Press release
Breathing Machines Market to Witness Robust Expansion by 2023
Breathing machine is a piece of equipment that facilitates breathing in the case of low oxygen levels in the blood stream. It aids the body to overcome the inability to breath normally, such as during respiratory failure. Many people suffer from afflictions such as asthmatic conditions, lung cancer and chronic obstructive lung disease. Breathing machines help the victim of lung problems carry on a more normal life by aiding the person as needed.
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Global Breathing Machines Market: Forecast by Type / Application / Region
In the last several years, global market of breathing machines developed rapidly, with an average growth rate of 7.2%. In 2016, global revenue of breathing machines is nearly 5.88 billion USD; the actual production is about 6600 K units.
The global average price of breathing machines is in the decreasing trend, from 969 USD/Unit in 2012 to 88 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of breathing machines includes asthma nebulizers, PAP machines, oxygen concentrator, and ventilators, and the proportion of PAP machines in 2016 is about 33%.
Breathing machines is widely used in hospitals & clinics and home healthcare. The most proportion of breathing machines is home healthcare, and the sales proportion in 2016 is about 67%.
USA region is the largest supplier of breathing machines, with a production market share nearly 43% in 2016. Europe is the second largest supplier of breathing machines, enjoying production market share nearly 20% in 2016.
USA is the largest consumption place, with a consumption market share nearly 43% in 2016. Following USA, Europe is the second largest consumption place with the consumption market share of 23%.
Over the next five years, LPI(LP Information) projects that Breathing Machines will register a 4.6% CAGR in terms of revenue, reach US$ 7730 million by 2023, from US$ 6170 million in 2017.
Global Breathing Machines Market: Key Players
Resmed
Philips Healthcare
Medtronic
BD
GE Healthcare
Teijin Pharma
Drager Medical
Fisher & Paykel
Invacare
PARI
Mindray
MEKICS
Yuwell
ORMON
Air Liquide
Weinmann
Maquet
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Related Information:
United States Breathing Machines Market Research Report 2018
Europe Breathing Machines Market Research Report 2018
North America Breathing Machines Market Research Report 2018
Asia-Pacific Breathing Machines Market Research Report 2018
China Breathing Machines Market Research Report 2018
EMEA Breathing Machines Market Research Report 2018
Global Breathing Machines Market Research Report 2018
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