Summary – A new market study, “Global Respiratory Devices Market (Therapeutic, Diagnostic & Monitoring): Insights and Forecast with Potential Impact of COVID-19 (2020-2024)”has been featured on WiseGuyReports.
The global respiratory devices market is forecasted to reach US$30.77 billion in 2024, growing at a CAGR of 5.93% for the period spanning 2020-2024. The factors such as increasing chronic respiratory disease incidence, inclining geriatric population, accelerating economic development, rising personal healthcare expenditures, growing pollution levels, improving consumer confidence and improvement in respiratory devices manufacturing process are expected to drive the market. However, growth of the industry would be challenged by the competitive pressure and stringent regulation. Few notable trends include rising med-tech research and development expenditures, accelerating smart inhaler industry, technological advancements in ventilators and improving consumer bargaining power in developing economies.
Also Read : - https://www.medgadget.com/2020/10/respiratory-devices-market-2020-global-analysis-opportunities-and-forecast-to-2025.html
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the respiratory market as the demand for masks, respirators, protective clothing, and gloves have increased significantly not limited to healthcare sector but also to other industries.
On the basis of product type, the global respiratory devices industry is broadly bifurcated into therapeutic (nebulizers, ventilators, Positive Air Pressure (PAP), humidifiers, etc.), diagnostic & monitoring (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, etc.) and others i.e. consumables & accessories (mainly masks & breathing circuits).
The fastest growing regional market is North America due to increasing requirement of respiratory equipment in chemical R&D activities, launch of price benefits of home care machines and facilities related to hospital treatment by government. The U.S. represents one of the largest market and is already well-penetrated at developed market levels.
Scope of the report:
The report provides a comprehensive analysis of the global respiratory devices market segmented on the basis of product types i.e. therapeutic devices & diagnostics & monitoring device and on the basis of application i.e. COPD, Asthma and Sleep Apnea.
The major regional markets (North America, Europe and Asia-Pacific) have been analysed along with country coverage of US, Germany, UK, France and China.
The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
The competitive landscape of the market, along with the company profiles of leading players i.e. Koninklijke Philips N.V., Masimo Corporation, Invacare Corporation, ResMed Inc, Fisher & Paykel Healthcare Corporation Limited and Medtronic PLC.
Key Target Audience:
Respiratory Device Manufacturers
Raw Material Suppliers
End Users
Consulting Firms
Investment Banks
Government Bodies & Regulating Authorities
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The global Alginate Dressing market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on Alginate Dressing volume and value at global level, regional level and company level.
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For healthcare organizations in every part of the world, assessing the growth of global medical tapes market is essential for planning and managing medical supplies beforehand.
Clinics, ambulatory centers, and hospitals continue to adopt the latest range of surgical tapes in order to retain the faith of patients in such preliminary medical procedures.
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Market SynopsisThe increasing prevalence of chronic diseases is projected to be one of the most significant factors driving the global digital therapeutics market 2020.
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As per the analysis, North America is estimated to dominate the global market and is likely to exercise its force throughout the forecast period.
