Summary - A new market study, titled “Global Respiratory Care Devices Market Research Report 2020”has been featured on WiseGuy Reports.
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Global Respiratory Care Devices Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023
Overview: Respiratory diseases are one of the world’s biggest health concerns, causing one-sixth of all deaths worldwide. It is observed that more than 35 million people suffer from some form of the respiratory disorder, and one in six deaths is caused by some kind of chronic lung disease in the US alone. Some of the chronic respiratory diseases are acute respiratory distress syndrome, asthma, chronic obstructive pulmonary disease, cystic fibrosis, pulmonary fibrosis, pneumonia, respiratory failure, sleep apnea, lung cancer, tuberculosis, and other respiratory diseases. The devices used for the diagnosis, treatment, and monitoring of these cardiopulmonary disorders are known as respiratory care devices.
The factors such as rising prevalence of respiratory diseases, huge demand for enhanced portable devices, increasing geriatric population, and high prevalence of tobacco smoking are expected to drive the market growth during the forecast period. The market is witnessing the emerging trend of intelligent ventilators, portable PAP devices, smart inhalers, and nebulizers which are helping in providing real-time monitoring and transmission of data to the physicians. The markets in India, Brazil, China, and Japan are expected to grow at a rapid pace during the forecast period as the prevalence of respiratory diseases in these countries is high.
Key Players: ResMed, Medtronic Plc, Fisher and Paykel, Becton Dickenson and Company, Hamilton Medical, Drager Healthcare GmbH, Chart Industries, Philips Healthcare, Maquet (Getinge Group), Masimo Corp., GE Healthcare and other predominate & niche players.
Competitive Analysis: At present, the therapeutic devices are dominating the Global Respiratory Care Devices market, and a lot of new players are focusing on developing smart devices to provide real-time end to end services and to gain future business opportunities. Many major players are launching new products to maintain their leadership in the market. Apart from this, the big players are acquiring small companies to enhance their product portfolio and retain their market leadership. For instance, in February 2016, ResMed acquired Inova Labs Inc., a privately-held company that develops and commercializes innovative oxygen therapy products. Significant investments in R&D in this market are expected to increase, and collaborations, merger & acquisition activities are expected to continue.
Benefits: The report provides complete details about the usage and adoption rate of respiratory devices by various end-users and in regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives towards the respiratory devices adoption in the upcoming years along with the details of commercial devices available in the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
Key Stakeholders:.
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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.
According to the recent report published by Research Corridor, the Global Respiratory Care Devices Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2027.
This latest industry research study analyzes the Respiratory Care Devices market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
The report titled "Respiratory Care Devices Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Respiratory Care Devices industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others.
Furthermore, the report includes detailed quantitative and qualitative analysis of the global Respiratory Care Devices market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse Full report on Global Respiratory Care Devices Market report at https://www.researchcorridor.com/respiratory-care-devices-market// The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others.
Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
