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 Devices2. Monitoring Devices3. Diagnostic Devices4. Consumables and Accessories
Market Breakup by Indication
1. Chronic Obstructive Pulmonary Disease (COPD)2. Asthma3. Sleep Apnea4. Infectious Disease5. Others
Market Breakup by End-User
1. Hospitals2. Home Care Settings3. Ambulatory Care Centers4. Others
Market Breakup by Region
1. North America2. Europe3. Asia Pacific4. Middle East and Africa5. 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 Medical5. Medtronic6. Masimo7. Dragerwerk8. Invacare Corporation9. Allied Healthcare Products Inc10. 3B Medical Inc11. Air Liquide12. Fisher & Paykel Healthcare13. GE Healthcare14. VYAIRE MEDICAL INC15. Rotech Healthcare Inc
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