The most recent study conducted by Report Ocean, titled “Global Respiratory Care Devices Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Respiratory Care Devices. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global respiratory care devices market to reach USD 30.1 billion by 2027. Global respiratory care devices market to reach USD 30.1 billion by 2027. Global respiratory care devices market is valued approximately at USD 17 billion in 2020 and is anticipated to grow with a healthy growth rate of about 8.5% over the forecast period 2021-2027. Respiratory care devices are used to diagnose, monitor, and treat respiratory diseases such as tuberculosis, chronic obstructive pulmonary disease (COPD), pneumonia and asthma. These devices offer enhanced care to patients suffering from chronic and acute respiratory diseases. The global respiratory care devices market is being driven by rapid growth in the global geriatric population and urbanization and growing pollution levels.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw4076
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Furthermore, point-of-care diagnostics will provide new opportunities for the global respiratory care devices industry. There has been a significant growth expected in the elderly population across the globe. For instance, according to the United Nations, worldwide geriatric population is expected to touch 1.5 billion by 2050 from approximately 727 million persons in 2020.
This is expected to increase the prevalence of respiratory diseases in elderly population and hence increase the demand and adoption of respiratory care devices. Therefore, this would promote the market growth. However, high cost of CPAP machines may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global respiratory care devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global respiratory care devices market over the forecast period 2021-2027. Factors such as increasing healthcare expenditure, presence of a large number of respiratory patients, technological advancements and developments, etc. contribute towards the largest market share of the region in the forecast years.
Major market player included in this report are:
Philips Healthcare
ResMed Inc.
Medtronic plc.
Masimo Corporation
Fisher & Paykel Healthcare
Drager AG
Invacare Corporation
Nihon Kohden
Getinge AB
Air Liquide
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw4076
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Therapeutic Respiratory Care Devices
Respiratory Care Monitoring Devices
Diagnostic Respiratory Care Devices
Consumables and Accessories
By Disease Indications:
COPD
Sleep Apnea
Asthma
Infectious Diseases
Others
By End User:
Hospitals
Home Care
Ambulatory Care
By Region:
North America
U.S.
Canada
Europe
UK
To Get More Business Strategies For Request Sample Report:-https://reportocean.com/industry-verticals/sample-request?report_id=bw4076
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
Request Full Report – https://reportocean.com/industry-verticals/sample-request?report_id=bw4076
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com