The market research on the Respiratory Care Devices Market will encompass the entire ecosystem of the industry, covering major regions namely North America, Europe, Asia Pacific, South America, Middle East & Africa, and the major countries falling under those regions. The research will feature Respiratory Care Devices in terms of sales revenue and consumption from 2022 to 2028, at the global level and across the major regions mentioned above. The research has been created using a unique research methodology specifically designed for this market.

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Top Companies Analysis -

  • Koninklijke Philips N.V.
  • ResMed Inc.
  • Medtronic
  • Masimo
  • THERMO FISHER SCIENTIFIC INC.
  • Dragerwerk AG & Co. KGaA
  • Invacare Corporation
  • Getinge AB.
  • Nihon Kohden Corporation
  • Air Liquide
  • Teleflex Incorporated

 

COVID-19 is a lethal infectious respiratory disease. The rapid growth of the COVID-19 crisis led to the rising demand for respiratory medical devices. Owing to the capacity limitation, it became crucial to avoid any further risks of potential shortages or delays in the availability of such devices, authorities related to the implementation of the Medical Devices Regulation (MDR). In April 2020, the European Commission adopted revised harmonized standards to expedite the production of medical devices such as ventilators and oxygen concentrators.

Also, in March 2020, a group of British manufacturers across different industries, such as aerospace, automotive, and medical sectors, formed the Ventilator Challenge UK Consortium. The challenge was to produce 10,000 medical ventilators for National Health Service (NHS) under the twin codenames Project Oyster and Project Penguin. Ventilator Challenge UK was a consortium of 14 firms, such as Ford, Haas, McLaren, Mercedes-AMG, Red Bull, Racing Point, Renault, and Williams F1 teams. Non-automotive firms included Airbus, BAE, Dell, GKN, Microsoft, Siemens, and Rolls-Royce. Before the VentilatorChallengeUK, the Britain government had 8,175 ventilators but had turned to British industry to help produce 30,000 ventilators in a matter of weeks to combat an expected surge in new cases.

Segments-

Based on indication, the respiratory care devices market is segmented into several subsegments, such as chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and others. The COPD segment held the largest share of the market in 2021. Moreover, the asthma segment is anticipated to register the highest CAGR of 9.1% in the respiratory care devices market during the forecast period. Chronic obstructive pulmonary disease (COPD) is considered a common, preventable, treatable disease with constant respiratory symptoms such as breathing issues and airflow limitation. Additionally, it is anticipated that chronic inflammation in the airways, which leads to alveolar abnormalities, is majorly caused by long-term exposure to toxic particles or gases, for instance, cigarette smoke and environmental pollution. Moreover, manufacturers of respiratory care devices are integrating enhanced patient monitors, innovative parameters, workflows, wireless devices, and integrated information technology solutions.

The indication can be treated by drug powder inhalers (DPIs), metered-dose inhalers (MDIs), soft mist inhalers (SMIs), compressor nebulizers, and ultrasonic nebulizers, and mesh nebulizers. Key players involved in the commercialization of COPD treatment devices include GlaxoSmithKline plc., Smiths Medical, Novartis AG, 3M, Koninklijke Philips N.V., and AstraZeneca. Thus, the increasing prevalence of COPD is expected to fuel the demand for respiratory care devices, boosting the growth of the respiratory care devices segment.

Respiratory Care Devices Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America.

What insights will you get in this report?

  • In-depth analysis of the Respiratory Care Devices Market
  • Detailed market segmentation.
  • Competitive-landscape analysis.
  • Historical, present, and future market size analysis.
  • Industry trends, technologies, and advancements.
  • Growth and operation strategies adopted by key players.
  • Potential segments/regions offering promising growth.
  • Geographical presence of the key players.

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