Global Respiratory Care Devices Market to expand with over 10% CAGR through 2024

November 08, 2019


According to the latest study titled ‘Global Respiratory Care Devices Market: Analysis By Product (Diagnostic, Monitoring, Therapeutic Devices, Consumables and Disposables), By Indication (COPD, Asthma, Sleep Apnea, Infectious Disorders), End User (Hospital, Home Care), Diagnostic and Monitoring Type, Therapeutic, Consumables and Disposable, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)’ available with Market Study Report LLC, the global respiratory care devices market is estimated to grow with a CAGR of 10.06% during the period of 2019-2024.  
 

Respiratory care devices are used to provide care to patients suffering from chronic respiratory diseases. Factors such as rising pollution, urbanization, changing lifestyle, and prevalence of respiratory diseases caused due to smoking are some of the major drivers propelling the growth of respiratory care devices market.
 

The study examines the market for revenue shares of each segment and offers growth value. It identifies and analyses the emerging trends along with drivers, challenges and growth opportunities prevailing in respiratory care devices market.
 

Based on product type, respiratory care devices market is segmented into monitoring devices, diagnostic devices, therapeutic devices, consumables and disposables. While based on diagnostic device type, the industry is divided into diffusion systems, spiro meters, and others. Speaking of monitoring device type, the respiratory care devices market is split into capnograph, pulse oximeter, and gas analyzers. Considering the therapeutic device type, the industry is segmented into nebulizers, PAP device, oxygen concentrators, inhalers, and humidifiers.
 

Additionally, based on consumables and disposable type, the respiratory care devices market is divided into filters and others. In terms of indication, the industry is segmented into asthma, COPD, sleep apnea, and infectious disorders. Whereas, based on end-user spectrum, the industry is divided into homecare, hospitals, and others.
 

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Considering the geographical landscape, the respiratory care devices market is fragmented into four major regions, namely, Europe, North America, APAC and rest of the world. As per the report, North America exhibited dominance over the global respiratory care devices market in 2018, owing to supportive government regulations, advanced medical infrastructure, and increasing geriatric population in the region.
 

Some of the vendors that operate in respiratory care devices market are ResMed, Philips Group, Hamilton Medical AG, Fisher & Paykel Healthcare, General Electric Healthcare, Masimo Corporation, Medtronic, and Invacare Corporation.


Frequently Asked Questions (FAQ) :

Factors such as rising pollution, urbanization, prevalence of respiratory diseases caused due to intake of tobacco or smoking, changing lifestyle are the major factors propelling the growth of global respiratory care devices market.
Based on product type, the respiratory care devices market is segmented into monitoring devices, diagnostic devices, therapeutic devices, consumables and disposables. While, considering the indication type, the industry is segmented into asthma, COPD, sleep apnea, infectious disorders, and others. And on the basis of end-user spectrum, the market is divided into homecare, hospitals, and others.
The global respiratory care devices market is estimated to grow with a CAGR of 10.06% through the year 2024.
Companies that operate in respiratory care devices market are ResMed, Philips Group, Hamilton Medical AG, Fisher & Paykel Healthcare, General Electric Healthcare, Masimo Corporation, Medtronic, and Invacare Corporation.