“Respiratory Care Devices Market - Global Forecast to 2021". The global respiratory care devices market is expected to reach USD 24.07 Billion by 2021 from USD 15.14 Billion in 2016, at a CAGR of 9.7% from 2016 to 2021. Report analyzes respiratory care devices market by type, disease/disorder, & end users across all regions. Detailed insights on upcoming technologies, research & development activities, & new product launches in respiratory care devices market.
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In this report the global respiratory care devices market is segmented on the basis of type, disease/disorder, end user and region. Based on type, the market is segmented into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories.
In 2015, therapeutic devices accounted for the largest share of the global market. The rising incidence of chronic diseases and growing geriatric population contributes to their largest share in the market.
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Complete report on Respiratory Care Devices Market spread across 274 Pages, Profiling 11 Companies and supported with 230 Tables and 49 Figures is now available at www.rnrmarketresearch.com/respirat…arket-report.html .
Lack of awareness of respiratory conditions leading to a large under diagnosed and undertreated population and the harmful effects of certain respiratory care devices on neonates are the major challenges in this market. Market growth can be attributed to a number of factors such as high prevalence of respiratory diseases, rapid growth in the aging population, the high prevalence of smoking, rising urbanization and pollution levels, increasing incidence of preterm births, and lifestyle changes.
- Respiratory care device manufacturers and distributors
- Healthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)
- Research institutes
- Contract manufacturing organizations (CMOs)
- Government associations
- Market research and consulting firms
- Venture capitalists and investors
The major factors driving the growth of this market include high prevalence of respiratory diseases, rapid growth in the aging population, the high prevalence of smoking, rising urbanization and pollution levels, increasing incidence of preterm births, and lifestyle changes. The rapid developments in emerging markets such as Asia-Pacific and Latin America and the growing demand for point-of-care (POC) diagnostic devices are expected to provide significant growth opportunities for players operating in the respiratory care devices market in the coming years.
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Geographically, the global respiratory care devices market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The markets in Asia-Pacific and Latin America are expected to register high growth during the forecast period owing to the rising geriatric population, growing per capita income, increasing investments in the healthcare industry by key market players, rising demand for cutting-edge technologies, low labor costs, favorable regulatory environment and expansion of private-sector hospitals to rural areas in various APAC and Latin American countries.
1 Respiratory Care Devices: Market Overview
2 Asia-Pacific: Respiratory Care Devices Market, By Type
3 Geographic Snapshot: Respiratory Care Devices Market (2015)
4 Geographic Mix: Respiratory Care Devices Market
5 Respiratory Care Devices Market Size, By Disease/Disorder
Some of the prominent players in the global market include Philips Healthcare (The Netherlands), ResMed Inc. (U.S.), Medtronic plc (Ireland), Masimo Corporation (U.S.), Fisher and Paykel Healthcare Limited (New Zealand), Becton, Dickinson and Company (U.S.), Chart Industries, Inc.
(U.S.), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).
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The global respiratory care devices market is fragmented, with the presence of many small and medium-size companies which operate in their respective market segments. In order to maintain their market shares, leading players in the market are continuously developing new technologies and upgrading their existing products to enhance their product portfolios.
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