The market will be growing at the rate of 8% owing to active innovation alongside inorganic growth strategies, says a report by Ken Research
1. Increasing demand for market innovation in respiratory Devices market is driving companies to seek innovation in their new launches.
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Technology and improvements in artificial intelligence have dramatically changed the healthcare sector. Various market players are investing and innovating in the advancement of Respiratory Devices. For instance, in November 2022, Xplore Health Technologies launched a first-of-its-kind respiratory muscle training (RMT) device called Airofit Pro. The product comes from a collaboration with Airofit, Denmark. It was one of the first data-driven smart respiratory training systems and is priced at USD 422.74 (Rs 34,990). Airofit Pro personalizes the breathing training experience for users and makes their respiratory muscles stronger, faster, and more efficient. Therefore, with such technological advancements in respiratory Devices, the market is expected to grow over the forecast period.
2. Increasing adoption of inorganic growth strategies are driving the market for respiratory Devices all around the globe.
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Increasing adoption of inorganic growth strategies such as product launches by key market players is expected to drive the global respiratory Devices market during the forecasted period. For instance, in Jan 2020, ICU Medical Inc., a medical device company, announced that it launched Portex, a PVC tracheostomy tube, which is used to facilitate the administration of positive pressure ventilation to provide a patent airway in patients prone to upper airway obstruction. These growth strategies are poised to pave way for innovation & drive the market towards growth.
Major Players Mentioned in the Report:
Indonesia Freight Forwarding Market
• Lotte Global Logistics
• Bollore Logistics
• Pancaran Group
• Samudera Shipping
• Hiba Group
• Ironbird Logistics
Indonesia Warehousing Market
• Punnar Logisitcs
Indonesia CEP Market
• J&T Express
• Ninja Express
Key Target Audience - Organizations and Entities Who Can Benefit by
Subscribing This Report:
• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities
Time Period Captured in the Report:
• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2021-2027
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
This release was published on openPR.