LONDON, Oct. 1, 2015 /PRNewswire/ -- The Global market for Respiratory Devices is expected to reach $18 billion by the end of 2020 growing at a CAGR of around 11.94% from 2014 to 2020. This escalation has generated the need to analyze, review and to forecast the growth of the medical respiratory device market. Owing to the rapid evolution of market in the use of CPAP devices, medical device companies which are able to launch new innovative equipment will be awarded with huge benefits. Need of home healthcare devices has opened the gates for the respiratory devices market. The study clarifies that the CPAP devices currently dominate the respiratory device market and are expected to dominate in the future also.
North America currently dominates the market for medical aesthetic devices and is expected to continue its strong hold for a few more years. Asia Pacific region is expected to increase its market share in the future owing to the increase in technological advancements in respiratory device market. The Global Respiratory Devices Market is segmented on the basis of Diagnostic & Monitoring Devices (Spirometer, Sleep Test Devices, Peak Flow Meters & Pulse Oximeters), Therapeutic Devices (CPAP Devices, Bi-PAP Devices, Humidifiers, Breathing Circuits, Nebulizers, Oxygen Concentrators & Ventilators), Disposables (Masks, Cannulas, Tubes, & Filters) & Region (North America, Europe, Asia Pacific & Rest of the World).
Rising incidence of Chronic Obtrusive Pulmonary Disease, increase in the technological advancements, increased disposable income in developing nations are the major factors driving the growth of the respiratory devices market.
Expensive devices and increased sophistication in the usage of the devices are the major challenges faced by the market.
What the report offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market.Market analysis for the Global Respiratory Devices Market, with region specific assessments and competition analysis on a global and regional scale.Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.Identification and analysis of the Macro and Micro factors that affect the Global Respiratory Devices Market on both global and regional scale.A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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