(Health-NewsWire.Net, March 04, 2016 ) The advanced research and development facilities and new product developments by the companies are accelerating the demand for cost effective healthcare in the respiratory care devices industry.
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Respiratory diseases are one of the common causes of deaths worldwide. According to American Academy of Allergy Asthma and Immunology, it is expected that in the U.S. people suffering from asthma will reach approximately more than 100 million by 2025. In addition, according to National Heart, Lung and Blood Institute, in 2010, approximately 235,000 deaths are caused due to lung diseases excluding lung cancer. Increasing susceptibility of air borne diseases will further enhance the growth of respiratory care devices market. These devices help to remove mucous during respiratory therapy, improve pulmonary function and improve lung oxygenation.
On the basis of type of devices, the respiratory care devices market can be categorized as respiratory care therapeutic devices, respiratory care monitoring devices and disposables, respiratory care diagnostic devices and preterm respiratory care devices. Respiratory care therapeutic devices are further categorized as positive airway pressure devices, humidifiers, nebulizers, oxygen concentrators, ventilators, reusable resuscitation, respiratory inhalers, and others. Respiratory care monitoring devices and disposables include pulse oximeter, capnographs, gas analyzers, disposable oxygen mask, disposable resuscitators, oxygen cannulae, tracheostomy tubes and others. Whereas, the respiratory care diagnostic devices include spirometer, peak flow meters, polysomnography devices and others.
Geographically, North America will be leading the global respiratory care devices market in the coming years, due to increasing prevalence of chronic obstructive pulmonary diseases (COPD) and technological advancement in the respiratory care devices. Moreover, Asia-Pacific is the fastest growing region in the global respiratory care devices market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, improving healthcare infrastructure, increasing awareness of respiratory diseases, and large pool of patients in the region. Moreover, the respiratory care devices market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.
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Some of the companies operating in the respiratory care devices market are AirSep Corporation, Drager Medical Gmbh, Allied Healthcare Products, CareFusion Corporation, Compumedics Ltd., DeVilbliss Healthcare, Covidien, Inc., Philips Healthcare, Resme, Inc., Hamilton Medical AG, Invacare Corporation, and Maquet Gmbh.
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