Global Respiratory Care Devices Market, By Product (Therapeutic Devices, Monitoring Devices, Consumables and Accessories), End User (Hospitals, Homecare Settings), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Respiratory care devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.1% in the forecast period of 2021 to 2028 and is expected to reach USD 10.37 billion by 2028. The growing number of clinical trials will help in escalating the growth of the healthcare analytical testing services market. The increasing prevalence of respiratory diseases and demand for advanced portable devices is escalating the growth of respiratory care devices market.
Respiratory care device refer to medical equipment which is used for the diagnostic, management, care, control, treatment and evaluation of patients with cardiopulmonary abnormalities. These are utilized in the cases of degenerative lung diseases including asthma, emphysema, chronic bronchitis, chronic and acute respiratory diseases.
The increase in number of patients suffering from chronic pulmonary obstructive diseases is one of the major driving factors of the respiratory care devices market. Cases of respiratory disease are increasing among population across the globe due to smoking, vehicular smoke emissions and industrialization which rises the demand for respiratory care devices. Growing incidences of preterm birth increase in urbanization and pollution and changing environment and lifestyle of people influence the market. Additionally, the rise in the number of elderly people coupled with presence of a strong pipeline of products awaiting approval affect the respiratory care devices market. Furthermore, the rising demand for home care therapeutic devices because of their easy to use feature and initiatives by the government extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the excessive tax on the devices and risks associated with the therapeutic devices for neonates are factors expected to obstruct the market growth. The lack of awareness about the devices among people is a factor challenging the respiratory care devices market in the forecast period of 2021-2028.
This respiratory care devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on respiratory care devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Respiratory Care Devices Market Scope and Market Size
Respiratory care devices market is segmented on the basis of product and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market application.
- On the basis of product, the respiratory care devices market is segmented into therapeutic devices, monitoring devices, consumables and accessories. Therapeutic devices are further segmented into positive airway pressure (PAP) devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, capnographs, gas analyzers and oxygen hoods. Positive airway pressure (PAP) devices are further sub-segmented into continuous positive airway pressure (CPAP) devices, automatic positive airway pressure (APAP) devices and bi-level positive airway pressure (BPAP) devices. Masks are further sub-segmented into nasal masks, full-face masks, nasal pillow masks and oral masks. Ventilators are further sub-segmented into adult ventilators and infant/neonatal ventilators. Oxygen concentrators are further sub-segmented into fixed oxygen concentrators and portable oxygen concentrators. Inhalers are further sub-segmented into dry powder inhalers, metered dose inhalers and soft mist inhaler. Reusable resuscitators are further sub-segmented into adult resuscitators and infant/neonatal resuscitators. Monitoring devices are further segmented into pulse oximeters and diagnostic devices. Pulse oximeters are further sub-segmented into pediatric pulse oximeters, wrist-worn pulse oximeters, handheld oximeter, fingertip pulse oximeter and table-top/bedside pulse oximeters. Diagnostic devices are further sub-segmented into spirometers, polysomnography (PSG) devices and peak flow meters. Consumables and accessories are further segmented into disposable resuscitators, tracheostomy tubes, nasal cannulas, disposable masks and other consumables and accessories.
- On the basis of end-users, the respiratory care devices market is segmented into hospitals and homecare settings.
Global Respiratory Care Devices Market Country Level Analysis
Respiratory care devices market is analyzed and market size insights and trends are provided by country, product and end-users as referenced above.
The countries covered in the respiratory care devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the respiratory care devices market because of the enhanced diagnosis and favorable reimbursement policies in the region. Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028 due to the increasing level of pollution in the developing nation and the initiatives by the countries such as India and China.
The country section of the respiratory care devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Respiratory care devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for the respiratory care devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the respiratory care devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Respiratory Care Devices Market Share Analysis
Respiratory care devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to respiratory care devices market.
The major players covered in the respiratory care devices market report are Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., GENERAL ELECTRIC COMPANY, Getinge AB., Inogen, Inc., Masimo., Medtronic, Koninklijke Philips N.V., ResMed, VYAIRE., 3B Medical Inc., Airon Corporation, alpha trace medical systems, APEX MEDICAL CORP., Besco Medical, Bio-Med Devices, BPL Medical Technologies, CAIRE Inc., Teleflex Incorporated, Nonin., Precision Medical, Inc., Servona GmbH, Flight-Medical Innovations Ltd., CONTEC MEDICAL SYSTEMS CO.,LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Respiratory Care Devices Market
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