Global Respiratory Care Devices Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Respiratory Care Devices Market By product & end user: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Respiratory Care Devices Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The report is segmented on the basis of product end user and region. On the basis of product, the market is segmented into therapeutic (pap devices, inhalers, ventilators, mask, & nebulizers), monitoring (pulse oximeters), diagnostics (spirometers, psg devices, and peak flow meters), and consumables & accessories (disposable resuscitators, tracheostomy tubes, nasal cannulas, & disposable masks).
On the basis of end user, the market is segmented into home care and hospital.
Due to aging, there is a decline in lung function. As a result of which there is an increase in prevalence of respiratory diseases for instance chronic obstructive pulmonary disease and asthma. With increase in age, the respiratory system undergoes various anatomical, physiological, and immunological changes. The complications in breathing is caused due to structural changes, which includes deformities in chest wall and thoracic spine, impair the functioning of the respiratory system and lead to. In the near future, the incidences of respiratory diseases are expected.
Increase in the geriatric population and rising incidences of chronic diseases are the drivers of the Respiratory Care Devices Market.
The major key factor which contributes to the growth of the Respiratory Care Devices Market includes increasing prevalence of tobacco smoking and rising of pollution levels worldwide.
Increase in the disposable income and huge investments in healthcare industry will contribute in the growth of Respiratory Care Devices Market.
Key Question Answered: • What are the different types of Respiratory Care Devices products? • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global Respiratory Care Devices market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why? • What are major future trends in global Respiratory Care Devices market? • What are key market developments and strategies in Respiratory Care Devices market?
The major companies profiled in the report include: Philips Healthcare, ResMed Inc, Medtronic plc, Masimo Corporation, Fisher and Paykel Healthcare Limited, Becton, Dickinson and Company, Chart Industries, Inc, Drägerwerk AG & Co. KGaA and Hamilton Medical AG.
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