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Therapeutic Respiratory Devices Market Growing at 11.87% CAGR to Hit $ 19.48 Bn by 2022 | Philips Healthcare, GE Healthcare, Smiths Medical, CareFusion Corporation

10-12-2018 11:06 AM CET | Health & Medicine

Press release from: Crystal Market Research - Healthcare

Therapeutic Respiratory Devices Market 2018

Therapeutic Respiratory Devices Market 2018

Therapeutic Respiratory Devices Market:
In 2014, the North American regional therapeutic respiratory devices industry was the major and was evaluated at USD 2.92 billion. The existence of large geriatric population, as well as rising occurrence of chronic diseases, is expected to fuel the regional market growth during the forecast years. Furthermore, regional market growth is sustained by the existence of coherent reimbursement guidelines in the United States like Medicare and Medicaid assisted by healthcare centers and CMS accounts.

The improvement in medical infrastructure, increasing awareness levels regarding healthcare, and a rising number of outpatient surgical procedures is expected to make sure the demand sustainability during the forecast years. The Latin American and Asia-Pacific markets are projected to witness rapid growth during the next few years. The increasing number of patients having respiratory disorders as well as the existence of high unfulfilled healthcare needs is anticipated to serve as major growth drivers.

Competitive Outlook and Trend Analysis:
The major market players in the global therapeutic respiratory devices market are Philips Healthcare, GE Healthcare, Smiths Medical, CareFusion Corporation, and Covidien Plc. Innovative product development and mergers and acquisitions are few often implemented business strategies.

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The Global Therapeutic Respiratory Devices Market is segmented as follows –
By Product-
Compressor-based nebulizers
Piston-based hand-held nebulizers
Ultrasonic nebulizers
Heated humidifiers
Passover humidifiers
Integrated humidifiers
Built-in humidifiers
Stand-alone humidifiers
Oxygen concentrators
Fixed oxygen concentrators Portable
oxygen concentrators
Positive airway pressure devices
Continuous positive airway pressure devices
Auto-titrating positive airway pressure devices
Bi-level positive airway pressure devices
Adult ventilators
Neonatal ventilators
Gas Analyzers

By Technology-
Electrostatic filtration
HEPA filter technology
Hollow fiber filtration

By Filters-
Nebulizer filters
Inlet filters
Replacement filters
Cabinet filters
Humidifier filters
Wick filters
Permanent cleanable filters
Mineral absorption pads
Demineralization cartridges
Positive airway pressure device filters
Ultra-fine foam inlet filters
Polyester non-woven fiber filters
Acrylic & polypropylene fiber filters
Oxygen concentrators filters
HEPA filters
Cabinet filters
Pre-inlet filters
Inlet filters
Micro disk filters
Felt intake filters
Bacterial filters
Hollow membrane filters
Ventilator filters
Mechanical filters
HEPA filters
ULPA filters
Activated carbon filters
Electrostatic filters
Tribocharged filters
Fibrillated filters

Regional Segment Analysis:
North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

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Industry Trend Analysis:
In 2012, the global therapeutic respiratory devices market was evaluated around USD 6.35 billion and is expected to reach approximately USD 19.48 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 11.87% over the forecast period. Major drivers of the global market are the growing occurrence of target disorders like COPD, sleep apnea, and asthma, demand for early disease diagnosis and rising awareness levels amongst the patients. According to the WHO approximates COPD is anticipated to be the third major cause of death globally. As per the statistics issued by the National Sleep Foundation, approximately 40 million Americans were suffering from chronic sleep disorders during 2012. Furthermore, the occurrence of obstructive sleep apnea was around 12 million in the United States with the analysis rate of approximately 1 out of 22. The incidence of this disorder is anticipated to constantly increase over the forecast years, due to the rising occurrence of hypertension, obesity, and cardiovascular diseases. Also, technological innovations linked with these systems and increasing healthcare spending levels worldwide are accountable to estimated boost for the global therapeutic respiratory devices market growth during the projected period.

Table of Contents:
2.Executive Summary
3.Market Overview
4.Therapeutic Respiratory Devices Market, By Product
5.Therapeutic Respiratory Devices Market, By Technology
6.Therapeutic Respiratory Devices Market, By Filters
7.Therapeutic Respiratory Devices Market, By Region
8.Company Profiles

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HEPA filter technology, Electrostatic filtration, microsphere separation and hollow fiber filtration are the technologies studied under the extent of this study. In 2014, the electrostatic filtration section was amongst the leading technology sections with a market share of around 30.0%. Some major factors assigning to the position of a segment involve high technology usage in often used products, as well as the introduction of novel technologies like negative pressure, regulate respirator filters that render highly proficient air filtration. Additionally, the hollow fiber filtration technology is anticipated to experience lucrative growth in application rates around the forecast years due to, the easy maintenance it renders to the costumers.

List of Tables:
Table 1.Global Therapeutic Respiratory Devices Market, By Product, 2012-2022 ($Million)
Table 2.Nebulizers Market, By Region, 2012-2022 ($Million)
Table 3.Humidifiers Market, By Region, 2012-2022 ($Million)
Table 4.Oxygen Concentrators Market, By Region, 2012-2022 ($Million)
Table 5.PAP Devices Market, By Region, 2012-2022 ($Million)

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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