$24.07 Billion Respiratory Care Devices Market 2017 by Product, Monitoring, End User, Indication - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of 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 2021" report to their offering.

The respiratory care devices market is expected to grow at a lucrative CAGR of 9.7% from 2016 to 2021, to reach USD 24.07 billion by 2021 from USD 15.14 billion in 2016.

Market growth can be attributed to a number of factors such as high prevalence of respiratory diseases, rapid growth in the aging population, the high prevalence of smoking, rising urbanization and pollution levels, increasing incidence of preterm births, and lifestyle changes.

The rapid developments in emerging markets such as Asia-Pacific and Latin America and the growing demand for point-of-care (POC) diagnostic devices are expected to provide significant growth opportunities for players operating in the respiratory care devices market in the coming years. The rising demand for enhanced portable devices, growing demand for multimodal ventilators and focus of market players on expanding their geographic presence are the key trends of this market.

However, the lack of awareness of respiratory conditions leading to a large underdiagnosed and undertreated population and the harmful effects of certain respiratory care devices on neonates are the major challenges in this market.

Key Market Dynamics

Market Drivers

  • Rapid Growth in Geriatric Population
  • Rising Prevalence of Respiratory Diseases
  • Increasing Incidence of Preterm Births
  • Urbanization and Growing Pollution Levels
  • High Prevalence of Tobacco Smoking
  • Changing Lifestyle

Market Restraints

  • Reimbursement Concerns
  • Availability of Low-Cost Products From Local Manufacturers

Market Opportunities

  • Growing Demand for Home Care Therapeutic Devices
  • High Growth in Developing Countries Across APAC and Latin America
  • Point-Of-Care Diagnostics

Market Challenges

  • Lack of Awareness and Large Underdiagnosed and Undertreated Population
  • Harmful Effects of Certain Devices on Neonates

Industry Trends

  • Rising Demand for Enhanced Portable Devices
  • Focus of Market Players on Expanding Their Geographic Presence
  • Growing Demand for Multimodal Ventilators

Companies Mentioned

  • Airing
  • Becton, Dickinson and Company
  • Chart Industries
  • Dr├Ągerwerk AG & Co. KGaA
  • Expand-A-Lung
  • Fisher & Paykel Healthcare
  • Hamilton Medical
  • Invacare
  • Masimo
  • Medtronic
  • Philips Healthcare
  • Resmed
  • The Charles Stark Draper Laboratory

For more information about this report visit http://www.researchandmarkets.com/research/pjt7ph/respiratory_care

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Respiratory Devices

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Respiratory Devices