What is Therapeutic Respiratory Devices Market Scope?
The therapeutic devices are the devices that are meant for therapeutic usage to improve pulmonary function, boost lung oxygenation and also aid the mucus removal from the track. There are various types of devices available. There are various pediatric Therapeutic respiratory devices also available which are utilized in facilitating and regulating respiration among the infants during the post-natal care or also to take care in the case of premature or small date babies. The demand for therapeutic respiratory devices is on increase due to the high prevalence of respiratory diseases like asthma and chronic obtrusive pulmonary diseases.
The Therapeutic Respiratory Devices market study is being classified by Type (Nebulizers, Humidifiers, Oxygen Concentrators, Ventilators, Gas Analyzers and Capnographs), by Application (Hospitals, Clinics, Ambulatory Surgery Centers and Diagnostic Laboratories) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Therapeutic Respiratory Devices market throughout the predicted period.
Carefusion Corporation (United States), GE Healthcare (United States), Chart Industries (United States), Philips Healthcare (Netherlands), Compumedics Ltd. (Australia), Smiths Medical (United States), Covidien PLC (Ireland), Masimo Corporation (United States), Invacare (United States), Fisher (United States), Paykel (New Zealand) and Mindray (China) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Therapeutic Respiratory Devices market by Type, Application and Region.
On the basis of geography, the market of Therapeutic Respiratory Devices 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).
Market Influencers and their development strategies
In January 2020, Masimo Corporation acquired the Connected Care business from NantHealth (USA). This acquisition will help Masimo help hospitals deliver constant care through connectivity, automation, and innovative non-invasive surveillance technologies. and In May 2020, Philips entered into a partnership with Masimo. This partnership aimed to integrate Masimo's measurement technologies into select MX-Series intelligent multiparameter monitors to help clinicians investigate ventilation status and cerebral oximetry.
In April 2020, Philips had launched the PHILIPS RESPIRONICS E30 VENTILATOR. This would thereby enable the company to help healthcare professionals by means of providing superior quality ventilators.
Influencing Market Trend
- Growing Prevalence of Sleep Apnea
- Increase in Rate of Cigarette Smoking
- Rising Prevalence of Respiratory Diseases in Developing Countries
- Increasing Geriatric Population Globally
- A Rise in Outbreak of Infectious Diseases
- Technological Innovation in Developed Countries
- Growing Demand for Home Care Therapeutic Devices
- Cost Burden of Respiratory Compliance
- Unfavorable Reimbursement Scenario
- Lack of Patient Compliance
- Low Awareness of the Technology in the Under-Developed Countries
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Therapeutic Respiratory Devices, Suppliers and Distributors of Therapeutic Respiratory Devices, Venture Capitalists and Private Equity Firms and End-Use Industry
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