Respiratory Care Medical Devices Market 2020 Global Insights and Business Scenario –Koninklijke Philips NV, ResMed Inc., Medtronic Plc, Fisher & Paykel Healthcare

The Respiratory Care Medical Devices Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Respiratory Care Medical Devices Market: Koninklijke Philips NV, ResMed Inc., Medtronic Plc, Fisher & Paykel Healthcare.

Industry News:

Mar 22, 2020, Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is increasing the production of certain critical care products and solutions to help diagnose and treat patients with the new coronavirus disease (COVID-19).

The most needed products are patient vital signs monitors and portable ventilators and medical consumables for non-invasive and invasive ventilation to treat a broad range of respiratory conditions. Other Philips products and solutions to help address the preparedness, response and recovery needs of COVID-19 include a range of diagnostic imaging systems (CT, mobile diagnostic X-ray, and ultrasound) to help diagnose and assess respiratory conditions, as well as hospital telehealth solutions to centrally monitor and manage patients in the intensive care unit (Philips eICU program), and telehealth solutions to connect caregivers and patients at home.

Sep 27, 2019, Amsterdam, the Netherlands and Madrid, Spain – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will showcase its commitment to improving care for hundreds of millions of patients worldwide living with chronic sleep and respiratory conditions in its 17th appearance at the European Respiratory Society (ERS) International Congress, taking place September 28- October 2, 2019, in Madrid, Spain.
“The rise of chronic conditions and the simple fact that the global population is aging, present challenges across global healthcare ecosystems already facing resource constraints amidst a shifting technology landscape,” said Eli Diacopoulos, Business Leader of Respiratory Care at Philips. “At Philips, we’re committed to meeting those challenges by equipping providers, clinicians and patients with the tools and information needed to provide the best care experience possible. To do that, it’s essential to continue to develop integrated technologies that make it easier to share, analyze and use data, to help clinicians make better informed decisions, reduce costs and readmissions and ultimately improve patient care.”

May 5, 2020: ResMed launches remote ventilator monitoring in Europe

ResMed (NYSE:RMD) announced today an accelerated launch of cloud-based remote monitoring software for ventilators and Lumis bilevel devices across Europe.

The San Diego–based maker of respiratory support devices has been among a host of ventilator makers rushing to meet demand amid the COVID-19 pandemic. But the company noted that there are also many other people who rely on ResMed ventilators for daily breathing support — people who require regular checkups and support from health and homecare providers. Teleheath and telemonitoring could provide an alternative means on checking up on home ventilator users, according to ResMed.

Market Overview:
Over the past few years respiratory diseases are on the rise globally and are becoming one of the major causes of death. Currently, of all the deaths worldwide, one-sixth is caused by respiratory diseases. Some of the major respiratory disease includes chronic obstructive pulmonary disease, asthma, sleep apnea, pneumonia, respiratory failure, lung cancer etc. Therefore, the rising incidence of respiratory diseases arise the demand for medical devices which help the patients in treatment of respiratory illness.

Respiratory devices primarily helps in the diagnosis, treatment, and monitoring of respiratory disorders. These devices are majorly used in the treatment of obstructive conditions (e.g. sleep apnea), restrictive conditions, vascular diseases (pulmonary disease), and infectious, environmental and other diseases (e.g., pneumonia, tuberculosis, asbestosis etc.). Major respiratory care devices include CPAP machines, portable emergency oxygen systems, oximetry meters, nebulizers etc.

The global respiratory care medical devices market has increased over the years and projections are made that the market would grow at a steady pace in the next four years i.e. 2018-2022, particularly due to increasing incidence of respiratory diseases among all age groups globally. The global respiratory care medical devices market is supported by various growth drivers such as growing aging population, rising urbanization & pollution level, high prevalence of smoking, unhealthy lifestyle etc. Yet the market faces some challenges which are obstructing the growth of the market. Some of the major challenges faced by the industry are: lack of awareness of respiratory conditions, harmful effects of respiratory devices on newborn, stringent regulations and RCP licensing etc.

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Regional Analysis For Respiratory Care Medical Devices Market:

For comprehensive understanding of market dynamics, the global Respiratory Care Medical Devices market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Respiratory Care Medical Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

Following are major Table of Content of Respiratory Care Medical Devices Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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How we have factored the effect of Covid-19 in our report:

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