratory Diseases (GARD) was formed with the support from the World Health Organization (WHO) to control chronic respiratory diseases. GARD is a voluntary alliance of national, international organizations, and agencies from many economies. The main objective of GARD is to develop simple and affordable strategies for chronic respiratory diseases (CRD) and to encourage economies to implement health promotion and CRD prevention policies. Also, increasing birth defects such as newborn respiratory distress syndrome, cyanosis, and Broncho-pulmonary dysplasia requires the need for neonate/pediatric respiratory devices to increase the survival chances of infants. According to the Centers of Disease Control and Prevention (CDC), an estimate of 1.5 million babies were born with birth defects with about one quarter primary consultations related to respiratory complaints.
Key companies operating the global respiratory devices market include Koninklijke Philips N.V., 3M, AstraZeneca Plc., GE Healthcare, GlaxoSmithKline Plc., Medtronic plc, Becton, Dickinson and Company, Invacare Corporation, ResMed, Inc., and CareFusion Corporation.
- Global Respiratory Devices Market, By Product Type:
- Respiratory Consumables
- Respiratory Mask
- Nasal Cannulas
- Tracheostomy Tubes and Oxygen Tubes
- Other Accessories and Consumables
- Compressed Jet Nebulizers
- Ultrasonic Nebulizers
- Mesh Nebulizers
- Oxygen Concentrators
- Home Oxygen Concentrators
- Portable Oxygen Concentrators
- Positive airway pressure devices
- Polysomnography Devices
- Ambulatory PSG
- Clinical PSG
- Pulse Oximeters
- Mechanical Ventilators
- Respiratory Consumables
- Global Respiratory Devices Market, By End User:
- Ambulatory Surgical Centers
- Long Term Care Centers
- Global Respiratory Devices Market, By Geography:
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Major Point Answered in Respiratory Devices Market Research Study are: –
• What will the market growth rate, Overview, and Analysis by Type of Respiratory Devices market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Respiratory Devices market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Respiratory Devices market?
• Who are the Opportunities, Risk and Driving Force of the Respiratory Devices market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key vendors in the Respiratory Devices market space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Respiratory Devices market opportunities and threats faced by the vendors in the market?
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