Research Focused On the Respiratory Care Devices Market Size & Share, Growth, Trends and Forecast 2017 - 2025

The report "Respiratory Care Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The objectives of this study are as follows:

To define, describe, and forecast the "Respiratory Care Devices" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Respiratory care is a medical specialty that involves diagnostic evaluation, treatment, control, management, and care of patients with heart or lung disorder. Evaluation of the heart and lung function is aided by technologies and products which include management of airway and therapeutic devices for respiratory care also used for the treatment of acute pulmonary dysfunction and management of chronic respiratory disorder.

Respiratory care is for patients suffering from pulmonary-related diseases. The therapy includes oxygen cylinders, concentrators and conserving devices, nebulizers, suction machines, and aerosol systems. Currently, patients with respiratory tract diseases use different devices that could help them with the removal of mucus from the airways and improve pulmonary function.

Rapid urbanization and growing pollution levels, surge in tobacco smoking, increase in preterm births, and rise in respiratory diseases such as asthma, COPD, tuberculosis, and pneumonia are the major factors driving the respiratory care devices market. Moreover, rise in demand for modern technologies, increase in disposable income, and surge in demand for respiratory care devices in private hospitals and specialty clinics boost market growth. However, considerable underdiagnosed and undertreated population with respiratory disorders and high cost of respiratory care devices act as restraints of the market.

Based on device type, the global respiratory care devices market can be segmented into four types: therapeutic devices, diagnostic devices, monitoring devices, and consumables & accessories. The therapeutic devices segment can be divided into ventilators, humidifiers, masks, pap devices, nebulizers, inhalers, oxygen concentrators, nitric oxide delivery units, and others. The diagnostic devices segment can be classified into spirometers, polysomnography (PSG) devices, peak flow meters, and other devices. The monitoring devices segment can be categorized into pulse oximeters, gas analyzers, and capnographs. The consumables & accessories segment can be divided into disposable masks, tracheostomy tubes, nasal cannulas, disposable resuscitators, and others. Therapeutic devices is anticipated to be the largest segment of the market due to rapid rise in respiratory diseases such as asthma and COPD because of high pollution levels.

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In terms of indication, the global respiratory care devices market can be classified into asthma, COPD, sleep apnea, infectious lung diseases, and others. COPD is anticipated to be the fastest growing segment, as tobacco smoking is a key factor in the development and progression of COPD. According to WHO data (2004), there were 64 million patients suffering from COPD and an estimated 3 million succumbed to the disease. COPD is projected to be the third largest cause of death globally by 2030.

Based on end-user, the global respiratory care devices market can be categorized into hospitals & specialty clinics, ambulatory care, and home care. hospitals & specialty clinics is expected to be the largest segment due to modernization of hospital infrastructure, investment in premium priced respiratory devices by hospitals, and requirement of trained professionals to operate and handle respiratory devices used for the treatment.

In terms of region, the global respiratory care devices market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America was the largest market for respiratory drugs due to favorable reimbursement policies and improved diagnosis. However, Asia Pacific is the fastest growing market for respiratory care devices, with China and India developing as major markets for these devices due to growing pollution levels. India has the highest number of TB patients in the world. COPD is also rising in India accounting for 1 in 10 deaths.

Key players in the global respiratory care devices market are Philips Respronics, Smiths Medical, Inc., Hamilton Medical AG, Hill-Rom Holdings, Inc., ResMed, Inc., Becton, Dickinson and Company, Medtronic plc, Masimo Corporation, Fisher & Paykel Healthcare Ltd., Medline Industries, Inc., and Rotech Healthcare, Inc., among others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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