Respiratory Care Devices Market

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Respiratory Care Devices Market To Reach USD
37.04 Billion By 2027
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The rise in the incidence of respiratory
disorders, adaptation to new technological
advances, new product launches, and strategic
collaboration, rise in the patient pool are key
factors contributing to the high CAGR of the
Respiratory Care Devices market during the
forecast period.Market Size USD 18.41 Billion
in 2019, Market Growth - CAGR of 9.0 Market
Trends Favorable regulatory policies.According
to the current analysis of Reports and Data, the
global Respiratory Care Devices Market valued at
USD 18.41 Billion in 2019 and is expected to
reach USD 37.04 billion by the year 2027, at a
CAGR of 9.0. Respiratory care devices are
increasingly used in the treatment, monitoring,
and diagnosis of respiratory disorders. These
devices are given to the patients to improve the
treatment process.The rise in lifestyle habits
like smoking, consumption of alcohol, and an
increase in the geriatric population is a
significant factor boosting the market.
Technological advances for new devices,
regulatory approvals, product launches are
further promoting market growth. The prevalence
of air pollution, climate changes, dust, are also
fueling the market growth. The rising prevalence
of Respiratory diseases is snowballing all over
the world. In 2017, according to the WHO,
Respiratory diseases were considered to be the
leading causes of death and disability in the
world. Nearly 65 million people suffer from
chronic obstructive pulmonary disease (COPD), and
3 million are expected to die from it each year,
making it the third leading cause of death across
the world. Moreover, approximately 334 million
people suffer from asthma, the most common
chronic disease of childhood, affecting 14 of
all children globally.
Market Summary
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• Further key findings from the report suggest
• Masimo, in the year 2017, received an FDA 510(k)
  clearance for Rad-97 pulse co-oximeter and had
  launched it in the US. Rad-97 consists of a
  multi-touch display, a small footprint, and easy
  configuration it also comprises of WiFi and
  supported Bluetooth wireless connections to
  related compatible devices like thermometers,
  glucometers, and weight scales.
• In the year 2018, Convexity Scientificlaunched
  its Flyp nebulizer for COPD and asthma patients
  it is a held handheld, the pocket-sized device
  was approved by the FDA in the year 2017.
  Convexity's nebulizer comprises an internal
  vibrating disk that produces an inhaled aerosol
  mist to deliver medication deep into patients'
  lungs.
• CAIRE, in the year 2019, launched FreeStyle, it
  is a portable oxygen concentrator. It is being
  designed to deliver oxygen bolus as the user's
  respiratory rate. FreeStyle Comfort is designed
  to be comfortable for wear due to its unique
  ergonomic design. It has also met FAA guidelines
  for use on commercial air flights and also offers
  wireless connectivity.

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Market Summary

• Key Players
• Philips Healthcare (Netherlands), ResMed Inc.
  (US), Medtronic plc (Ireland), Masimo Corporation
  (US), Fisher Paykel Healthcare Corporation
  Limited (New Zealand), Chart Industries (US),
  Drager AG (Germany), Invacare Corporation (US),
  Getinge AB (Sweden), Air Liquide (France),
  Hamilton Medical AG (Switzerland), Vyaire Medical
  (US), GE Healthcare (US), Nonin Medical Inc.
  (US), Apex Medical Corp. (Taiwan), Smiths Group
  (UK), Omron Healthcare Inc. (US), Allied
  Healthcare Products, Inc. (US), Teleflex
  Incorporated (US), DeVilbiss Healthcare LLC (US),
  Convexity Scientific (US), CAIRE (US), Oventus
  Medical's (Australia).
• Segmentation
• For the purpose of this purpose, Reports and Data
  have segmented the Respiratory Care Devices
  market on the basis of products, indications, end
  use, and region
• Products Outlook (Revenue in Million USD
  20172027)
• Therapeutic Devices
• Monitoring Devices
• Diagnostic Devices
• Consumables and Accessories

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Market Summary

• Indications Outlook (Revenue in Million USD
  20172027)
• Chronic Obstructive Pulmonary Disease (COPD)
• Asthma
• Sleep Apnea
• Infectious Disease
• Lung Cancer
• Tuberculosis
• Idiopathic Pulmonary Fibrosis
• End Use Outlook (Revenue in Million USD
  20172027)
• Hospitals
• Home Care Settings
• Ambulatory Care Centers
• Regional Outlook (Revenue in USD Million
  20182026)
• North America
• Europe
• Asia Pacific
• Middle East Africa
• Latin America

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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