Respiratory Care Devices Market - APAC is Expected Fastest Growing Region by 2020

Press Release   •   Dec 04, 2015 08:23 EST

Respiratory care devices market is estimated to reach USD 21.9 billion at 9.6% CAGR to 2020. Large share of this segment is mainly attributed to financial capabilities of hospitals to purchase high-priced instruments as well as the availability of trained professionals to operate respiratory care devices.

Respiratory Care Devices Market is primarily driven by the rising incidences of respiratory diseases, increasing geriatric population, growing focus on monitoring respiratory diseases, rising demand for home healthcare, and increasing incidences of preterm births. Hospitals segment accounted for the largest share of around 60% to 65% of the market. In 2014, North America accounted for the largest share to the global respiratory care devices market, followed by Europe, Asia-Pacific, Latin American, and the Middle East & Africa. However, Asia-Pacific is expected to be fastest-growing region. owing to rapidly aging population, increased accessibility to healthcare facilities, & rising healthcare expenditure. Home care end-user segment is expected to witness highest growth during the forecast period, mainly due to development of compact & lightweight respiratory care devices that are easier to carry and operate.

Browse 190 market data table & 44 figure spread through 240 page and in-depth TOC on "Respiratory Care Devices Market” http://www.rnrmarketresearch.com/respiratory-care-devices-market-by-product-therapeutic-ventilator-mask-pap-device-inhaler-nebulizer-monitoring-pulse-oximeter-capnograph-diagnostic-consumables-accessories-by-end-user-hospital-home-care-global-forecast-to-202-market-report.html .

Respiratory care devices market report is segmented on the basis of products and end users. Therapeutic devices segment is further divided into humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, reusable resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods. Monitoring devices segment is categorized into pulse oximeters, capnographs, and gas analyzers. Diagnostic segment is sub segmented into spirometers, peak flow meters, polysomnography (PSG) devices, and other diagnostic devices; while, consumables & accessories segment is subdivided into disposable masks, disposable resuscitators, tracheostomy tubes, nasal cannulas, and other consumables & accessories. On basis of products, respiratory care devices market is divided into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories.

Market Drivers

1 Rapid Aging of Global Population

2 Rising Prevalence of Respiratory Diseases

3 Increasing Incidence Rate of Preterm Births

4 Urbanization and Growing Pollution Levels

5 High Prevalence of Tobacco Smoking

6 Changing Lifestyle

Market Restraints

1 Reimbursement Concerns

2 Availability of Low-Cost Products From Local Manufacturers

Market Opportunities

1 Growing Demand for Home Care Therapeutic Devices

2 High Growth in Developing Countries Across Apac and Latin America

3 Point-Of-Care Diagnostics—An Upcoming Opportunity

Market Challenges

1 Lack of Awareness and Large Underdiagnosed and Undertreated Population

2 Harmful Effects of Certain Devices on Neonates

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The global respiratory care devices market is fragmented; some of major players in this market are Philips Healthcare (Netherlands), Res Med, Inc. (U.S.), Covidien plc (Ireland), Masimo Corporation (U.S.), Fisher and Paykel Healthcare Limited (New Zealand), CareFusion Corporation (U.S.), Invacare Corporation (U.S.), Chart Industries, Inc. (U.S.). On the basis of end users, the respiratory care devices market is divided into hospitals and home care. In addition, country-wise segmentation of each region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) is also provided in the report.

Priced at $4650 for a single user PDF, a sample copy of “Respiratory Care Devices Market by Product (Therapeutic (Ventilator, Mask, PAP Device, Inhaler, Nebulizer), Monitoring (Pulse Oximeter, Capnograph), Diagnostic, Consumables & Accessories) & by End User (Hospital, Home Care) - Global Forecast to 2020research report can be requested at http://www.rnrmarketresearch.com/contacts/request-sample?rname=415823 .

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