Respiratory Care Device Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development
The global respiratory care device market was valued at $15,009.6
million in 2015, and it is expected to grow at a CAGR of 9.5% during 2016 -
2022.
The growth of the global
market is largely driven by rapid urbanization and increasing level of air
pollution across the globe and increasing prevalence of respiratory diseases.
Some of the other factors driving the growth of the global market include
growing geriatric population, changing lifestyle, increasing healthcare
expenditure, and high prevalence of tobacco smoking. Increasing demand of
point-of-care diagnosis, growing demand for home care therapeutic devices and
high growth in developing countries in respiratory care device are expected to
create ample opportunities for the manufacturers of respiratory care device.
However, lack of awareness, reimbursement concerns and harmful effect of
respiratory care device on neonatal are hampering the growth of the global
respiratory care device market.
Respiratory system
delivers oxygen to the body and removes carbon dioxide, regulates temperature,
and eliminates toxic waste. Chronic obstructive pulmonary disease (COPD), lung
cancer, asthma, infections such as tuberculosis, pneumonia, and influenza are
some of the major lung diseases. Respiratory care is focused on prevention,
diagnosis, assessment, treatment, management, control, and care. These devices
help to improve pulmonary function and improve lung oxygenation.
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North America accounted
for the largest share in the global market in 2015, owing to the growing
geriatric population, increasing healthcare expenditure, and increasing
prevalence of respiratory diseases in the region. The U.S. contributed largest
revenue to the North American as well as global respiratory device market. The
increasing prevalence of respiratory disease, growing geriatric population and
high prevalence of tobacco smoking are the key driving factor of the U.S.
respiratory care device.
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Among the different end
users, the largest revenue was generated from the sales of respiratory care
device in hospitals in 2015. The global respiratory care device market for home
care is expected to grow at a CAGR of 10.0% during 2016 – 2022.
Some of the major
players operating in the global respiratory care device market include ResMed,
Inc, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V,
Masimo Corporation, and Medtronic plc.
GLOBAL RESPIRATORY CARE DEVICE
MARKET SEGMENTATION
By Type
By Type
·
Respiratory Care Therapeutics
o
Ventilator
o
Positive air pressure device
o
Nebulizer
o
Humidifiers
o
Mask
o
Others
·
Respiratory Diagnostic and Monitoring
o
Pulse oximeter
o
Spirometer
o
Capnograph
o
Gas analyzer
o
Other
·
Respiratory Accessories and Consumables
By End User
·
Hospital
·
Home care
·
Other
GEOGRAPHICAL SEGMENTATION
By Region
By Region
·
North America
o
U.S.
o
Canada
o
Rest of North America
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Rest of Europe
·
Asia-Pacific
o
Japan
o
China
o
India
o
Rest of Asia-Pacific
·
Rest of the World (RoW)
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