Pulmonary Devices Market to Grow at a CAGR of 10.1% Through 2027 | Caire, Inogen, Invacare, O2 Concepts, Nidek Medical Types, GCE Group and Besco Medical

Pulmonary Devices Market was valued at US$ 18,598.56 million in 2019 and is projected to reach US$ 39,965.01 million by 2027; it is expected to grow at a CAGR of 10.1%from 2020 to 2027. The report highlights trends prevailing in the global pulmonary devices market,and the drivers and hindrances pertaining to the market growth.

The growth of the pulmonary devicesmarket is attributed to factors such asrising number of COVID-19 cases worldwide and increasing prevalence of respiratory diseases. However, the unfavorable reimbursement scenario associated with the respiratory devicesrestrain the growth of the market.Koninklijke Philips N.V, Caire Inc. (Chart Industries), Inogen Inc., Invacare Corporation, O2 Concepts, Nidek Medical Types, Inc., Drive DeVilbiss International, GCE Group, Besco Medical, and Inova labs Inc. (ResMed) are among the leading companies operating in the global pulmonary devicesmarket.

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Top Dominating Key Players:

1. Koninklijke Philips N.V.
2. Caire Inc. (Chart Industries)
3. Inogen Inc.
4. Invacare Corporation
5. O2 Concepts
6. Nidek Medical Types, Inc.
7. Drive DeVilbiss International
8. GCE Group
9. Besco Medical
10. Inova labs Inc. (ResMed)

The global pulmonary devicesmarket,based on type, is segmented into therapeutic devices, consumables and accessories, diagnostic devices, and monitoring devices.The therapeutic devicessegment held the largest share of the market in 2019, and this growth is ascribed tothe increasing demand of inhalers and nebulizers by patients suffering with asthma and chronic obstructive pulmonary disorders. However, the consumables and accessoriessegment is estimated to register the highest CAGR during the forecast period.

Also, the impact of the COVID-19 crisis is expected to further accelerate the growth of the respiratory devices market.Critical care devices are being manufactured in increased quantities to meet growing demand. The state of affairs resulting from the pandemic has resulted in alliances between healthcare and non-healthcare industries to manufacture respiratory care devices. Moreover, the US FDA has authorized the use of CPAP and similar devices to help cover the forecasted shortage of ventilators in COVID-19 treatment.

Key questions answered in the report include -

What will the market size and the growth rate be in 2027?
What are the key factors driving the global Pulmonary Devices market?
What are the key market trends impacting the growth of the Pulmonary Devices market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global Pulmonary Devices market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the Pulmonary Devices market?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Pulmonary Devices Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Pulmonary Devices Market segments and regions.

Scope of the study:

The research on the Pulmonary Devices Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Pulmonary Devices Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

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