The Respiratory Care Devices Market is Projected to Reach USD 31.8 Billion by 2024 from USD 20.6 Billion in 2019, at a CAGR of 9.1%

DUBLIN, July 30, 2019 /PRNewswire/ -- The "Respiratory Care Devices Market by Product (Therapeutic (Ventilator, Mask, PAP Device, Inhaler, Nebulizer), Monitoring (Pulse Oximeter, Capnograph), Diagnostic, Consumables), End User (Hospital, Home Care), Indication - Global Forecast to 2024" report has been added to's offering.

The Respiratory Care Devices Market is Projected to Reach USD 31.8 Billion by 2024 from USD 20.6 Billion in 2019, at a CAGR of 9.1%.

The rapid growth in the global geriatric population, rising incidence of chronic diseases (including COPD and asthma), and the cost advantages of home care devices and services (as compared to hospital visits) are the key factors driving the growth of the home healthcare market.

The growth of this market is mainly attributed to the high prevalence of respiratory diseases, rising aging population across the globe, high prevalence of smoking, rising urbanization and pollution levels, increasing incidence of preterm births, and lifestyle changes.

However, a lack of awareness leading to a large under-diagnosed and under-treated population and the harmful effects of certain respiratory care devices on neonates have hampered the market growth to an extent.

In this report, the respiratory care devices market is segmented on the basis of product, indication, end-user, and region.

The respiratory care devices market is highly competitive, with a large number of global and local market players competing for higher market shares.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Respiratory Care Devices Market: Market Overview
4.2 North America: Market, 2018
4.3 Respiratory Care Devices Market: Geographic Growth Opportunities
4.4 Market: Geographic Mix
4.5 Respiratory Care Devices Market: Developing vs Developed Markets

5 Market Overview
5.1 Introduction
5.2 Market Drivers
5.2.1 Rising Prevalence of Respiratory Diseases Rapid Growth in the Global Geriatric Population Urbanization and Growing Pollution Levels High Prevalence of Tobacco Smoking Changing Lifestyles
5.2.2 Increasing Incidence Rate of Preterm Births
5.3 Market Restraints
5.3.1 Unfavorable Reimbursement Scenario
5.3.2 Availability of Low-Cost Products From Local Manufacturers
5.4 Market Opportunities
5.4.1 Growing Demand for Home Care Therapeutic Devices
5.4.2 High Growth in Developing Countries Across APAC and Latin America
5.4.3 Point-Of-Care Diagnostics - an Upcoming Opportunity
5.5 Market Challenges
5.5.1 Low Awareness and Large Underdiagnosed and Undertreated Population
5.5.2 Harmful Effects of Certain Devices on Neonates

6 Industry Trends
6.1 Rising Demand for Enhanced Portable & Compact Devices
6.2 Focus of Market Players on Expanding Their Geographical Presence
6.3 Growing Demand for Multimodal Ventilation
6.4 Rising Adoption of Noninvasive Ventilation
6.5 Technology Trends
6.5.1 E-Nose Technology
6.5.2 Wireless Gas Sensor Technology

7 Respiratory Care Devices Market, By Product
7.1 Introduction
7.2 Therapeutic Devices
7.2.1 PAP Devices CPAP Devices CPAP is A Better Treatment for Sleep Apnea Than Other Nonsurgical Procedures APAP Devices APAP Devices are More Comfortable Than Other PAP Devices BIPAP Devices BIPAP Devices are Helpful for Patients Who have Severe Breathing Problems and Cannot Comply With CPAP Devices
7.2.2 Ventilators ICU Ventilators High-End Ventilators Improving Healthcare Infrastructure and Rising Healthcare Expenditure in Developing Countries to Drive the Adoption of High-End Ventilators Mid-End Ventilators Mid-End Ventilators are Mainly Used in Large and Medium-Sized Hospitals and Ambulatory Care Settings Basic Ventilators Basic Ventilators are the Most Preferred for Predetermined and Long-Term Ventilation in Long-Term Care Centers, Home Care, and Ambulatory Care Centers Portable/Transportable Ventilators The Increasing Demand for Home Care is Driving the Adoption of Portable/Transportable Ventilators
7.2.3 Nebulizers Nebulizers are More Effective as Compared to Oral Dosages
7.2.4 Humidifiers Heated Humidifiers Heated Humidifiers have Customized Settings to Allow Patients to Control the Amount of Moisture They Want to Receive Passover Humidifiers Passover Humidifiers Lack the Facility to Customize the Amount of Moisture Delivered to Patients
7.2.5 Oxygen Concentrators Fixed Oxygen Concentrators Fixed Oxygen Concentrators are Comparatively Less Costly Than Portable Oxygen Concentrators Portable Oxygen Concentrators These Devices are Lightweight and Easy to Transport, Driving Their Adoption
7.2.6 Inhalers Metered-Dose Inhalers MDIs are the Most Widely Adopted Inhalers Among the Patient Population Dry Powder Inhaler Devices Lower Clinical Efficiency and Dose Variations in Dpis to Restrain Market Growth
7.2.7 Reusable Resuscitators Reusable Resuscitators Can Be Disassembled, Cleaned, Disinfected Or Sterilized, and Reassembled as and When Required
7.2.8 Nitric Oxide Delivery Units Focus of the Companies to Develop Innovative and Advanced Nitric Oxide Delivery Units to Boost the Market
7.2.9 Oxygen Hoods The Growing Prevalence and Recurrence of Chronic Lung Diseases is Expected to Drive the Market
7.3 Monitoring Devices
7.3.1 Pulse Oximeters Pulse Oximeters Sensors The Use of Disposable Pulse Oximeter Sensors Reduces the Risk of Cross-Contamination and Hais Pulse Oximeter Equipment Rising Adoption of Pulse Oximeter Equipment in Home Care Settings is Projected to Drive the Market Growth
7.3.2 Capnographs Extensive Research in Capnography has Led to the Development of Improved Capnographs, Resulting in Their Increased Commercial Acceptance
7.3.3 Gas Analyzers Increasing Demand for Point-Of-Care Testing to Drive the Demand for Portable Gas Analyzers
7.4 Diagnostic Devices
7.4.1 Spirometers Technology Advancements to Increase the Adoption of Spirometers
7.4.2 Polysomnography (PSG) Devices Rise in the Incidence of Obstructive Sleep Apnea to Drive the Growth of PSG Devices
7.4.3 Peak Flow Meters Peak Flow Meters are Not Preferred Due to the High Variability in Measurements Obtained From Devices Made By Different Manufacturers
7.4.4 Other Diagnostic Devices
7.5 Consumables & Accessories
7.5.1 Masks Reusable Masks Nasal Masks Nasal Masks are Dominating the Market Because They Avoid Common Pressure Points, Reduce Irritation, and Do Not Obstruct the Patients' View Full-Faced Masks Rising ICU Hospital Admissions to Drive the Adoption of Full-Faced Masks Nasal Pillow Masks The Utilization of Nasal Pillow Masks With PAP Devices is Driving Market Growth Oral Masks These Masks are Only Used Under Special Circumstances, Which is Restricting Market Growth Disposable Masks Increasing Patient Population With Respiratory Diseases to Drive the Growth in the Disposable Masks Market
7.5.2 Disposable Resuscitators Technologically-Advanced Valves in Resuscitators to Boost the Market Growth During the Forecast Period
7.5.3 Tracheostomy Tubes Introduction of New and Advanced Products With Ergonomic Designs to Drive Market Growth
7.5.4 Nasal Cannulas Increasing Demand for Minimally Invasive Surgery is Expected to Boost Demand for Nasal Cannulas
7.5.5 Other Consumables & Accessories

8 Respiratory Care Devices Market, By Indication
8.1 Introduction
8.2 Chronic Obstructive Pulmonary Disease (COPD)
8.2.1 Increasing Prevalence of COPD to Drive the Demand for Respiratory Care Devices
8.3 Sleep Apnea
8.3.1 Rising Awareness About Diagnosis of Sleep Apnea to Drive Demand for Respiratory Care Devices
8.4 Asthma
8.4.1 Increasing Global Burden of Asthma to Support Market Growth
8.5 Infectious Diseases
8.5.1 Rising Awareness for Tb Diagnosis to Drive Market Growth
8.6 Other Indications

9 Respiratory Care Devices Market, By End User
9.1 Introduction
9.2 Hospitals
9.2.1 This Segment Held the Largest Share of the Market in 2018
9.3 Home Care Settings
9.3.1 Technological Advancements have Led to the Development of Compact & Lightweight Respiratory Care Devices That are Easy to Carry and Operate
9.4 Ambulatory Care Centers
9.4.1 There is A Shift in Patient Preference From Extended Hospital Treatment Towards Treatment at Accs

10 Respiratory Care Devices Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US US Dominates the North American Respiratory Care Devices Market Due to the High Burden of Asthma & COPD in the Country
10.2.2 Canada The Increasing Incidence of COPD is Driving the Adoption of Respiratory Care Devices in Canada
10.3 Europe
10.3.1 Germany Increasing Healthcare Expenditure and Strengthening of the Healthcare Infrastructure in Germany to Drive Market Growth
10.3.2 France The High Burden of COPD Due to the Increasing Tobacco Consumption in the Country to Drive the Market for Respiratory Care Devices
10.3.3 UK Increasing Healthcare Expenditure in the Country to Support Market Growth
10.3.4 Italy Unfavorable Healthcare Reforms May Negatively Impact the Italian Market
10.3.5 Spain Increasing Debt and Shortcomings in Spain's Medical Devices Sector Will Restrain the Pace of Market Growth
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan High Accessibility of Health Services Accounts for Japan's Large Market Share
10.4.2 China Healthcare Development and Reforms Will Stimulate Market Growth in China
10.4.3 India Growth in the Patient Population, Healthcare Expenditure, and Medical Tourism Will Favor the Adoption of Respiratory Care Devices
10.4.4 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil Healthcare Infrastructure Improvements to Drive Market Growth in Brazil
10.5.2 Mexico Rising Obesity Rate to Increase the Incidence of Respiratory Diseases in Mexico
10.5.3 Rest of Latin America
10.5.4 Middle East & Africa

11 Competitive Landscape

12 Company Profiles

    --  Air Liquide
    --  Chart Industries, Inc
    --  Drgerwerk AG & Co KGaA
    --  Fisher and Paykel Healthcare Co, Ltd
    --  Getinge AB
    --  Hamilton Medical AG
    --  Invacare Corporation
    --  Masimo Corporation
    --  Medtronic PLC
    --  Philips Healthcare
    --  Resmed, Inc
    --  Vyaire Medical

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