The global respiratory device market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Major factors augmenting the respiratory device market is the high prevalence of COVID-19, sleep apnea, asthma and COPD patients globally. Changing lifestyle and increasing obesity is also one of the major factors for rising cases of respiratory diseases. Asthma and chronic obstructive pulmonary diseases (COPD) account for approximately 60% of the respiratory drugs and devices market. An aging population and major lifestyle changes have led to a rise in respiratory diseases. in addition, habits such as overeating, smoking, lack of exercise and other major lifestyle changes are causing respiratory diseases. Cases of the respiratory disorder are also on a rise in new-born. However, there are factors such as high prices of medical devices and the availability of alternate treatment of sleep apnea that serve as barriers to the market growth.
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The respiratory devices are inhalation devices and equipment used to provide medication to the patient with respiratory ailments. Most of the devices use non-invasive form of therapy for treating a patients with respiratory diseases. Respiratory devices companies are concentrating on developing new and advance products such as smart inhalers and digital sensors. Companies are expanding their product portfolios and increasing their R&D budget in order to stay competitive in the market. Major respiratory devices include therapeutic devices such as masks, ventilators, humidifiers, positive airway pressure devices and other devices. Other respiratory devices include diagnostic and monitoring devices and consumables and accessories meters.
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Global Respiratory Device Market -Segmentation
By Diagnostic Devices
· Spirometers
· Sleep Test Devices
· Peak Flow Meters
· Pulse Oximeters
· Capnography
· Others
By Therapeutic Devices
· CPAP Devices
· BiPAP Devices
· Humidifiers
· Nebulizers
· Oxygen Concentrators
· Ventilators
· Inhalers
· Others
By Disposable Devices
· Masks
· Breathing Circuits
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
