Respiratory Care Devices Market: Overview
Care Devices Market reached to US$ 18,714 million in 2018, anticipated to
propel to US$27,063 million by 2025 with a significant CAGR of over 8% in the
forecast period of 2019-2025. Respiratory treatment is a medicinal strength
concentrated on the treatment, demonstrative assessment, control, and care of
patients with lacks of the cardiopulmonary framework. The device used for the
treatment, control, management, and prevention of cardiopulmonary disorder is
known as respiratory care devices. These devices are utilized in degenerative
lung infections, for example, emphysema and bronchitis, asthma, and intense and
chronic respiratory illnesses.
Respiratory Care Devices Market Forecast and Trends
The Respiratory Care Devices market anticipated
reaching significant growth, with a considerable CAGR of 8.7%. Factors such as
rising urbanization, the prevalence rate of respiratory diseases, and an increasing
number of aged population coupled with a high patient base of chronic disorders
are contributing to increasing demand for respiratory care devices in the
global market during the forecast period of 2019-2025. Technological
advancement in the healthcare sector, coupled with increasing healthcare
expenditure anticipated to dominate the global market in the upcoming years.
The rising demand for homecare setting services for point-of-care therapeutic
devices and rising affordability of easy to use respiratory care devices
equipped with the latest technology expected to propel the global respiratory
care devices market in the upcoming years with a significant growth rate.
rising prevalence rate of geriatric population & change in lifestyle
Growing urbanization, changing lifestyles, and food
habits, coupled with an increasing number of geriatric population is the key
factor anticipated to propel the growth of the global respiratory care device
market. The rising rate of the geriatric population expected to rise the demand
for homecare –setting facilities in the market. The changing food habits such
as the preference of junk food over healthy food leads to several chronic and
other therapeutic disorders and expected to contribute to the global market
during the forecast period of 2019-2025.
pollution rate coupled with tobacco consumption
Deforestation, CO2 emission, etc. are the key factors
responsible for environmental pollution, which is directly linked to rising the
demand of smart pulse oximeters in the respiratory care device market for the
estimation of SaO2 using an algorithm, and displaying the readout. Rising
disposable income coupled with smoking habits responsible for deformities in
the chest wall and thoracic spine, impair the functioning of the respiratory
system and lead to complications in breathing developing the demand of
respiratory care device in-home care setting and expected to follow the same
trend in the upcoming years.
of low-cost product and unfavorable reimbursement scenario
The presence of unorganized players in the global
respiratory care devices market promotes a low-cost product, which anticipated
as the key reason to hamper the growth in the forecast period. Unfavorable
reimbursement policies expected to become the restrain to avail high-cost
respiratory care devices in the market during the forecast period of 2019-2025.
The side effects linked with the low-cost product in the case of neonatal are
one of the factors expected to hamper the market growth in upcoming years.
Respiratory Care Devices Market: Product
Based on the product, the global respiratory care
devices market segmented into therapeutic devices, monitoring devices,
diagnostic devices, and consumables & accessories. In session 2019, the
therapeutic segment amidst all respiratory care device category anticipated
dominating the global market due to the rising incidence of chronic diseases
and the growing geriatric population. Consumable & accessories are also contributing
to the market growth with the increasing availability of reimbursement coverage
for PAP device coupled with an expanding population of geriatric and chronic
diseases. Monitoring devices expected to share the market share majorly
followed by other segment populations upcoming years with the commendable
Respiratory Care Devices Market: Indication
On the basis of indication, the global respiratory care
devices market segmented into asthma, sleep apnea, COPD (chronic obstructive pulmonary
diseases), and other infectious diseases. Rising disposable income, changing
lifestyle patterns, and food habits are the key factor for rising chronic
disorder burden in the global market. COPD indication is expected to drive the
global respiratory care device market during the forecast period of 2019-2025
with a significant growth rate.
Respiratory Care Devices Market: Facility
On the basis of the facility, the global respiratory
care devices market is segmented into home care settings, hospitals &
clinics, and others. The hospital segment shares a significant share amidst
facility segment due to increasing healthcare expenditure by government
authorities to purchase devices high in value coupled with trained professional
staff for device operation. The market is anticipated to dominate by homecare
setting, followed by hospitals to eliminate the hospital visit to save patient
time and money. The rising affordability and convenience are the key factor
expected to propel the growth during the forecast period of 2019-2025.
Respiratory Care Devices Market: Regional Insights
Based on Region analysis, North America is expected to
hold the largest share in the respiratory care devices the market due to the
rising burden of COPD and asthma patient base, rising government initiatives,
healthcare expenditure, and preference shift toward adoption of respiratory
care devices in the region. Followed by North America, Europe is expected to
share major market share contributions with factors such as initiatives for
strengthening healthcare infrastructure, increasing tobacco consumption, etc.
Emerging countries such as China, India with high accessibility of health
services, policy and reforms, patient population base and medical tourism will
favor the adoption of respiratory care devices in the forecast period of
Objective of the Study:
To analyze and forecast the global
respiratory care devices market size of the market, in terms of value.
To examine the careful market segmentation
and forecast the market size, in terms value, based on the region by segmenting
the global respiratory care devices market into five regions, namely, North
America, Europe, Asia Pacific, Middle East & Africa, Latin America and
their leading countries.
To outline, categorized and forecast the
global respiratory care devices market based on the product type, application
and end user.
To examine competitive developments like
technological advancement, services, and regulative framework within the global
respiratory care devices market.
To highlight the impact analysis of the
factors, affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
To strategically profile the key players and comprehensively
analyze their market shares along with detailing the competitive landscape for
Scope of the Report
Positive Airway Pressure (CPAP) Devices
PAP (APAP) Device
PAP (BPAP) Devices
§ ICU Ventilators
§ Portable/Transportable Ventilators
Dose Inhalers (MDIs)
Powder Inhalers (DPIs)
Oxide Delivery Units
Peak Flow Meters
Other Diagnostic Devices
§ Reusable Masks
§ Disposable Mask
Other Consumables and Accessories
Chronic Obstructive Pulmonary Disease (COPD)
Others (lung cancer, tuberculosis, and idiopathic
pulmonary fibrosis etc.)
By End User
Home Care Setting
Hospitals & Clinics
Ambulatory Care Center
Middle East & Africa
Fisher and Paykel Healthcare Co., Ltd.
Drägerwerk AG & Co. KGaA
Hamilton Medical AG
Other Prominent Player
Business Questions Answer by The Report
How will the market drivers, restraints and opportunities affect
the market dynamics?
What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Which segment dominates the market or region and one will be the
fastest growing and why?
A comprehensive survey of the competitive landscape and the market
Analysis of strategy adopted by the key player and their impact on
Customization Scope for The Client
satisfaction is our first and last priority and that’s why BlueWeave Consulting
offers customization according to company’s specific needs. The following
customization options are available for the report:
Additional Company Information
With five additional company detail analysis
Additional country analysis
Detailed segment analysis