Respiratory Medical Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Respiratory medical devices are used to diagnose, monitor, and treat respiratory disorders such COPD, asthma, tuberculosis, and pneumonia. Patients suffering from acute and chronic respiratory disorders can benefit from these devices. The growing prevalence of respiratory disorders, increasing geriatric population and increasing number of surgeries performed globally are all expect to propel market growth forward during the forecast period.

MARKET SCOPE

The "Global Respiratory Medical Device Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the respiratory medical device market with detailed market segmentation by type, disorder and end user. The report provides key statistics on the market status of the leading respiratory medical device market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, therapeutic devices, monitoring devices, diagnostic devices and consumables and accessories.
  
•   Based on disorder the market is segmented as, COPD, sleep apnea, asthma, infectious diseases and others.
  
•   Based on end user the market is segmenetd as, hospitals, home care and ambulatory care.
  

MARKET DYNAMICS

Drivers:

•   Increasing prevelence of respiratory disoders is the crucial driving factor for the market growth.
  
•   Increasing geriatric population across the globe and growth in number of surgeries performed.
  
•   Changes in lifestyles and presence of risk factor for respiratory disorders.
  
•   Technological advancements in respiratory medical devices.
  

Restraints:

•   Whereas, availability of cheap products from other manufacturers and unfavourable reimbursement scenario are likley to impede market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The respiratory medical device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the respiratory medical device market in these regions.

IMPACT OF COVID-19 ON RESPIRATORY MEDICAL DEVICE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the respiratory medical device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from respiratory medical device market are anticipated to lucrative growth opportunities in the future with the rising demand for respiratory medical device in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the respiratory medical device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Masimo
  
•   Teleflex Incorporated
  
•   Fisher and Paykel Healthcare Limited
  
•   ResMed
  
•   Hamilton Medical
  
•   Medtronic
  
•   Koninklijke Philips N.V.
  
•   Smith's Medical
  
•   General Electric Company
  
•   Drägerwerk AG and Co. KGaA
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Respiratory Medical Device Report Scope