Global Respiratory Care Devices Market - Opportunities and Forecasts, 2014-2022


Posted April 26, 2018 by swati_tamhankar

Global respiratory care devices market was valued at $12,890 million in 2015, and is poised to reach $21,300 million by 2022, registering an estimated of CAGR 7.4% during the forecast period.

 
Respiratory care 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 report analyzes the respiratory care devices market on the basis of product type, end user, and geography.

Segment Review

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. Several companies have focused on developing cost-effective pulse oximeters to sustain the intense competition in the emerging and price-competitive markets. For instance, in January 2015, Masimo Medical Technologies India Pvt. Ltd. launched a low-cost pulse oximeter, the Sat 901+, in India. The product incorporates several advanced features to facilitate handheld as well as bedside monitoring, including acute care and alternate care settings such as long-term care facilities, homecare, and sleep laboratories. Such advancements in this sector is expected to drive the respiratory care monitoring devices market.

Surge in Global Geriatric Population

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.

The key players profiled in the report include Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, ResMed, Inc., Invacare Corporation, Chart Industries Inc., Dräger Safety AG & Co. KGaA, Becton, Dickinson and Company, Masimo Corporation, and Medtronic plc. The other players operating in the industry include 3B Medical, Inc., Medline Industries Inc., Acare Technology Co., Ltd., Allied Healthcare Inc., Hill-Rom Holdings Inc., and Rotech Healthcare Inc.
By Product
Therapeutic Devices
Positive Airway Pressure (PAP) Devices
Continuous Positive Airway Pressure (CPAP) Devices
Automatic Positive Airway Pressure (APAP) Devices
Bi-Level Positive Airway Pressure (BPAP) Devices
Masks
Nasal Masks
Full-face Masks
Nasal Pillow Masks
Oral Masks
Ventilators
Adult Ventilators
Infant/Neonatal Ventilators
Nebulizers
Humidifiers
Oxygen Concentrators
Fixed Oxygen Concentrators
Portable Oxygen Concentrators
Inhalers
Dry Powder Inhalers
Metered Dose Inhalers
Soft Mist Inhaler
Reusable Resuscitators
Adult Resuscitators
Infant/Neonatal Resuscitators
Nitric Oxide Delivery Units
Capnographs
Gas Analyzers
Oxygen Hoods
Monitoring Devices
Pulse Oximeters
Pediatric Pulse Oximeters
Wrist-worn Pulse Oximeters
Handheld Oximeter
Fingertip Pulse Oximeter
Table-top/bedside Pulse Oximeters
Diagnostic Devices
Spirometers
Polysomnography (PSG) Devices
Peak Flow Meters
Consumables and Accessories
Disposable Resuscitators
Tracheostomy Tubes
Nasal Cannulas
Disposable Masks
Other Consumables and Accessories
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Categories Medical , Science , Technology
Tags respiratory care devices market , respiratory care devices market growth , respiratory care devices market share , respiratory care devices market size , respiratory care devices market trends
Last Updated April 26, 2018