Tuesday, 16 March 2021

Global Respiratory Care Devices Market to Witness Steady Growth through 2023

 The respiratory care devices market is projected to grow at a CAGR of 10.1% during the forecast period 2018–2023. As per the respiratory care devices market research report, the global market for respiratory care devices is projected to grow rapidly. According to analysts, the rising incidences of chronic pulmonary diseases as well as increasing frequency of respiratory diseases will drive the market growth during the forecast period. The respiratory care devices market research report offers a comprehensive analysis of the global respiratory care devices market and its accessories and consumables, application, diagnostic devices, monitoring devices, therapeutic devices, and end-users segments. The lack of awareness along with intense competition are the elements that could influence the respiratory care devices market advancement throughout the forecast period. The respiratory care devices market research report by expert analysts is developed to assist organizations in the respiratory care devices market.

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Market Segmentation

The global respiratory care devices market has been segmented based on accessories and consumables, application, diagnostic devices, monitoring devices, therapeutic devices, and end-users. On the basis of accessories and consumables, the market for respiratory care devices is segmented based on disposable resuscitators, nasal cannulas, tracheostomy tubes, disposable masks, and other consumables and accessories. Additionally, the market on the basis of application, is segmented into asthma, infectious diseases, sleep apnea, chronic obstructive pulmonary disease (COPD), and other diseases. The global market for respiratory care devices is also covered based on the diagnostic devices segment which is further split into peak flow meters, polysomnography (PSG) devices, spirometers, and other diagnostic devices. On the basis of monitoring devices, the market for respiratory care devices is segmented based on capnographs, gas analyzers, pulse oximeter equipment, pulse oximeter sensors, and pulse oximeters. Additionally, the market on the basis of therapeutic devices, is segmented into humidifiers, inhalers, masks, nebulizers, nitric oxide delivery units, oxygen concentrators, oxygen hoods, reusable resuscitators, ventilators, and pap devices. The global market for respiratory care devices is also covered based on the end-users segment which is further split into ambulatory care, clinics, home care, hospitals, and others.

Major elements such as the high cost of the device and the respiratory surgery could obstruct the respiratory care devices market growth. However, according to the respiratory care devices market research report, rapid urbanization along with increasing geriatric population will propel growth throughout the forecast period. The respiratory care devices market is set to register growth at a high CAGR owing to these key factors. The exploration of accessories and consumables, application, diagnostic devices, monitoring devices, therapeutic devices, and end-users segments along with regional markets has been given in the global respiratory care devices market research report. The research analysts studying the respiratory care devices market have put out market forecasts in the respiratory care devices market research report in order to support respiratory care devices market-based companies. The respiratory care devices market research report provides an extensive understanding of the respiratory care devices market based on the information and forecasts till 2023.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for respiratory care devices are predominantly covered in the global respiratory care devices market research report. Country-level respiratory care devices markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level respiratory care devices markets are covered in the report. In Asia-Pacific (APAC) region, the country-level respiratory care devices markets covered are Japan, China, India, South Korea, and Australia. The respiratory care devices market research report also explores the regional market for respiratory care devices present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The respiratory care devices market research report also covers regional markets from the rest of the world alongside respiratory care devices markets of Africa and the Middle East.

Competitive Landscape

Changes in the environment and lifestyle are presumed to drive the respiratory care devices market growth worldwide. The global respiratory care devices market could be challenged by concerns regarding effectiveness of devices and side effects, nevertheless, organizations in the respiratory care devices market will carry the growth rate forward. The respiratory care devices market research report presents company profiles of major companies active in the respiratory care devices market globally. Furthermore, the global respiratory care devices market report offers an all-inclusive analysis of the market collected from the respiratory care devices market’s primary and secondary sources covering both decision makers and thought leaders. The respiratory care devices market research report highlights such key areas assisting businesses operating in the respiratory care devices market to build better growth strategies.

Industry News

A new study of nearly 10 million ambulatory hospital visits in the United States has found that almost 12% of patients with acute breathing infections had orally or injected steroids administered, and this questionable procedure is on the increase. The analytic revealed that opioid prescriptions like prednisone have almost doubled from 2007 to 2016 to treat acute respiratory ailments.

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