Sponsor

Technological Advancements in Respiratory Therapeutic Devices: A Deep Dive into Market Trends"

0
1K

 

Market Highlights 

The Respiratory Therapeutic Devices Market Trends is anticipated to reach USD 12,231.6 Million by 2030 at 8.6% CAGR during the forecast period 2022-2030. 

Respiratory therapeutic devices are used in the treatment, management, and control of cardiopulmonary diseases such as chronic obstructive pulmonary diseases (COPD), asthma, acute bronchitis, cystic fibrosis, and others. Increasing prevalence of asthma drives the market along with increasing per capita healthcare expenditure. According to the World Health Organization in 2017, approximately 235 million people have asthma. Moreover, it was estimated that in 2015, the diseases killed approximately 383 million patients around the globe. However, the market growth during the forecast period is likely to hamper due to low per capita income in the developing economies and lack of awareness.

Key Players

Global Respiratory Therapeutic Devices Market Players are

Masimo. (U.S.),

  1. (U.S.),

Smiths Group Plc. (U.S.),

  1. Hoffmann-La Roche Ltd (Europe),

Bayer AG (Europe),

Rotech Healthcare Inc. (U.S.),

Chart Industries (U.S.),

Acare Technology (Asia Pacific), and

others.

Segmentation

The global respiratory therapeutic devices market research is segmented on the basis of product, technology, application, and end users.

On the basis of the product, the market is segmented into nebulizers, capnography, humidifiers oxygen concentrators, and others. The nebulizers segment is sub-segmented into soft mist inhaler, human-powered nebulizer, and others. The capnography segment is sub-segmented into main-stream capnography, side-stream capnography, and others.

On the basis of the technology, the market is segmented into electrostatic filtration, HEPA filtration, hollow fiber filtration, microsphere separation, and others.

On the basis of the application, the market is segmented into asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and others.

On the basis of the end users, the market is segmented into hospitals & clinics, retail pharmacies, home care, and others. 

Regional Analysis

The Americas dominate the global respiratory therapeutic devices market insights owing to a huge patient population having cardiopulmonary diseases and well-developed healthcare sector. Moreover, the concentration of the global players like Masimo., BD., Smiths Group plc., besides others along with the increasing healthcare expenditure fuels the regional market growth during the forecast period. In 2015, according to the Centers for Disease Control and Prevention, in the U.S. the total healthcare expenditure accounted for 17.8% of the total gross domestic product (GDP), which accounted for USD 3.2 trillion. 

Europe is the second largest respiratory therapeutic devices market owing to a well-developed healthcare infrastructure, government support for research & development, and huge patient population. In 2017, according to a study published in the Asthma Research and Practice Journal, the total estimated cost per year for all the asthmatics per patient is about USD 1,900. 

Asia Pacific is the fastest growing market due to the presence of a huge patient population, continuously developing economies like India and China, and the presence of huge opportunities in the market. Moreover, favorable government policies and increasing healthcare expenditure fuel the market within the region. 

On the other hand, the Middle East & Africa holds the least share of the global respiratory therapeutic devices market due to the presence of poor economy, especially, within the African region. Majority of the market of this region is held by the Middle East due to the huge healthcare expenditure.         

 

Sponsor
Căutare
Sponsor
Categorii
Citeste mai mult
Health
Exploring the Multifaceted Realm of Animal Models: Market Trends, Growth Opportunities, and Technological Advancements in Biomedical Sciences
Animal Model Market Size was valued at USD 2.1 billion in 2021 and is projected to grow from USD...
By akshada 2024-02-22 08:58:41 0 3K
Alte
Wage Garnishment in Florida How to Stop It and Protect Your Hard-Earned Money
Wage garnishment can be a stressful and overwhelming experience, especially when it impacts your...
By alexander 2025-03-26 09:39:34 0 2K
Alte
Holographic Boxes Wholesale: Attracting Consumers Through Design
Holographic boxes wholesale refers to those elaborate boxes that look sleek, glossy and shiny in...
By Expertspackaging23 2024-12-23 18:02:19 0 2K
Alte
How to Choose Kolhapur To Pune Cab
Travelling from Kolhapur to Pune can be a comfortable and convenient experience if you choose the...
By Royalcabs 2023-07-11 12:01:56 0 5K
Dance
It addresses any remaining issues or areas that may have
Construction projects, whether they involve building a new structure or renovating an...
By amiya840k 2025-03-13 10:58:36 0 1K
Sponsor
google-site-verification: google037b30823fc02426.html