LONDON, Oct. 14, 2015 /PRNewswire/ -- The major trend driving the Respiratory Devices market is the rising incidence of Chronic Obtrusive Pulmonary Disease population.
APAC Respiratory Device market is currently estimated to be valued as $1.99 billion for the year 2014 and is expected to reach $3.48 billion by the end of 2019. The CAGR during this period of forecast is estimated to be 11.86%.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.
This escalation is developing the need to analyze, review and to forecast the growth of the medical aesthetic 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.
Large patient population, 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 respiratory devices.
What the report contains
The report elucidates the current scenario of the respiratory devices around the APAC region and also studies the markets of different respiratory devices which includes the likes of Humidifiers, resuscitators, breathing circuits, chambers, CPAP devices, masks, oxygen concentrators, nebulizers, ventilators, inhalers, tracheostomy tubes, oxygen cannulas, capnographs and spirometers. The study clarifies that the CPAP devices currently dominate the respiratory device market and are expected to dominate in the future also.
Lastly, the report is divided by geography - India, China, Japan, South Korea, Australia & Rest of APAC; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of respiratory devices have been discussed in detail in addition to a comprehensive overview of the market.
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