Market Analysis: North America Respiratory Care Devices Market
North America respiratory care devices market is registering a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to an increase in the occurrence of chronic diseases (including tuberculosis and COPD), and the price benefits of home care machines and facilities related to hospital trips are anticipated to fuel market growth.
Market Definition: North America Respiratory Care Devices Market
Respiratory care devices are instruments that are used to monitor, treat and diagnose respiratory diseases such as asthma, pneumonia, tuberculosis and chronic obstructive pulmonary disease (COPD). These instruments are used to improve pulmonary function and oxygenation of the lung. Inhalers include PAP devices, ventilators, nebulizers, and oxygen concentrators. Due to increasing illnesses, the multiple issues prevalent in North America such as an increase in the obese population and an increase in smoking population had rendered respiratory systems commonly.
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Market Drivers
• Preterm birth events have risen, which has stimulated market growth
• Lifestyle modifications have risen the incidence of multiple illnesses, which has motivated the market growth
• The increase in tobacco smoking in North America, which has boosted the market growth
• Pollution concentrations have risen with an increase in urbanization, which has boosted market growth
• The rapid increase in the seniors and the obese population, has led to the development of the business
Market Restraints
• Easy accessibility of small price products from local producers, has hindered the market growth
• Due to absence of consciousness in emerging regions, market growth has been hindered
• Various damaging impacts on respiratory neonates, have restricted market growth
Segmentation: North America Respiratory Care Devices Market
By Product
• Therapeutic Devices
o PAP Devices
 CPAP Devices
 APAP Devices
 BIPAP Devices
o Ventilators
 ICU Ventilators
• High-End Ventilators
• Mid-End Ventilators
• Basic Ventilators
 Portable/Transportable Ventilators
o Nebulizers
o Humidifiers
 Heated Humidifiers
 Passover Humidifiers
o Oxygen Concentrators
 Fixed Oxygen Concentrators
 Portable Oxygen Concentrators
o Inhalers
 Metered-Dose Inhalers
 Dry Powder Inhaler Devices
o Reusable Resuscitators
o Nitric Oxide Delivery Units
o Oxygen Hoods
• Monitoring Devices
o Pulse Oximeters
 Pulse Oximeters Sensors
 Pulse Oximeter Equipment
o Capnographs
o Gas Analyzers
• Diagnostic Devices
o Spirometers
o Polysomnography (PSG) Devices
o Peak Flow Meters
o Other Diagnostic Devices
• Consumables & Accessories
o Masks
 Reusable Masks
• Nasal Masks
• Full-Faced Masks
• Nasal Pillow Masks
• Oral Masks
 Disposable Masks
o Disposable Resuscitators
o Tracheostomy Tubes
o Nasal Cannulas
o Other Consumables & Accessories
By Indication
• Chronic Obstructive Pulmonary Disease (COPD)
• Sleep Apnea
• Asthma
• Infectious Diseases
• Other Indications
By End User
• Hospitals
• Home Care Settings
• Ambulatory Care Centers
By Country
• U.S.
• Canada
• Mexico
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Key Developments in the Market:
• In August 2019, Hill-Rom, a medical technology company, has reached a tentative agreement for the acquisition of respiratory care devices maker Breathe Technologies. The acquisition is intended to increase its variety of respiratory care, including The Vest, VitalCough, The MetaNeb System and Monarch Airway Clearance System, and highly diverse, wearable non-invasive respiratory equipment provides an exciting growth forum using our business channel and business model for instant respiratory care.
• In December 2017, BD (Becton, Dickinson and Company), a major worldwide medical technology corporation, has announced the completion of the purchase of C. R. Bard, Ltd. The merged business is unique in its position to enhance both the patient's disease therapy and the health care provider service method. The agreement develops on the leadership of BD in medication management and avoidance of infections with an extended solution providing across the care continuum. In addition, Bard's powerful inventory of products and development pipeline will improve possibilities for BD in fast-growing clinical fields.
Competitive Analysis:
North America Respiratory care devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of respiratory care devices market for North America.
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Key Market Competitors:
Few of the major market competitors currently working in the North America respiratory care devices market are Chart Industries, DeVilbiss Healthcare LLC, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., GENERAL ELECTRIC, Medtronic, Koninklijke Philips N.V., GlaxoSmithKline plc, ResMed, BD, Hamilton Medical, Masimo, Air Liquide, VYAIRE, Getinge AB, Abbott, 3M, AstraZeneca, MicroAire Surgical Instruments LLC., Smith & Nephew Inc., Hill-Rom Services Inc., Breathe Technologies, Inc., among others.
Research Methodology: North America Respiratory Care Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others
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