U.S (New York)-This Respiratory Care Devices Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
Respiratory care devices are used in hospital and homecare settings. The respiratory care devices market has experienced a paradigm shift from stationary to portable devices. Increased adoption of portable devices is a significant trend in the industry. Respiratory care is a healthcare specialty that focuses on improving cardiopulmonary function and promoting health and wellness. Respiratory care devices are majorly categorized into therapeutic, diagnostic, & monitoring devices; and consumables & accessories. These devices are majorly used to in the treatment of medical conditions such as asthma, COPD, and other acute & chronic respiratory diseases.
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The global market is driven by factors such as increase in prevalence rate of respiratory diseases, rapid urbanization, increase in pollution level, growth in geriatric population, and increase in tobacco consumption worldwide. In addition, factors such as proactive governmental support have fueled the market growth. Moreover, high demand for therapeutic devices in homecare settings and increased healthcare spending are expected to provide lucrative opportunities for market players. However, large pool of undiagnosed population and risks associated with certain therapeutic devices for neonates hamper the growth of the respiratory care devices market.
The report segments the global respiratory care devices market on the basis of product, end user, and geography. Based on the type of product, the market is categorized into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories. Therapeutic respiratory care devices are sub segmented into positive airway pressure (PAP) devices, which include continuous positive airway pressure (CPAP) devices, automatic positive airway pressure (APAP) devices, and bi-level positive airway pressure (BPAP) devices; masks, which include nasal mask, full-face mask, nasal pillow mask, and oral masks; ventilators; nebulizers; humidifiers; oxygen concentrators, which include fixed and portable oxygen concentrators; inhalers, which comprise dry powder inhalers and metered dose inhalers; reusable resuscitators, which include adult and neonatal resuscitators; nitric oxides delivery units; capnographs, gas analyzers, and oxygen hoods. Respiratory care monitoring devices include pulse oximeters, which is further segmented into pediatric pulse oximeters, wrist-worn pulse oximeters, handheld oximeter, fingertip pulse oximeter, and table-top/bedside pulse oximeters. The diagnostic respiratory care devices market is segmented into spirometers, polysomnography (PSG) devices, and peak flow meters. The respiratory care consumables and accessories devices market is categorized into disposable resuscitators, tracheostomy tubes, nasal cannulas, disposable masks, and other consumables & accessories. The end users of the industry are homecare settings and hospitals. The global market is segmented based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA.
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The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
The report provides a quantitative analysis of the industry for the period of 2014-2022 to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market helps in understanding the trending respiratory care products used for therapeutic, monitoring, and diagnostic applications.
Competitive intelligence of the industry highlights the business practices followed by leading players across various regions.
Comprehensive analyses of the market at the regional and country levels are provided to determine the prevailing opportunities across these geographies.
Key Players
Koninklijke Philips N.V.
Hamilton Medical AG
Fisher & Paykel Healthcare Limited
ResMed, Inc.
Invacare Corporation
Chart Industries Inc.
Drager Safety AG & Co. KGaA
Becton, Dickinson and Company
Masimo Corporation
Medtronic plc
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Other players operating in the industry (profiles not included in the report)
3B Medical, Inc.
Medline Industries Inc.
Acare Technology Co., Ltd.
Allied Healthcare Inc.
Hill-Rom Holdings Inc.
Rotech Healthcare Inc.
KEY MARKET SEGMENTS
BY PRODUCT
Therapeutic devices
Positive Airway Pressure (PAP) Devices
Continuous Positive Airway Pressure (CPAP) Devices
Automatic Positive Airway Pressure (APAP) Devices
Bi-Level Positive Airway Pressure (BPAP) Devices
Masks
Nasal Masks
Full-face Masks
Nasal Pillow Masks
Oral Masks
Ventilators
Nebulizers
Humidifiers
Oxygen Concentrators
Fixed Oxygen Concentrators
Portable Oxygen Concentrators
Inhalers
Dry Powder Inhalers
Metered Dose Inhalers
Reusable Resuscitators
Adult Resuscitators
Infant/Neonatal Resuscitators
Nitric Oxide Delivery Units
Capnographs
Gas Analyzers
Oxygen Hoods
Monitoring Devices
Pulse Oximeters
Pediatric Pulse Oximeters
Wrist-worn Pulse Oximeters
Handheld Oximeter
Fingertip Pulse Oximeter
Table-top/bedside Pulse Oximeters
Diagnostic Devices
Spirometers
Polysomnography (PSG) Devices
Peak Flow Meters
Consumables and Accessories
Disposable Resuscitators
Tracheostomy Tubes
Nasal Cannulas
Disposable Masks
Other Consumables and Accessories
By End User
Hospitals
Homecare Settings
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By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Malaysia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Egypt
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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