Respiratory Disposable Device Market Poised to Grow at a CAGR of 4.3% by 2024
Infinium Global Research has added a new report on Respiratory Disposable Device Market. The report presents analysis of global as well as regional markets of respiratory disposable device market over the period of 2016 to 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 chronic obstructive pulmonary disease (COPD) and 3 million die 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 detrimental effects of air pollution. Common causes of unhealthy air includes tobacco smoke, indoor & outdoor air pollution, toxic particles, fumes or allergens. Respiratory disposable devices minimizes 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 increasing prevalence of respiratory diseases, rapid urbanization, upsurge in 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 includes, 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 increased spread of the disease. However the cost associated with the purchase of respiratory disposable devices and lack of public awareness, especially in the rural areas are restraint factors for the growth of the market. Government regulations regarding 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. U.S is mainly responsible for driving the North America Respiratory disposable device market, owing to increase 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 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.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global respiratory disposable device market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global respiratory disposable device market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the respiratory disposable device market worldwide.
The report segments the global respiratory disposable device market on the basis of Type and Application.
Global Respiratory Disposable Device Market by Type
· Face Masks
Global Respiratory Disposable Device Market by Application
· Paediatric & Neonatal
Companies Profiled in the Report
· Philips Respironics
· ResMEd Company
· Smiths Medical
· Fisher & Paykel
· Becton Dickinson Company
· Flexicare Medical
· Hamilton Medical
· Armstrong Medical
· Ambu A/S
· Drive Medical
About Infinium Global Research
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