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Respiratory Care Devices Market HighlightsThe global respiratory care devices market is expected to exhibit a strong 10.1% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global respiratory care devices market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the respiratory care devices market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory.
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The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the respiratory care devices market’s growth trajectory over the forecast period are provided in the report. The leading players in the global respiratory care devices market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global respiratory care devices market. The major drivers and restraints affecting the global respiratory care devices market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
The growing prevalence of pulmonary diseases such as tuberculosis, chronic bronchitis, asthma, and chronic obstructive pulmonary disease is likely to be a major driver for the global respiratory care devices market. Respiratory care devices are devices used in the diagnosis, assessment, and treatment of patients suffering from respiratory diseases. Growing air pollution and increasing popularity of smoking are among the leading causes of the growing prevalence of pulmonary diseases. The growing air pollution in urban areas has led to a growing prevalence of diseases such as asthma and COPD. This is likely to remain a key driver for the global respiratory care devices market. The increasing geriatric population is also likely to be a major driver for the global respiratory care devices market, as with age, the muscles around the lung become weaker and prone to disease.
The growing threat of COVID-19 is also likely to be a major driver for the global respiratory care devices market.
Respiratory Care Devices Market Competitive Leaderboard:
Leading players in the global respiratory care devices market include Hamilton Medical AG, Dragerwerk AG & Co. KGaA, Chart Industries Inc., Becton Dickinson and Company, Fisher & Paykel Healthcare Corporation Ltd., Masimo Corporation, Medtronic plc, ResMed Inc., and Philips Healthcare. Major players in the global respiratory care devices market are likely to focus on technological advancement in the near future, as the demand for advanced, more capable versions of respiratory care devices is likely to grow over the forecast period.
Respiratory Care Devices Market Segmentation:
The global respiratory care devices market is segmented on the basis of device type, application, end use, and region.
By device type, the global respiratory care devices market is segmented into therapeutic devices, monitoring devices, diagnostic devices, and accessories and consumables.
The therapeutic devices segment is further sub-segmented into pap devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, and oxygen hoods.
The monitoring devices segment is further sub-segmented into pulse oximeters, pulse oximeter sensors, pulse oximeter equipment, capnographs, and gas analyzers.
The diagnostic devices segment is further sub-segmented into spirometers, polysomnography (PSG) devices, peak flow meters, and other diagnostic devices.
The accessories and consumables segment includes disposable masks, disposable resuscitators, tracheostomy tubes, nasal cannulas, and others.
By application, the global respiratory care devices market is segmented into chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and others.
By end user, the global respiratory care devices market is segmented into hospitals, clinics, ambulatory care, home care, and others. The hospitals segment holds the largest share in the global respiratory care devices market.
Respiratory Care Devices Market Regional Analysis:
North America is expected to dominate the global respiratory care devices market, followed by Europe and Asia Pacific.
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