May 5th, 2014 Respiratory Care Devices Market (Therapeutic, Monitoring, Diagnostic, Preterm Care) Worth $489 million by 2015 – Research Report by MarketsandMarkets
Respiratory Care Devices Market (Therapeutic, Monitoring, Diagnostic, Preterm Care) Worth $ 489 million by 2015 – Research Report by MarketsandMarkets
(PRWEB) April 18, 2014
The ‘Global Respiratory Care Devices Market (2010 – 2015)’ analyzes respiratory care devices market with respect to market drivers, opportunities, and trends in the diverse geographic regions including U.S., Europe, Asia and ROW.
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The global respiratory care devices market was expected to be worth $ 8.8 billion in 2010 and is estimated to reach $ 13.5 billion by 2015, growing at a CAGR of 8.8% from 2010-2015.
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The global respiratory care devices market has grown significantly over the past few years and is expected to grow at a steady pace in the coming five years. Rapidly aging population, rising incidence in Chronic Obtrusive Pulmonary Diseases (COPD), technical advances in the respiratory care devices market, and tight budgets of healthcare institutions are the major factors influencing the market.
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Positive airway pressure devices command the largest share in the respiratory care therapeutic devices segment. Technical advances such as portability, and increased battery life are primarily influencing the growth of this market.
The emergence of home healthcare has opened new avenues for the respiratory care devices market. Convenience and comfort in a home care environment coupled with cost advantages are the major factors driving the home healthcare market for respiratory care devices. The U.S. accounts for the largest share of the global respiratory care devices market. Demographic changes and rising incidence of COPD are among the major factors influencing the market. COPD is the fourth leading cause of death in the U.S.; about 12 million Americans suffer from COPD.
The therapeutics devices market dominates the global respiratory devices care market, followed by monitoring devices and disposables. Within the therapeutics device market, positive airway pressure devices accounts for the largest share and is expected to be $ 5.2 billion by the year 2015. The pulse oximeters market dominates the respiratory monitoring devices segment and is expected to reach a market size of $ 1.7 billion by the year 2015. Within the respiratory diagnostic devices segment, spirometers dominate the market with an estimated share of $ 489 million by 2015.
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