Dublin, July 11, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Respiratory Care Devices Market - Drivers, Opportunities, Trends, and Forecasts: 2017-2023" report to their offering. The Global Respiratory Care Devices Market is estimated to witness a CAGR of 8.8% during the forecast period 2017-2023.
The factors such as rising prevalence of respiratory diseases, huge demand for enhanced portable devices, increasing geriatric population, and high prevalence of tobacco smoking are expected to drive the market growth during the forecast period. The market is witnessing the emerging trend of intelligent ventilators, portable PAP devices, smart inhalers, and nebulizers which are helping in providing real-time monitoring and transmission of data to the physicians. The markets in India, Brazil, China, and Japan are expected to grow at a rapid pace during the forecast period as the prevalence of respiratory diseases in these countries is high. The major driver of the respiratory device market is high smoking global population, which is increasing the disease burden. Smoking causes about 90% of all lung cancer deaths and 80% of all deaths from chronic obstructive pulmonary disease (COPD). It is observed that smokers are 12-13 times more likely to die from COPD than the non-smokers. Currently, market players are developing advanced technology PAP devices for the treatment of sleep apnea. For instance, in April 2017, ResMed launched AirMini, the world's smallest CPAP machine for the treatment of sleep apnea. The PAP devices held more than half of the share of the total therapeutic respiratory care device market in 2016. A massive undiagnosed sleep apnea population is expected to provide an opportunity for the growth of the respiratory care devices market in the future. The global respiratory care devices market by products is segmented into therapeutics, monitoring, diagnostics, and consumables. Therapeutic devices segment holds the largest share in the market with more than 65% of the total market share. Due to the better technology advancement in this segment, therapeutic devices are expected to grow at a faster CAGR during the forecast period. Among the various therapeutic devices, PAP devices are expected to grow at a high rate and occupy significant share in the market due to the huge undiagnosed population of sleep apnea. The market is also witnessing various mergers, acquisitions, and collaborations among the top players, which are defining the future of the Global Respiratory Care Devices market. Key Players: ResMed, Medtronic Plc, Fisher and Paykel, Becton Dickenson and Company, Hamilton Medical, Drager Healthcare GmbH, Chart Industries, Philips Healthcare, Maquet (Getinge Group), Masimo Corp., GE Healthcare and other predominate & niche players. Key Topics Covered: 1 Report Outline 2 Executive Summary 3 Market Positioning 3.1 Total Addressable Market (TAM): Medical Devices Industry 3.2 Segmented Addressable Market (SAM): Respiratory Care Devices Market 4 Market Outlook 5 Market Characteristics 6 Respiratory Devices Market by Therapeutic Areas: Market Size and Analysis 6.1 Overview 6.2 Acute Respiratory Distress Syndrome (ARDS) 6.3 Asthma 6.4 Chronic Obstructive Pulmonary Disease (COPD) 6.5 Cystic Fibrosis 6.6 Pneumonia 6.7 Sleep Apnea 6.8 Tuberculosis 7 Respiratory Care Devices Market by Product Types: Market Size and Analysis 7.1 Overview 7.2 Diagnostics Devices 7.3 Therapeutic Devices 7.4 Monitoring Devices 7.5 Consumables and Accessories 8 Respiratory Care Devices Market by End Users: Market Size and Analysis 8.1 Overview 8.2 Hospitals 8.3 Ambulatory Care Centers 8.4 Home Care 9 Respiratory Care Devices Market by Regions: Market Size and Analysis 10 Competitive Landscape 11 Vendor Profiles 11.1 Medtronic Plc 11.2 BD 11.3 Resmed Inc. 11.4 Fisher &Paykel Healthcare Ltd. 11.5 Philips Heathcare 12 Companies to Watch For 12.1 Hamlinton Medical AG 12.2 Drager Medical GmbH 12.3 Maquet Corp. 12.4 GE Healthcare 12.5 Invacare Corp. 12.6 Chart Industries Inc. For more information about this report visit https://www.researchandmarkets.com/research/s8hjlb/global
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