global-respiratory-devices-market-industry
Published

October 2017

Respiratory Devices Market - Global Trends, Analysis and Forecasts (2016-2021)

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Respiratory Devices Market

The market for the period 2017-2022 is expected to account for USD XX billion in 2022, 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.

Drivers

  • 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

Restraints

  • 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:

  • 3M
  • AstraZeneca PLC
  • GE Healthcare
  • GlaxoSmithKline
  • Medtronic
  • Philips Healthcare

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