Persistence Market Research is released upcoming report on title "Respiratory Care Devices Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/19/2014 -- Respiration is the most important metabolic process of the human body by which body obtains energy by reacting oxygen with glucose to release water, CO2 and energy in the form of adenosine triphosphate (ATP). Human respiratory system not only provides oxygen to every parts of the body, also removes body wastes, filtration of infectious agents and provides air needed for speech. Several factors, such as smoking and entrants of pollutants, affect respiratory system and causes diseases. Some respiratory diseases are temporary and less harmful. However, some may be life-threatening. For instance, asthma, cystic fibrosis (CF), chronic obstructive pulmonary disease (COPD), bronchiectasis, chronic bronchitis and pulmonary fibrosis are life-threatening respiratory diseases. Asthma is one of the serious condition in which the small airways of the affected person's lungs suddenly constrict when they are exposed to exercise, pollen or even dry air. Cystic fibrosis (CF) is an inherited disease that affects the body's exocrine glands which secrete saliva, mucus, tears and sweats. COPD is a group of diseases that involve progressive narrowing of the airways that service the lungs.
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The global respiratory care devices market is categorized based on various monitoring devices, diagnostic devices, therapeutic devices and preterm respiratory care devices. Monitoring respiratory care devices segment is further sub-segmented into pulse oximeter, disposables and capnograph. Pulse oximeter is the largest sub-segment of respiratory care monitoring segment. Diagnostic respiratory care devices segment includes spirometer, peak flow meters and polysomnograph. Spirometers sub-segment holds largest share in diagnostic respiratory care devices segment. Therapeutic respiratory care devices segment covers positive airway pressure (PAP) devices, humidifiers, ventilators, nebulizers and inhalers. PAP is the largest sub-segment in therapeutic respiratory care devices segment. Preterm respiratory care devices segment is sub-segmented into infant ventilator, nasal CPAP, oxygen hood, extracorporeal membrane oxygenation (ECMO), nitric oxide delivery unit and resuscitators.
In terms of geographic, North America dominates the global respiratory care devices market. This is due to rapid technological advancement in respiratory care devices in the region. The U.S. represents the largest market for respiratory care devices followed by Canada in North America. In Europe, France, Germany and the U.K. holds major share of respiratory care devices market. However, Asia is expected to show high growth rates in the next five years in global respiratory care devices market. This is due to many companies constructing their manufacturing facilities in the region. In addition, increasing awareness about respiratory diseases and improving healthcare infrastructure are also supporting in the growth of respiratory care devices market in the region. Japan, China and India are expected to be the fastest growing ENT devices markets in Asia.
In recent time, increasing aging population is key driver of global respiratory care devices market. Rising number of respiratory diseases and technological advancement in fields of respiratory monitoring and diagnostic devices have also fueled the growth of global respiratory care devices market. In addition, increasing home care treatment holds immense potential to the growth of respiratory care devices market.
However, stringent regulations hamper the growth of global respiratory care devices market. In addition, lack of skilled labor to operate devices also obstructs the growth of the market.
Some of the major companies operating in the global respiratory care devices market are Carefusion Corp, GE Healthcare, Airsep Corp, Philips Healthcare, Compumedics Ltd., and Covidien, Inc.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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