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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

07-30-2018 05:53 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Respiratory Care Devices Market – Industry Trends and Forecast to 2024

Global Respiratory Care Devices Market – Industry Trends and Forecast to 2024

Respiratory care devices market Statistical Overview Report 2018 gives an outstanding  tool for market Survey, openings, and Vital key and strategic basic leadership. This report perceives that in this quickly advancing and competitive scenario, up-coming data on the basis of Respiratory care devices market research execution and settle on basic choices for development and benefit. It gives data on Respiratory care devices market trends and advancements and sheds light on various sectors, limitations and advancements, and on the evolving structure of the market.

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

ResMed Inc.,
Chart Industries, Inc,
Medtronic PLC,
Drägerwerk AG & Co. KGaA,
Koninklijke Philips N.V.,
General Electronics,
3M,
Hamilton Medical AG,
AstraZeneca PLC,
GE Healthcare,
GlaxoSmithKline,
Fisher and Paykel Healthcare Limited,
CareFusion Corporation,
Becton,
Dickinson and Company,
Philips Healthcare and Covidien plc,
Masimo Corporation
among others

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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,
Technological advancements
Growing technological advancement
High costs associated with the purchase and operation

Market Segmentation:

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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Competitive Analysis:

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.

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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