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Global Respiratory Devices Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Respiratory Devices

The report focuses on the favorable Global “Respiratory Devices market” and its expanding nature. The Respiratory Devices market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases 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). Chronic respiratory diseases affect more than one billion people, globally, as per the Global Asthma report, 2018. Asthma is one of the largest contributors to this figure, affecting children, adults, and elderly people. There is a high prevalence of severe asthma in the emerging markets of MEA and Latin America, compared to the mid-range prevalence in North America, , and Asia-Pacific. Furthermore, according to WHO estimates, in 2016, around 600,000 new cases of rifampicin-resistant (RR) TB were reported, globally, while the number of new cases of multidrug-resistant (MDR) TB, in 2016, was estimated to be around 490,000. These diseases, along with other respiratory diseases, such as pneumonia and lung cancer, have been the major causes for the rise in the hospitalization rates, especially in the low and middle-income countries. Thus, with these factors, the adoption rate and demand for respiratory diseases are expected to grow substantially, over the forecast period.
  • Moreover, the technological advances, increasing portability, and ease of operation of devices are fueling the expansion of respiratory devices in home and alternate care settings, across the world. In addition, government and non-profit initiatives, such as the global initiative for asthma (GINA), awareness programs, and funding research studies have influenced the industry.

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    Key Manufacturers

  • Chart Industries Inc.
  • DeVilbiss Healthcare LLC
  • Dragerwerk AG
  • Fisher & Paykel Healthcare Ltd
  • GE Healthcare
  • GlaxoSmithKline PLC
  • Invacare Corporation
  • Koninklijke Philips NV
  • Medtronic PLC
  • ResMed Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Respiratory Devices market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Respiratory Devices market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Respiratory Devices market have also been involved in the study.

    Scope of the Report:

  • As per the , respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia.

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    TOC of Respiratory Devices Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Respiratory Devices market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Respiratory Devices Market Report Covered:

    • The report analyses how Respiratory Devices market will grow in the future.
    • Analyzing various perspectives of the Respiratory Devices market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Respiratory Devices market shares and policies employed by the major market players.
    • Competitive landscape including the Respiratory Devices market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Respiratory Devices market players

    Key Market Trends:

    Sleep Test Device Segment is Expected to grow fastest during the forecast period

    Home sleep testing is expected to register an exponential growth, due to the increasing availability of portable instruments, such as CleveMed’s SleepView [home sleep monitor], which integrates several studies (oximetry, position, and cardiovascular and respiratory studies). Furthermore, some of the sleep testing devices can be rented, which is resulting in the market expansion. For example, Philips Respironics’s Alice NightOne, which costs more than USD 2,999, can be rented for approximately USD 89/month. In developed countries, reimbursements are also available for in-laboratory and home sleep testing, which is expected to further fuel their adoption during the forecast period.

    North America Region Holds the Largest Market Share of Respiratory Devices Market Market Currently and is Believed to Follow the Same Trend over the Forecast Period

    North America accounts for the largest share of the market studied. This can be primarily attributed to the increasing prevalence of respiratory diseases. According to the data published by the World Health Organization (WHO), the Global Burden of Disease Study reported a prevalence of 251 million cases of Chronic Obstructive Pulmonary Disease (COPD) globally in 2016. The presence of major players in the region, such as GE Healthcare, Medtronic, and ResMed Inc., are also augmenting the growth of the market.

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    Study objectives of Respiratory Devices Market Report:

    • To provide a detailed analysis of the market structure along with the Respiratory Devices market forecast of various segments and sub-segments of the Respiratory Devices market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Respiratory Devices market trends that influence the global Respiratory Devices market

    Detailed TOC of Respiratory Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea
    4.2.2 Technological Advancements and Increasing Applications in Homecare Setting
    4.3 Market Restraints
    4.3.1 High Cost of Devices
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 By Diagnostic and Monitoring Devices
    5.1.1.1 Spirometers
    5.1.1.2 Sleep Test Devices
    5.1.1.3 Peak Flow Meters
    5.1.1.4 Pulse Oximeters
    5.1.1.5 Capnographs
    5.1.1.6 Other Diagnostic and Monitoring Devices
    5.1.2 By Therapeutic Devices
    5.1.2.1 CPAP Devices
    5.1.2.2 BiPAP Devices
    5.1.2.3 Humidifiers
    5.1.2.4 Nebulizers
    5.1.2.5 Oxygen Concentrators
    5.1.2.6 Ventilators
    5.1.2.7 Inhalers
    5.1.2.8 Other Therapeutic Devices
    5.1.3 By Disposables
    5.1.3.1 Masks
    5.1.3.2 Breathing Circuits
    5.1.3.3 Other Disposables
    5.2 Geography
    5.2.1 North America
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2
    5.2.2.1 Germany
    5.2.2.2 UK
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Chart Industries Inc.
    6.1.2 DeVilbiss Healthcare LLC
    6.1.3 Dragerwerk AG
    6.1.4 Fisher & Paykel Healthcare Ltd
    6.1.5 GE Healthcare
    6.1.6 GlaxoSmithKline PLC
    6.1.7 Invacare Corporation
    6.1.8 Koninklijke Philips NV
    6.1.9 Medtronic PLC
    6.1.10 ResMed Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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