Respiratory diseases are the leading cause of death worldwide, they accounted for 9.5 million deaths worldwide during 2008. Patient having a problem in his/her respiratory function and cannot achieve adequate oxygen levels to maintain life uses respiratory devices to assist them. Globally, development of efficient and advance technology, growing prevalence of respiratory diseases such as asthma and COPD, rise in the awareness among people regarding respiratory diseases, increasing government initiative across the globe, growing prevalence of tobacco smoking, rising pollution levels are the prime growth drivers of global respiratory devices market. In addition, increase in adoption of respiratory devices in emerging economies such as China, India and others, will create new opportunities for global respiratory devices market. However, higher cost of the research and development, and increasing popularity of low-cost products from local manufacturers are the key restraints for global respiratory devices market.
Respiratory Devices Market
Geographically North America dominated global respiratory devices market, because of high medical reimbursement facilities, and technological advancement. Asia Pacific is projected to have fastest growth, owing to rapidly increasing aging population, rise in consumer awareness and healthcare expenditure, favourable government policies, increasing pollution levels and incidences of respiratory diseases modernization of healthcare infrastructure, and growing medical tourism industry in developing nations such as China, and India in this region. Among all the application, hospital segment has the highest market share in global respiratory devices market due to higher prevalence of respiratory diseases.
This report identifies the global respiratory devices market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global respiratory devices market.
This report segments global respiratory devices market on the basis of type, application, and regional market as follows:
Respiratory Devices Market, By Type: Therapeutic Devices, Monitoring Devices, Diagnostic Devices, and Consumables and Accessories
The report has focused study on respiratory devices market by basis of application such as: Hospitals and Home Care
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the respiratory devices market. Some of the major companies’ profiles in detail are as follows:
Fisher & Paykel Healthcare Limited
Chart Industries, Inc.
Dräger Medical GmbH
Hamilton Medical AG
Philips Healthcare