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(Medical-NewsWire.com, July 14, 2017 ) According to the report Global Respiratory Devices Market published by Market Data Forecast, the global market is projected to reach USD 22.63 billion by 2021, at a CAGR of 9.40 % from 2016-2021.
Respiratory devices are medical devices that are used to aid patients who are suffering from respiratory problems and cannot attain sufficient oxygen levels to sustain life.
Respiratory diseases are the principal cause of deaths globally. Lung infections like pneumonia and lung cancer, chronic obstructive pulmonary disease (COPD), and tuberculosis together accounted for around 12.5 million deaths globally during 2015, which is on-fifth of the worldwide total. These devices help in the elimination of mucus from the respiratory airways and in doing so enhance the pulmonary function.
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Global Respiratory Devices Market: Drivers & Restraints
The growth of the Global Respiratory Devices Market is mainly driven by factors such as an increase in the prevalence of respiratory diseases such as asthma and COPD, technological advancement in the healthcare industry, rising aging population, high prevalence of smoking, rising urbanization and pollution levels, and lifestyle changes. However, lack of Public awareness, growing healthcare cost containment pressure and harmful effects of certain respiratory care devices on neonates in the emerging regions are the main factors hindering the growth of the market.
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Global Respiratory Devices Market: Segmentation
By Type
• By Therapeutic Devices
o BI-PAP Devices
o Nebulizers
o Ventilators
o Resuscitators
o CPAP Devices
o Humidifiers
o Oxygen Concentrators
o Inhalers
• By Diagnostic and Monitoring Devices
o Sleep Test Devices
o Pulse Oximeter
o Spirometers
o Peak Flow Meters
o Capnographs
• By Disposables
o Cannulas
o Filters
o Masks
o Tubes
o Breathing Circuits
By End Users
• Hospitals
• Home Care
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization.
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Global Respiratory Devices Market: Overview
According to the AMR analysis, the pulse oximetry market is expected to grow at a steady rate throughout the forecast period. Smart pulse oximeters devices have gained popularity as compared to other respiratory care devices in the recent years. It has become a vital tool for clinicians for continuous monitoring of a patient’s arterial oxygen saturation (SaO2) by calculating an estimate of the SaO2 (known as the SpO2) using an algorithm, and displaying the readout.In 2015, the therapeutic devices segment accounted for the major share of the global respiratory devices market. This is mainly accredited to the growing adoption of several therapeutic devices such as nebulizers, PAP devices, humidifiers, and oxygen concentrators due to increase in the elderly populace and increasing frequency of respiratory diseases.
The global geriatric population has witnessed an unprecedented increase in the recent years. Aging is associated with progressive decline in lung function and increase in prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma. The respiratory system undergoes various anatomical, physiological, and immunological changes with increase in age. The structural changes, including deformities in chest wall and thoracic spine, impair the functioning of the respiratory system and lead to complications in breathing. The incidence of respiratory diseases is expected to increase in the near future; thereby driving the global respiratory care monitoring devices market.
Global Respiratory Devices Market: Region-wise Outlook
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Highly advanced healthcare systems and mounting healthcare costs are the main factors responsible for the large shares of North America and Europe in the global respiratory care devices market. However, the Asia-Pacific region is projected to grow at the highest CAGR, owing to the presence of a vast pool of respiratory patients.
Key Questions Answered
• What will be the market growth till 2021 and what will be the resultant market forecast in the year?
• What was the market size from 2016 to 2021 ?
• What is the current and future Respiratory Devices Market outlook in worldwide?
• What trends are affecting the Global market?
• What is the competitive landscape and market share of major players in the Respiratory Devices space in global?
• What are the key, high growth markets that Respiratory Devices Market manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Respiratory Devices Market currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Respiratory Devices Market?
• What are the challenges and barriers that have hindered widespread adoption of Respiratory Devices Market?
Global Respiratory Devices Market: Key Players
Some of the major companies dominating the Respiratory Devices market in worldwide are Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Covidien plc, and CareFusion Corporation.
Reasons to buy Global Respiratory Devices Market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Source: EmailWire.Com 
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