Global therapeutic respiratory devices market is expected to reach USD 19.2 billion by 2022, according to a new report by Grand View Research Inc. Increasing geriatric population contributing towards growing target disease prevalence levels is a key factor expected to attribute towards market growth.
Rising prevalence of disorders such as COPD and sleep apnea is expected to be a critical growth driver. Prevalence of these disorders is expected to constantly rise over the next six years owing to the growing prevalence of cardiovascular disorders, hypertension, obesity, and other lifestyle induced disorders.
Increasing need of emergency treatment for prolonged illnesses and protracted treatment associated with lung diseases in children as well as adults are expected to drive market growth over the next seven years. The introduction of technology innovations is expected to serve as future growth opportunities.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/therapeutic-respiratory-devices-market
Further key findings from the study suggest:
·
Positive airway pressure devices dominated the
product segment in 2014, with market size valued at over 4.0 billion. Growing
demand for portable PAP devices and high associated efficacy rates are some key
factors expected to drive segment growth.
·
HEPA filtration was the largest technology
segment, accounting for over 35.0% of the market share in 2014. High usage of
these filters in therapeutic respiratory devices is a major factor contributing
towards the segment’s market position.
·
Furthermore, technological advancements in these
filters such as the availability of washable HEPA filters and incorporation of
HEPA 4 technology is further likely to boost usage rates.
·
Regionally, North America dominated the
therapeutic respiratory devices market owing to the presence of high diagnosis
rates supported by the presence of sophisticated healthcare infrastructure.
Increasing government funding, and the availability of well structured
reimbursement framework will also contribute towards healthy market growth.
·
Asia Pacific is expected to witness significant
gains, at over 12.0% during the forecast period, driven by the rising incidence
of respiratory disorders in the region. Rising healthcare expenditure levels
and the presence of high unmet medical need is also a vital growth driver.
·
Key players operating in the therapeutic
respiratory devices market include Smiths Medical, GE Healthcare, CareFusion
Corporation, Philips Healthcare and Covidien Plc.
·
The market is expected to remain highly
competitive, which may see extensive R&D investments aimed at technology
innovation, as a widely utilized business strategy.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global therapeutic respiratory devices market on the basis of products, technology, filters and region:
Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Nebulizers
o
Compressor-based nebulizers
o
Piston-based hand-held nebulizers
o
Ultrasonic nebulizers
·
Humidifiers
o
Heated humidifiers
o
Passover humidifiers
o
Integrated humidifiers
o
Built-in humidifiers
o
Stand-alone humidifiers
·
Oxygen concentrators
o
Fixed oxygen concentrators
o
Portable oxygen concentrators
·
Positive airway pressure devices
o
Continuous positive airway pressure devices
o
Auto-titrating positive airway pressure devices
o
Bi-level positive airway pressure devices
·
Ventilators
o
Adult ventilators
o
Neonatal ventilators
·
Gas Analyzers
o
Capnographs
Technology Outlook (Revenue, USD Million, 2012 - 2022)
·
Electrostatic filtration
·
HEPA filter technology
·
Hollow fiber filtration
·
Microsphere separation
Filters Outlook (Revenue, USD Million, 2012 - 2022)
·
Nebulizer filters
o
Inlet filters
o
Replacement filters
o
Cabinet filters
·
Humidifier filters
o
Wick filters
o
Permanent cleanable filters
o
Mineral absorption pads
o
Demineralization cartridges
·
Positive airway pressure device filters
o
Ultra fine foam inlet filters
o
Polyester non-woven fiber filters
o
Acrylic & polypropylene fiber filters
·
Oxygen concentrators filters
o
HEPA filters
o
Cabinet filters
o
Pre-inlet filters
o
Inlet filters
o
Micro disk filters
o
Felt intake filters
o
Bacterial filters
o
Hollow membrane filters
·
Ventilator filters
o
Mechanical filters
§ HEPA
filters
§ ULPA
filters
§ Activated
carbon filters
o
Electrostatic filters
§ Tribocharged
filters
§ Fibrillated
filters
Regional Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
Spain
o
Germany
o
France
o
Italy
o
Switzerland
·
Asia Pacific
o
India
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-therapeutic-respiratory-devices-market
