USA Respiratory Devices Market 2022 Growth and Outlook- Chart Industries Inc., Dragerwerk AG, Drive Devilbiss International, Koninklijke Philips NV

The market research report on “USA Respiratory Devices Market 2022” provides meticulous analysis for changing competitive dynamics and a dynamic perspective on different factors driving or restraining industry growth. The USA Respiratory Devices industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The USA Respiratory Devices Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing to identify the products and end users driving revenue growth and profitability.  

The USA Respiratory Devices market is expected to reach USD 27.6 billion by 2026 from USD 18.4 billion in 2021, at a CAGR of 8.5% during the forecast period of 2021 to 2026. 

The USA Respiratory Devices market is highly competitive and consists of a number of major players. Companies like Chart Industries Inc., Dragerwerk AG, Drive Devilbiss International, Fisher & Paykel Healthcare Limited, GE Healthcare, GlaxoSmithKline PLC, Invacare Corporation, Koninklijke Philips NV, Medtronic PLC, ResMed Inc. Amongst Others.

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Market Overview:

The rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases remains the major driver of the industry. Chronic respiratory diseases are chronic diseases that affect the airways and other parts of the lungs. Respiratory symptoms are among the major causes of consultation with doctors and physicians in primary health care centers. Some of the major preventable chronic respiratory disorders are asthma, chronic obstructive pulmonary disease (COPD), allergic rhinitis, sleep apnea, and tuberculosis (principally, multi-drug resistant tuberculosis). Asthma is a chronic inflammation of the lung airways that causes coughing, chest tightness, wheezing or shortness of breath. It is considered as one of the key indicator for the market, which affects children, adults, and elderly people. According to Centers for Disease Control and Prevention (CDC), in 2018, there were around 19.2 million adults, who suffered from asthma in the United States.

Key Developments:

In April 2020, Philips launched the PHILIPS RESPIRONICS E30 VENTILATOR. This will enable company to help healthcare professionals by providing superior quality ventilators

In January 2020, Masimo Corporation acquired Connected Care Business from NantHealth (US). This acquisition will support Masimo to assist hospitals in providing constant care through connectivity, automation, and innovative noninvasive monitoring technologies.

In May 2020, Philips did the partnership with Masimo. This partnership was aimed at integrating Masimo’s measurement technologies into select intellivue MX-Series multi-parameter monitors to help clinicians examine ventilation status and cerebral oximetry.

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

Market Segmentation:

Segment by Type
Invasive
Non-invasive

Segment by Application
Hospitals/Clinics
Household
Other (In Army, Outer Space, etc.)

Key Market Trends:

Spirometers Segment is Expected to Show Better Growth in the Forecast Years
Based on diagnostic and monitoring devices segment, the market is categorized into spirometers, sleep test devices, peak flow meters, pulse oximeters, capnographs and others. The major factor attributing to the growth of spirometers segment is the increasing burden of respiratory disorders, such as asthma, bronchitis, and COPD across the country. The wide application of spirometers makes it easier for the patient to use this device and is thus, increasingly adopted in hospitals and home care setting. Furthermore, the significant advancements in the field of spirometry include the development of small portable spirometers and the increasing accuracy and acceptability, which is expected to fuel the market growth over the forecast period.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a  and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  USA Respiratory Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, USA Respiratory Devices Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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