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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