Respiratory Care Device Market Trends, Size, Share, Growth and Demand Forecast to 2022

Global Respiratory Care Device Market Expected to Grow at 9.5% CAGR
During 2016 – 2022
The global respiratory care device market was valued at $15,009.6 million in 2015, and it is
expected to grow at a CAGR of 9.5% during 2016 - 2022. The growth of the global market is
largely driven by rapid urbanization and increasing level of air pollution across the globe and
increasing prevalence of respiratory diseases. Some of the other factors driving the growth of the
global market include growing geriatric population, changing lifestyle, increasing healthcare
expenditure, and high prevalence of tobacco smoking. Increasing demand of point-of-care
diagnosis, growing demand for home care therapeutic devices and high growth in developing
countries in respiratory care device are expected to create ample opportunities for the
manufacturers of respiratory care device. However, lack of awareness, reimbursement concerns
and harmful effect of respiratory care device on neonatal are hampering the growth of the global
respiratory care device market.
Explore Report with Detailed TOC at: https://www.psmarketresearch.com/marketanalysis/respiratory-care-devices-market
Respiratory system delivers oxygen to the body and removes carbon dioxide, regulates
temperature, and eliminates toxic waste. Chronic obstructive pulmonary disease (COPD), lung
cancer, asthma, infections such as tuberculosis, pneumonia, and influenza are some of the major
lung diseases. Respiratory care is focused on prevention, diagnosis, assessment, treatment,
management, control, and care. These devices help to improve pulmonary function and improve
lung oxygenation.
North America accounted for the largest share in the global market in 2015, owing to the growing
geriatric population, increasing healthcare expenditure, and increasing prevalence of respiratory
diseases in the region. The U.S. contributed largest revenue to the North American as well as
global respiratory device market. The increasing prevalence of respiratory disease, growing
geriatric population and high prevalence of tobacco smoking are the key driving factor of the U.S.
respiratory care device.
The information and data in the publication “Global Respiratory Care Device Market Size,
Share, Development, Growth and Demand Forecast to 2022”, represents the research and
analysis of data from various primary and secondary sources. An amalgamation of bottom-up and
top-down has been used to calculate the market size. P&S Market Research analysts and
consultants interacted with leading companies of the concerned domain to substantiate every value
of data presented in the report. The company bases its primary research on discussions with
© P&S Market Research. All rights reserved 2