Medical Health & Life Science Research News

Respiratory devices industry buoyed by increase in the number of private clinics and hospitals

Medical Market Research

The Respiratory devices market is projected to reach $XX Billion by the end of 2024 with a CAGR of XX% from $XX Billion in 2017.

The report "South America Respiratory Devices Market": By Type (sleep test devices, spirometers, peak flow meters, CPAP Devices, B_PAP devices, ventilators, inhalers, oxygen concentrators, tubes, filters, masks, breathing circuits & some others) & By Geography - Forecast (2018-2024). 

Respiratory devices are available in various versions such as emergency respiratory devices, long-term respiratory devices and mobile home respiratory devices. These devices help in the removal of mucus from the respiratory airways thereby pulmonary function is improved.

They supply respiratory gas mechanically to patients with impaired respiratory function. 

Respiratory gas is usually enriched with oxygen and conveyed into the lung with a positive pressure generated by the device. The benefits with respect to respiratory devices are independent applications, full control of therapy and easy use.

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South America has the largest market due to high prevalence of smoking, rising urbanization and increasing pollution levels in that region.  Most of the aging population is suffering with one or more chronic diseases.

Owning to this, there is an increasing demand for hospitals, clinics and home health care services. Nowadays respiratory devices are found depend on our requirement, if the requirement is for short span of time we can make use of emergency respiratory devices, for long term we can make use of long term respiratory deices.

The market growth is witnessed due to rise in geriatric population, growing per capita income, increase in investments of health care industry, rising demand for cutting edge technologies and labor costs across the region. One of the major driver for the respiratory market is high smoking global population, which are also increasing the disease burden.

Key players in the market include:

  • GE Healthcare (United Kingdom)
  • Medtronic (Mumbai)
  • Teleflex (United States)
  • Hamilton Medical (Switzerland)
  • Beckton, Dickinson and company (United States)

 This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
  • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
  • A complete 360 degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report.
  • Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.

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