Canada Respiratory Devices Market
Canada’s respiratory devices market is currently estimated to be worth USD 1.36 billion in 2014 and is expected to reach USD 2.38 billion by the end of 2019. The CAGR during this period of the forecast is projected to be 11.83%.
This escalation is developing the need to analyze, review and forecast the growth of the respiratory devices market. Owing to the rapid evolution of the market in the use of CPAP devices, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
Canada Respiratory Devices Market-Market Dynamics
The report details several factors driving and restraining the market for respiratory devices. Some of these are listed below.
Drivers
Some factors contributing to the growth of the market are:
- Large patient population
- Increase in the technological advancements
- Increased disposable income in developing nations
- Rising incidence of Chronic Obtrusive Pulmonary Disease(COPD)
Restraints
Expensive devices and increased sophistication in the use of the devices are the major challenges faced by the respiratory devices market.
The report studies the markets for different respiratory devices, which include humidifiers, resuscitators, breathing circuits, chambers, CPAP devices, masks, oxygen concentrators, nebulizers, ventilators, inhalers, tracheostomy tubes, oxygen cannulas, capnographs, and spirometers. The CPAP devices currently dominate the respiratory device market and are expected to dominate it in the future also.
What the Report Offers
- Market analysis for Canada’s respiratory devices market, with region-specific assessments and competition analysis on the global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years.
- Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
- The various applications of respiratory devices have been discussed in detail, in addition to a comprehensive overview of the market.
