Respiratory Care Devices Market is Expected to be Driven by the High Volume Adoption of these Devices for Home-Care Settings

Respiratory Care Devices Market is forecasted to grow at 9.07% for 2019 to 2026, where the availability of unfavorable scenarios and lack of awareness amongst the population of developing regions regarding the availability of these devices are hindering the market’s growth.

Respiratory care devices market will be dominated by North America, with the region holding the largest share in the market as well as the highest growth rate during the forecasted period of 2019 to 2026. The major factors behind this region’s dominance are the presence of major market players in the region dealing in respiratory care products and solutions. On top of that, the advanced healthcare expenditure and infrastructure’s availability is also resulting in the region’s dominance in the market.

Respiratory Care Devices Market Scenario

According to Data Bridge Market Research, respiratory care devices market is expected to witness market expansion caused by the growth of pre-term births taking place worldwide, high prevalence of respiratory disorders caused by the changes in lifestyles of individuals such as rising volume of tobacco consumption, increasing levels of pollution worldwide as well as the growth of geriatric and obese population levels that are more prone to suffer from chronic respiratory disorders.

Respiratory care devices are also witnessing their market expansion amid the global population suffering from chronic respiratory diseases and the preference of this population to utilize the different forms of healthcare related devices from the comfort of their homes. This trend is acting as a significant growth driver for respiratory care devices in the above-mentioned forecasted period.

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Respiratory Care Devices Market Developments

  • In August 2019, Hill-Rom Services Inc. announced that they had agreed for the acquisition of Breathe Technologies, Inc. for an approximate amount of USD 130 million. The innovative products and technologies acquired will help the company enhance their business models while helping utilize the highly effective sales channels existent with Hill-Rom’s business. The acquisition is evident of the company’s strategy to utilize their capital for the business expansion and improvements of their product offerings.

Scope of the Respiratory Care Devices Market

Global respiratory care devices market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).

All country based analysis of the respiratory care devices market is further analysed based on maximum granularity into further segmentation. On the basis of product, the market is segmented as therapeutic devices, monitoring devices, diagnostic devices and consumables & accessories. Indication has been segmented into COPD, sleep apnea, asthma, infectious diseases and other indications. End user has been categorized as hospitals, home care settings, ambulatory care centers and others.

Respiratory care devices are the collection of medical devices which are responsible for the provision of different types of healthcare related services such as diagnosis, treatment, monitoring and other forms of associated services. The major products under this category are designed for the treatment/control of asthma, COPD, and other majorly prevalent respiratory disorders.

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Key Pointers Covered in the Respiratory Care Devices Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Chart Industries
  • DeVilbiss Healthcare LLC
  • Drägerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare Limited
  • Medtronic
  • Koninklijke Philips N.V.
  • GlaxoSmithKline plc
  • ResMed
  • BD
  • Hamilton Medical
  • Masimo
  • Air Liquide
  • Getinge AB
  • Abbott
  • 3M
  • AstraZeneca
  • MicroAire Surgical Instruments, LLC
  • Smith+Nephew

Above are the key players covered in the report to know about more and exhaustive list of respiratory care devices companies, contact us

Research Methodology: Global Respiratory Care Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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