Therapeutic Respiratory Devices Market Outlook By 2025

San Francisco, 09 Nov 2018 – According to a report by Grand View Research, Inc., global therapeutic respiratory devices market is anticipated to value USD 18.0 billion by 2025. Growing requirement for technologically advanced medical devices to treat acute respiratory disorders is anticipated to propel demand for therapeutic respiratory devices. These devices are likely to utilize software applications to collect and analyze data from ventilator equipped across health system. In addition, tools in software application can allow improvised patient monitoring by measuring parameters such as clinical variation and process in ventilator therapy.

global-therapeutic-respiratory-devices-market

Growing cases of respiratory diseases attributed to rising number of geriatric population can influence growth of market. Continual technological advancements to in therapeutic respiratory devices to deliver better results can fuel market growth. Growing need for emergency treatment for prolonged illness and protracted treatment related to lung disorders in infants can augment growth of market. Rising adoption of therapeutic devices such as nebulizers, humidifiers, and oxygen concentrators can fuel growth of market during the forecast period (2014 to 2025).

Browse In-depth Insights On Therapeutic Respiratory Devices Market: www.grandviewresearch.com/industry-analysis/therapeutic-respiratory-devices-market

The therapeutic respiratory devices market can be segregated on the basis of product, technology, filters, and region. Based on product, the market can be categorized into nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices, capnographs, gas analyzers, and ventilators. In 2016, positive airway pressure devices are expected to dominate the market and accounted for 52% revenue share. It is likely to grow at similar pace during the forecast period. Increasing incidences of obstructive sleep apnea are likely to fuel growth of this segment.

Based on technology, the market can be classified into HEPA filter technology, electrostatic filtration, hollow fiber filtration, and microsphere separation. In 2014, high efficiency particulate air (HEPA) filter technology dominated the market and accounted for 37% of revenue share. These filters are likely to remove particle and retention in various therapeutic respiratory devices. Rising prevalence of respiratory diseases and their transmission are likely to surge demand for HEPA filter technology. According to department of energy (DOE) in United States (U.S.), these filters can remove 99.97% of particles greater than 0.3 microns. Continual technological advancements in the segment to deliver effective results can fuel market growth.

Based on filters, the market can be segmented into nebulizer filters, humidifier filters, positive airway pressure devices filters, ventilator filters, and oxygen concentrator filters. Humidifier filters segment is anticipated to witness significant growth with CAGR of 13% during the forecast period. Growing need for humidifiers in schools, home, hospitals, and healthcare entities are likely to boost growth of market. Humidifiers can prevent growth of mildew, mold, fungi, and bacteria in the circulating air. Moreover, rising prevalence of airborne infections such as tuberculosis can surge demand for humidifiers.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA). In 2016, North America dominated the market and accounted for largest market share. High prevalence of geriatric population base and rising cases of chronic respiratory diseases can fuel market growth. In addition, availability of reimbursement scenario in Untied States (U.S.) healthcare centers coupled with growing healthcare awareness can influence growth of market. According to Centers for Disease Control and Prevention (CDC), there were around 12.7 million adults in the United States (U.S.) suffering from chronic obstructive pulmonary disease (COPD).  Moreover, according to world health organization (WHO) estimates, fatal respiratory diseases such as COPD, tuberculosis, lung cancer are likely to account for one in five deaths globally by 2030. Continual improvement in healthcare infrastructure attributed to rising number of outpatient surgeries can surge demand for therapeutic respiratory devices in the region.

Similarly in Asia Pacific, the market is expected to grow fast during the forecast period. High prevalence of asthma in adults and children is likely to fuel growth of market. In addition, high demand for home healthcare institutions coupled with continual technological developments can influence market growth over next few years. Moreover, increasing disposable incomes and changing lifestyle are likely to boost growth of market in the region.

Some of the leading companies offering therapeutic respiratory devices are Humidifier filters, Nebulizer filters,   Oxygen concentrator filters, Ventilator filters, and Positive airway pressure devices filter. Most companies are likely to adopt business strategies such as mergers and acquisitions to expand their market share.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global therapeutic respiratory devices market on the basis of product, technology, filters, and region:

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

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
    • US.
    • Canada
  • Europe
    • Spain
    • Germany
    • France
    • Italy
    • Switzerland
  • Asia Pacific
    • India
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-therapeutic-respiratory-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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