Global Respiratory Disposables Industry Forecast, 2020-2030 Featuring Fisher & Paykel, Becton Dickinson Co, Ambu A/S, Smiths Medical, Armstrong Medical, and More

DUBLIN, March 4, 2020 /PRNewswire/ -- The "Respiratory Disposables Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global respiratory disposables market was valued at about $1.4 billion in 2018 and is expected to grow to $1.49 billion at a CAGR of 1.5% through 2022. Major players in the market are Fisher & Paykel, Becton Dickinson Company, Ambu A/S, Smiths Medical, and Armstrong Medical.

High prevalence rate of respiratory diseases globally is driving the respiratory disposables market. Excessive smoking, exposure to toxic materials, adverse climate conditions and air pollution are some of the main causes which are leading to rise in respiratory diseases such as asthma, lung cancer, Chronic Obstructive Pulmonary Disease (COPD) and obstructive sleep apnea (OSA).

According to a study, around 65 million people suffer from chronic obstructive pulmonary disease (COPD) and around 3 million people die every year because of this disease. It was also reported that around 334 million people suffer from asthma diseases caused by air pollution as well as tobacco smoke, toxic disposable devices. These factors are increasing the demand for treatment of respiratory ailments, thus driving the respiratory diseases market.

Respiratory disposables market is being restrained due to stringent regulatory policies. Regulatory agencies and governments across various countries are imposing stringent restrictions on product approval and launch, this is limiting the market growth. For instance, in 2005, FDA banned Amphastar Pharmaceutical's Primatene product, an albuterol CFC inhalers for asthma because of ozone-depleting chlorofluorocarbon (CFC) propellants have depleted the ozone layer. In 2014, the FDA rejected Amphastar's first attempt to bring a reformulated version of Primatene mist to market. Again in 2016, the FDA rejected another application for Primatene Mist. In November 2018, FDA approved new formulation of Primatene Mist. Stringent regulations result in rise in development costs and potential sales loss due to delays in product launch, thus restraining the Respiratory disposables market.

Rapid advances in technology are driving innovation in respiratory disposable manufacturing. Areas of particular development are likely to be AIR gel technology, wearable technologies, and 3D printing technology. These technologies are being used in the manufacturing of respiratory disposables, resulting in higher productivity, lower costs and higher margins. Companies in this market are increasingly focusing on AIR gel technology, in which gel is incorporated into the bag on the edges of the mask which helps to the protection of the skin and creates a bridge to minimize the irritation of the skin and for effective sealing. For example, Vyair medical prepared Veraseal 2 disposable mask, used for acute care with AIR gel technology and advantage of vented and non-vented versions. Similarly, Sleepnet prepared Mojo ventilation masks with Airgel technology.

In the USA, occupational safety and health administration (OSHA) regulates all respiratory medical equipment, guidelines for which are specified in 29 CFR 1910. 134. Under OSHA, national institute for occupational safety and health/national personal protective technology laboratory (NIOSH/ NPPTL) provides market approval certificate and FDA approves the product for marketing. Before market approval, all the medical devices should be analyzed appropriately by performing compatibility test within a hospital environment. They are tested on Electrical bench and Non clinical performance testing is also required. Moreover, proper software verification, validation, and hazard analysis must be performed. Labels on the devices are required to include the purpose of the device.

In April 2018, Vyaire Medical acquired Acutronic Medical for an undisclosed amount. The acquisition is expected to enhance Vyaire's product portfolio, technological capabilities and expand their intellectual capital. Acutronic Medical develops and sells ventilation solutions for NICU's/PICU's, ICU's and Intensive Care Transportation. The company was founded in 1981 and is headquartered in Switzerland.

Key Topics Covered

1. Executive Summary

2. Respiratory Disposables Market Characteristics

3. Respiratory Disposables Market Size and Growth
3.1. Global Respiratory Disposables Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Respiratory Disposables Forecast Market, 2019 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market

4. Respiratory Disposables Market Segmentation
4.1. Global Respiratory Disposables Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion

• Masks
• Tubes
• Inhalers
• Others

4.2. Global Respiratory Disposables Market, Segmentation by End-user, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion

• Hospitals
• Clinics
• Ambulatory Care Centers
• Others

4.3. Global Respiratory Disposables Market, Segmentation by Disease Indications, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion

• Asthma
• Chronic Obstructive Pulmonary Disorder
• Tuberculosis
• Lung Cancer
• Other Chronic Respiratory Diseases

4.4. Global Respiratory Disposables Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion

• Adult
• Pediatric & Neonatal

5. Respiratory Disposables Market Regional and Country Analysis
5.1. Global Respiratory Disposables Market, Split by Region, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.2. Global Respiratory Disposables Market, Split by Country, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion

Companies Mentioned

• Ambu A/S
• Armstrong Medical
• Becton, Dickinson & Co
• Besmed
• Cardinal Health
• Draeger Medical
• Drive Medical
• Dynarex
• Fisher & Paykel
• Flexicare Medical
• Hamilton Medical
• Hangzhou Jinlin Medical Appliances
• Hangzhou Tappa Medical Technology
• Mercury Medical
• Ningbo Boya Medical Equipment
• Ningbo Greetmed Medical Instruments
• Philips Respironics
• ResMed
• Smiths Medical
• SunMed
• Teleflex
• Viomedex
• Vyaire Medical
• Weihai Strong Medical Sci-Tech

For more information about this report visit https://www.researchandmarkets.com/r/xfg8t1

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com