Tag Archives: Respiratory Devices Market

Respiratory Devices Market Expected to Witness a Significant Growth By 2022

Market Outlook:

Respiratory Devices are used for diagnosis, monitoring, and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide enhanced care to patients suffering from such acute and chronic 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 device and lead to complications in breathing. The incidence of respiratory diseases is expected to increase in the near future; thereby driving the global respiratory devices market.

Respiratory Devices Market | Quantitative Market Analysis, Current and Future Trends

Transparency Market Research (TMR) in one of its recent reports observes The Global Respiratory Devices Market to be fragmented with the presence of several small and medium-size companies that operate in niche market segments. In order to sustain the competition, leading players are striving to leverage new technologies to upgrade their existing products as well as to expand their product portfolios.

Some of the key players in the global respiratory devices market are Chart Industries Inc., Koninklijke Philips N.V., Resmed Inc., GE Healthcare, Becton, Dickinson and Company, Teleflex Incorporated, Medtronic plc, Smiths Medical, Drägerwerk AG & Co., KGaA, Fisher & Paykel Healthcare Limited, and Getinge AB.

Global Respiratory Devices Market Analysis Highlighting CAGR Growth at 9.2% for the Forecast Period until 2027

It has been analyzed that, the global market for respiratory devices is advancing due to several factors such as aging population and increasing prevalence of respiratory diseases such as asthma and chronic obstructive pulmonary disease. To further elaborate, a new study has been added to the vast database of Market Research Reports Search Engine (MRSSE) which discusses the global demand for respiratory devices. The research report is titled “Respiratory Devices Market: Global Industry Analysis and Opportunity Assessment, 2017-2027”, which presents a comprehensive overview of the global market, with a stern focus on facets such as prime regions and players.

Respiratory Devices Market to Reach Revenue US$ 34.17 billion by 2027 End

The global respiratory devices market was valued at nearly US$ 13 billion in 2016. It is projected to grow at 9.2% CAGR during the period 2017-2027 to reach US$ 34.17 billion in revenues.

Demand for respiratory devices will continue to be driven by increasing ageing population and rising prevalence of COPD and obstructive sleep apnea. Increasing emphasis on healthcare spending in developing countries, especially in Asia Pacific and Latin America, will continue to positively influence the growth of the market.

Adoption of non-invasive techniques in pulse oximeters and advancement in full polysomnography testing are also favourably impacting the growth of the market.

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