Respiratory Devices Market Size, Share, Growth | Forecasts (2018 - 2023)
Global Respiratory Devices Market - Segmented by Type and Geography - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

AUG 2018

Global Respiratory Devices Market - Segmented by Type and Geography - Growth, Trends, and Forecast (2018 - 2023)

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Respiratory Devices Market

The respiratory devices market is expected to register a CAGR of about 12%, during the forecast period. As per the scope of the report, respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia. Furthermore, respiratory inhalers, which are classified as combination products, have been considered as medical devices.

Increase in the Technological Advancements

The respiratory devices market is now shifting to incorporate more ergonomic design features to simplify the administration process for both patients and medical practitioners. The main aim is to develop innovative devices with higher yield, reduced patient discomfort, without any complications and better interventional options. Another factor driving innovation is the primary packaging section, which is seeing tougher safety requirement to prevent internal injuries, leading to the development of new primary packaging systems that are more ergonomic in nature and easier to use. For example, the growth of bacteria on the endotracheal tube and may reenter the lungs, thus, modifications to this tube to prevent bacterial growth and to reduce the pressure against the tracheal wall is developed. Furthermore, these advances are expected to make it affordable to the patient population, thereby, reducing healthcare costs. All these advances are helping to cater the huge demands created by the markets and these technological advancements make the process easier for the patient to undergo and are a major boost in driving the growth of the market. Along with these, increased disposable income and rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, and asthma and pneumonia cases is likely to lead to the growth of the market.

Expensive Devices

Developing and underdeveloped countries have a low per capita income making advanced medical treatments unaffordable. It is estimated that the procedures tend to be on the expensive side with major products also costing high. This scenario places a major burden on the healthcare systems worldwide, accompanied by additional costs of litigation increasing in the recent times. Healthcare practitioners need to be aware of both the direct and indirect costs and consider how the implementation of prevention protocols may offer cost savings in the longer term. Along with this, increased sophistication in devices will lead to slow down in the growth of the market.

North America to Show Largest Respiratory Devices Market Share

North America currently dominates the market for respiratory devices and is expected to continue its stronghold for a few more years. Asia Pacific region is expected to increase its market share in the future owing to the increase in technological advancements in the respiratory device market. The Global Respiratory Devices Market is segmented on the basis of Diagnostic & Monitoring Devices (Spirometer, Sleep Test Devices, Peak Flow Meters & Pulse Oximeters), Therapeutic Devices (CPAP Devices, Bi-PAP Devices, Humidifiers, Breathing Circuits, Nebulizers, Oxygen Concentrators & Ventilators), Disposables (Masks, Cannulas, Tubes, & Filters), and Region (North America, Europe, Middle East & Africa and South America).

                          Respiratory Devices Market

Key Developments in Respiratory Devices Market

  • October 2016  – Medtronic Respiratory and Monitoring Solutions Recalled Battery Pack Used on Patient Monitors Due to Potential Fire Risk

The major players include - Chart Industries Inc., DeVilbiss Healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare, GlaxoSmithKline PLC, Invacare Corporation, Koninklijke Philips NV, Medtronic PLC, and ResMed Inc., among others.

Reasons to Purchase Respiratory Devices Market Report

  • Current and future respiratory devices market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of Respiratory Devices Market Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

1. INTRODUCTION

                1.1 Market Definition

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. KEY INFERENCES

5. MARKET OVERVIEW AND INDUSTRY TRENDS

                5.1 Current market scenario

                5.2 Porters Five Force Analysis

                                5.2.1 Bargaining Power of suppliers

                                5.2.2 Bargaining power of buyers

                                5.2.3 Degree of competition

                                5.2.4 Threat of substitution

                                5.2.5 Threat of new entrants

6. DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)

                6.1 Drivers

                                6.1.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea

                                6.1.2 Technological Advancements and Increasing Applications in Homecare Setting

                6.2 Restraints

                                6.2.1 High Cost of Devices and Treatment

                6.3 Opportunities

                6.4 Challenges

7. Market Segmentation

                7.1 By Type

                                7.1.1 by Diagnostic and Monitoring devices

                                                7.1.1.1 Spirometers

                                                7.1.1.2 Sleep Test Devices

                                                7.1.1.3 Peak Flow Meters

                                                7.1.1.4 Pulse Oximeter

                                                7.1.1.5 Capnographs

                                7.1.2 by Therapeutic Devices

                                                7.1.2.1 CPAP Devices

                                                7.1.2.2 BI-PAP Devices

                                                7.1.2.3 Humidifiers

                                                7.1.2.4 Nebulizers

                                                7.1.2.5 Oxygen Concentrators

                                                7.1.2.6 Ventilators

                                                7.1.2.7 Inhalers

                                                7.1.2.8 Other Therapeutic Devices

                                7.1.3 by Disposables

                                                7.1.3.1 Masks

                                                7.1.3.2 Breathing Circuits

                                                7.1.3.3 Other Disposables

                 7.2 By Geography

                                7.2.1 North America

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                                7.2.1.3 Mexico

                                7.2.2 Europe

                                                7.2.2.1 UK

                                                7.2.2.2 Germany

                                                7.2.2.3 France

                                                7.2.2.4 Italy

                                                7.2.2.5 Spain

                                                7.2.2.6 Rest of Europe

                                7.2.3 Asia-Pacific

                                                7.2.3.1 China

                                                7.2.3.2 Japan

                                                7.2.3.3 India

                                                7.2.3.4 Australia

                                                7.2.3.5 South Korea

                                                7.2.3.6 Rest of Asia-Pacific

                                7.2.4 Middle East & Africa

                                                7.2.4.1 GCC

                                                7.2.4.2 South Africa

                                                7.2.4.3 Rest of Middle East & Africa

                                6.2.5 South America

                                                6.2.5.1 Brazil

                                                6.2.5.2 Argentina

                                                6.2.5.3 Rest of South America

8. COMPETITIVE LANDSCAPE

                8.1 Mergers & Acquisitions

                8.2 New Product Launches

                8.3 Agreements, Collaborations & Partnerships

9. KEY PLAYERS

                9.1 Chart Industries Inc.

                9.2 DeVilbiss Healthcare LLC

                9.3 Dragerwerk AG

                9.4 Fisher & Paykel Healthcare Ltd

                9.5 GE Healthcare

                9.6 GlaxoSmithKline PLC

                9.7 Invacare Corporation

                9.8 Koninklijke Philips NV

                9.9 Medtronic PLC

                9.10 ResMed Inc

                *List not Exhaustive

10. FUTURE OF THE MARKET

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