The Respiratory Care Devices market is growing at a CAGR of 8.1% over the forecast period from 2021 to 2027 and is expected to reach USD 10.37 billion by 2027.
The increasing number of patients suffering from chronic pulmonary obstructive disease is one of the major drivers of the respiratory care devices market. Cases of respiratory diseases are increasing among the world’s population due to industrialization increasing demand for smoking, vehicle smoke emissions and respiratory care devices. Rising premature birth rates of urbanization and pollution and changes in people’s environments and lifestyles affect markets. In addition, the increase in the number of senior citizens, combined with the presence of a strong product pipeline awaiting approval, has an impact on the Respiratory Care Devices market. In addition, the growing demand for home care treatment devices due to easy-to-use features and government initiatives expand the profitable opportunities for market players during the forecast period 2021-2027.
A full report of RFID Market available at: https://www.orionmarketreports.com/rfid-market/23809/
Key Market Players:
The respiratory care devices market is dominated by a few globally established players such as Philips Healthcare (Netherlands), ResMed Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US). The study categorizes the respiratory care devices market based on type, indication, end user, component at the regional and global level.
RFID Market Segmentation
By Product
• Therapeutic Devices
• Monitoring Devices
• Diagnostic Devices
• Consumables and Accessories
By Indication
• Chronic Obstructive Pulmonary Disease (COPD)
• Asthma
• Sleep Apnea
• Infectious Disease
• Other diseases
By End-User
• Hospitals
• Home Care Settings
• Ambulatory Care Centers
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
The report covers the following objectives:
• Proliferation and maturation of trade in the RFID Market.
• The market share of the RFID Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the RFID Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the RFID Market.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by RFID Market Report
• What was the RFID Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of RFID Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the RFID Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
