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2019 Respiratory Devices Market Shows Important Factors of Industry, Top Countries, Leading Manufacturers, Regional Analysis Forecast to 2024

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Respiratory Devices

Respiratory Devices Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Respiratory Devices Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Respiratory Devices Market.

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Key Insights of Respiratory Devices Market:

  • Complete in-depth analysis of the Respiratory Devices
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • The rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases remains the major driver of the industry. Chronic respiratory diseases are chronic diseases that affect the airways and other parts of the lungs. Respiratory symptoms are among the major causes of consultation with doctors and physicians in primary health care centers. Some of the major preventable chronic respiratory disorders are asthma, chronic obstructive pulmonary disease (COPD), allergic rhinitis, sleep apnea, and tuberculosis (principally, multi-drug resistant tuberculosis). Chronic respiratory diseases affect more than one billion people, globally, as per the Global Asthma report, 2018. Asthma is one of the largest contributors to this figure, affecting children, adults, and elderly people. There is a high prevalence of severe asthma in the emerging markets of MEA and Latin America, compared to the mid-range prevalence in North America, Europe, and Asia-Pacific. Furthermore, according to WHO estimates, in 2016, around 600,000 new cases of rifampicin-resistant (RR) TB were reported, globally, while the number of new cases of multidrug-resistant (MDR) TB, in 2016, was estimated to be around 490,000. These diseases, along with other respiratory diseases, such as pneumonia and lung cancer, have been the major causes for the rise in the hospitalization rates, especially in the low and middle-income countries. Thus, with these factors, the adoption rate and demand for respiratory diseases are expected to grow substantially, over the forecast period.
  • Moreover, the technological advances, increasing portability, and ease of operation of devices are fueling the expansion of respiratory devices in home and alternate care settings, across the world. In addition, government and non-profit initiatives, such as the global initiative for asthma (GINA), awareness programs, and funding research studies have influenced the industry.

    Respiratory Devices Market Segmentation by Top Key Players:

  • Chart Industries Inc.
  • DeVilbiss Healthcare LLC
  • Dragerwerk AG
  • Fisher & Paykel Healthcare Ltd
  • GE Healthcare
  • GlaxoSmithKline PLC
  • Invacare Corporation
  • Koninklijke Philips NV
  • Medtronic PLC
  • ResMed Inc.

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    Scope of the Report:

  • As per the , respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia.

    Key Market Trends:

    Sleep Test Device Segment is Expected to grow fastest during the forecast period

    Home sleep testing is expected to register an exponential growth, due to the increasing availability of portable instruments, such as CleveMed’s SleepView [home sleep monitor], which integrates several studies (oximetry, position, and cardiovascular and respiratory studies). Furthermore, some of the sleep testing devices can be rented, which is resulting in the market expansion. For example, Philips Respironics’s Alice NightOne, which costs more than USD 2,999, can be rented for approximately USD 89/month. In developed countries, reimbursements are also available for in-laboratory and home sleep testing, which is expected to further fuel their adoption during the forecast period.

    North America Region Holds the Largest Market Share of Respiratory Devices Market Market Currently and is Believed to Follow the Same Trend over the Forecast Period

    North America accounts for the largest share of the market studied. This can be primarily attributed to the increasing prevalence of respiratory diseases. According to the data published by the World Health Organization (WHO), the Global Burden of Disease Study reported a prevalence of 251 million cases of Chronic Obstructive Pulmonary Disease (COPD) globally in 2016. The presence of major players in the region, such as GE Healthcare, Medtronic, and ResMed Inc., are also augmenting the growth of the market.

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    Respiratory Devices Market Covers Following Points in TOC:

    • Chapter 1: Respiratory Devices Market Definition
    • Chapter 2: Research Methodology of Respiratory Devices Market
    • Chapter 3: Respiratory Devices Market Executive Summary
    • Chapter 4: Respiratory Devices Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Respiratory Devices Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Respiratory Devices Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Respiratory Devices Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Respiratory Devices Market

     

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