According to
a new market report published by Lucintel, the future of the global respiratory care device market looks promising with opportunities in the hospital
and home healthcare devices. The
global respiratory care device market is expected
to reach an estimated $15.8 billion by 2022 and is forecast to grow
at a CAGR of 7.7% from 2017 to 2022. The major drivers for the growth of this market are increasing prevalence
of respiratory diseases, increasing geriatric population, tobacco use, and
rising pollution levels.
In this market, monitoring and therapeutic devices are the major
segments by device type. On the basis of comprehensive research, Lucintel
forecasts that the monitoring
device segment is expected to show above average growth during the forecast period.
Within global
respiratory care device market, therapeutic device is expected to remain the largest
segment by device type. Rising prevalence of tobacco use,
pollution levels, and the high prevalence of respiratory disease are the
major driving forces that spur growth for this segment over the forecast
period.
The North America is expected to remain the
largest region due an aging population and increasing respiratory diseases,
like sleep apnea, asthma, lung cancer, COPD (Chronic Obstructive Pulmonary
Disorder).
APAC is
expected to witness the highest growth rate over the forecast period due to increasing
tobacco use and pollution levels.
For business
expansion, Lucintel’s report suggests innovation and new product development
for achieving the best results in diagnosis for respiratory diseases.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
high adoption for home healthcare products, and
improvement in mask fits. ResMed Inc., Meddtronic PLC, Koninklijke Philips N.V.,General
Electronics, and Masimo Corporation are among the major suppliers of respiratory
care devices.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global respiratory care device market by device
type, end use, product, and region, and has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Respiratory Care Device Market 2017-2022: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a springboard for growth strategy by providing a comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global respiratory care device market by device type, end use, product, and region, as
follows:
By Device Type [Value ($ Million) from 2011 to
2022]:
·
Therapeutic
Devices
·
Monitoring
Devices
·
Diagnostic
Devices
·
Consumable
and Accessories
By End User [Value ($ Million) from 2011 to 2022]:
·
Hospital
·
Home
Healthcare
By Product [Value ($ Million) from 2011 to 2022]:
·
Therapeutic
devices
o Oxygen Humidifiers
o Nebulizers
o Oxygen Concentrators
o Positive Airway Pressure (PAP) Devices
o Reusable Resuscitators
o Ventilators
o Inhalers
o Masks
o Nitric Oxide Delivery Units
o Oxygen Hoods
·
Monitoring
devices
o Pulse Oximeters
o Capnographs
o Gas Analyzers
·
Diagnostic
Devices
o Spirometers
o Peak Flow Meters
o Polysomnography and other Device
·
Consumable
and Accessories
o Disposable Masks
o Resuscitators
o Tracheostomy Tubes
o Nasal Cannulas
o Other Consumables and Accessories
By Region [Value ($ Million) from 2011 to 2022]:
· North America
· Europe
· APAC
· ROW
This
140-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Medical
Market Analysis, Medical
Market Research, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q.1 What are some of the most
promising, high-growth opportunities for global respiratory care device market by device
type (therapeutic device, monitoring device,
diagnostic device, consumable and accessories), end-user (hospital and home
healthcare), product [Therapeutic devices (oxygen humidifiers, nebulizers,
oxygen concentrators, positive airway pressure (PAP) devices, reusable
resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and
oxygen hoods), monitoring devices (pulse oximeters, capnographs, and gas
analyzers), diagnostic devices (spirometers, peak flow meters, polysomnography,
and other devices), and consumable and accessories (disposable masks,
resuscitators, tracheostomy tubes, nasal cannulas, other consumables and
accessories)], and region (North America, Europe, Asia Pacific (APAC),
and the Rest of the World (ROW)) ?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which region will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What are the emerging trends in this
market and the reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the
market and which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11 What M & A activity has occurred in the last 5
years?
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