Global Respiratory Care Device Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Respiratory Care Device market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global respiratory care device market size was US$ 23.9 billion in 2021. The global respiratory care device market is forecast to grow to US$ 55.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2022 to 2030.
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Medical equipment used for the diagnosis, management, care, control, treatment, and assessment of patients with cardiopulmonary disorders is referred to as a respiratory care device. These are used to treat degenerative lung disorders such as asthma, emphysema, chronic bronchitis, and other chronic and acute respiratory illnesses. Furthermore, monitoring equipment is crucial for keeping track of the health of individuals with respiratory diseases.
Factors Influencing the Market
The respiratory care device industry is expected to gain significant traction due to the outbreak of infectious diseases. For instance, the ongoing COVID-19 pandemic has surged the demand for respiratory care devices. In addition, the COVID-19 disease affected a vast proportion of the global population. As a result, the demand for ventilators increased. Thus, such incidents are expected to benefit the respiratory care device market during the study period.
Growing government investments in the healthcare sector will emerge as opportunities for the respiratory care device market. In addition, the rising prevalence of respiratory diseases will also escalate the demand for respiratory care devices during the forecast period.
The growing geriatric population will also be opportunistic for the respiratory care device market. The respiratory system experiences various anatomical, physiological, and immunological changes as the age of the person increases. Thus, it will accelerate the growth of the respiratory care device market.
COVID-19 Impact Analysis
The COVID-19 outbreak wreaked havoc on the lives of the people. While various industries recorded a sharp decline in terms of revenue, the global respiratory care device market registered steep growth. The COVID-19 disease directly affects the respiratory system. A vast percentage of the population was affected by the disease. As a result, the adoption of respiratory care devices increased to cater to the demands of the patients.
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Regional Analysis
North America is forecast to hold the highest share in the respiratory care device market, followed by Europe and Asia-Pacific. The market is forecast to record significant growth, owing to the presence of a large pool of respiratory patients, increasing healthcare expenditure, and continuously growing healthcare infrastructure. Furthermore, other factors like rising per capita income and the growing trend of tobacco smoking in Asia-Pacific will offer lucrative growth opportunities for the respiratory care device market.
Competitors in the Market
? Koninklijke Philips N.V.
? ResMed
? Medtronic
? Fisher and Paykel Healthcare Limited
? BD (U.S.)
? Chart Industries, Inc.
? Dragerwerk AG & Co. KGaA
? Hamilton Medical
? Teleflex Incorporated
? 3M
? Other Prominent Players
Market Segmentation
The global respiratory care device market segmentation focuses on Product, End-User, and Region.
By Product
? Therapeutic Devices
o PAP Devices
o Ventilators
o Nebulizers
o Humidifiers
o Oxygen Concentrators
o Inhalers
o Reusable Resuscitators
o Nitric Oxide Delivery Units
o Oxygen Hoods
? Monitoring Devices
o Pulse Oximeters
o Capnography
o Gas Analyzers
? Diagnostic Devices
o Spirometers
o Polysomnography Devices
o Peak Flow Meters
o Other Diagnostic Devices
? Consumables and Accessories
o Masks
�?� Reusable Masks
�?� Nasal Masks
�?� Full-face Masks
�?� Nasal pillow masks
�?� Oral Masks
�?� Disposable Mask
o Disposable Resuscitators
o Tracheostomy Tubes
o Nasal Cannulas
o Other Consumables and Accessories
By End-User
? Hospitals
? Home Care Settings
? Ambulatory Care Centers
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the global Respiratory Care Device market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Respiratory Care Device market over the forecast period?
- What are the factors driving and restraining the market for Respiratory Care Device?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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