Global Respiratory Care Devices Market Trends, Demand and Business Opportunities 2024

(SUPER MARKET RESEARCH via Comtex)

According to the latest report by IMARC Group titled, "Respiratory Care Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the market reached a value of around US$ 19.1 Billion in 2018. Looking forward, IMARC Group expects the market to reach a value of US$ 28.6 Billion by 2024, exhibiting a CAGR of around 7 % during 2019-2024. Respiratory care devices are medical equipment utilized for performing diagnostic, therapeutic and monitoring functions for patients suffering from respiratory and pulmonary disorders. Inhalers, nebulizers, spirometers, humidifiers and positive airway pressure (PAP) devices are the most common types of respiratory care devices available in the market. They are used for the treatment of various degenerative lung diseases, including asthma, bronchitis, tuberculosis and chronic obstructive pulmonary disease (COPD). They aid in maintaining an adequate amount of oxygen in the lungs and prevent airway blockages.

Some of the major players operating in the industry include:

1. Philips Healthcare (AMS: PHIA)
2. ResMed (NYSE: RMD)
3. Chart Industries Inc. (NASDAQ: GTLS)
4. Hamilton Medical
5. Medtronic (NYSE: MDT)
6. Masimo
7. Dragerwerk
8. Invacare Corporation
9. Allied Healthcare Products Inc
10. 3B Medical Inc
11. Air Liquide
12. Fisher & Paykel Healthcare
13. GE Healthcare
14. VYAIRE MEDICAL INC
15. Rotech Healthcare Inc

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/respiratory-care-devices-market/requestsample

The global market is driven by the rising prevalence of COPD and other chronic respiratory disorders. Furthermore, an increasing number of premature births and growing geriatric population is also providing a boost to the market growth. Moreover, patients with weak immune systems require artificial breathing devices to prevent respiratory distress syndrome (RDS). Other factors, including increasing consumption of tobacco-based products, rising healthcare expenditures and improvements in the existing healthcare infrastructure, are projected to drive the market further.

Market Segmentation:

Market Breakup by Product

1. Therapeutic Devices
2. Monitoring Devices
3. Diagnostic Devices
4. Consumables and Accessories

Market Breakup by Indication

1. Chronic Obstructive Pulmonary Disease (COPD)
2. Asthma
3. Sleep Apnea
4. Infectious Disease
5. Others

Market Breakup by End-User

1. Hospitals
2. Home Care Settings
3. Ambulatory Care Centers
4. Others

Market Breakup by Region

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/respiratory-care-devices-market

Key highlights of the report:

Market Performance

Market Outlook

Porter's Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: [email protected]
Website: https://www.imarcgroup.com
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