Latin America Respiratory Devices Market Size, Share, Growth Analysis, Regional Outlook Forecast 2021-2027

Precision Business Insights published a research report on "Latin America Respiratory Devices Market By Device Type (Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Oxygen Concentrators , Humidifiers, Nebulizers, and Others), Diagnostic Devices (Spirometers, Peak Flow Meters, and Others), Monitoring Devices (Pulse Oximeters, Capnographs, and Gas Analyzers), Consumables & Disposables (Nasal Cannulas, Filters, Disposable Masks, and Others)), By Distribution Channel (Hospitals, Ambulatory Care, and Homecare), and By Country - Global/Region/Country Forecast to 2027".

Respiratory care devices are a type of medical equipment that is used to treat, manage, regulate, diagnose, and care for patients who have a cardiopulmonary system problem. Chronic obstructive pulmonary disease (COPD), a degenerative lung illness that predominantly comprises emphysema and chronic bronchitis, is treated using the devices. COPD is one of the main causes of death worldwide, thus the market is growing steadily. COPD is predicted to be the fifth greatest cause of mortality worldwide by 2020.

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Increased use of different devices such as humidifiers, nebulizers, and oxygen concentrators owing to increasing incidence of respiratory illnesses and expanding elderly population were major factors responsible for therapeutic devices market. The hospital respiratory care device market was a larger market than the home care industry, owing to hospitals' greater financial ability to acquire high-cost devices. Along with its highly developed health-care infrastructure, huge pool of respiratory disease patients due to health factors such as smoking and cigarette use, and shortage of technical professionals to function advanced respiratory devices, North America accounted for the major market of the market, followed by Europe. Meanwhile, due to rising per capita income and steadily expanding health-care infrastructure, Asia Pacific is anticipated to increase at the fastest rate. In addition to this, The increase in the number of chronic pulmonary obstructive illness, and the continuous massive increase in numbers due to shifting life styles and environments also including increasing pollution levels and people who smoke, growing geriatric population, and new product launches with a supply chain entities of products are all major factors responsible for the Latin America respiratory devices market. In addition, there has been an increase in the market for breathing equipment for home use. In 2014, the Centers for Disease Control and Prevention (CDC) estimated that more than 16 million people in the United States were affected by smoking-related illnesses such as lung disease, COPD, cardiovascular disease, and tumors.

The Latin America Respiratory Devices Market is fragmented into End User, Disease or Disorder, Type and Region. By Disease or Disorder, the market is classified into Asthma, Other Diseases/Disorders, Infectious Diseases, Sleep Apnea, and Chronic Obstructive Pulmonary Disease (COPD). By End User, the market is divided into Home Care, Hospitals, and Ambulatory Care.

During the projected period, the Latin America Respiratory Monitoring Market is predicted to grow at a substantial CAGR. The rise in the number of instances of chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and other diseases, as well as the increasing proportion of tobacco smoking, are the primary drivers driving the market's expansion.

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There are some major players working in latin america respiratory devices market, which include Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Medtronic plc, Becton Dickinson and Company

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