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Respiratory Care Devices Market is expected to reach nearly US$ 35 Billion by 2026

09-14-2020 02:17 PM CET | Health & Medicine

Press release from: HTF Market Intelligence Consulting Private Limited

Respiratory Care Devices Market

Respiratory Care Devices Market

A new research document is added in HTF MI database of 230 pages, titled as 'Global Respiratory Care Devices Market (by Product, Type, Application, End User, Geography), Recent Developments, Company Profiles - Forecast to 2026' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Asia-Pacific, Europe, South America, Middle East & Africa and important players/vendors such as1. Becton Dickinson & Company, 2. Vyaire Medical Inc., 3. GE Healthcare, 4. Invacare Corporation, 5. Philips, 6. Fisher & Paykel Healthcare Corporation Limited, 7. Medtronic Plc., 8. ResMed Inc., etc. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

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Summary
The global respiratory care devices market is expected to reach nearly US$ 35 Billion by 2026. Respiratory care is a healthcare specialty, which is focused on improving cardiopulmonary functions and promoting health & wellness. Respiratory care devices are used for the diagnosis, treatment, and monitoring of patients who are suffering from the respiratory system-related disorders. These devices are used to deal with medical conditions such as asthma, chronic obstructive pulmonary disease (COPD), TB, sleep apnea and other acute & chronic respiratory diseases. The global respiratory care devices market is driven by factors such as increase in prevalence of respiratory diseases, rapid urbanization, rise in pollution level, growth in geriatric population, and increase in tobacco consumption worldwide.

In addition, governmental support has fueled the market growth. Moreover, the recent outbreak of global pandemic COVID-19, has increased demand for respiratory care devices such as ventilators globally. Some of the key factors inhibiting the growth of respiratory care devices market includes, cost and operation difficulty for the use of devices, unfavorable reimbursement scenario and lack of awareness in developing region.

Recent Developments

• In March 2020, Royal Philips NV announced that the company is increasing its ventilator manufacturing capacity by four-fold to meet the high demand from the hospitals.

• In March 2020, automotive manufacturer, Ford announced the partnership with the Tesla and 3M to manufacture the ventilators and other personal protective equipment to address the shortage of ventilators.

• In August 2019, Inogen acquired New Aera, Inc., a manufacturer and developer of non-invasive portable ventilators.

• In March 2019, ResMed acquired HB Healthcare Safety, a provider of home-based medical equipment for sleep and respiratory care devices.

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By Product - Global Respiratory Care Devices Market and Forecast

• Positive airway pressure (PAP) devices currently account for highest share of the respiratory care devices market.

• Ventilators is the second leading segment of the respiratory care devices market.

• The global effects of the 2019 coronavirus disease (COVID-19) are felt by all countries and will have a significant impact on the ventilator market size.

• The growing prevalence of chronic inflammation due to smoking continues to increase demand for breathing circuits globally.

• The global nebulizers market is expected to more than double in 2020, from 2019 market size, due to an increase in demand for the use of nebulizers in the treatment of mild COVID-19 patients.

By Type - Global Respiratory Care Devices Market and Forecast

• Therapeutic devices segment dominated the global respiratory care devices market.

• Respiratory monitoring devices is the second leading segment of the respiratory care devices market.

• Respiratory diagnostics refer to the clinical assessment of lung functioning and related processes. It uses procedures, such as spirometry, polysomnography, sniff nasal inspiratory pressure (SNIP), among others to diagnose the diseases.

By Application - Global Respiratory Care Devices Market and Forecast

• Chronic obstructive pulmonary disease (COPD) held the largest share of the respiratory care devices market.

• Asthma is the second leading application segment of the respiratory care devices market.

• According to the Forum of International Respiratory Societies (FIRS) survey, over 235 million people have asthma and its incidence has been increasing continuously.

• Infectious respiratory diseases directly drive demand for respiratory care. COVID-19 is the most recent and significant of these diseases; the pandemic has resulted in a surge in demand for personal protection equipment and ventilators, among others.

By End User - Global Respiratory Care Devices Market and Forecast

• Hospitals form the largest end-user segment of the respiratory care devices market.

• Home care settings are expected to witness the highest growth during the forecast period, mainly due to the development of compact and lightweight respiratory care devices.

• The ambulatory care market is expected to be driven by increase in adoption and demand for minimally invasive surgery, technological advancements, and surge in demand to reduce hospital stay and overall health care cost.

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By Geography - Respiratory Care Devices Market and Forecast

1. North America2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Global Respiratory Care Devices Market - Company Profiles

1. Becton Dickinson & Company, 2. Vyaire Medical Inc., 3. GE Healthcare, 4. Invacare Corporation, 5. Philips, 6. Fisher & Paykel Healthcare Corporation Limited, 7. Medtronic Plc., 8. ResMed Inc., 9. Masimo Corporation, 10. Chart Industries, Inc., 11. Drägerwerk AG & Co. KGaA

Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

1. Executive Summary
2. Impact of COVID-19 on Global Respiratory Care Devices Market
3. Global Respiratory Care Devices Market and Forecast (2015 - 2026)
4. Global Respiratory Care Devices Market Share and Forecast (2015 - 2026)
4.1 By Product - Global Respiratory Care Devices Market Share and Forecast
4.2 By Type - Global Respiratory Care Devices Market Share and Forecast
4.3 By Application - Global Respiratory Care Devices Market Share and Forecast
4.4 By End User - Global Respiratory Care Devices Market Share and Forecast
4.5 By Region - Respiratory Care Devices Market Share and Forecast

5. By Product - Global Respiratory Care Devices Market and Forecast (2015 - 2026)
6. By Type - Global Respiratory Care Devices Market and Forecast (2015 - 2026)
7. By Application - Global Respiratory Care Devices Market and Forecast (2015 - 2026)
8. By End User - Global Respiratory Care Devices Market and Forecast (2015 - 2026)

9. By Geography - Respiratory Care Devices Market and Forecast (2015 - 2026)

9.1 North America Respiratory Care Devices Market and Forecas
9.2 Europe Respiratory Care Devices Market and Forecast
....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2831346-global-respiratory-care-devices-market-3

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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