The market for respiratory disposables and reusable accessories is currently witnessing dynamic changes, thus making it one of the most important device sectors. The market factors influencing demand are the same globally. These include the aging of the population, technological trends and government regulation and fiscal policy.
This Kalorama Information report, The World Market for Respiratory Equipment and Disposables represents Kalorama's latest analysis of this dynamic medical device segment. Included in this global report are market estimates and forecasts for the following segments:
- Metered Dose Inhalers
- Dry Powder Inhalers
- Airway Management Devices
- Endotracheal Tubes
- Tracheostomy Tubes
- Nasopharyngeal Catheters
- Nasal Cannulae
- Emergency Airways
- Airway Masks
- Oxygen Masks
- Pulmonary Resuscitators
- Resuscitator Masks
- Positive Airway Pressure Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- CPAP Mask Accessories
- Bi-Level CPAP Devices
- Bi-Level Device Accessories
- Mechanical Ventilators
- Critical Care Ventilators
- Portable Ventilators
- Disposable Ventilators
- Reusable Ventilators
- Anaesthesia Ventilator Circuits
- Oxygen Systems
- Heated Humidifier Disposable Reservoirs
- Heated Humidifier Reusable Reservoirs
- Disposable Heat/Moister Exchangers (HMEs) in Portable Ventilators
- Pass-Over Humidifiers
- Disposable HMEs in Anesthesia Ventilators
- Respiratory Measurement Devices
- Pulse Oximetry Sensors
- Peak Flow Meters
Within each segment, historical unit sales and dollar volume are provided. Projections are provided to 2015. Competitive market share is also provided by leading competitor for the base year of 2009.
The report covers not only market estimates and forecasts in these categories and sub categories within, but also addresses the trends affecting the market today. Variations in product specifications, regulatory approval processes, distribution requirements and reimbursement policies require equipment suppliers to tailor their approach.
Respiratory Market Trends
The key factors affecting the industry are:
- Regulatory Changes : The Montreal protocol enacted in 2005 addressed the effect of CFCs on the depletion of the ozone layer. The subsequent reduction in greenhouse gases resulted in the ban of CFCs in 2008 and impacted the demand for HFA-based inhalers after 2008. Hence CFC based inhalers were replaced by HFAs (hydrofloro alkanes).
- Increased Research and Development Efforts : New innovative products are in the development pipeline, including combination agents that will reduce the usage of single use and multiple dose agents and provide better patient convenience and compliance. These new products will also reduce the volume consumption for certain single use agents. Equipment manufacturers are now focusing on total patient management by offering remote monitoring features to the devices. The product differentiation primarily is focused on faster, smaller, lighter and more user friendly devices that offer remote patient management capabilities
- Demographic Shifts: There will be an increase in number of people over 65 years. This trend will lead to greater use of home care and respiratory therapies. Also, an increase in life expectancy will continue to increase the life time value of customers for companies in the respiratory disposables industry. The respiratory equipment and disposables industry is expected to continue to experience favorable demographics due to the aging of the population. The number of Americans aged 65 or older is expected to increase to 45 million by 2012, 54 million by 2020 and 70 million by 2030. All in all, the current market dynamics will reshape the respiratory disposables and reusable accessories market significantly.
- Increased Home Care Products: Home care is expected to increase in popularity among the Medicare eligible patient population. This development is expected to result in increased cost savings for insurance firms and increased demand for home based respiratory equipments. Technological advances have made medical equipment increasingly adaptable for use in the home. Current hospital procedures often allow for earlier patient discharge, thereby lengthening recuperation periods outside of the traditional institutional setting. Continuing medical advances prolong the lives of adults and children, increasing the demand for home medical care equipment.
- Health Care Cost Containment: Expenditures in the US on health care surpassed $2.3 trillion in 2008, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980.
- Distribution Channels: The home health equipment manufacturers continuously come up with new ways of reaching their end users. The distribution network for products has expanded to include not only specialized home health care providers and extended care facilities, but also retail drug stores, surgical supply houses, rental, hospital and HMO-based stores, home health agencies, mass merchandisers, direct sales and the internet. Internet based dealers now account for 10% of respiratory equipment sales. Products found on the internet are often priced at a 25% to 30% discount. The internet dealer market space is expected to continue to grow in popularity.
A Note About Methodology
The market forecast in the current report is calculated by bottom-up approach (i.e. taking into account the number of patients in each market and multiplying the number of patients by average unit price for each equipment). In addition, the average refill rate for some disposable equipment is calculated based on epidemiological studies conducted by the hospitals/clinics and researchers.The differences in the numbers in 2008 report and the current report is that the current report has bottom-up approach versus 2008 report that had numbers derived from third-party discussions.
Kalorama has a decade of experience reporting on respiratory markets and while many top companies in this industry use Kalorama for business planning, we have found a divergent range of opinions about units and dollars of various products sold in the market. Kalorama has carefully considered opinions from many in the industry as well as examined data from various company and government sources. The report reflects Kalorama Information's estimate for the respiratory equipment and disposables market. Kalorama's estimate is based on the methodology above. Purchase of this report represents a purchase of Kalorama's research efforts and our analyst estimate and opinion in order to supplement one's understanding of this market. We are not privy to the research methodology of other publishers and will not address questions including those that involve comparisons to other market research publishers or the company's internal research. Purchase of the report does not include consulting or assistance. Kalorama will not engage in discussions outside the specific material already covered in the report after purchase. Once content is viewed this report purchase should be considered final.
Each update of this report reflects a new research effort and thus there will be variations between this report and the 2008 edition.
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