The respiratory care devices market is projected to grow at a CAGR of 10.1% during the forecast period 2018–2023. As per the respiratory care devices market research report, the global market for respiratory care devices is projected to grow rapidly. According to analysts, the rising incidences of chronic pulmonary diseases as well as increasing frequency of respiratory diseases will drive the market growth during the forecast period. The respiratory care devices market research report offers a comprehensive analysis of the global respiratory care devices market and its accessories and consumables, application, diagnostic devices, monitoring devices, therapeutic devices, and end-users segments. The lack of awareness along with intense competition are the elements that could influence the respiratory care devices market advancement throughout the forecast period. The respiratory care devices market research report by expert analysts is developed to assist organizations in the respiratory care devices market.
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Segmental Analysis
The respiratory care devices market has been segmented on the basis of monitoring devices, therapeutic devices, diagnostic devices, application, accessories and consumables, and end-users. By therapeutic devices, the market has been segmented into ventilators, nitric oxide delivery units, pap devices, masks, nebulizers, humidifiers, inhalers, reusable resuscitators, oxygen concentrators, and oxygen hoods. By monitoring devices, the market has been segmented into capnographs, pulse oximeter sensors, pulse oximeters, pulse oximeter equipment, and gas analyzers. The diagnostic devices segment of the market comprises of polysomnography (PSG) devices, spirometers, peak flow meters, and other diagnostic devices. The accessories and consumables segment of the market consists of disposable masks, tracheostomy tubes, nasal cannulas, disposable resuscitators, and other consumables and accessories. The application basis of market segmentation comprises of asthma, sleep apnea, infectious diseases, chronic obstructive pulmonary disease (COPD), and other diseases. The end user basis of market segmentation includes clinics, hospitals, home care, ambulatory 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.
Europe is anticipated to hold the second-largest share in the revenue of the global respiratory care devices market owing to the increasing number of surgeries coupled with increasing frequency of diabetic patients in the region. Additionally, increasing investment for the adoption of advanced treatment devices and procedures is likely to benefit market growth in the coming years. However, the Asia Pacific is estimated to be the fastest-growing region owing to increasing respiratory diseases and disorders in the region. Further, the factor benefiting market growth include an increase in the adoption of several treatments and facilities in hospitals. The factors such as increasing investment for improving healthcare infrastructure, optimal treatment facilities, increasing disposable income and affordability of patients, and surge in medical tourism in the region are benefiting the market growth. Additionally, rising government support for raising public awareness about the respiratory diseases and availability of newer devices.
Competitive Landscape
Changes in the environment and lifestyle are presumed to drive the respiratory care devices market growth worldwide. The global respiratory care devices market could be challenged by concerns regarding effectiveness of devices and side effects, nevertheless, organizations in the respiratory care devices market will carry the growth rate forward. The respiratory care devices market research report presents company profiles of major companies active in the respiratory care devices market globally. Furthermore, the global respiratory care devices market report offers an all-inclusive analysis of the market collected from the respiratory care devices market’s primary and secondary sources covering both decision makers and thought leaders. The respiratory care devices market research report highlights such key areas assisting businesses operating in the respiratory care devices market to build better growth strategies.
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.
Table of Contents:
Chapter 1. Report Prologue
Chapter 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
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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