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Respiratory Care Devices Market Analysis By 2023 -Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, ResMed, Inc., Invacare Corporation, Chart Industries Inc., Dräger Safety AG & Co. KGaA, Becton, Dickinson and Company, Ma
Global respiratory care devices market was valued at $12,890 million in 2015, and is poised to reach $21,300 million by 2022, registering an estimated of CAGR 7.4% during the forecast period. Respiratory care devices are used for diagnosis, monitoring, and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide enhanced care to patients suffering from such acute and chronic respiratory diseases. The report analyzes the respiratory care devices market on the basis of product type, end user, and geography.
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Segment Review
According to the AMR analysis, the pulse oximetry market is expected to grow at a steady rate throughout the forecast period. Smart pulse oximeters devices have gained popularity as compared to other respiratory care devices in the recent years. It has become a vital tool for clinicians for continuous monitoring of a patient’s arterial oxygen saturation (SaO2) by calculating an estimate of the SaO2 (known as the SpO2) using an algorithm, and displaying the readout. Several companies have focused on developing cost-effective pulse oximeters to sustain the intense competition in the emerging and price-competitive markets. For instance, in January 2015, Masimo Medical Technologies India Pvt. Ltd. launched a low-cost pulse oximeter, the Sat 901+, in India. The product incorporates several advanced features to facilitate handheld as well as bedside monitoring, including acute care and alternate care settings such as long-term care facilities, homecare, and sleep laboratories. Such advancements in this sector is expected to drive the respiratory care monitoring devices market.
Surge in Global Geriatric Population
The global geriatric population has witnessed an unprecedented increase in the recent years. Aging is associated with progressive decline in lung function and increase in prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma. The respiratory system undergoes various anatomical, physiological, and immunological changes with increase in age. The structural changes, including deformities in chest wall and thoracic spine, impair the functioning of the respiratory system and lead to complications in breathing. The incidence of respiratory diseases is expected to increase in the near future; thereby driving the global respiratory care monitoring devices market.
The key players profiled in the report include Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, ResMed, Inc., Invacare Corporation, Chart Industries Inc., Dräger Safety AG & Co. KGaA, Becton, Dickinson and Company, Masimo Corporation, and Medtronic plc. The other players operating in the industry include 3B Medical, Inc., Medline Industries Inc., Acare Technology Co., Ltd., Allied Healthcare Inc., Hill-Rom Holdings Inc., and Rotech Healthcare Inc.
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Key Benefits
The study provides an in-depth analysis of the global respiratory care devices market along with the current trends and future estimations to elucidate the imminent investment pockets.
The report provides quantitative analyses of the industry for the period of 2014‐2022 to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the global respiratory care devices market helps in understanding the adoption of respiratory devices for therapeutic, monitoring, and diagnostic applications.
Competitive intelligence highlights the business practices followed by leading market players across various geographies.
Respiratory Care Devices Market Key Segments
The global respiratory care devices market is segmented based on product, end user, and geography.
By Product
•Therapeutic Devices
•Positive Airway Pressure (PAP) Devices
•Continuous Positive Airway Pressure (CPAP) Devices
•Automatic Positive Airway Pressure (APAP) Devices
•Bi-Level Positive Airway Pressure (BPAP) Devices
Masks
•Nasal Masks
•Full-face Masks
•Nasal Pillow Masks
•Oral Masks
Ventilators
•Adult Ventilators
•Infant/Neonatal Ventilators
Nebulizers
Humidifiers
Oxygen Concentrators
•Fixed Oxygen Concentrators
•Portable Oxygen Concentrators
Inhalers
•Dry Powder Inhalers
•Metered Dose Inhalers
•Soft Mist Inhaler
Reusable Resuscitators
•Adult Resuscitators
•Infant/Neonatal Resuscitators
•Nitric Oxide Delivery Units
•Capnographs
•Gas Analyzers
•Oxygen Hoods
•Monitoring Devices
Pulse Oximeters
•Pediatric Pulse Oximeters
•Wrist-worn Pulse Oximeters
•Handheld Oximeter
•Fingertip Pulse Oximeter
•Table-top/bedside Pulse Oximeters
Diagnostic Devices
•Spirometers
•Polysomnography (PSG) Devices
•Peak Flow Meters
Consumables and Accessories
•Disposable Resuscitators
•Tracheostomy Tubes
•Nasal Cannulas
•Disposable Masks
•Other Consumables and Accessories
By End User
•Hospitals
•Homecare Settings
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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