Report Overview
The Australian Respiratory Devices market size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Two major chronic respiratory diseases in Australia are chronic obstructive pulmonary disease (COPD) and asthma. With about 5,400 deaths attributed to it in 2003, COPD is a major cause of death in Australia. The rise in the prevalence of uncertain Respiratory diseases such as COVID-19 made a pavement for the requirement of respiratory ventilators. Hence these acts as a fuelling agent for the growth of the Respiratory Devices market in Australia during the forecasted period.
Market Drivers
The increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease patients (COPD), TB, asthma, etc. 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). According to the Australian Bureau of Statistics, around 2.7 million Australians (one in nine or 11.2% of the total population) had asthma in 2017-18. Thus, owing to these factors, the demand for respiratory devices is expected to grow substantially, over the forecast period.
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Major Players
The respiratory device companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition, and partnerships that help them in strengthening their market position. Market leaders with more funds for research and a better distribution system have established their position in the market, which has helped the market grow. The key players covered in the Australian Respiratory devices market are DeVilbiss Healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare & GlaxoSmithKline PLC.
The report delivers the challenges in front of the Australian Respiratory Devices Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Australian Respiratory Devicess Market including the current trends, growth opportunities, restraints, and market drivers.
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Market Segmentation
By Diagnostic and Monitoring Devices:
Based on the Diagnostic and Monitoring Devices the market is segmented as Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnography, & Other Diagnostic and Monitoring Devices. Sleep test devices are expected to register an exponential growth, due to the increasing availability of portable instruments, such as CleveMed's Sleep View [home sleep monitor], which integrates several studies (oximetry, position, and cardiovascular and respiratory studies). Also, some of the sleep testing devices can be rented, which is resulting in the market expansion and this will further fuel their adoption. Furthermore, with the increasing prevalence of respiratory disorders such as Asthma and COPD, the demand for respiratory devices is also expected to rise, which will propel the market growth, over the forecast period.
By Disposables:
Based on disposables in the respiratory devices, the market can be segmented into Masks, Breathing Circuits, & Others. The increasing prevalence of infectious diseases is expected to propel the growth of the Australian respirator masks market over the forecast period. For instance, according to the World Health Organization, coronavirus disease (COVID-19) affected many people and because of this, the usage of the respiratory mask market is prevalent in the market.
Major Players
The respiratory device companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition, and partnerships that help them in strengthening their market position. Market leaders with more funds for research and a better distribution system have established their position in the market, which has helped the market grow. The key players covered in the Australian Respiratory devices market are DeVilbiss Healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare & GlaxoSmithKline PLC.
The Australian Respiratory Devices Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Australian Respiratory Devices market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Australian Respiratory Devices Market.
International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Australian Respiratory Devices market. Each section of the research study is specially prepared to explore key aspects of the global Australian Respiratory Devices Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australian Respiratory Devices market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.
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• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.
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Strategic Points Covered in Table of Content of Global Australian Respiratory Devices Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australian Respiratory Devices market
Chapter 2: Exclusive Summary - the basic information of the Australian Respiratory Devices Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australian Respiratory Devices
Chapter 4: Presenting the Australian Respiratory Devices Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australian Respiratory Devices market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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