Respiratory Care Devices Market Size, Share, Development, Growth and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT:
Respiratory Care Devices Market Size, Share, Development, Growth and
Demand Forecast to 2020

Global Respiratory Care Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
The global respiratory care devices market is growing significantly due to increasing demand for home healthcare
in the industry. Massive unexplored market in respiratory care devices industry of developing economies are
creating ample opportunities for the respiratory care devices market to grow at a considerable rate in the coming
years. The advanced research and development facilities and new product developments by the companies are
accelerating the demand for cost effective healthcare in the respiratory care devices industry.
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Respiratory diseases are one of the common causes of deaths worldwide. According to American Academy of
Allergy Asthma and Immunology, it is expected that in the U.S. people suffering from asthma will reach
approximately more than 100 million by 2025. In addition, according to National Heart, Lung and Blood Institute,
in 2010, approximately 235,000 deaths are caused due to lung diseases excluding lung cancer. Increasing
susceptibility of air borne diseases will further enhance the growth of respiratory care devices market. These
devices help to remove mucous during respiratory therapy, improve pulmonary function and improve lung
oxygenation
On the basis of type of devices, the respiratory care devices market can be categorized as respiratory care
therapeutic devices, respiratory care monitoring devices and disposables, respiratory care diagnostic devices and
preterm respiratory care devices. Respiratory care therapeutic devices are further categorized as positive airway
pressure devices, humidifiers, nebulizers, oxygen concentrators, ventilators, reusable resuscitation, respiratory
inhalers, and others. Respiratory care monitoring devices and disposables include pulse oximeter, capnographs,
gas analyzers, disposable oxygen mask, disposable resuscitators, oxygen cannulae, tracheostomy tubes and
others. Whereas, the respiratory care diagnostic devices include spirometer, peak flow meters, polysomnography
devices and others.
The preterm respiratory care devices market can be categorized as resuscitators, infant ventilators, oxygen hood
and others. The respiratory care therapeutic devices segment leads the respiratory care devices market. By
respiratory care therapeutic devices category, the positive airway pressure devices lead the respiratory care
devices market, due to technological advancement such as high battery life and easy portability. The spirometers
lead the respiratory care devices market under the respiratory care diagnostic devices category.
Some of the factors driving the growth of global respiratory care devices market are rise in geriatric population,
increasing prevalence of respiratory diseases, increasing healthcare expenditure, and increasing number of
smokers. However, complicated reimbursement process and strict regulatory framework for the approval of
devices are some of the factors restraining the growth of the respiratory care devices market to some extent.
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Global Respiratory Care Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
Geographically, North America will be leading the global respiratory care devices market in the coming years, due
to increasing prevalence of chronic obstructive pulmonary diseases (COPD) and technological advancement in
the respiratory care devices. Moreover, Asia-Pacific is the fastest growing region in the global respiratory care
devices market. The major reasons for the fastest growth in the region are increasing healthcare expenditure,
improving healthcare infrastructure, increasing awareness of respiratory diseases, and large pool of patients in
the region. Moreover, the respiratory care devices market is growing due to increasing awareness of healthcare in
the emerging countries, such as India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the respiratory care devices market are AirSep Corporation, Drager Medical
Gmbh, Allied Healthcare Products, CareFusion Corporation, Compumedics Ltd., DeVilbliss Healthcare, Covidien,
Inc., Philips Healthcare, Resme, Inc., Hamilton Medical AG, Invacare Corporation, and Maquet Gmbh.
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