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Respiratory Care Device Market Growing on Account of Geriatric Population Boom

Respiratory Care Device Market

Respiratory Care Device Market:- Life cannot be lived without food, but merely eating it is not sufficient; the food must also be converted to energy. This is where respiration comes in, because it is during this process that the food is ÔÇśburnedÔÇÖ in the presence of oxygen to produce adenosine triphosphate or (ATP), which is the basic unit of animal energy. Now, several factors can hamper respiration, which are broadly known as respiratory and pulmonary diseases. Due to environmental as well as genetic factors, the prevalence of such diseases, primarily lung cancer, chronic obstructive pulmonary disease (COPD), and asthma, is increasing.

Thus, with the increasing number of people suffering from lung issues, the respiratory care device market is witnessing robust growth across the globe. Such devices help doctors ascertain what is wrong with people displaying compromised lung function and monitor their condition over long periods of time. The latter is important, so that if anything goes very wrong, doctors can intervene and save the life of their patient by taking the appropriate action.

Diagnostic and therapeutic instruments

Several diagnostic and therapeutic instruments as well as accessories and consumables come under the ambit of respiratory care devices. Among these, therapeutic devices have been the most widely procured by healthcare settings as well as individual patients practicing the do-it-yourself (DIY) approach. These devices further include positive air pressure devices, ventilators, humidifiers, nebulizers, and masks. Of these, ventilators are extremely important and common at large hospitals, as they deliver what is called life support, to patients incapable of breathing on their own.

Ventilators are used on critically ill patients, either to prolong their life till someone from their family decides to pull the plug or to buy time for a diagnosis. These machines essentially take over the functioning of the lungs, taking in the air, oxygenating it, supplying it to all parts of the body, and then expelling carbon dioxide. Currently, such devices are witnessing a rising demand from permanent as well as temporary healthcare facilities, with the COVID-19 pandemic claiming an increasing number of victims every day.

Respiratory care devices

Among the various places where respiratory care devices are used are homecare settings and hospitals, of which hospitals are presently on a procurement spree, considering that the number of people with the coronavirus infection is rising. As per an article by the Wall Street Journal, ventilator manufacturing is rapidly picking up in Latin America (LATAM), in the wake of the COVID-19 menace. Similarly, the Financial Express reports that though the Indian Railways has developed a low-cost ventilator, mass production is facing issues. This means that while the demand for such machines is high in India, the supply is low.

Around the world, the largest respiratory care device market is North America, as a result of its advanced healthcare infrastructure and increasing geriatric population. The elderly are more prone to diminished respiratory function, as age makes people weak, which is why they account for a higher hospitalization rate and requirement for respiratory care devices. Further, the prevalence of respiratory diseases is also rising in the continent; the U.S. currently accounts for the highest COVID case and death count.

Hence, with the growing prevalence of lung diseases, the demand for respiratory therapeutic and diagnostic devices will continue to surge.

Table Of Content

Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Research Scope

1.2.1 Market segmentation by type

1.2.2 Market segmentation by end user

1.2.3 Market segmentation by geography

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Trend in the Global Respiratory Care Device Market

3.2.1 Increasing product innovation

3.3 Opportunities in the Global Respiratory Care Device Market

3.3.1 Growing demand for home healthcare therapies

3.3.2 Increasing demand for point of care diagnosis

3.3.3 Growing healthcare market in developing countries

3.4 Factors Diving the Growth of the Market and its Impact on Market Forecast

3.4.1 High prevalence of respiratory disease

3.4.2 Growing geriatric population

3.4.3 High prevalence of smoking

3.4.4 Rapid urbanization and increasing pollution level

3.4.5 Increasing incidence of preterm births

3.4.6 Increasing healthcare expenditure

3.4.7 Changing lifestyle

3.4.8 Technological advancement in respiratory care devices

3.4.9 Impact analysis of drivers on market forecast

3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast

3.5.1 Reimbursement concerns

3.5.2 Availability of low cost products from local manufacturers

3.5.3 Strict regulatory requirements

3.5.4 Impact analysis of restraints on market forecast

Chapter 4. Global Respiratory Care Device Market Size and Forecast 

4.1 Global Respiratory Care Device Market, by Type

4.2 Global Respiratory Care Device Market, by End User

4.3 Global Respiratory Care Device Market, by Region

Chapter 5. Global Respiratory Care Device Market, by Type

5.1 Respiratory Therapeutic Device Market

5.1.1 Global respiratory therapeutic device market, by product type

5.1.2 Global respiratory therapeutic device market, by region

5.2 Respiratory Diagnostic & Monitoring Device Market

5.2.1 Global respiratory diagnostic & monitoring device market, by product type

5.2.2 Global respiratory diagnostic & monitoring device market, by region

5.3 Respiratory Accessories & Consumables Market

5.3.1 Global respiratory accessories & consumables market, by region

Chapter 6. Global Respiratory Therapeutic Device Market, by Product Type

6.1 Positive Airway Pressure (PAP) Device Market

6.1.1 Global PAP device market, by region

6.2 Ventilator Market

6.2.1 Global ventilator market, by region

6.3 Mask Market

6.3.1 Global mask market, by region

6.4 Nebulizer Market

6.4.1 Global nebulizer market, by region

6.5 Humidifier Market

6.5.1 Global humidifier market, by region

Chapter 7. Global Respiratory Diagnostic & Monitoring Device Market, by Product Type

7.1 Pulse Oximeter Market

7.1.1 Global pulse oximeter market, by region

7.2 Spirometer Market

7.2.1 Global spirometer market, by region

7.3 Capnograph Market

7.3.1 Global capnograph market, by region

7.4 Gas Analyzer Market

7.4.1 Global gas analyzer market, by region

Chapter 8. Global Respiratory Care Device Market, by End User

8.1 Respiratory Care Device Market in Hospital

8.1.1 Global respiratory care device market in hospital, by region

8.2 Respiratory Care Device Market in Home Care

8.2.1 Global respiratory care device market in home care, by region

Chapter 9. Global Respiratory Care Device Market, by Geography

9.1 North America Respiratory Care Device Market

9.1.1 North America respiratory care device market, by type

9.1.1.1 North America respiratory therapeutic device market, by product type

9.1.1.2 North America respiratory diagnostic & monitoring device market, by product type

9.1.2 North America respiratory care device market, by end user

9.1.3 North America respiratory care device market, by country

9.1.3.1 U.S. respiratory care device market

9.1.3.1.1 U.S. respiratory care device market, by type

9.1.3.1.1.1 U.S. respiratory therapeutic device market, by product type

9.1.3.1.1.2 U.S. respiratory diagnostic & monitoring device market, by product type

9.1.3.1.2 U.S. respiratory care device, by end user

9.1.3.2 Canada respiratory care device

9.1.3.2.1 Canada respiratory care device, by type

9.1.3.2.1.1 Canada respiratory therapeutic device market, by product type

9.1.3.2.1.2 Canada respiratory diagnostic & monitoring device market, by product type

9.1.3.2.2 Canada respiratory care device, by end user

9.2 Europe Respiratory Care Device

9.2.1 Europe respiratory care device, by type

9.2.1.1 Europe respiratory therapeutic device market, by product type

9.2.1.2 Europe respiratory diagnostic & monitoring device market, by product type

9.2.2 Europe respiratory care device, by end user

9.2.3 Europe respiratory care device, by country

9.2.3.1 Germany respiratory care device

9.2.3.1.1 Germany respiratory care device, by type

9.2.3.1.1.1 Germany respiratory therapeutic device market, by product type

9.2.3.1.1.2 Germany respiratory diagnostic & monitoring device market, by product type

9.2.3.1.2 Germany respiratory care device, by end user

9.2.3.2 U.K. respiratory care device

9.2.3.2.1 U.K. respiratory care device, by type

9.2.3.2.1.1 U.K. respiratory therapeutic device market, by product type

9.2.3.2.1.2 U.K. respiratory diagnostic & monitoring device market, by product type

9.2.3.2.2 U.K. respiratory care device, by end user

9.2.3.3 France respiratory care device

9.2.3.3.1 France respiratory care device, by type

9.2.3.3.1.1 France respiratory therapeutic device market, by product type

9.2.3.3.1.2 France respiratory diagnostic & monitoring device market, by product type

9.2.3.3.2 France respiratory care device, by end user

9.3 Asia-Pacific Respiratory Care Device

9.3.1 Asia-Pacific respiratory care device, by type

9.3.1.1 Asia-Pacific respiratory therapeutic device market, by product type

9.3.1.2 Asia-Pacific respiratory diagnostic & monitoring device market, by product type

9.3.2 Asia-Pacific respiratory care device, by end user

9.3.3 Asia-Pacific respiratory care device, by country

9.3.3.1 Japan respiratory care device

9.3.3.1.1 Japan respiratory care device, by type

9.3.3.1.1.1 Japan respiratory therapeutic device market, by product type

9.3.3.1.1.2 Japan respiratory diagnostic & monitoring device market, by product type

9.3.3.1.2 Japan respiratory care device, by end user

9.3.3.2 China respiratory care device

9.3.3.2.1 China respiratory care device, by type

9.3.3.2.1.1 China respiratory therapeutic device market, by product type

9.3.3.2.1.2 China respiratory diagnostic & monitoring device market, by product type

9.3.3.2.2 China respiratory care device, by end user

9.3.3.3 India respiratory care device

9.3.3.3.1 India respiratory care device, by type

9.3.3.3.1.1 India respiratory therapeutic device market, by product type

9.3.3.3.1.2 India respiratory diagnostic & monitoring device market, by product type

9.3.3.3.2 India respiratory care device, by end user

9.4 RoW Respiratory Care Device

9.4.1 RoW respiratory care device, by type

9.4.1.1 RoW respiratory therapeutic device market, by product type

9.4.1.2 RoW respiratory diagnostic & monitoring device market, by product type

9.4.2 RoW respiratory care device , by end user

Chapter 10. Competitive Analysis

10.1 PorterÔÇÖs Five Forces of Competitive Position Analysis

10.1.1 Bargaining power of buyers

10.1.2 Bargaining power of suppliers

10.1.3 Threat of new entrants

10.1.4 Intensity of rivalry

10.1.5 Threat of substitutes

10.2 Competitive Positioning of the Global Respiratory Therapeutic Device Market

10.2.1 Competitive Positioning of Global Respiratory Therapeutic Device Market, by Product Type

Chapter 11. Company Profiles and Strategic Developments

11.1 Key Company Profiles

11.1.1 ResMed, Inc.

11.1.1.1 Business overview

11.1.1.2 Product and service offerings

11.1.2 Masimo Corporation

11.1.2.1 Business overview

11.1.2.2 Product and service offerings

11.1.3 Dr├Ągerwerk AG & Co. KGaA

11.1.3.1 Business overview

11.1.3.2 Product and service offerings

11.1.4 Becton Dickinson and Company

11.1.4.1 Business overview

11.1.4.2 Product and service offerings

11.1.5 Medtronic PLC

11.1.5.1 Business overview

11.1.5.2 Product and service offerings

11.1.6 Koninklijke Philips N.V.

11.1.6.1 Business overview

11.1.6.2 Product and service offerings

11.1.7 Fisher and Paykel Healthcare Limited

11.1.7.1 Business overview

11.1.7.2 Product and service offerings

11.1.8 Hamilton Medical AG

11.1.8.1 Business overview

11.1.8.2 Product and service offerings

11.1.9 Invacare Corporation

11.1.9.1 Business overview

11.1.9.2 Product and service offerings

11.1.10 General Electric Company

11.1.10.1 Business overview

11.1.10.2 Product and service offerings

11.2 Strategic Developments in the Respiratory Care Device

11.2.1 Merger & acquisition

11.2.2 Collaboration/ partnership

11.2.3 Product launch

11.2.4 Client Win

11.2.5 Others

Chapter 12. Appendix

12.1 List of Abbreviations

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