Respiratory Care Equipment and Supplies: A Global Strategic Business Report
San Jose, California (PRWEB) September 22, 2014
Follow us on LinkedIn – Respiratory care market occupies a significant presence in the medical field, as respiratory dysfunction is among the most widespread healthcare problems globally. Key factors underlying the rise in respiratory diseases worldwide include unhealthy lifestyle habits such as smoking; increasing levels of air pollution and rise in allergic asthma, COPD; and expanding base of aging population vulnerable to respiratory problems. Demand for respiratory care equipment and supplies is witnessing steady growth supported by growing knowledge of certain respiratory problems such as Obstructive Sleep Apnea (OSA), increase in demand for improved patient care, changing lifestyles and the subsequent rise in the incidence of chronic conditions, such as obesity, diabetes, hypertension, and Congestive Heart Failure (CHF), all which constitute risk factors for diseases that necessitate the use of respiratory care equipment.
Soaring healthcare expenditure associated with the treatment of respiratory diseases, and growing focus on reducing hospital stays are driving investments in novel diagnostic, monitoring, and therapy systems capable of delivering positive patient outcomes at reduced costs. Especially poised to spur growth in the market is the shift towards home healthcare as patients increasingly prefer to avail treatment at home, given the rising healthcare costs. The trend towards home healthcare is fuelling demand for advanced homecare solutions such as oxygen concentrators, humidifiers, nebulizers, and Positive Airway Pressure (PAP). Technology developments are expected to fuel adoption in hospitals, physician clinics, and homecare environment. Product innovation efforts are directed at developing safe and effective devices with longer battery life and disposable PFT filters that aid in addressing cross-contamination concerns.
As stated by the new market research report on Respiratory Care Equipment and Supplies, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 9.7 % over the analysis period. Growth in the region is led by developing healthcare infrastructure, increasing per capita healthcare spends and growing popularity of medical tourism. PAP Devices represents the largest product market with growth supported by strong growth in the homecare market, and the need to reduce ventilator induced infections. The relatively mature market for ventilators will be driven by the growing popularity of non-invasive ventilators. Key benefits driving the adoption of non-invasive ventilation include the ability to allow patients to swallow and speak, decreased need for sedation, and reduced risk of infection as opposed to tracheotomy ventilation.
Key players covered in the report include AirSep Corp., Allied Healthcare Products Inc., CareFusion Corp., Compumedics Ltd., Covidien Ltd., Dräger Medical AG & Co. KGaA, DeVilbiss Healthcare, Fisher & Paykel Healthcare Corp. Limited, GE Healthcare, Getinge Group, MAQUET GmbH & Co. KG, Hamilton Medical AG, Invacare Corporation, Itamar Medical Ltd., nSpire Health Inc., Philips Healthcare, ResMed, VORTRAN Medical Technology, and Weinmann Geräte für Medizin GmbH + Co. KG, among others.
The research report titled “Respiratory Care Equipment and Supplies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, key growth drivers, market issues, and strategic industry activities of companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, The Middle East, and Latin America. The global and regional markets are analyzed by product segments, including Spirometers, Other PFT Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Respiratory_Care_Equipment_and_Supplies_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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