The Respiratory Care Devices Market accounted to USD 13.01 billion in 2016 growing at a CAGR of 9.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Respiratory Care Devices Market By Product Type (Therapeutic Devices (Ventilator, Mask, PAP Device, Inhaler, Nebulizer), Monitoring Devices (Pulse Oximeter, Capnograph), Diagnostic Devices (Spirometers, Peak Flow Meters, Polysomnography), Consumable and Accessories (Disposable Masks, Resuscitators, Tracheostomy Tubes, Nasal Cannulas, Others), By End-Users (Hospitals, Home Care), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Respiratory care devices are involved in diagnostic evaluation, monitoring and treatment of patients suffering from cardiopulmonary disorders, asthma, pneumonia, tuberculosis, chronic bronchitis, and emphysema. Through the use of these devices, it improves pulmonary function and lung oxygenation.
Major market drivers and restraints:
- Increase in disposable incomes
- Increase in the demand for respiratory devices in private hospitals and clinics
- the high prevalence of smoking,
- Technological advancements
- Growing technological advancement
- High costs associated with the purchase and operation
By product type the respiratory care devices market is segmented into therapeutic devices, monitoring devices, diagnostic devices, consumable and accessories. The therapeutic devices segment is further segmented into Ventilator, Mask, PAP Device, Inhaler, nebulizer.the monitoring devices segment is further segmented into pulse oximeter, capnograph. the diagnostic devices segment is further segmented into spirometers, peak flow meters, polysomnography.
the consumable and accessories segment is further segmented into disposable masks, resuscitators, tracheostomy tubes, nasal cannulas, others.
On the basis of end-users the respiratory care devices market is segmented into hospitals, and home care.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
The Global Respiratory Care Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in respiratory care devices market are
- ResMed Inc
- Chart Industries, Inc
- Medtronic PLC
- Drägerwerk AG & Co. KGaA
- Koninklijke Philips N.V
- General Electronics
- Hamilton Medical AG
- AstraZeneca PLC
- GE Healthcare
- Fisher and Paykel Healthcare Limited
- CareFusion Corporation
- Dickinson and Company
- Philips Healthcare and Covidien plc
- Masimo Corporation
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
market share analysis and key trend analysis are the major success factors in the market report. To know more please request analyst call or drop down your enquiry.
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