Growth Opportunities in the Global Respiratory Care Device Market

LONDON, April 12, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2022 by device type (therapeutic device, monitoring device, diagnostic device, consumable and accessories), end-user (hospital and home healthcare), product [Therapeutic devices (oxygen humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, reusable resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods), monitoring devices (pulse oximeters, capnographs, and gas analyzers)

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The future of the global respiratory care device market looks promising with opportunities in the hospital and home healthcare devices. The global respiratory care device market is expected to reach an estimated $15.8 billion by 2022 and is forecast to grow at a CAGR of 7.7% from 2017 to 2022. The major drivers for the growth of this market are increasing prevalence of respiratory diseases, increasing geriatric population, tobacco use, and rising pollution levels.

Emerging trends, which have a direct impact on the dynamics of the industry, include the high adoption for home healthcare products, and improvement in mask fits.

The study includes a forecast for the global respiratory care device market by device type, end use, product, and region, as follows:

Respiratory care device market by device type [Value ($ Million) from 2011 to 2022]:
- Therapeutic Devices
- Monitoring Devices
- Diagnostic Devices
- Consumable and Accessories

Respiratory Care Device Market by End User [Value ($ Million) from 2011 to 2022]:
- Hospital
- Home Healthcare

Respiratory Care Device Market by Product [Value ($ Million) from 2011 to 2022]:
- Therapeutic devices
- Oxygen Humidifiers
- Nebulizers
- Oxygen Concentrators
- Positive Airway Pressure (PAP) Devices
- Reusable Resuscitators
- Ventilators
- Inhalers
- Masks
- Nitric Oxide Delivery Units
- Oxygen Hoods
- Monitoring devices
- Pulse Oximeters
- Capnographs
- Gas Analyzers
- Diagnostic Devices
- Spirometers
- Peak Flow Meters
- Polysomnography and other Device
- Consumable and Accessories
- Disposable Masks
- Resuscitators
- Tracheostomy Tubes
- Nasal Cannulas
- Other Consumables and Accessories

Respiratory Care Device Market by Region [Value ($ Million) from 2011 to 2022]:
- North America
- Europe
- APAC
- ROW

Respiratory care device companies profiled in this market report include ResMed Inc., Meddtronic PLC, Koninklijke Philips N.V.,General Electronics, and Masimo Corporation are among the major suppliers of respiratory care devices.

On the basis of comprehensive research, Lucintel forecasts that the monitoring device segment is expected to show above average growth during the forecast period.

Within global respiratory care device market, therapeutic device is expected to remain the largest segment by device type. Rising prevalence of tobacco use, pollution levels, and the high prevalence of respiratory disease are the major driving forces that spur growth for this segment over the forecast period.

The North America is expected to remain the largest region due an aging population and increasing respiratory diseases, like sleep apnea, asthma, lung cancer, COPD (Chronic Obstructive Pulmonary Disorder).

Some of the features of "Growth Opportunities in the Global Respiratory Care Device Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global respiratory care device market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
- Segmentation analysis: Global respiratory care device market size by various applications such as device, end use, and product in terms of value and volume shipment
- Growth opportunities: Analysis on growth opportunities in different applications.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of respiratory care device in the global respiratory care device market suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report addresses the following key questions:
Q.1 What are some of the most promising, high-growth opportunities for global respiratory care device market by device type (therapeutic device, monitoring device, diagnostic device, consumable and accessories), end-user (hospital and home healthcare), product [Therapeutic devices (oxygen humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, reusable resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods), monitoring devices (pulse oximeters, capnographs, and gas analyzers), diagnostic devices (spirometers, peak flow meters, polysomnography, and other devices), and consumable and accessories (disposable masks, resuscitators, tracheostomy tubes, nasal cannulas, other consumables and accessories)], and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW)) ?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks respiratory care device market ?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in respiratory care device market ?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last 5 years?

Methodology
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the respiratory care device market. Some of the raw material suppliers in this market are BASF SE, Alloys International and others. The major manufacturers of respiratory care device are General Electric Company, ResMed Inc., Masimo Corporation and others.

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