Growing numbers of breathing disorders along with escalating demand for technological advancement in respiratory care devices is expected to accelerate the demand and usage of respiratory care devices.
Date: 23 May 2016
According to the recently published Azoth Analytics report “Global Respiratory Care Devices Market (By Segment, By Devices, By Region, By Country): Opportunities and Forecasts (2016- 2021)
”, Global Respiratory Care Devices Market is forecasted to grow at a CAGR of 10.90% during 2016 – 2021F, on account of rise in ageing population, modern lifestyle negatively impacting human health, lack of proper medical treatment, rising industrialisation augmenting pollution and the growing awareness about the respiratory treatments. With rising per capita healthcare expenditure in emerging markets, on account of the increasing focus on healthcare among the population, the market of Respiratory Care Devices is anticipated to grow at high rate.
In terms of segmentation, the market is categorized By Therapeutics (PAP Devices, Humidifiers, Nebulizers, Breathing Circuits, Oxygen concentrators, Inhalers), Diagnostics (Spirometers, DLCO, Others), Monitoring (By Pulse Oximeter, Gas Analysers, Capnographs) and Consumables and Disposables (Mask, Cannulas and Others). Although, Asia Pacific Region is anticipated to grow at a higher rate contributing to the Global Respiratory Care Devices Market, Europe is also expected to witness a higher growth rate till 2021. While awareness for health is dominating in North America, markets in emerging economies such as Middle East and Africa, Asia Pacific and South America are expected to increase in the coming years.
The report “Global Respiratory Care Devices Market (By Segment, By Devices, By Region, By Country): Opportunities and Forecasts (2016- 2021)
– (By Segment-Diagnostic, Monitoring, Therapeutics, Consumables; By Devices- Spirometers, DLCO, Pulse Oximeter, Gas Analysers, Capnographs, PAP, Humidifiers, Nebulizers, Breathing Circuits, Concentrators, Inhalers, Filters, Mask and Cannulas)” has analysed the potential of global Respiratory Care Devices market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Respiratory Care Devices market.