Press release
Breathing Disorders & Treatment Market Structure with Key Opinion Leaders to Gain Deeper Insight | BD, Carestream Health, COSMED, GE Healthcare, Perkin Elmer, Inc., Smiths Medical, Seimens
Addition of the "Global Breathing Disorders & Treatment Market Research Report “which gives Market Size, Shares and Forecasts till 2022 announced by the Market Research Future .The Breathing Disorders & Treatment Industry Report Provide analysis and evaluation of the current and prospective profitability.Global Breathing Disorders Treatment Market - Overview
Breathing disorders are ailments that are associated with disruptions in normal breathing pattern. These breathing disorders includes conditions of the upper respiratory tract, pulmonary pleura, bronchi, bronchioles, trachea, pleural cavity, and muscles of the respiratory tract.
Breathing disorders can be caused by smoking, long term exposure to irritants such as any harsh chemical or industrial dust, neonatal chronic lung disease, or could be genetically inherited.
The market for breathing disorders treatment is growing a healthy growth due to a host of factors such as increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease and asthma.
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According to American Academy of Allergy Asthma & Immunology, prevalence of asthma is likely to grow by 100 million by 2025.This rising case of asthma is likely to enhance the growth of breathing disorders treatment market.
However, factors such as lack of awareness of respiratory conditions which leads to a large undiagnosed population are likely to hamper the growth of breathing disorders treatment market.
Key Market Players
There are various market players operating in the global breathing disorders treatment market. Some of the key market players in this market are: PhiliResMed Inc., Masimo Corporation, Becton, Dickinson and Company, Philips Healthcare Chart Industries, Inc., Medtronic plc, and Hamilton Medical AG.
Medtronic
Headquartered at Minneapolis, Medtronic, offers a wide range of device based medical products. The firm offers its products all over the world. The firm has focused on various growth strategies such as expansions, product launches, acquisition and collaboration to enhance its product portfolio and widen its foothold in various geographies.
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For instance in 2014, the firm launched Nellcor Respiration Rate System in the European region. Additionally, in 2014, Medtronic launched NuVent(TM) EM Sinus Dilation System, an ENT navigation system. This product launches enhances Medtronic’s product portfolio and business across different geographies.
Regional Analysis
Geographically, breathing disorders treatment market is segmented into four key regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa. Globally, the U.S. is the largest market for breathing disorders treatment owing to increasing incidence of asthma and chronic obstructive pulmonary disease (COPD), growing industrialization and rising pollution, growing adoption for self-administration, and increasing need for technological advancements.
According to a recent survey around 1,410 people died of asthma in UK. Additionally, National Health Services spends around USD 1 billion yearly for treatment of asthma. According to a UCB Institute of Allergy in Belgium, rates in prevalence of asthma has doubled in ten years.
Asia pacific region is expected to be fastest growing region in breathing disorders treatment market owing to its growing population and increasing healthcare expenditure and demand for new treatment options fuel the market growth.
On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare resources and lack of awareness about rare diseases. In the Middle East, the growth of the market is driven by increasing availability new diagnostic and treatment methods.
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