Respiratory Care Device Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development
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A key driving factor for the respiratory care device market is the surging prevalence of respiratory diseases. The rising pollution and unhealthy habits such as smoking have contributed to the growing incidence of various respiratory diseases, including asthma, tuberculosis, and pneumonia. Chronic obstructive pulmonary disease, throat irritation, and asthma can be caused by the increasing ground-level ozone and fine particle concentration. The National Heart Lung and Blood Institute reported that in 2010, approximately 235,000 deaths in the U.S. occurred from lung diseases except lung cancer, which is the most commonly diagnosed cancer in the world.
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Based on type, the subdivisions of the respiratory care device market are therapeutic device, accessories and consumables, and diagnostic and monitoring device. During the historical period (2012–2015), the major share of the market was held by therapeutic devices and these are expected to garner 60.0% share by 2022 due to their increasing usage to make patients comfortable. The same subdivision is also expected to advance at the highest CAGR during the forecast period.
Therefore, with a further increase in the prevalence of pulmonary diseases, the usage of respiratory care devices would continue to grow.
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