Opportunities for the global respiratory care device market to reach $15.8 billion by 2022
According to a new market report published by Lucintel, the future of the global respiratory care device market looks promising with opportunities in the hospital and home healthcare devices. The global respiratory care device market is expected to reach an estimated $15.8 billion by 2022 and is forecast to grow at a CAGR of 7.7% from 2017 to 2022. The major drivers for the growth of this market are increasing prevalence of respiratory diseases, increasing geriatric population, tobacco use, and rising pollution levels.In this market, monitoring and therapeutic devices are the major segments by device type. On the basis of comprehensive research, Lucintel forecasts that the monitoring device segment is expected to show above average growth during the forecast period.
Within global respiratory care device market, therapeutic device is expected to remain the largest segment by device type. Rising prevalence of tobacco use, pollution levels, and the high prevalence of respiratory disease are the major driving forces that spur growth for this segment over the forecast period.
The North America is expected to remain the largest region due an aging population and increasing respiratory diseases, like sleep apnea, asthma, lung cancer, COPD (Chronic Obstructive Pulmonary Disorder).
APAC is expected to witness the highest growth rate over the forecast period due to increasing tobacco use and pollution levels.
For business expansion, Lucintel’s report suggests innovation and new product development for achieving the best results in diagnosis for respiratory diseases.
Emerging trends, which have a direct impact on the dynamics of the industry, include the high adoption for home healthcare products, and improvement in mask fits. ResMed Inc., Meddtronic PLC, Koninklijke Philips N.V.,General Electronics, and Masimo Corporation are among the major suppliers of respiratory care devices.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global respiratory care device market by device type, end use, product, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Respiratory Care Device Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global respiratory care device market by device type, end use, product, and region, as follows:
By Device Type [Value ($ Million) from 2011 to 2022]:
• Therapeutic Devices
• Monitoring Devices
• Diagnostic Devices
• Consumable and Accessories
By End User [Value ($ Million) from 2011 to 2022]:
• Hospital
• Home Healthcare
By Product [Value ($ Million) from 2011 to 2022]:
• Therapeutic devices
o Oxygen Humidifiers
o Nebulizers
o Oxygen Concentrators
o Positive Airway Pressure (PAP) Devices
o Reusable Resuscitators
o Ventilators
o Inhalers
o Masks
o Nitric Oxide Delivery Units
o Oxygen Hoods
• Monitoring devices
o Pulse Oximeters
o Capnographs
o Gas Analyzers
• Diagnostic Devices
o Spirometers
o Peak Flow Meters
o Polysomnography and other Device
• Consumable and Accessories
o Disposable Masks
o Resuscitators
o Tracheostomy Tubes
o Nasal Cannulas
o Other Consumables and Accessories
By Region [Value ($ Million) from 2011 to 2022]:
• North America
• Europe
• APAC
• ROW
This 140-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Medical Market Analysis, Medical Market Research, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.
This report addresses the following key questions:
Q.1 What are some of the most promising, high-growth opportunities for global respiratory care device market by device type (therapeutic device, monitoring device, diagnostic device, consumable and accessories), end-user (hospital and home healthcare), product [Therapeutic devices (oxygen humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, reusable resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods), monitoring devices (pulse oximeters, capnographs, and gas analyzers), diagnostic devices (spirometers, peak flow meters, polysomnography, and other devices), and consumable and accessories (disposable masks, resuscitators, tracheostomy tubes, nasal cannulas, other consumables and accessories)], and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW)) ?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11 What M & A activity has occurred in the last 5 years?
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Lucintel LLC
Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Opportunities for the global respiratory care device market to reach $15.8 billion by 2022 here
News-ID: 1331540 • Views: …
More Releases from Lucintel LLC
Access Control as a Service Market is anticipated to grow at a CAGR of 11% durin …
The global access control as a service market is projected to reach $1.1 billion by 2025, at a CAGR of 11% during 2020-2025. The growth of access control as a service market is driven by increasing uses of cloud computing platforms and IoT technology, growing demand for cloud based hosted and managed services, and rising adoption of electronic security products in access control as a services market.
Some of the…
Opportunities for European automotive composites market to reach $5.3 billion by …
According to a new market report published by Lucintel, the future of the automotive composites market looks good with opportunities in the power train, exterior, interior, electrical and electronics, and under body system. The European automotive composites market is expected to reach an estimated $5.3 billion by 2025 with a CAGR of 3.7% from 2020 to 2025. The major drivers for this market are increasing automotive production and growing demand…
Technology Landscape, Trends and Opportunities in the Global Automotive Foam Mar …
The technologies in automotive foam have undergone significant changes in recent years, with traditional bulk foams to advanced Spray Foams. The rising wave of new technologies, such as polyolefin based foam and polyurethane based foams are creating significant potential in various vehicle platforms due to excellent mechanical strength, light weight, and wear and weathering resistance properties.
To download report brochure, please go to https://www.lucintel.com/technology-automotive-foam-market.aspx and click "report brochure" tab from the…
Opportunities for composites in the global aerospace market to reach $3.3 billio …
According to a new market report published by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft industries. The global aerospace composites materials market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an…
More Releases for Device
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust …
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in…
PC-Based Resting Electrocardiograph Market Value Share, Analysis and Segments 20 …
Cardiovascular diseases are a leading cause of death all over the world, and hence need to be treated as soon as possible after their diagnosis. PC-based ECG machines are one of the most reliable machines that can used to detect, diagnose, and capture highly useful data, which can be used for initiating relevant treatment procedures. Thanks to the various benefits provided by these devices, a distinct PC-based electrocardiograph market exists…
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, …
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations.
Request for Sample of This Research Report @ https://bit.ly/2xjOKpC
Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
Peripheral vascular disorder (PVD) is a blood circulation disorder…
Medical Device Technologies Market - The Evolution of Medical Device Technologie …
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in…
Energy Based Device in Hyperhidros Market Report 2018: Segmentation by Product ( …
Global Energy Based Device in Hyperhidros market research report provides company profile for Alma Lasers, ThermiAesthetics, Ulthera, Valeant, Cynosure, Miramar Lab, Fotona and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Timing Device Market
Asia Pacific traffic sensor market is expected to hold the majority share due to the adoption of technologically-advanced systems. Growing urban population and the increasing need for real-time information systems in the region will propel the traffic sensor market growth. Growing urban population in countries including India, China, Japan, and South Korea is increasing the strain on the traffic management solutions. This is encouraging the governments to invest increasingly in…