According to the current analysis of Reports and Data, the global Respiratory Care Devices Market valued at USD 18.41 Billion in 2019 and is expected to reach USD 37.04 billion by the year 2027, at a CAGR of 9.0%. Respiratory care devices are increasingly used in the treatment, monitoring, and diagnosis of respiratory disorders. These devices are given to the patients to improve the treatment process.
The rise in lifestyle habits like smoking, consumption of alcohol, and an increase in the geriatric population is a significant factor boosting the market. Technological advances for new devices, regulatory approvals, product launches are further promoting market growth. The prevalence of air pollution, climate changes, dust, are also fueling the market growth. The rising prevalence of Respiratory diseases is snowballing all over the world. In 2017, according to the WHO, Respiratory diseases were considered to be the leading causes of death and disability in the world. Nearly 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million are expected to die from it each year, making it the third leading cause of death across the world. Moreover, approximately 334 million people suffer from asthma, the most common chronic disease of childhood, affecting 14% of all children globally.
The COVID-19 Impact: As the spread of Coronavirus (COVID-19) persists throughout the global community, the key market players are supporting the health systems and healthcare professionals actively. For instance, Phillips is providing solutions including invasive and non-invasive ventilation ranging from mid- to high-acuity, oxygen therapy, CPAP therapy, nebulizers, patient monitoring, medical consumable, and others. Moreover, the limited supply of ventilators is one of the chief concerns faced by hospitals and other healthcare facilities. To overcome the situation, In the U.S., emergency plans have been developed by states for a shortage of ventilators include using positive airway pressure machines. It is used to sleep apnea which would help hospitalized people with less severe breathing issues.
Additionally, with proper preventive and improving the quality of air, most respiratory diseases are preventable. Common sources of unhealthy air are tobacco smoke, indoor and outdoor air pollution, and air containing microbes, toxic particles, fumes, or allergens are contributing factors to the rising demand of the respiratory care devices market. According to the WHO, At least 2 billion people are exposed to indoor toxic smoke, 1 billion inhale outdoor pollutant air, and 1 billion are exposed to tobacco smoke. The rising geriatric population is a major cause of driving the market in countries like China and India. According to the World Health Organization (WHO), more than 2 billion population will be aged 60 and older by 2050. The increasing patient pool and adoption of an unhealthy lifestyle, including smoking and consumption of alcohol in the developed economy, is likely to boost the market in the near future. However, the lack of awareness among the public about devices, some of the harmful effects of respiratory devices on neonates, and inefficient reimbursement are the factors hindering the market growth.
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For the purpose of this purpose, Reports and Data have segmented the Respiratory Care Devices market on the basis of products, indications, end use, and region
Products Outlook (Revenue in Million USD; 2017–2027)
Indications Outlook (Revenue in Million USD; 2017–2027)
End Use Outlook (Revenue in Million USD; 2017–2027)
Regional Outlook (Revenue in Million USD; 2017–2027)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Distribution Channel
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2017 & 2027
Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Advancements in Technology
3.1.2. Government funding for research and development
Chapter 4. COVID 19 impact assessment
4.1. Healthcare Personal Protective Equipment Industry Outlook
4.1.1.1. Q1 2020
4.1.1.2. Q2 2020
4.1.1.3. Q3 2020
4.2. Rising demand for Personal Protective Equipment due to COVID 19 pandemic Crisis
4.3. Supply chain stabilization
4.3.1.1. Supply scenario
4.3.1.2. Demand scenario
4.4. Upcoming strategies required to combat the current situation
4.5. Alternative availability for suppliers
4.6. No-contact methodologies in the supply chain
4.7. Customer mapping
Chapter 5. Global Respiratory Care Devices Market Segmentation & Impact Analysis
5.1. Global Respiratory Care Devices Market Segmentation Analysis
5.2. Industrial Outlook
5.3. Market Indicators Analysis
5.3.1. Market Drivers Analysis
5.3.1.1. Rise in the prevalence of respiratory disorders
5.3.1.2. Rise in the geriatric population
5.3.2. Market Restraints Analysis
5.3.2.1. High expenditure cost of therapy
5.4. Regulatory Framework
5.5. Porter’s Five Forces Analysis
Chapter 6. Global Respiratory Care Devices Market by Products Insights & Trends
6.1. Respiratory Care Devices Market Products Dynamics & Market Share, 2020 & 2027
6.2. Therapeutic Devices
6.2.1. Market estimates and forecast, 2017 & 2027 (USD Million)
6.2.2. Market estimates and forecast, by region, 2017 & 2027 (USD Million)
6.2.3. PAP Devices
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Mergers & Acquisitions 10.3. Strategy Benchmarking 10.3.1. Partnership & Agreement 10.3.2. New Products Development 10.3.3. Mergers & Acquisitions 10.3.4. Investment & Expansion 10.4. Vendor Landscape Chapter 11. Company Profiles 11.1. Philips Healthcare 11.1.1. Company Overview 11.1.2. Financial Insights 11.1.3. Products Offered 11.1.4. Strategic Initiatives 11.2. ResMed Inc. 11.2.1. Company Overview 11.2.2. Financial Insights 11.2.3. Products Offered 11.2.4. Strategic Initiatives 11.3. Medtronic plc 11.3.1. Company Overview 11.3.2. Financial Insights 11.3.3. Products Offered 11.3.4. Strategic Initiatives 11.4. Masimo Corporation 11.4.1. Company Overview 11.4.2. Financial Insights 11.4.3. Products Offered 11.4.4. Strategic Initiatives 11.5. Fisher & Paykel Healthcare Corporation Limited 11.5.1. Company Overview 11.5.2. Financial Insights 11.5.3. Products Offered 11.5.4. Strategic Initiatives 11.6. Chart Industries 11.6.1. Company Overview 11.6.2. Financial Insights 11.6.3. Products Offered 11.6.4. Strategic Initiatives
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