Respiratory Care Devices Market Analysis Outlook 2019 By Top Manufactures Size, Trends, Demand and Growth Prospects 2023
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.
Respiratory
Care Devices Market Segmentation:
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.
Global Respiratory Care Devices Market: Therapeutic devices
(PAP Devices), Monitoring devices (Pulse Oximeters), Diagnostic devices
(Spirometers), Accessories & Consumables (Disposable Masks), and
Application (Asthma and Others)—Global Forecast till 2023 @https://www.marketresearchfuture.com/reports/respiratory-care-devices-market-6517
Market Key Players
Philips Healthcare (Netherlands),
ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), 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) in the report on the same market.
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