According to the recent research report titled ‘Global Respiratory Care Devices Market: Analysis By Product, By Indication, End User, Diagnostic and Monitoring Type, Therapeutic, Consumables and Disposable, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)’, available with Market Study Report, global respiratory care devices market is expected to grow substantially over 2014-2024, registering a y-o-y growth rate of 10.06% throughout.
 

Rising burden of various respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea, coupled with expanding geriatric population who are more prone to chronic illness are the major growth drivers of global respiratory care devices market. In addition, rising air pollution and smoking prevalence among youth as well as adults are influencing the industry growth.
 

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Based on product type, global respiratory care devices market is divided into consumables & disposables, therapeutic devices, monitoring devices, and diagnostic devices. The therapeutic devices segment has witnessed considerable growth in the recent past owing to surging healthcare expenditure, increasing pervasiveness of COPD disorders, and growing production of technically advanced positive airway pressure (PAP)devices.
 

Speaking of diagnostic type, global respiratory care devices market is fragmented into diffusion systems, spiro meters, and others. Whereas, monitoring type segmentations include gas analyzers, capnograph, and pulse oximeter. Moving on to therapeutic type, the market is divided into oxygen concentrators & humidifiers, inhalers, nebulizers, PAP devices, and others. Based on indication type, the market is bifurcated into sleep apnea infectious disorders, COPD, and others. Speaking of end users, the market is divided into home care, hospitals, and others.
 

From the regional perspective, worldwide respiratory care devices market is split into North America, Asia Pacific, Europe, and Rest of the World. As per the report, North America held majority market share in the year 2018. Factors such as increasing elderly population, high adoption rate of advanced respiratory care devices, favorable regulatory norms, and presence of a well-established healthcare infrastructure are positively impacting the market outlook in the region.

Major players in global respiratory care devices market are Medtronic plc, Invacare Corporation, General Electric Healthcare, Masimo Corporation, Hamilton Medical AG, Fisher & Paykel Healthcare Corp. Ltd., ResMed, and Koninklijke Philips N.V.