North American Respiratory Device Market Trends, Size, Competitive Analysis and

Posted by pooja makkhar on March 25th, 2020

The North American respiratory device market was valued at around .6 billion in 2018 and is estimated to grow at a CAGR of around 6.2% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in North America. The increasing demand from COPD, Sleep Apnea and asthma patients in the US for the respiratory device and favorable reimbursement in the US is favoring the growth of the regional market. North American respiratory device is further analyzed into the US and Canada. The US is the major market due to greater healthcare expenditure and a higher prevalence rate of respiratory diseases. The US respiratory device market was around .2 billion in 2018 and is anticipated to grow at a CAGR of around 6.3% during the forecast period. 

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The North American respiratory device market is segmented on the basis of product and end-user. The respiratory product segment is further sub-segmented into therapeutic devices, diagnosis and monitoring devices, and consumables and accessories. The therapeutic devices segment is estimated to dominate the regional market and is also anticipated to grow at the fastest growth rate over the forecast period. The high cost of therapeutics device and significant demand for continuous positive airway pressure (CPAP) devices and masks, ventilator, oxygen concentrator, and oxygen hoods contribute majorly to the segmental growth of the market for therapeutic devices. Based on end-user, the market is analyzed into hospitals and clinics, and home care. 

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North American Respiratory Device Market Segmentation

By Product

·         Therapeutic Devices

·         Diagnostic and Monitoring Devices

·         Consumables and Accessories

By End-User

·         Homecare

·         Hospitals and Clinics

Regional Analysis

·         US

·         Canada

Company Profiles

·         3B Medical, Inc.

·         3M Co.

·         Acorda Therapeutics, Inc.

·         Adamis Pharmaceuticals Corp.

·         Adherium Ltd.

·         Aradigm Corp.

·         AstraZeneca PLC

·         Boehringer Ingelheim International GmbH

·         Chart Industries, Inc.

·         Circadiance LLC

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