Breathing Machines Market Scope
A breathing machine is an equipment or device that enables breathing during low oxygen levels in the blood. Commonly, breathing machines are more popular in the generic population. Also, the rising number of chronic obstructive pulmonary disease and asthma patients have been supplementing the growth of the market. New launches of portable breathing machines have been growing the home care services that are ultimately driving the operating market. Additionally, increasing research and development activities by established key players, increasing medical tourism and increasing government funding for developing healthcare infrastructure have been enhancing the growth of the market.
The market study is being classified, by Application (Hospitals & Clinics and Home Healthcare) and major geographies with country level break-up. According to AMA, the Global Breathing Machines market is expected to see growth rate of 7.65% and may see market size of USD7789.0 Million by 2024.
Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Breathing Machines market throughout the predicted period.
ResMed (United States), Philips Healthcare (Netherlands), Medtronic (Ireland), Becton Dickinson (United States), GE Healthcare (United States), Teijin Pharma (Japan), Draeger India Pvt. Ltd (India), Fisher & Paykel (New Zealand), Invacare (United States) and Mindray (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are MEKICS CO., Ltd (South Korea), Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.(Germany), OMRON Corporation (Japan) and Air Liquide (France).
AdvanceMarketAnalytics has segmented the market of Global Breathing Machines market by Type, Application and Region.
On the basis of geography, the market of Breathing Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Asthma Nebulizers will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mobility , the sub-segment i.e. Portable Devices will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On September 2017, Indian robotic engineer has designed compact ventilator in world’s cheapest price. The new innovation can create a new opportunities in portable breathing machines market.
- Increasing New Launches of Portable Breathing Machines by Key Players
- Increasing Adoption of Home Health Care Services in North American and European Countries
- Growing Demand from Increasing Geriatric Population across the Globe
- Rising Number of Respiratory Diseases such as Chronic Obstructive Pulmonary Disease and Asthma
- Increasing Research and Development Activities by Established Key Players
- Increasing Medical Tourism and Increasing Government Funding for Developing Healthcare Infrastructure
- Strict Government Regulation Associated with Breathing Machines
- Intense Competition among Key players
Key Target AudienceBreathing Machine Manufacturers, Breathing Machine Suppliers and Distributors, Raw Material Suppliers, Private Research Organization, Potential Investors and Others
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