Respiratory therapy equipments are the branch of medical devices focused on the treatment, management, control, diagnostic evaluation, and care of patients with abnormality in cardiopulmonary system. The devices are used in chronic obstructive pulmonary diseases (COPD), a degenerative lung disease which primarily includes chronic bronchitis, and emphysema. The market is witnessing decent growth as COPD is one of the leading causes of death globally.
MARKET SCOPE
The "Global Respiratory Therapy Equipment Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the respiratory therapy equipment market with detailed market segmentation by type, technology, application, end use, and geography. The report provides key statistics on the market status of the leading respiratory therapy equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global respiratory therapy equipment market is segmented into nebulizers, capnography, humidifiers oxygen concentrators, others.
-Based on technology, the global respiratory therapy equipment market is segmented into electrostatic filtration, hepa filtration, hollow fiber filtration, microsphere separation, others
-Based on application, the global respiratory therapy equipment market is segmented into asthma, chronic obstructive pulmonary disease (copd), cystic fibrosis, others
-On the basis of end use, the market is segmented into hospitals & clinics, retail pharmacies, home care, others.
MARKET DYNAMICS
Drivers
- Rise in the incidences of asthma and chronic obstructive pulmonary diseases.
- Rise in the geriatric population.
- Growing acceptance for different therapeutic devices.
Restraints
- The lack of awareness is the major restraining factor for this market.
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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The respiratory therapy equipment 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 marketduring 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 therapy equipment market in these regions.
IMPACT OF COVID-19 ON RESPIRATORY THERAPY EQUIPMENT 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. 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 therapy equipment 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 therapy equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for respiratory therapy equipment in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the respiratory therapy equipment 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.
-BD.
-Smiths Group Plc.
-F. Hoffmann-La Roche Ltd
-Bayer AG
-Rotech Healthcare Inc.
-Chart Industries
-ACare Technology
-Convexity Scientific
-CAIRE
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.