APAC to Dominate Global Respiratory Care Devices Market, Forecasts IQ4I Research & Consultancy in Its New Report Now Available at MarketPublishers.com23 Aug 2016 • by Natalie Aster
LONDON – The global market for respiratory care devices is expected to be on the rise, registering a high single-digit CAGR through 2020. Robust market growth will be driven by manifold factors including rising incidence of respiratory diseases, expanding prevalence of smoking habit, aging population, enhancing preterm birth incidence, increasing pollution and urbanisation, ongoing technological advancements and introduction of new products, among others.
However, growth of the respiratory care devices market could be hampered by some factors like poor awareness of respiratory diseases, bad effects of certain respiratory devices on infants, lack of new technologies, availability of low-cost products from local manufacturers, big number of undertreated and underdiagnosed patients, stringent approval requirements and some other.
Currently, the lion’s share of the world respiratory care devices market belongs to the APAC region. This regional market is propelled by the rising prevalence of lifestyle diseases, progressive government initiatives, ongoing innovations and enhancing demand for exclusive and sophisticated medical services. The APAC respiratory care devices market is likely to follow an upward trend though 2020 and attract new investors and market participants.
The global market for respiratory care devices is dominated by such giants as Chart Industries, Becton Dickinson and Company (Care Fusion), Drager Medical AG & Co. KGaA, GE Healthcare, Fisher & Paykel Healthcare, Invacare Corporation, Medtronic PLC, Gettinge Groups, Philips Healthcare and Resmed.
Cutting-edge research report “Respiratory Care Devices Global Market - Forecast to 2022” worked out by IQ4I Research & Consultancy has been recently added at MarketPublishers.com.
This research study includes a granular analysis of the on-going scenario in the world market for respiratory care devices. It highlights the market dynamics, includes a comprehensive review of the market growth drivers, restraints, threats and challenges, examines the emerging market trends and opportunities. Porter’s five forces analysis, market share and patent analyses are also provided here. Moreover, the report casts light on the market competitive landscape, traces new product launches, mergers and acquisition, recent agreements, partnerships, collaborations and joint ventures. Granular future forecasts for the market up till 2020 as well as ten profiles of the major market participants are available in the research study.
More new insightful research studies by IQ4I Research & Consultancy can be easily found at its online page.