SAN FRANCISCO, May 13, 2020
SAN FRANCISCO, May 13, 2020 /PRNewswire/ -- The global Respiratory Disposable Devices Market was valued at a significant market share over the past few years and will further surge during the forecast period. Medical supplies, drugs, and necessary equipment play a significant role in providing quality patient care, without wasting valuable resources. Organizations have been conducting numerous research activities about essential drugs, but limited information is available with medical practitioners about essential supplies and equipment. Even though there is a wide array of products available and medical equipment to choose from, selecting the type of medical devices are given less attention that required. This often results in purchasing equipment that are incompatible or technically unstable.
There has been an enormous boom in the number of chronic obstructive pulmonary diseases (COPD) and obstructive sleep apnea (OSA). The market is predominantly driven by factors such as the unprecedented growth in the elderly population. Ageing has an associated and progressive decline in lung functioning as there are numerous changes in the immunological, anatomical, and physiological characteristics of a human being. The increasing demand for portable and point-of-care devices have demonstrated a significant increase in demand for market products.
The market has been segmented into face masks, tubes, filters, and others based on the product type. Market split on the basis of application are adult and paediatric & neonatal. Bifurcation based on sales channel includes direct channel and distribution channel. The market for respiratory products application for adults held the largest revenue share over the past several years. Active humidification and breathing circuits have been adopted for a wide number of patients and are being used for both non-invasive and invasive therapeutic needs. For instance, the Hudson Rci® Comfort Flo® Plus Heated High Flow Nasal Cannula Therapy (HFNCT) is a device that is capable of delivering humidified and heated gas. It is a streamlined solution for a variety of respiratory problems.
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The region-based categorization includes North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. North America has been dominating the overall healthcare industry over the past several years due to their robust medical infrastructure. The developing countries have mandated the assurance and availability of adequate healthcare facilities, in order to drive people's confidence in medical services and healthcare workers. Therefore, the markets in the countries of China, India, and Japan are booming. Governments of these countries are emphasizing on rendering cost-effective facilities to support procurement of essential drugs. Healthcare bodies like the World Health Organization have produced model lists of essential equipment and drugs.
The key industry players operating in the global respiratory disposable devices market comprises Philips Respironics, ResMed, Fisher & Paykel, Ambu, BD, Smiths Medical, Teleflex, Hamilton Medical, Armstrong Medical, Dynarex, Drive Medical, Viomedex, Flexicare Medical, and Besmed.
This report provides detailed historical analysis of global market for Respiratory Disposable Devices from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Respiratory Disposable Devices market.
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