The intensifying pollution levels worldwide are chiefly contributing to the demand for respiratory care devices. Market reports associated with the healthcare industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is projected to expand at a 10.1% CAGR in the forecast period.
The enhancement in the ergonomics of respiratory care devices and their portability is increasing the potential for the market’s growth. Ailments such as tuberculosis, chronic bronchitis, asthma, acute and chronic pulmonary diseases are highly dependent on respiratory care devices, and the rise of these ailments globally will fuel development of the respiratory care devices in the forecast period.
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Segmentation:
The respiratory care devices market is segmented by therapeutic devices, monitoring devices, diagnostic devices, accessories & consumables, applications, end users, and region.
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.
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 Analysis:
Some of the prominent players in the global regenerative medicine 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.
Key Players
Some of the key players in the global respiratory care devices market are Philips Healthcare (The Netherlands), ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), and Fisher & Paykel Healthcare Corporation Limited (New Zealand), Becton, Dickinson and Company (US), Chart Industries, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).
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
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