Respiratory Care Devices Industry Market Report 2019: Top Companies Overview, Market Size, Share, Market Demand, Trend, Growth and Forecast 2024

November 27 16:26 2019
Respiratory Care Devices Industry Market Report 2019: Top Companies Overview, Market Size, Share, Market Demand, Trend, Growth and Forecast 2024
According to the latest report by IMARC Group, the global respiratory care devices market reached a value of around US$ 19.1 Billion in 2018. Looking forward, 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.

Market Trends:

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.

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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

Some of the major players operating in the industry include:

1. Philips Healthcare (NYSE: PHG)
2. ResMed (NYSE: RMD)
3. Chart Industries Inc.
4. Hamilton Medical
5. Medtronic
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
15. Rotech Healthcare Inc

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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.

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