openPR Logo
Press release

Boost in Technology Driving the Respiratory Devices Market Globally

10-27-2017 08:55 AM CET | Health & Medicine

Press release from: Future Market Insights

Boost in Technology Driving the Respiratory Devices Market

The global respiratory devices market was valued at nearly US$ 13 billion in 2016. It is projected to grow at 9.2% CAGR during the period 2017-2027 to reach US$ 34.17 billion in revenues.

Demand for respiratory devices will continue to be driven by increasing ageing population and rising prevalence of COPD and obstructive sleep apnea. Increasing emphasis on healthcare spending in developing countries, especially in Asia Pacific and Latin America, will continue to positively influence the growth of the market.

Adoption of non-invasive techniques in pulse oximeters and advancement in full polysomnography testing are also favourably impacting the growth of the market.

Although Future Market Insights maintains a positive outlook on the global respiratory devices market, premium pricing, budgetary constraints, and increasing use of generic product types can impede the growth of the market.

View Full Report TOC, Figures and Tables @

The key trends expected to influence the global respiratory devices market in the foreseeable future are,

Portable and wearable devices are steadily gaining popularity among patients owing to ease-of-use and flexibility in carrying the devices.

Growing demand for stationary oxygen concentrator with pulse flow technology and rechargeable batteries.

Increasing demand for respiratory devices in Asia Pacific on account of rising prevalence of chronic obstructive pulmonary diseases. Multinational companies are focusing on consolidating their position in developing countries to leverage upon the emerging opportunities.

Positive Airway Pressure Devices Account for the Highest Demand

According to Future Market Insights’ research, positive airway pressure devices currently account for the highest demand. This segment accounted for nearly 29% revenue share of the market in 2017; by 2027, this is projected to increase to 34.6%. In terms of revenues, positive airway pressure devices segment is projected to reach US$ 11.81 billion in revenues by 2027.

Request Sample Report @

Other key product types by revenue are respiratory consumables (respiratory masks, nasal cannulas, tracheostomy tubes and oxygen tubes) and pulse oximeters.

Future Market Insights also offers market forecast and analysis on other key respiratory devices, including nebulisers, oxygen concentrators, polysomnography devices, mechanical ventilators, and spirometers.

Hospitals Largest End-users

By end-user, the key segments include hospitals, ambulatory surgical centres, clinics, and long-term care centres. Currently, hospitals account for the highest demand for respiratory devices, followed by ambulatory surgical centres and long-term care centres. Demand for respiratory devices from hospitals was worth US$ 5.18 billion in 2016; by 2027, this is projected to grow at 9.8% CAGR to reach US$ 14.36 billion.

U.S. Continues to Account for Significant Percentage of Global Sales

The U.S. remains the largest market for respiratory devices globally. On the back of strong sales in the U.S., the North America respiratory devices market accounted for over 40% revenue share of the market in 2016. Future Market Insights projects North America to remain the largest market for respiratory devices during the period 2017-2027.

Need more information about Report methodology ?

Western Europe and APEJ are the other leading markets for respiratory devices. These two markets collectively accounted for a revenue share of over 35% in 2016.

Future Market Insights, in its report, has also profiled the respiratory devices market in Latin America, Eastern Europe, Japan, and MEA.

In its report, companies profiled by Future Market Insights are Massimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed Inc, Hamilton Medical AG, Medtronic PLC, Koninklijke Philips N.V., Smiths Medical, General Electric Healthcare Limited, Drägerwerk AG & Co. and KGaA, Inogen Inc.

Buy Full Respiratory Devices Market Report @

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Boost in Technology Driving the Respiratory Devices Market Globally here

News-ID: 789246 • Views: 173

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Devices

Anesthesia Monitoring Devices Market
Anesthesia Monitoring Devices Market was valued at USD 1035 Million in 2016 and is expected to reach USD 3272 Million by 2026, at a CAGR of 12.2%.(Detailed analysis of the market CAGR is provided in the report)Anesthesia Monitoring Devices MarketThe use of anesthesia monitoring device is to monitor a patient’s response towards anesthetic drugs during a surgery procedure. The Market for anesthesia monitoring devices primarily depends on increasing life expectancy
Digital Microfluidic Devices Market
This report studies the Digital Microfluidic Devices Market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions. This report presents the worldwide Digital Microfluidic Devices market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market
Global Electrosurgical Devices Market
According to a new report Global Electrosurgical Devices Market (2016-2022), published by KBV Research, the global Electrosurgical Devices market is expected to attain a market size of $5.3billion by 2022, growing at a CAGR of 6.2% during the forecast period. The Electrosurgical Instruments market dominated the Global Electrosurgical Devices Market by Product in 2015, and would continue to be a dominant market till 2022. The Argon & Smoke Management Systems market
Aesthetic Devices-Medical Devices Pipeline Assessment 2017 published “Aesthetic Devices-Medical Devices Pipeline Assessment 2017” from its database. The report reviews top companies involved and enlists all trials pertaining to the company. Report provides latest news for the past three months. Original Content: Publisher's Medical Devices sector report, "Aesthetic Devices-Medical Devices Pipeline Assessment, 2017" provides an overview of Aesthetic Devices currently in pipeline stage. The report provides comprehensive information on the pipeline products with comparative analysis of the products at
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Viscosupplementation Devices – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Viscosupplementation’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Viscosupplementation market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Viscosupplementation market growth. It takes into account aspects such as drivers, restraints, challenges, and opportunities that impact