The recent report published by Infinium Global Research on respiratory disposable device market provides in-depth analysis of segments and sub-segments in global as well as regional respiratory disposable device market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional respiratory disposable device market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global respiratory disposable device market. According to report, the global respiratory disposable device market is projected to grow at a CAGR of 4.3% over the forecast period of 2018-2024.
Respiratory diseases including asthma, chronic obstructive pulmonary disorder (COPD), acute respiratory infections, tuberculosis, and lung cancer are some of the major chronic diseases affecting millions of people around the world. About 65 million people suffer from the chronic obstructive pulmonary disease (COPD) and around 3 million dies from it each year, making it the third leading cause of death worldwide. About 334 million people suffer from asthma, the most common chronic disease of childhood affecting 14% of all children globally. Respiratory disease occurs due to the detrimental effects of air pollution. Common causes of unhealthy air include tobacco smoke, indoor & outdoor air pollution, toxic particles, fumes or allergens. Respiratory disposable devices minimize the impact of unhealthy air on the human body.
Respiratory disposable device market was worth around XX million in 2017 and is expected to reach around XX million in 2024. Factors such as the increasing prevalence of respiratory diseases, rapid urbanization, upsurge in a number of surgical procedures, rise in pollution level to drive the respiratory disposable device market. Also, the other factors driving the respiratory disposable devices market include, the elimination of risk of cross-contamination associated with the usage of reusable respiratory devices, especially in the hospital settings, as most respiratory diseases are contagious and improper sterilization processes usually lead to cross-contamination, resulting in increased spread of the disease. However, the cost associated with the purchase of respiratory disposable devices and lack of public awareness, especially in rural areas is restraint factors for the growth of the market. Government regulations regarding the strict usage of respiratory disposable devices in private hospitals and clinics can create an opportunity for the respiratory disposable device market to flourish.
Among the Geographies, North America held the dominant share in 2017 and is expected to dominate the Respiratory disposable device market. The U.S is mainly responsible for driving the North America Respiratory disposable device market, owing to increasing awareness and adoption of the disposable masks, inhalers, filters, and other respiratory disposable devices. Asia Pacific is expected to grow at the highest CAGR on account of the increasing prevalence of smoking, increasing chronic obstructive pulmonary disorder (COPD) patients and decreasing quality of air, especially in developing countries such as China and India.
The report on global respiratory disposable device market covers segments such as type and application. On the basis of type, the global respiratory disposable device market is categorized into face masks, tubes, filters, inhalers and others. On the basis of application the global respiratory disposable device market is categorized into an adult and pediatric & neonatal.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global respiratory disposable device market such as Philips Respironics, ResMEd Company, Smiths Medical, Fisher & Paykel, Becton Dickinson Company, Flexicare Medical, Hamilton Medical, Armstrong Medical, Ambu A/S and Drive Medical.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global respiratory disposable device market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of respiratory disposable device market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the respiratory disposable device market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the respiratory disposable device market to understand the present and future trends in this market and formulate their strategies accordingly.