PRESS RELEASE
Published June 16, 2023
Data Bridge Market research has a newly released expansive study titled “Global Respiratory Care Devices Market ” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.
Patients suffering from acute and chronic respiratory illnesses benefit from respiratory care devices. With increasing age, the respiratory system undergoes significant anatomical, physiological, and immunological changes. The structural abnormalities, which include deformities in the chest wall and thoracic spine, hinder the respiratory system’s function and cause breathing problems.
The therapeutic devices held the largest share of the respiratory care devices market. Data Bridge Market Research analyses that the respiratory care devices market was valued at USD 18.40 billion in 2021 and is further estimated to reach USD 36.66 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Medical equipment used for the diagnosis, management, care, control, treatment, and evaluation of patients with cardiopulmonary disorders is referred to as a respiratory care device. These are used to treat degenerative lung diseases such as asthma, emphysema, chronic bronchitis, and other chronic and acute respiratory illnesses.
Respiratory Care Devices Market Scenario
According to Data Bridge Market Research, respiratory care devices market is expected to witness market expansion caused by the growth of pre-term births taking place worldwide, high prevalence of respiratory disorders caused by the changes in lifestyles of individuals such as rising volume of tobacco consumption, increasing levels of pollution worldwide as well as the growth of geriatric and obese population levels that are more prone to suffer from chronic respiratory disorders.
Respiratory care devices are also witnessing their market expansion amid the global population suffering from chronic respiratory diseases and the preference of this population to utilize the different forms of healthcare related devices from the comfort of their homes. This trend is acting as a significant growth driver for respiratory care devices in the above-mentioned forecasted period.
Drivers
Major factors that are expected to boost the growth of the respiratory care devices market in the forecast period are as follows:
- Rise in the incidence of respiratory diseases
Demand for respiratory care is directly driven by infectious respiratory diseases. The pandemic has increased demand for personal protective equipment and ventilators, among other things will further anticipated to propel the growth of the respiratory care devices market.
Government and non-profit initiatives such as the global initiative for asthma (GINA), awareness campaigns, and research funding have all had an impact on the industry is a vital factor expected to drive the growth of the respiratory care devices market.
- Increase in the geriatric population
In recent years, the global geriatric population has grown at an unprecedented rate. Aging is linked to a progressive decline in lung function as well as an increase in the prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma which will further accelerate the growth of the market.
Recent Development
- In April 2020, The PHILIPS RESPIRONICS E30 VENTILATOR was introduced by Philips. This will allow the company to assist healthcare professionals by providing high-quality ventilators.
Some of the major players operating in the respiratory care devices market are:
- Drägerwerk AG & Co. KGaA (Germany)
- Fisher & Paykel Healthcare Limited. (New Zealand)
- General Electric Company (US)
- Getinge AB (Sweden)
- Inogen, Inc. (US)
- Masimo. (US)
- Medtronic (US)
- Koninklijke Philips N.V. (Netherlands)
- ResMed (US)
- VYAIRE. (US)
- 3B Medical Inc. (US)
- Airon Corporation (US)
- alpha trace medical systems (Austria)
- APEX MEDICAL CORP. (Taiwan)
- Besco Medical (China)
- Bio-Med Devices (US)
- BPL Medical Technologies (India)
- CAIRE Inc. (US)
- Teleflex Incorporated (US)
- Nonin. (US)
- Precision Medical, Inc. (US)
- SERVONA GmbH (Germany)
- Flight-Medical Innovations Ltd. (Israel)
- CONTEC MEDICAL SYSTEMS CO.,LTD (China)
To Gain More Insights into the Market Analysis, Browse Summary of the Research [email protected] www.databridgemarketresearch.com/reports/global-respiratory-care-devices-market?Shri
Core Objective of the Respiratory Care Devices Market :
Every firm in the Respiratory Care Devices Industry has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Respiratory Care Devices Market Size and growth rate factors.
- Important changes in the future Respiratory Care Devices Market
- Top worldwide competitors of the Market.
- Scope and product outlook of Respiratory Care Devices Market
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in the Market.
- Global Respiratory Care Devices Market top manufacturers profile and sales statistics.
Global Respiratory Care Devices Market Scope and Market Size
The respiratory care devices market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Therapeutic Devices
- Monitoring Devices
- Consumables
- Accessories
On the basis of product, the respiratory care devices market is segmented into therapeutic devices, monitoring devices, consumables and accessories. Therapeutic devices has been further sub segmented into positive airway pressure (PAP) devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, capnographs, gas analyzers and oxygen hoods. Positive airway pressure (PAP) devices devices has been further sub segmented into continuous positive airway pressure (CPAP) devices, automatic positive airway pressure (APAP) devices and bi-level positive airway pressure (BPAP) devices. Masks devices has been further sub segmented into nasal masks, full-face masks, nasal pillow masks and oral masks. Ventilators devices has been further sub segmented into adult ventilators and infant/neonatal ventilators. Oxygen concentrators devices has been further sub segmented into fixed oxygen concentrators and portable oxygen concentrators. Inhalers devices has been further sub segmented into dry powder inhalers, metered dose inhalers and soft mist inhaler. Reusable resuscitators devices has been further sub segmented into adult resuscitators and infant/neonatal resuscitators. Monitoring devices are further segmented into pulse oximeters and diagnostic devices. Pulse oximeters devices has been further sub segmented into pediatric pulse oximeters, wrist-worn pulse oximeters, handheld oximeter, fingertip pulse oximeter and table-top/bedside pulse oximeters. Diagnostic devices devices has been further sub segmented into spirometers, polysomnography (PSG) devices and peak flow meters. Consumables and accessories devices has been further sub segmented into disposable resuscitators, tracheostomy tubes, nasal cannulas, disposable masks and other consumables and accessories.
End User
- Hospitals
- Homecare Settings
On the basis of end user, the respiratory care devices market is segmented into hospitals and homecare settings.
Browse the complete table of contents at – www.databridgemarketresearch.com/toc/?dbmr=global-respiratory-care-devices-market&Shri
Top DBMR Healthcare Reports:
North America Respiratory care devices market, By Product (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories), Indication (Chronic Obstructive Pulmonary Disease (COPD), Sleep Apnea, Asthma, Infectious Diseases, Other Indications), End User (Hospitals, Home Care Settings, Ambulatory Care Centers), Country (U.S., Canada, Mexico,) Industry Trends and Forecast to 2028. www.databridgemarketresearch.com/reports/north-america-respiratory-care-devices-market
Respiratory Care Devices Market, By Indication (Chronic Obstructive Pulmonary Disease (COPD), Sleep Apnea, Asthma, Infectious Diseases, Other Indications), Product (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables and Accessories), End User (Hospitals, Home Care Settings, Ambulatory Care Centers), Country (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey Ukraine and Rest of Europe) Industry Trends and Forecast to 2028. www.databridgemarketresearch.com/reports/europe-respiratory-care-devices-market
www.databridgemarketresearch.com/reports/asia-pacific-respiratory-care-devices-market
www.databridgemarketresearch.com/news/global-respiratory-care-devices-market
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