According to the latest report by Renub Research, titled "Respiratory Care Devices Market Global Analysis by Product, Type, Region, Companies" Respiratory disease affects persons breathing ability number of these patients are increasing year on year; disease like COPD (Chronic Obstructive Lung Disease), sleep apnea and asthma have increased in the last few years. For treatment and diagnosis of cardiopulmonary disease, respiratory care devices are used globally. Age factor is one of the primary factors for these diseases, as a person become older, the functioning of lung began to decline, due to this respiratory system undergoes numerous immunological, functional, and physiological changes. These respiratory devices can be used in different environments from home to hospitals; these devices also have portable and stationary settings, based on the need of the patient. The Respiratory Care Devices Market is expected to be US$ 30.5 Billion by the end of the year 2025.
Over 235 million people had asthma in the year 2017, according to World Health Organizations’ statistics, since then the number of patients is increasing, and demand for respiratory care devices had increased tremendously. Chronic Obstructive Lung Disease (COPD) is one of the leading causes of death in the whole world. One out of five patients will die due to affected by these diseases.
Growth Drivers of Respiratory Care Devices Industry
The respiratory care device market is growing year on year due to changing lifestyle, and environmental condition such as pollution, rising geriatric population, increasing number of smokers, growth in the number of chronic obstructive pulmonary disease patients. Other than the above reasons, various healthcare companies are investing massively for launching new products for the treatment and diagnostics of patients. Individual with the lower immune system such as elderly people and premature child, they can be easily affected by several diseases which results in the requirement for respiratory support devices just like RDS (respiratory distress syndrome), which promote artificial respiration, also prevent respiratory disorders.
COVID-19 Impact on Respiratory Care Devices Industry
Over a billion people are affected due to this deadly virus. The whole world is currently facing healthcare as well as financial problems due to disease outbreak. Most of the healthcare facilities have reserved their resources for the treatment of COVID-19 patients. Respiratory care devices market is affected as there is a huge demand for these kinds of devices such as Humidifiers, PAP Devices, Peak Flow Meter, Tracheostomy Tube, Ventilators, Nebulizers, Medical Oxygen Concentrators and Pulse Oximeters will also boost the market in upcoming years as well.
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Market Summary
By Product: This research report covers following respiratory devices PAP Devices, Nebulizers, Medical Oxygen Concentrators, Ventilators, Capnography, Humidifiers, Medical Gas Analyzers, Spirometers, Pulse Oximeters, Peak Flow Meter, Polysomnography Devices, Tracheostomy Tube, Breathing Circuits, Others devices. Among all the devices, Polysomnography is dominating the market.
By Type: According to the report, Therapeutic devices hold the most significant market share among all devices. The research report covers Therapeutic Devices, Diagnostic Devices, Monitoring Devices, Consumables & Accessories.
By Region: This research report covers the market for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the biggest market share according to Renub Research analysis.
By Companies: This research report covers Overview, Initiatives & Recent Developments and Revenue analysis of Becton Dickinson and Company, GE Healthcare, Invacare, Philips Group, Fisher & Paykel Healthcare and Medtronic Plc.
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The function of lungs starts to decline and hence the respiratory system undergoes numerous physiological, functional as well as immunological changes with the growing age.
Wide ranges of devices for diagnosis of respiratory diseases say asthma, sleep apnea, Chronic Obstructive Pulmonary Diseases (COPD).
In the year 2017, about 235 million people have asthma as per the World Health Organization, which signifies the need for respiratory care for asthma patients.
As per our analysis, the North America region holds significant market share among all regions across the globe in the global Respiratory care devices market by Regions.
Apart from that, Polysomnography Devices market will dominate this market during the forecast period by products that we have covered in this report.
Renub Research report titled “Respiratory Care Devices Market Global Analysis by Product (PAP Devices, Ventilators, Nebulizers, Humidifiers, Medical Oxygen Concentrators, Pulse Oximeters, Capnographs, Medical Gas Analyzers, Spirometers, Polysomnography, Devices, Peak Flow Meter, Breathing Circuits, Tracheostomy Tube, Others), Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Companies (Becton Dickinson and Company, GE Healthcare, Invacare, Philips Group, Fisher & Paykel Healthcare, Medtronic Plc.
Global Respiratory Care Devices Market: Therapeutic devices (PAP Devices), Monitoring devices (Pulse Oximeters), Diagnostic devices (Spirometers), Accessories & Consumables (Disposable Masks), and Application (Asthma and Others)—Global Forecast till 2023Market Highlights:The global respiratory care devices market is expected to register a significant growth at 10.1% CAGR during the forecast period (2018–2023).The respiratory care devices are used for treatment, assessment, diagnosis, and care of patients suffering from cardiopulmonary devices.
Respiratory care devices are used in the treatment of lung diseases such as chronic bronchitis, tuberculosis, acute and chronic pulmonary diseases, asthma, and others.
With the growing age, the function of lungs starts to decline and hence the respiratory system undergoes various physiological, functional and immunological changes.
These devices can be used in hospitals and in-home care settings as they have developed from stationary to portable ones.Intended AudienceRespiratory care device manufacturers and distributorsHealthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)Research institutesContract manufacturing organizations (CMOs)Government associationsMarket research and consulting firmsVenture capitalists and investorsAvail a Free Sample@ https://www.marketresearchfuture.com/sample_request/6517SegmentationThe global respiratory care devices market has been segmented on the basis of therapeutic devices, monitoring devices, diagnostic devices, accessories and consumables, application, and end-users.
On the basis of monitoring devices, the market has been classified as pulse oximeters, pulse oximeter sensors, pulse oximeter equipment, capnographs, and gas analyzers.
On the basis of application, the market has been classified as chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and other diseases.
