The global Therapeutic Respiratory Devices Market is estimated to develop at a CAGR of 9.10% for the duration of the prediction period. The therapeutic respiratory devices industry was appreciated by US$ 8.2 billion in the recent past years. Increasing elderly residents base, growing occurrence of breathing illnesses, and speedy technical progressions are the aspects motivating the development of the market. Furthermore, growing acceptance of therapeutic respiratory devices for example oxygen concentrators, nebulizers and humidifiers are estimated to trigger the development of the market.

The therapeutic respiratory devices market on the source of Type of Product could span Positive Airway Pressure Devices, Oxygen Concentrators. On the basis of type of products, the market is divided into Gas Analyzers, Ventilators, Oxygen Concentrators, Nebulizers, Capnographs, Humidifiers and Positive Airway Pressure Devices. The Positive Airway Pressure Devices were expected to take over the market by means of over 52% of the income stake in 2016. It is expected to record speedy development in the prediction period. This can be credited to growing occurrences of disruptive sleep apnea, they are accountable for the development of this subdivision. This is credited to reasons which are connected with the style of life for example smoking, ingestion of alcohol, fatness and circumstances for example craniofacial irregularities.

As stated by National Healthy Sleep Awareness Project, started in the year 2014, in any case 25 million persons in the U.S.A are testified to take disruptive sleep apnea. Growing usage of these apparatuses by way of the elderly patient base is too accountable for the development of therapeutic respiratory devices industry.

Nebulizers can be subdivided as Ultrasonic Nebulizer, Compressor-based Nebulizers, Piston based hand held Nebulizer. Humidifiers can be subdivided as Stand-alone humidifiers, Integrated humidifiers, Heated humidifiers, Built-In humidifiers, Passover humidifiers. Oxygen Concentrators can be subdivided as Portable oxygen concentrators, Fixed oxygen concentrators. Positive Airway Pressure Devices can be subdivided as Bi-level positive airway pressure devices, Continuous positive airway pressure devices, Auto-titrating positive airway pressure devices.

Ventilators can be subdivided as Neonatal ventilators, Adult ventilators. The Therapeutic Respiratory Devices market on the source of Type of Technology could span Microsphere separation, HEPA filter technology, Hollow fiber filtration and Electrostatic Filtration. The Therapeutic Respiratory Devices industry on the source of Type of Filters could span Nebulizer Filters: Cabinet filter, Inlet filter, Replacement filter, Humidifier Filters (Demineralization cartridges, Permanent cleanable filters, Mineral absorption pads, Wick filters).

Positive Airway Pressure Devices Filter could span Acrylic & Polypropylene fiber filters, Ultra fine foam inlet filters, Polyester non-woven fiber filters. Oxygen Concentrator Filters constitute Hollow-membrane filter, Felt intake filter, Inlet filter, Cabinet filter, Bacterial filter, Micro disk filter, Pre-Inlet filter, HEPA filter. Ventilator Filters can be subdivided as Mechanical Filters and Electrostatic Filters. Mechanical Filters is further subdivided as Activated carbon filters, HEPA Filters, ULPA Filters. Electrostatic Filters further subdivided as Fibrillated filters and Tribo charged filters.

The Therapeutic Respiratory Devices market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage of Therapeutic Respiratory Devices spans North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America [U.S.A, Canada], Latin America [Brazil, Mexico], Europe [France, Spain, Germany, U.K., Italy, and Switzerland], Asia Pacific [India, Japan, China], and Middle East & Africa [South Africa].

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By the source of geography, North America had controlled the market in 2016 due to the existence of outsized elderly inhabitants base and growing occurrence of long-lasting breathing illnesses. In addition, the most important segment of the market in North America is owing to obtainability of repayment in U.S. healthcare centers financial records, growing alertness about healthcare, development in healthcare substructure, bigger number of casualty surgical procedure, and financial development preferred by extending insurance attention.

The government fitness policies for example Medicaid and Medicare supported by CMS too motivate the development of therapeutic respiratory devices industry in this area. Asia Pacific is likely to display the speedy development for the duration of the prediction due to reasons for example increasing occurrence of asthma in grown person along with youngsters and technical progressions.

As stated by information released by the Global Initiative for Asthma [GINA], it is expected that, there will be an upsurge of an extra 100 million people by means of asthma by the completion of 2025. Furthermore, growing necessity for home based healthcare organizations is too have a great influence, which is driving this market in this area. Additionally, increasing per head income and the changes associated with the standard of living are too liable for the important development percentage in this area above the prediction period.

The statement revises Trades in terms of intake of Therapeutic Respiratory Devices in the market; particularly in North America, Europe, Asia Pacific, Latin America, Middle East & Africa and Rest of the World. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the Therapeutic Respiratory Devices on the international basis are Mind ray, Invacare, Smiths Medical, Philips Healthcare, GE Healthcare, Fisher and Paykel, Covidien PLC, Compumedics Ltd., Chart industries, and CareFusion Corporation.

Market Segment:

Therapeutic Respiratory Devices Product Type Outlook (Revenue, USD Million, 2014 - 2025)
• Nebulizers
• Compressor-based nebulizers
• Piston based hand held nebulizer
• Ultrasonic Nebulizer
• Humidifiers
• Heated humidifiers
• Passover humidifiers
• Integrated humidifiers
• Built-In humidifiers
• Stand-alone humidifiers
• Oxygen Concentrators
• Fixed oxygen concentrators
• Portable oxygen concentrators
• Positive Airway Pressure Devices
• Continuous positive airway pressure devices
• Auto-titrating positive airway pressure devices
• Bi-level positive airway pressure devices
• Ventilators
• Adult ventilators
• Neonatal ventilators
• Capnographs
• Gas Analyzers

Therapeutic Respiratory Devices Technology Outlook (Revenue, USD Million, 2014 - 2025)
• Electrostatic Filtration
• HEPA filter technology
• Hollow fiber filtration
• Microsphere separation

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Therapeutic Respiratory Devices Filters Outlook (Revenue, USD Million, 2014 - 2025)
• Nebulizer filters
• Inlet filter
• Replacement filter
• Cabinet filter
• Humidifier filters
• Wick filters
• Permanent cleanable filters
• Mineral absorption pads
• Demineralization cartridges
• Positive airway pressure devices filter
• Ultra fine foam inlet filters
• Polyester non-woven fiber filters
• Acrylic & Polypropylene fiber filters
• Oxygen concentrator filters
• HEPA filter
• Cabinet filter
• Pre-Inlet filter
• Inlet filter
• Micro disk filter
• Felt intake filter
• Bacterial filter
• Hollow-membrane filter
• Ventilator filters
• Mechanical filters
• HEPA Filters
• ULPA Filters
• Activated carbon filters
• Electrostatic filters
• Tribocharged filters
• Fibrillated filters

Therapeutic Respiratory Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Spain
• Germany
• France
• Italy
• Switzerland
• Asia Pacific
• India
• China
• Japan
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

Market Overview:

The Global Respiratory Therapeutic Devices Market is predicted to scale to new heights and expand at a CAGR of 10.8% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in an in-depth study.

The growth of the Global Respiratory Therapeutic Devices Market is primarily led by the recent surge in the incidence of chronic respiratory diseases such as asthma, COPD, and sleep disorder breathing. As per the estimates of the World Health Organization (WHO), approximately 235 Mn people suffered from asthma in 2017 across the globe. The growing burden of chronic respiratory diseases (CRDs) induces strong demand for respiratory therapeutic devices within the market. Moreover, with the increase in the global aging population, there is a greater need for respiratory therapeutic devices.

Respiratory therapeutic devices are used in the treatment, management, and control of cardiopulmonary diseases such as chronic obstructive pulmonary diseases (COPD), asthma, acute bronchitis, cystic fibrosis, and others. Increasing prevalence of asthma drives the market along with increasing per capita healthcare expenditure. According to the World Health Organization in 2017, approximately 235 million people have asthma. Moreover, it was estimated that in 2015, the diseases killed approximately 383 million patients around the globe. However, the market growth during the forecast period is likely to hamper due to low per capita income in the developing economies and lack of awareness.

Competitive Landscape

• ACare Technology
• Drägerwerk AG
• Rotech Healthcare Inc
• Chart Industries
• GE Healthcare
• Koninklijke Philips N.V
• Bayer AG
• Smiths Group Plc
• Fisher & Paykel Healthcare
• Hoffmann-La Roche Ltd

Segmentation

• The Global Respiratory Therapeutic Devices Market has been segmented based on product, technology, application, and end user.
• By product, the global respiratory therapeutic devices market has been segmented into nebulizers, capnography, humidifiers oxygen concentrators, and others. The nebulizers segment has been further segmented into soft mist inhaler, human-powered nebulizer, and others. The capnography segment has been further segmented into main-stream capnography, side-stream capnography, and others.
• By technology, the global respiratory therapeutic devices market has been segmented into electrostatic filtration, HEPA filtration, hollow fiber filtration, microsphere separation, and others.
• By application, the global respiratory therapeutic devices market has been segmented into asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and others.
• By end user, the respiratory therapeutic devices market has been segmented into hospitals & clinics, retail pharmacies, home care, and others.

Regional Analysis

By region, the Global Respiratory Therapeutic Devices Market has been segmented into the Americas, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas is the largest market for respiratory therapeutic devices. The growing burden of respiratory diseases in the region generates huge demand for respiratory therapeutic devices. The existence of key players in the region also acts in favor of the global respiratory devices market. Availability of funds for R&D and increasing geriatric population are other factors substantiating the growth of the market. The Americas respiratory therapeutic devices market is expected to capture a CAGR of 9% over the forecast period.

Europe is the second largest market for respiratory therapeutic devices spurred by government support for R&D, huge patient pool, and the presence of robust healthcare infrastructure.

APAC is poised to showcase the most rapid growth over the forecast period. The widespread prevalence of respiratory disorders in the region and expanding healthcare expenditure in the developing economies such as India and China can be credited for the growth of the APAC market. Largely undiagnosed respiratory diseases in the region create favorable growth opportunities for market growth.

The MEA market is expected to exhibit sluggish growth over the forecast period. Low healthcare penetration in the Africa regions limits market growth. Majority of the market share is held by the Middle East due to high healthcare expenditure in the region.