A latest report from Absolute Markets Insights covers insights into the global Respiratory Care Devices market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Respiratory Care Devices market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Respiratory Care Devices report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Respiratory Care Devices report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Respiratory Care Devices market include: 3M, Air LiquideMedical Systems, Allied Healthcare Products, Inc., APEX MEDICAL CORP., BD (CareFusion), Drägerwerk AG & Co. KGaA, Drive DeVilbiss International, Fisher & Paykel Healthcare Limited, GENERAL ELECTRIC COMPANY, Getinge AB, Hamilton Medical, Invacare Corporation, Koninklijke Philips N.V., Masimo, McKesson Medical-Surgical Inc., Medtronic, Nihon Kohden Corporation, Nonin, Omron Healthcare, Inc., ResMed, Salter Labs, Smiths Group plc., Sunset Healthcare Solutions Inc, Teleflex Incorporated, VYAIRE MEDICAL, INC., amongst others.
In terms of revenue, global respiratory care devices market was valued at US$ 15527.49 Mn in 2022 and is anticipated to grow at a CAGR of 12.25% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Respiratory Care Devices Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Respiratory Care Devices Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Respiratory Care Devices Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Respiratory Care Devices Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Respiratory Care Devices Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Respiratory Care Devices market?
Respiratory illnesses have been plaguing the lives of individuals since time immemorial. Diseases such as asthma and chronic obstructive pulmonary disease (COPD) are on the rise off late. Decline in air quality as a result of vehicular and industrial pollution, coupled with the increase in smoking is leading to the growth of these illnesses. In the U.S. alone, smoking claims the lives of about 480,000 deaths each year. Respiratory care devices help in bettering the lives of individuals through efficient monitoring of oxygen levels, and faster diagnosis of diseases. The added focus on home-based healthcare, coupled with the advancement in medical technology that is increasing the portability of these devices is leading to the growth of the global respiratory care devices market.
The COVID-19 pandemic has severely hampered normal lives across the globe. Currently, over 64.2 million individuals have been infected by coronavirus worldwide, based on governmental sources. Also, the virus has claimed the lives of over 1.49 million individuals. Shortness of breath, which is known as dyspnea in medical terminology, is commonly associated with the SARS-CoV-2, which is responsible for causing COVID-19. Individuals affected by the virus have reported shortness of breath, and many have been left gasping for air in more advanced cases. Based on United States’ Centers for Disease Control and Prevention (CDC) authority, around 31% to 40% patients who were tested positive for the virus experienced severe shortness of breath. This condition occurs because the COVID-19 virus is responsible for disrupting normal oxygen transfer in the human body. The battle between the immune system, which is helped by the white blood cells, and the virus leads to the formation of pus. Pus consists of excess fluid and dead cells, which blocks the respiratory tract, thereby leading to coughing and shortage of breath.
To relieve the breathing troubles in COVID-19 positive patients, ventilators are being used in healthcare facilities. Ventilators help in making the lungs function normally, and government bodies are increasingly trying to procure more ventilators to deal with the surge in COVID-19 cases in countries like the U.S., Brazil, etc. Globally, studies show that around an additional 880,000 ventilators would be required to cater to the needs of COVID-19 patients. Among these, the U.S. alone requires about 75,000 ventilators. Ventilator manufacturers are increasingly ramping up production to meet the growing demand for both invasive and non-invasive ventilators. Furthermore, there is also a higher demand for protective masks to keep the virus at bay. Government bodies are increasingly encouraging individuals to use a respiratory mask to prevent the transfer of fluids while speaking and breathing. In India, for instance, several states are imposing fines on individuals who are refusing to wear masks in public. Scientists from India stated that N-95 masks are the most effective for combating the COVID-19 pandemic. The surge in demand for respiratory care equipment such as ventilators during the pandemic is helping in the rapid growth of the global respiratory care devices market.
Global Respiratory Care Devices Market Segmentation:
Respiratory Care Devices Market By Offering (Products (Therapeutic Devices (Positive Airway Pressure (PAP) Devices(Continuous Positive Airway Pressure (CPAP), Bi-Level Positive Airway Pressure (BiPAP), Automatic Positive Airway Pressure (APAP)), Ventilators (Invasive, Non-Invasive), Nebulizers, Humidifiers, Oxygen Concentrators, Inhalers, Reusable Resuscitators, Others), Monitoring Devices (Pulse Oximeters, Capnographs, Gas Analyzers), Diagnostic Devices (Spirometers, Polysomnography (PSG) Devices, Peak Flow Meters, Others), Consumables And Accessories (Masks (Disposable, Reusable), Tubes, Breathing Circuits, Resuscitator, Others), Services); By Type(Portable, Non-Portable); By End-Users (Hospitals And Clinics, Research Labs, Elderly Care Centers, Home-Care, Others); By Health Condition (Chronic Obstructive Pulmonary Disease (COPD) , Asthma , Infectious Diseases, Sleep Apnea, Others); By Sales Channel (Online (Company Website, Third-Party Websites), Offline); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022-2030
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