© Copyright Nostre Net
Market Scenario
The global Respiratory Care Devices Market 2020, according
to MRFR, is slated to register significant growth at 10.1% CAGR during the assessment
period (2018–2023).
Market Highlights
The increase in the industry is attributed to the rising
frequencies of asthma, and chronic pulmonary disorders, among others. As they
have evolved from stationary to portable, these machines can be used in
hospitals and in-house treatment environments.
Factors such as the mounting prevalence of respiratory
diseases, rising geriatric population, urbanization and its negative
consequences, and environmental and behavioral improvements are driving
business growth. Growing demand for point-of - care diagnostic devices in
developed regions is projected to create new opportunities for players respiratory
care devices market.
On the other hand, the lack of understanding of respiratory
issues, strong competition, and the expense of the system and respiratory
surgery impede business development. In fact, a lack of understanding, leading
to a significant under-diagnosed and under-treated population coupled with the adverse
effects of some respiratory treatment products on neonates have hindered the
market expansion to a certain extent.
Get Sample Report
@ https://www.marketresearchfuture.com/sample_request/6517
Competitive Dashboard
Some of the major players in the global respiratory care
devices market are Drägerwerk AG & Co. KGaA (Germany), ResMed, Inc. (US),
Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Corporation
Limited (New Zealand), Dickinson and Company (US), Medtronic plc (Ireland),
Masimo Corporation (US), and Becton, Chart Industries, Inc. (US), and Hamilton
Medical AG (Switzerland).
Segmental Analysis
The global respiratory care devices market has been analyzed
on the basis of accessories and consumables, diagnostic devices, therapeutic
devices, application, monitoring devices, and end-use industries.
Based on therapeutic devices, the market has been divided as
nitric oxide delivery units, oxygen concentrators, pap devices, masks,
ventilators, reusable resuscitators, nebulizers, humidifiers, inhalers, and
oxygen hoods.
Based on monitoring devices, the market has been segmented
as pulse oximeters, pulse oximeter equipment, capnographs, pulse oximeter
sensors, and gas analyzers.
The diagnostic devices segment of the market comprises peak
flow meters, polysomnography (PSG) devices, spirometers, and other diagnostic
devices.
The accessories and consumables segment of the market includes
disposable resuscitators, disposable masks, nasal cannulas, tracheostomy tubes,
and other consumables and accessories.
The application-based segmention of the market consists of infectious
diseases, sleep apnea, asthma, chronic obstructive pulmonary disease (COPD),
and other diseases.
The end-users-based segmentation of the market comprises hospitals,
ambulatory care, clinics, home care, and others.
Regional Overview
On the demand for respiratory care products, North America
is projected to account for the highest market share due to the early
introduction of new medical equipment, increasing recognition, improved
healthcare industry growth and attractive pay for certain surgical procedures.
The second highest market share is expected to be retained
by the European industry. The growth of the market in this area can be due to
the growing incidence of diabetic patients, an rising increase of surgeries and
the growing demand for advanced care procedures.
Due to the most prevalent causes of respiratory disease and
mortality including cigarette smoking, illnesses, and air pollution, the
Asia-Pacific market is projected to be the fastest growing segment in the short
term. Factors including access to appropriate care centers, improved
penetration rates, increased disposable income and increasing medical tourism
help fuel the fastest growing region. The government and NGOs are taking
various steps to disseminate public information and environmental protection
over the prevention and treatment of respiratory diseases.
The Middle East and African economies are projected to
account for the smallest share of the overall demand for respiratory devices
due to underdeveloped healthcare system, lack of technological expertise and
inadequate medical facilities.
Browse Complete
Report Details @ https://www.marketresearchfuture.com/reports/respiratory-care-devices-market-6517
About US:
Market Research Future (MRFR), enable
customers to unravel the complexity of various industries through Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
The Wall