(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 15, 2021, 03:44 /Comserve / -- The global respiratory devices market is forecasted to reach US$30.77 billion in 2024, growing at a CAGR of 5.93% for the period spanning 2020-2024.
COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.
The global respiratory devices market is forecasted to reach US$ 30.77 billion in 2024, growing at a CAGR of 5.93% for the period spanning 2020-2024. The factors such as increasing chronic respiratory disease incidence, inclining geriatric population, accelerating economic development, rising personal healthcare expenditures, growing pollution levels, improving consumer confidence and improvement in respiratory devices manufacturing process are expected to drive the market. However, growth of the industry would be challenged by the competitive pressure and stringent regulation. Few notable trends include rising med-tech research and development expenditures, accelerating smart inhaler industry, technological advancements in ventilators and improving consumer bargaining power in developing economies.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Respiratory Devices Market Insights by Latest Trends, Future Growth, Top Companies, Revenue Forecast, Demand Forecast with Potential Impact of COVID-19 (2020-2024)
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the respiratory market as the demand for masks, respirators, protective clothing, and gloves have increased significantly not limited to healthcare sector but also to other industries.
On the basis of product type, the global respiratory devices industry is broadly bifurcated into therapeutic (nebulizers, ventilators, Positive Air Pressure (PAP), humidifiers, etc.), diagnostic & monitoring (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, etc.) and others i.e. consumables & accessories (mainly masks & breathing circuits).
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Respiratory Devices Market Insights by Latest Trends, Future Growth, Top Companies, Revenue Forecast, Demand Forecast with Potential Impact of COVID-19 (2020-2024)
The fastest growing regional market is North America due to increasing requirement of respiratory equipment in chemical R & D activities, launch of price benefits of home care machines and facilities related to hospital treatment by government. The U.S. represents one of the largest market and is already well-penetrated at developed market levels.
Scope of the report:
The report provides a comprehensive analysis of the global respiratory devices market segmented on the basis of product types i.e. therapeutic devices & diagnostics & monitoring device and on the basis of application i.e. COPD, Asthma and Sleep Apnea.
The major regional markets (North America, Europe and Asia-Pacific) have been analysed along with country coverage of US, Germany, UK, France and China.
The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
The competitive landscape of the market, along with the company profiles of leading players i.e. Koninklijke Philips N.V., Masimo Corporation, Invacare Corporation, ResMed Inc, Fisher & Paykel Healthcare Corporation Limited and Medtronic PLC.
Key Target Audience:
Respiratory Device Manufacturers
Raw Material Suppliers
End Users
Consulting Firms
Investment Banks
Government Bodies & Regulating Authorities
TABLE OF CONTENT
1. Market Overview
1.1 Introduction
1.2 Types of Respiratory Devices
1.3 Respiratory Device Supply Chain Analysis
2. Impact of COVID-19
2.1 Introduction
2.2 Decline in Global GDP Growth
2.3 Change in Organic Traffic
2.4 Disruption of Supply Chain
2.5 Growth in Spending on Healthcare
2.6 Government Initiatives
2.7 Respiratory Mask Consumption
2.8 Regional Analysis - US
2.9 Regional Analysis - Europe
2.10 Regional Analysis - Asia
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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