Global Respiratory Care Devices Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.Biz delivers in-depth insights in its report titled, “Global Respiratory Care Devices Market Trends, Applications, Analysis, Growth, and Forecast to 2027". The global respiratory care devices market is estimated to register a value X.X% CAGR during the forecast period. The report offers in-depth insights, revenue details, and other vital information regarding the global respiratory care devices market, including the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the global market, and their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, market footprint, and opportunities. The global respiratory care devices market report has been segmented on the basis of device type, disease/disorder, end-user, and region.

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Respiratory disease includes any diseases and disorders of the airway and lungs that affect human respiration. Respiratory care devices help in the removal of mucus from the respiratory airway and improve pulmonary function.

Factors such as high prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), tuberculosis, asthma and pneumonia, rising urbanization and pollution levels, increasing incidence of pre-term births, increasing geriatric population, high prevalence of smokers, and changing lifestyle are fueling the growth of global respiratory care devices market. In addition, rising demand for cutting-edge technologies, increasing per capita income and rising demand for respiratory devices in private sector hospitals and clinics, are other factors attributed to market growth.

However, lack of awareness about respiratory conditions is resulting in a large volume of the global population going underdiagnosed and undertreated. Harmful effects of certain respiratory care devices on neonates, high costs associated with the purchase and operation, and increasing sophistication of devices are other major challenges in the market.

In 2015, therapeutic devices segment accounted for largest revenue share in the global respiratory care devices market. Factors contributing to market growth include increasing tobacco smoking globally and rising pollution levels. Among the end user segments, the hospitals segment accounted for largest revenue share contribution to the global respiratory care devices market the same year. Growth of this segment is attributed to increasing investments by hospitals to purchase high-priced instruments as well as rising availability of trained professionals to operate respiratory care devices.

North America market dominates the global respiratory care devices market and is expected to continue its dominance during the forecast period owing to increasing geriatric population and increasing respiratory disorders such as sleep apnea, asthma, lung cancer, and Chronic Obstructive Pulmonary Disorder. Asia Pacific market is expected to register high growth rates during the forecast period.

Global respiratory devices market is segmented and further sub-segmented as follows:

Global respiratory care devices market segmentation, By Product/Device:

• Therapeutic Devices
  • Positive Airway Pressure (PAP) Devices
  • Masks
  • Oxygen Concentrators
  • Inhalers
  • Reusable Resuscitators
  • Nitric Oxide Delivery Units
  • Oxygen Hoods
  • Ventilators
  • Nebulizers
  • Humidifiers
• Monitoring Devices
  • Gas Analyzers
  • Capnographs
  • Pulse Oximeters
• Diagnostic Devices
  • Spirometers
  • Polysomnography (PSG) Devices
  • Peak Flow Meters
• Consumables & Accessories
  • Disposable Resuscitators
  • Tracheostomy Tubes
  • Nasal Cannulas
  • Disposable Masks
  • Other Consumables and Accessories

Global Respiratory care devices market segmentation, by disease/disorder:

• Chronic Obstructive Pulmonary Disease (COPD)
• Sleep Apnea
• Asthma
• Infectious Diseases
• Lung cancer
• Pulmonary fibrosis
• Pulmonary embolism
• Cystic fibrosis
• Allergies

Global Respiratory care devices market segmentation, by End User:

• Hospitals
• Home Care
• Ambulatory Care

Global Respiratory care devices market segmentation, by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

• 3M
• AstraZeneca PLC
• GE Healthcare
• GlaxoSmithKline
• Medtronic
• Philips Healthcare
• ResMed, Inc.
• Medtronic plc
• Masimo Corporation
• Fisher & Paykel Healthcare Corporation Limited