Europe Respiratory Devices Market by Type (Therapeutic Devices-BI-PAP Devices, Nebulizers, Ventilators, Resuscitators, CPAP Devices, Humidifiers, Oxygen Concentrators, Inhalers; Diagnostic and Monitoring Devices-Sleep Test Devices, Pulse Oximeter, Spirometers, Peak Flow Meters, Capnographs; Disposables-Cannulas, Filters, Masks, Tubes, Breathing Circuits) and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Europe Respiratory Devices Market was worth $3.90 billion in 2016 and estimated to be growing at a CAGR of 9.47%, to reach $6.13 billion by 2021. Respiratory devices are devices that are used to support people who are suffering from respiratory problems and cannot achieve satisfactory oxygen levels to sustain life.
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Respiratory diseases are the main cause of deaths globally. Lung infections like pneumonia and lung cancer, chronic obstructive pulmonary disease (COPD), and tuberculosis together accounted for around 12.5 million deaths globally during 2015, which is on-fifth of the worldwide total.
These devices help in the exclusion of mucus from the respiratory airways and in doing so augment the pulmonary function.
Rising aging population is one of the major driver for the Respiratory Devices market in this region. Another aspect is that European countries face comparable economic and demographic burdens and share an interest in scrutinizing their impact on health outcomes nationally and across Europe.
However, growing healthcare costs and harmful effects of certain respiratory care devices on neonates are the main factors restraining the growth of the market in this region.
- By Type
- By Therapeutic Devices
- BI-PAP Devices
- CPAP Devices
- Oxygen Concentrators
- By Diagnostic and Monitoring Devices
- Sleep Test Devices
- Pulse Oximeter
- Peak Flow Meters
- By Disposables
- Breathing Circuits
- By End Users
- o Home Care
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the second largest market with a global share of 27%.
Germany is the largest market share holder for the Respiratory Devices market in this region, followed by the UK and France. Other important markets in the region are Norway, Netherlands, Denmark, and Greece.
The major companies dominating the market in this region are Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Covidien plc, and CareFusion Corporation.
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