Respiratory Care Devices Market Analysis by Top players of companies like ResMed Inc., Chart Industries, Inc, Medtronic PLC, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., General Electronics, 3M, Hamilton Medical AG, AstraZeneca PLC
The Respiratory care devices market accounted to USD 13.01 billion in 2016 growing at a CAGR of 9.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Respiratory care devices are involved in diagnostic evaluation, monitoring and treatment of patients suffering from cardiopulmonary disorders, asthma, pneumonia, tuberculosis, chronic bronchitis, and emphysema. Through the use of these devices, it improves pulmonary function and lung oxygenation.
Some of the major players operating in respiratory care devices market are
Chart Industries, Inc,
Drägerwerk AG & Co. KGaA,
Koninklijke Philips N.V.,
Hamilton Medical AG,
Fisher and Paykel Healthcare Limited,
Dickinson and Company,
Philips Healthcare and Covidien plc,
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Major market drivers and restraints:
Increase in disposable incomes
Increase in the demand for respiratory devices in private hospitals and clinics
the high prevalence of smoking,
Growing technological advancement
High costs associated with the purchase and operation
By product type the respiratory care devices market is segmented into therapeutic devices, monitoring devices, diagnostic devices, consumable and accessories. The therapeutic devices segment is further segmented into Ventilator, Mask, PAP Device, Inhaler, nebulizer. the monitoring devices segment is further segmented into pulse oximeter, capnograph. the diagnostic devices segment is further segmented into spirometers, peak flow meters, polysomnography. the consumable and accessories segment is further segmented into disposable masks, resuscitators, tracheostomy tubes, nasal cannulas, others.
On the basis of end-users the respiratory care devices market is segmented into hospitals, and home care.
On the basis of geography, respiratory care devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
In 2017, North America is expected to dominate the market.
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The respiratory care devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of respiratory care devices market for global, Europe, North America, Asia Pacific and South America.
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