Respiratory Devices Market - Global Trends and forecast till 2025

REPORT DESCRIPTION
Respiratory Devices Market – Overview
Respiratory Devices Market – Breathing Life into Critically ill Patients
Respiratory devices are used to mechanically supply respiratory gas or oxygen to the patients with impaired respiratory
function. The currently available innovative respiratory devices automatically adjust inhalations and exhalations according to
the patient’s requirement. The devices are also available in various versions such as emergency respiratory devices for rescue
application, long-term respiratory devices for intensive care, and mobile home respiratory devices.
The global respiratory devices market was valued at US$ 15,143.2 million in 2016 and is expected to witness a robust CAGR of
8.8% over the forecast period (2017 – 2025).
Increasing prevalence of chronic respiratory diseases such as asthma, chronic pulmonary lung disease, pulmonary hypertension, and
occupational lung disease are the major factors augmenting growth of the respiratory devices market, owing to the pronounced need of
therapeutic respiratory devices in the medical as well as in the homecare settings. According to the World Health Organization (WHO),
in 2017, asthma is a major non communicable disease with an estimated 235 million people suffering from the condition. According to
the American Academy of Allergy Asthma and Immunology, 2015, an estimated number of people suffering from asthma is expected to
increase by more than 100 million by 2025. North America is expected to dominate the respiratory devices market, owing to increasing
number of hospitalizations and emergency visits associated with acute or life threatening medical problems. According to the study by
Society of Critical Care Medicine 2016, more than 5.7 million patients are admitted annually to intensive care units (ICUs) in the U.S.
for support of airway, breathing or circulation, and comprehensive management of injury.
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