Competitive Landscape
ACare Technology (Taiwan), Drägerwerk AG (U.S.), Rotech Healthcare Inc. (U.S.), Chart Industries (U.S.), GE Healthcare (U.K), Koninklijke Philips N.V (the Netherlands), Bayer AG (Germany), Smiths Group Plc. (U.S.), Fisher & Paykel Healthcare (New Zealand), F. Hoffmann-La Roche Ltd (Switzerland), BD. (U.S.), Inogen (U.S.), and Masimo. (U.S.) are the notable players in the global respiratory therapeutic devices market.
Respiratory Therapeutic Devices Market Research Report – Global Forecast till 2023
is predicted to scale to new heights and expand at a CAGR of 10.8% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in an in-depth study.
The growth of the Global Respiratory Therapeutic Devices Market is primarily led by the recent surge in the incidence of chronic respiratory diseases such as asthma, COPD, and sleep disorder breathing. As per the estimates of the World Health Organization (WHO), approximately 235 Mn people suffered from asthma in 2017 across the globe. The growing burden of chronic respiratory diseases (CRDs) induces strong demand for respiratory therapeutic devices within the market. Moreover, with the increase in the global aging population, there is a greater need for respiratory therapeutic devices.
The aged populace is more susceptible to suffering from such disorders and can help stimulate market growth. Technological advancements in respiratory therapeutic devices which have resulted in the incorporation of advanced features along with outlay of massive amounts on R&D activities by medical device manufacturers are expected to foster the growth of the market. High demand for respiratory therapeutic devices in home healthcare setting is a key factor in boosting the growth of the market.
Respiratory Therapeutic Devices Market Research Report, By Product (Nebulizers, Humidifiers) By Technology (Electrostatic Filtration, HEPA) By Application (Asthma, COPD, Cystic Fibrosis) By End Users (Hospitals, Home Care) - Global Forecast till 2023 : https://www.marketresearchfuture.com/reports/respirtory-therapeutic-devices-market-559
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