Asia Pacific Digital Respiratory Device Market to soar at CAGR of 36.2%
According to Asia-Pacific Digital Respiratory Device Market Research Report: Forecast (2023-2028), "The market is projected to grow at a CAGR of around 36.2% during the forecast period, i.e., 2023-28. The market growth is aided by the region's increasing number of respiratory diseases, including asthma, sleep apnea, chronic bronchitis, and more.
However, emerging economies, coupled with bolstering public awareness, are adopting new technologically advanced devices with government-increased healthcare expenditure. Furthermore, the increasing geriatric population and obesity presents chances for the market to expand more in coming years."
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The Asia-Pacific Digital Respiratory Device Market is highly fragmented and comprises various bifurcations & geographies. These sections cover information on opportunities & challenges faced by the players, fluctuations in the demand, supply, revenue generation, size, sales, profits, volume, & price, among other parameters for the investors.
The stakeholders can also attain an overview of the external factors influencing the industry expansion over the years. The Asia-Pacific Digital Respiratory Device Market bifurcates into the following segmentations:
By Device Type
-Diagnostics Monitoring Devices
-Consumables and Accessories
-Respiratory Therapy Wearable Medical Device
--Watch and Wristband
-Hospitals and Clinics
-Ambulatory Care Centers
-Chronic Obstructive Pulmonary Disease
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Growing Prevalence of Asthma Stimulates Demands for Digital Respiratory Devices
"Asthma as most prominent in APAC region instigate demand for related treatment methods in the forecasting period. Healthcare professionals facing continuous blocks in managing respiratory diseases despite the presence of novel therapies propel the demand for smart inhalers with advanced features. Moreover, the features of tracking dosage, supervising schedules, recording data, and more, further accelerate the market demand and growth.", states the research report.
Rapid Adoption of Digital Respiratory Devices Grants China the Lion's Market Share
"Country-wise, China procures the largest share with its rapid adoption of digital respiratory devices after the outbreak of Covid-19 and to cope with increasing asthma and respiratory problems with the ever-increasing aging population. Besides, China's initiative, Healthy China 2030, further propels the market to seek and improve the national health system.
However, the increasing cases of respiratory diseases among the growing population of India has resulted in the rapid adoption of new health-related technologies, promising lucrative growth to the market.", states the research report by Markntel Advisors.
Competitive Projection & Analysis
The researchers at Markntel Advisors have rigorously profiled each company operating in the industry, offering insights to the stakeholders about the competition and allowing them to strategize their tactics using the data put together in the report.
This information comprises the recent developments, mergers & acquisitions, product/service launches, expansion plans, & opportunities utilized to attain revenue, alongside the role & participation of the governments and more.
The prominent players profiled in the report include Philips, 3M Healthcare, Astra Zenca Plc., Novartis AG, GE Healthcare, Masimo Corporation, Cipla Ltd., Resmed Ltd., Teva Pharmaceuticals Industries Ltd., and Acorda Therapeutics.
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To avail of exciting offers & customization services on the report, reach out to MarkNtel Advisors and get a personalized analysis of the Asia-Pacific Digital Respiratory Device Market. Out researchers compile data for the stakeholders, incorporating all the prominent aspects influencing the industry expansion alongside the particular chapters requested. This detail-driven, unbiased, and accurate data on grounds curating the fundamentals underlying the market potential & lucrative opportunities shall benefit the investors in numerous ways in the future.
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