DUBLIN--(BUSINESS WIRE)--The "Respiratory Devices Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global respiratory devices market to grow with a CAGR of 6.1% over the forecast period of 2018-2024. The study on respiratory devices market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Inhaling devices used to treat a variety of respiratory ailments are known as respiratory devices. Respiratory devices help patient to breathe more effectively. Obstructions and injury are common situations in which breathing assistance is necessary. Patients suffering from group of diseases that affect the lungs such as emphysema, bronchitis, and asthma need the respiratory device for their breathing problems.
Growing occurrence of chronic respiratory diseases such as asthma, pulmonary hypertension, chronic pulmonary lung disease, and occupational lung disease are the key causes boosting growth of the respiratory devices market, due to the need of therapeutic respiratory devices in the hospitals and in the homecare settings. In 2018, the World Health Organization (WHO) reported that asthma is a major non-communicable disease with an estimated 235 million people suffering from the condition. Moreover, aging is related with weakening of lung functioning and rise in prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma.
North America is expected to be the largest market for respiratory devices followed by Asia-Pacific. The demand for advance technology and suspicious compensation policies for respiratory care and rise in demand for advanced devices for home care use.
- Philips Respironics
- ResMed Inc.
- GE Healthcare Ltd
- Hamilton Medical AG
- Smith's Medical
- Teleflex Inc.
- Drager Medical GmbH
- Hamilton Medical AG
- Briggs Healthcare Inc
Key Topics Covered:
2. Executive Summary
3. Global Respiratory Devices Market Overview
4. Global Respiratory Devices Market by Product
5. Global Respiratory Devices Market by Region 2018-2024
6. Company Covered
For more information about this report visit https://www.researchandmarkets.com/research/gbhgt8/global?w=4