DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Respiratory Devices Market Growth, Trends & Forecasts (2015 - 2020)" report to their offering.
Respiratory therapy is a medical specialty focused on the treatment, management, control, diagnostic evaluation and care of patients with deficiencies of the cardiopulmonary system.
Respiratory devices help in removal of mucus from the respiratory airways and thereby improve pulmonary function. Because of the high propensity for respiratory diseases, the global respiratory device market is growing rapidly.
The increase in the number of patients suffering from Chronic Obstructive Pulmonary disease (COPD), Tuberculosis, Asthma and pneumonia, technological advancements in the making of a better device and the increase in disposable incomes are some of the key market drivers. However, the cost associated with the purchase and operation of the device and the increase in its sophistication are some major restraints for developing and economically constrained countries.
The Global Respiratory Device market can be segmented based on the diagnostic and service, therapeutics and disposables. Based on diagnostic and services the market can be sub segmented based on types into spirometers, sleep test devices, peak flow meters, pulse oximeter and capnographs. Based on therapeutic devices it can be segmented as CPAP devices, BI-PAP devices, humidifiers, nebulizers, oxygen concentrators, ventilators, inhalers and resuscitators. Based on the type of disposable, the market is further segmented as masks, cannulas, tubes, filters and breathing circuit.
The increase in the demand of respiratory devices in private hospitals and clinics is an opportunity for the market to flourish. However, the lack of public awareness especially in developing countries is a key challenge for the potential market players.
- GE Healthcare
- Resmed Inc.
- Chart Industries Inc.
- AstraZeneca PLC
- Airsep Corp
- Dragerwerk AG
- Philips Healthcare
- Teleflex Inc
- Intersurgical Ltd
- Bomimed Inc
- Coviden PLC
For more information visit http://www.researchandmarkets.com/research/pngv7n/global