The respiratory devices market for the period 2016-2021 is expected to account for USD XX billion in 2021, growing at a CAGR of XX% from USD XX billion in 2016. Respiratory therapy in India is a medical specialty focused on the treatment, management, control, diagnostic evaluation and care of patients with deficiencies of the cardiopulmonary system.
Respiratory devices help in the removal of mucus from the respiratory airways and thereby improve pulmonary function. As a result of its high propensity for respiratory diseases, India is expected to be viewed as a potential target for global medical device makers.
Global Respiratory Devices Market- Market Dynamics
The report details several driving and restraining factors for the global respiratory devices market. Some of these are listed below.
Increase in the number of patients suffering from respiratory diseases like Chronic Obstructive Pulmonary Disease (COPD), tuberculosis, asthma and pneumonia
Technological advancements in the development of better devices
Increase in disposable incomes
Increase in the demand for respiratory devices in private hospitals and clinics
Increase in sophistication of devices
High costs associated with the purchase and operation
Lack of public awareness, especially in developing countries
The global respiratory devices market can be segmented based on diagnostic services, therapeutics, disposables, and geography.
Based on diagnostic services, the market can be further segmented into spirometers, sleep test devices, peak flow meters, pulse oximeter, and capnograph.
Based on therapeutic devices, the market can be segmented into CPAP devices, BI-PAP devices, humidifiers, nebulizers, oxygen concentrators, ventilators, inhalers, and resuscitators.
Based on the type of disposable, the market is further segmented into masks, cannulas, tubes, filters and breathing circuit.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Africa & Middle East and Latin America.
Some of the key players in the market are:
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1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and forecast period years
1.6 General Study Assumptions
1.7 Report Description
2. RESEARCH METHODOLOGY
2.2 Analysis Methodology
2.3 Econometric forecast models
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND INDUSTRY TRENDS
4.1 Current market scenario
4.2 Porters Five Force Analysis
4.2.1 Bargaining Power of suppliers
4.2.2 Bargaining power of buyers
4.2.3 Degree of competition
4.2.4 Threat of substitution
4.2.5 Threat of new entrants
5. DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)
5.1 Market Drivers
5.1.1 Rise in the number of Chronic Obstructive Pulmonary Disease patients (COPD), TB, and Asthma and Pneumonia cases
5.1.2 Technological advancements in the device
5.1.3 Increased disposable income
5.2 Market Restraints
5.2.1 Cost and operational difficulty for the use of device
5.2.2 Increased sophistication in the usage of the device
5.3 Market Opportunities
5.3.1 Increase in the number of private clinics and hospitals
5.4 Key Challenges
5.4.1 Lack of public awareness
6. 6. Global Respiratory device Market Segmentation
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