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Therapeutic Respiratory Devices Market Growing at 9.5% CAGR to 2024

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The commercialization potential of therapeutic respiratory devices market has soared by several notches since the last few years, primarily on account of the rising prevalence of respiratory and pulmonary disorders.

— Driving therapeutic respiratory devices market trends include consistent requirement to reduce the symptoms of respiratory and pulmonary disorders such as COPD, asthma, and lung cancer and slow down disease progression. As per estimates, 235 million people suffer from asthma globally, while more than 3 million people die annually from COPD (chronic obstructive pulmonary disease), accounting for an estimated 6% of global deaths. According to the American Lung Association, in 2011, more than 10 million Americans suffered from chronic bronchitis, a type of COPD. ALA also estimates that about 4.7 million Americans were afflicted by emphysema in 2011, another critical form of COPD, making the disease one of the most dreaded ones worldwide. adds a new market research report titled Therapeutic Respiratory Devices Market Size By Product (OSA Devices [PAP Devices, Oxygen Concentrators, Adaptive Servo-ventilators], Ventilators [Adult, Neonatal], Inhalers [Nebulizers, MDI, DPI], Humidifiers [Heated Humidifiers, Passover Humidifiers, Integrated Humidifiers, Built-in Humidifiers, Standalone Humidifiers]), By End-use (Hospital, Homecare Settings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Switzerland, China, India, Japan, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2018 - 2024 to the Pharmaceuticals and Healthcare segment of its online reports store

According to this report global therapeutic respiratory devices market will exceed USD 21.5 billion by 2024 majorly driven by growing elderly population base, who are prone to chronic disease owing to age related structural changes, changes in ventilatory response as well as pulmonary functions.

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Ventilator segment is expected to generate revenue of USD 2.2 billion in 2024, owing to the rising number of surgeries being performed worldwide. Homecare segment will grow at a robust rate of around 10.5% over the forecast period owing to increasing demand for technologically advanced products that are portable, patient-friendly and easy to operate.

U.S. therapeutic respiratory devices market accounted for the highest revenue of USD 3.8 billion in 2017 owing to the availability of developed healthcare facilities and technological advancements. Some of the notable industry players of global therapeutic respiratory devices market are Aircep Corporation, Breas Medical, CareFusion Corporation, Compumedics, Fisher & Paykel, GE Healthcare, Hamilton Medical, Hill-Rom, Inogen, Invacare, Medtronic, Mindray Medical, Philips Healthcare, Resmed, Smiths Medical and Teleflex.

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Selected chapters from Table of Contents of this therapeutic respiratory devices market report:

Chapter 2. Executive Summary

2.1. Therapeutic respiratory devices industry 360º synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. End-use trends

2.1.4. Regional trends

Chapter 3. Therapeutic Respiratory Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers Rising prevalence of respiratory diseases in developing countries Increasing geriatric population globally Technological innovation in developed countries

3.3.2. Industry pitfalls & challenges Lack of patient compliance Cost burden of respiratory diseases

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By end-use

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Porter's analysis

3.8. Competitive landscape,2017

3.8.1. Strategy dashboard

3.9. PESTEL analysis

Complete report on 2018-2024 therapeutic respiratory devices market analysis spread across 180 pages and published in June, 2018 is now available at .

On a related note, another report titled “Global Therapeutic Respiratory Devices Sales Market Report 2018” is of 103 pages and categorizes the market size (value & volume) by key players, type, application, and region. On the basis of product, this report displays the production, revenue, price, therapeutic respiratory devices market share and growth rate of each type, primarily split into:

By Product – Nebulizers, Humidifiers, Oxygen Concentrators, Ventilators, Gas Analyzers, Capnographs

By Technology - Electrostatic Filtration, HEPA, Hollow Fiber Filtration, Microsphere Separation

By Filters – Nebulizer, Humidifier, Positive Airway Pressure Device, Oxygen Concentrator, Ventilator Filters
Read more at .

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Name: Arun Hegde
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Organization: Market Study Report

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Source: MarketersMedia

Release ID: 376820

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