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 - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
Respiratory Devices Market Overview:
Respiratory diseases are the principal 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 elimination of mucus from the respiratory airways and in doing so enhance the pulmonary function.
Respiratory devices are medical devices that are used to aid patients who are suffering from respiratory problems and cannot attain sufficient oxygen levels to sustain life.
The Global Respiratory Devices Market was worth USD 14.44 billion in 2016 and estimated to be growing at a CAGR of 9.40%, to reach USD 22.63 billion by 2021.
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Respiratory Devices Market Factors:
The growth of the Global Respiratory Devices Market is mainly driven by factors such as an increase in the prevalence of respiratory diseases such as asthma and COPD, technological advancement in the healthcare industry, rising aging population, high prevalence of smoking, rising urbanization and pollution levels, and lifestyle changes. However, lack of Public awareness, growing healthcare cost containment pressure and harmful effects of certain respiratory care devices on neonates in the emerging regions are the main factors hindering the growth of the market.
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Respiratory Devices Market Research Methodology:
- Research Phases
- Secondary Research
- Primary Research
- Econometric Modeling
- Expert Validation
- Analysis Design
- Study Timeline
Respiratory Devices Market Segmentation:
The Global Respiratory Devices market is segmented based on Type. The market for Respiratory Devices, on the basis of type, is segmented into Therapeutic Devices, Diagnostic and Monitoring Devices, and Disposables.
On the basis of Therapeutic Devices, the global Respiratory Devices market is segmented into BI-PAP Devices, Nebulizers, Ventilators, Resuscitators, CPAP Devices, Humidifiers, Oxygen Concentrators, and Inhalers. On the basis of Diagnostic and Monitoring Devices, the global Respiratory Devices market is segmented into Sleep Test Devices, Pulse Oximeter, Spirometers, Peak Flow Meters, Capnographs.
On the basis of Disposables, the global Respiratory Devices market is segmented into Cannulas, Filters, Masks, Tubes, and Breathing Circuits. Based on End Users the Global Respiratory Devices market is segmented into Hospitals and Home Care.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Highly advanced healthcare systems and mounting healthcare costs are the main factors responsible for the large shares of North America and Europe in the global respiratory care devices market.
However, the Asia-Pacific region is projected to grow at the highest CAGR, owing to the presence of a vast pool of respiratory patients.
Respiratory Devices Market Key Players:
- Masimo Corporation
- ResMed Inc.
- Fisher and Paykel Healthcare Limited
- Philips Healthcare
- CareFusion Corporation
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