Respiratory Devices Market Set For Rapid Growth And Trend By 2027Posted by Shefali Malhotra on March 11th, 2021 The global Respiratory Devices market was valued at US$ xx million in the year 2019. The market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2027, with an estimated CAGR of xx% during the forecast period (2021-2027). The research study also includes exhaustive information about market dynamics such as drivers, restraints, opportunities, technological advancements, future trends, supply chain analysis, patent landscape, pricing analysis, regulatory and reimbursement framework for precise market estimations and forecasts. Additionally, the business intelligence study encompasses the COVID-19 scenario as follows:
Get Free PDF Brochure Of This Report @ https://www.fostermarketresearch.com/product/industry/7/235/Pdf%20Brochure/ Competitive Insights Leading and emerging companies of the global Respiratory Devices market were identified based on their current offerings. Further, the Respiratory Devices industry is one of the most competitive industries, with the leading players actively competing against each other to gain a greater share in the industry. Some of the major companies in the Respiratory Devices market are: Philips Healthcare, ResMed Inc., Medtronic plc, Masimo Corporation, Fisher & Paykel Healthcare Ltd., GE Healthcare, Hamilton Medical AG, ResMed Inc., Masimo Corporation, Becton and Dickinson and Company, among others. The competitive landscape of the Respiratory Devices industry exhibits an inclination towards emerging strategies including product launches, partnerships, collaborations and contracts, acquisitions, funding, and other developments to achieve the objectives faster. Our reports fill up the gaps and provide you with all the detailed analysis of competitive companies involving:
For More Information Of This Report @ https://www.fostermarketresearch.com/product/industry/7/235/ Key Segments Covered in the global Respiratory Devices market report are:
Regional Coverage: The global Respiratory Devices market segregates into five regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America followed by Europe held the major share of the global market (in terms of value) in 2020. However, Asia-Pacific region exhibit highest CAGR (%) during the forecast period (2021-2027). Our research study further sub-divides regions into countries as follows:
Market Dynamics: The market for respiratory devices is mainly driven by infectious respiratory diseases like asthma and chronic obstructive pulmonary disease (COPD). The recent global pandemic caused by COVID-19 has come out as the main driving factor of increasing demand for respiratory devices. The increasing number of coronavirus patients around the globe has created a surge in demand of ventilators. For, instance, in the U.S., the Javits Convention Center is converted into a hospital with nearly 2,900 beds and significant ventilators. Such rising hospitals to combat COVID-19 situation is expected to increase the demand for ventilators and consequently of respiratory devices in the market. Apart from this, the change in the environment and lifestyle, rapid urbanization, and rise in the aged population are some factors that drive the global respiratory devices market. Moreover, the technological advances, ease of operation of devices, and increasing portability are other factors that contribute to the expansion of respiratory devices in home and alternate care settings, across the world. For instance, respiratory devices such as inhalers and nebulizers are portable, efficient and can be easily used by patients of asthma without requiring any professional assistance. In addition, government and non-profit initiatives, such as the Global Initiative for Asthma (GINA), awareness programs, and funding research studies have influenced the industry. Currently, the challenges faced by global respiratory device market include the lack of reimbursements for various diagnostic tests and the excise tax levied on the devices. For instance, in May 2020, in the U.S. a 2.3% tax is imposed on medical devices, but recently due to global pandemic, the president has decided to repeal this law and urge the manufacturers to make more respiratory devices, to meet the current demand. Buy Now This Business Strategic Report To Improve Your Profits @ https://www.fostermarketresearch.com/product/buy/7/235/ About Foster Market Research: Foster Market Research is a global market intelligence and advisory firm engaged in providing data-driven research extract from rigorous analysis, to the clients to make critical business decisions and execute them successfully. Foster connects over various distribution channels and numerous markets for great understanding of the trends and market to deliver our clients with accurate data. Our focus is on providing market research that delivers a positive impact on your business. We work continuously to provide our clients with the most accurate analytics data and research reports without any delay so as to improve their business strategies and provide them with rich customer experience. Contact Us: 1701 Royal Lane, #1306, Dallas Tx-75229 Phone: +1 469 4981929 Email: support@fostermarketresearch.com Like it? Share it! More by this author |