Respiratory Device Market – Industry Insights By Growth, Emerging Trends And Forecast By 2022

In today’s world, with the growing urbanization and rapid modernization, people are acquiring more means to comfort in the form of better devices to provide comfort in terms of residence as well as transit. However, these devices also have some impact on the environment as a whole among which most prevalent is the impact on air quality on some of the major cities of the world. Due to this, the need for the market for respiratory devices is increasing as the impact of air pollution is very prevalent all around the world.

End-User/Technology
The rise of the respiratory devices due to increasing prevalence of air pollution has led to the decrease in the age bracket of the end users of the respiratory devices. Also, most of the users are from the developed economies due to the high amount of industrialization and also an aging population in these countries.

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The technology used in the respiratory devices is constantly improving with the primary aim of making them more affordable and reducing the number of hospital admissions. Some of the latest technological advancements are towards increased monitoring of data regarding the patient’s routine to improvise his adherence to significantly reduce the number of hospital admissions.

Market Dynamics
The increased rate of worsening of the environment, especially in terms of increased air pollution is leading to rising cases of severe respiratory diseases as well as concerns for persons involved in the field work. Therefore, the market for devices aimed at treatment as well as protection is rising. Also, due to better research for more affordable devices aimed at lessening the hassles of patients due to hospital admissions as well as more complex devices for the full-fledged treatment at hospitals, the overall efficiency of this market is increasing.

Market Segmentation
The respiratory devices are mainly segmented based on their uses and the types of diseases. On the basis of uses, they may be used for therapeutic, diagnostic or monitoring uses. On the basis of the type of diseases, they are used primarily for chronic or acute diseases.
The respiratory devices can be also segmented on the basis of regions. This is because the level of urbanization is one of the prime drivers of demand of these devices as this increases the prevalences of respiratory issues in the respective region.

Regional/Geographic Analysis
The developed regions, mainly in North America and Europe primarily dominate this market, mainly due to their level of urbanization, spending power, and an aging population. But with the high growth trajectory in the developing economies, mainly in the Asia Pacific region, the market is expected to expand to these regions as well in a much faster manner.

Opportunities
There are numerous opportunities, especially in the developing countries, mainly due to increased focus towards enhancing the affordability of these devices and also making them suitable in reducing the frequency of hospital visits as these countries may not have the adequate healthcare infrastructure.

Key Players
The prominent players in the respiratory devices market are Philips Healthcare, Medtronic Plc, Masimo Corporation, Resmed Inc. and so on.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

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Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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