Global Respiratory Care Device Market Set for Considerable Growth, Expects P&S Market Research in Its Report Published at MarketPublishers.com20 Mar 2017 • by Natalie Aster
LONDON – Asthma, emphysema, chronic bronchitis and pulmonary edema are some of the major respiratory diseases. The number one health problem causing morbidity and mortality is the chronic obstructive pulmonary disease. Approximately 71% of cancer deaths and more than 40% of chronic respiratory diseases are smoking-related.
There are many devices that are used to diagnose and monitor respiratory diseases: pulse oximenters, spirometers, gas analyzers, and more. As of 2015, a value of the global market for respiratory care devices stood at around USD 4.4 billion. It is set to demonstrate sustainable growth in the near term of more than 8%. Technological advancements, the increasing geriatric population, and the rising prevalence of respiratory diseases are some of major drivers.
When it comes to end-use segments, the home care market is expected to show the swiftest growth in the coming years.
The largest share in the world’s market belongs to North America. This regional marketplace is set to show considerable growth in the coming years. The growth will be encouraged by the rising geriatric population, high adoption of such devices, etc. Europe is the number two in the global list, and this market is driven by rapid urbanization, growing healthcare expenditures, a high pollution level, and more. But the highest growth is expected to occur in APAC thanks to the large pool of patients, rising healthcare expenditure, changing lifestyles, etc.
ResMed, Hamilton Medical, and General Electric Company are some of major companies globally.
In-demand research report “Global Respiratory Care Device Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type, by End User” worked out by P&S Market Research provides a comprehensive guide to the global respiratory care marketplace. The study offers a 360-degree overview of the space.
It sheds light on driving forces and focuses on restraints of the market. The report covers performance of market segments. The research study scrutinizes the competitive environment and contains company profiles.
More insightful reports by P&S Market Research can be found at its page.