Global Respiratory Devices Market is estimated to be growing at a CAGR of 9.40% by 2021
According to the report " Global Respiratory Devices Market ", published by Market Data Forecast, the global market is projected to reach USD 22.63 billion by 2021, at a CAGR of 9.40% from 2016 to 2021.
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Respiratory devices are medical devices that are used to aid patients who are suffering from respiratory problems and cannot attain sufficient oxygen levels to sustain life.
Respiratory diseases are the principal cause of deaths globally. Lung infections like pneumonia and lung cancer, chronic obstructive pulmonary disease (COPD), and tuberculosis together accounted for around 12.5 million deaths globally during 2015, which is on-fifth of the worldwide total. These devices help in the elimination of mucus from the respiratory airways and in doing so enhance the pulmonary function.
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The growth of the Global Respiratory Devices Market is mainly driven by factors such as an increase in the prevalence of respiratory diseases such as asthma and COPD, technological advancement in the healthcare industry, rising aging population, high prevalence of smoking, rising urbanization and pollution levels, and lifestyle changes.
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1) Based on Type:
a) Therapeutic Devices
• BI-PAP Devices
• CPAP Devices
• Oxygen Concentrators
b) Diagnostic and Monitoring Devices
• Sleep Test Devices
• Pulse Oximeter
• Peak Flow Meters
• Breathing Circuits
2) Based on End Users
3) Geographical Segmentation:
• North America
• Latin America
• Middle East and Africa
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The major companies operating in the global Respiratory devices market are Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Covidien plc, and CareFusion Corporation.
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