Therapeutic Respiratory Devices Market size $23.65bn by 2024

1
Therapeutic Respiratory Devices Market size
23.65bn by 2024, with 11.7 CAGR estimation from
2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Therapeutic Respiratory
Devices Market

• Growing geriatric population, rising prevalence
  of chronic disorders, and increased demand in
  home healthcare institutions are the major
  factors slated to drive therapeutic respiratory
  devices market size.
• Technological advancements and presence of
  untapped opportunities in countries such as
  India, China, and Japan are expected to be key
  opportunity areas for industry participants over
  the forecast timeframe.  
• Global therapeutic respiratory devices market
  size is predominantly driven by the PAP devices.
•  Rising prevalence of sleep apnea coupled with
  growing geriatric population are the key
  contributing factors.
• Furthermore, rising preference of this equipment
  owing to easy portability and rapid relief are
  responsible for expected growth.

3
Continued...

• PAP devices was followed by the oxygen
  concentrators market owing to rising demand in
  home healthcare and growing demand for oxygen
  therapy among patients.
• Product innovation has led to application in the
  treatment of chronic as well as acute respiratory
  conditions, thereby propelling growth.
• Respiratory monitoring products utilize software
  applications for ensuring data collection and
  analysis from ventilators equipped across the
  healthcare system.
• However, the number of users tends to decline
  with the increase in use duration owing to the
  ambiguity regarding usage and side effects such
  as morning headaches.
• In case of oral appliances, a similar pattern has
  been observed. Use of this equipment causes
  excess saliva build up and muscle soreness
  thereby leading to reduce in patient compliances.

4
U.S. Therapeutic Devices Market Size, by Product,
2012 - 2024 (USD Million)

5

Browse Full Market Research Report On
Therapeutic Respiratory Devices Market _at_
https//www.gminsights.com/industry-analysis/thera
peutic-respiratory-devices-market Request
for a Sample of this Research Report _at_
https//www.gminsights.com/request-sample/detail/6
96
6
360 Analysis

• Product Analysis
• The positive airway pressure (PAP) devices
  captured majority of the therapeutic respiratory
  devices market share in 2015. This can be
  attributed to the growing prevalence of
  respiratory disorders, existing large patient
  pool of sleep apnea, and high usage rates of the
  devices due to higher compliance among the
  patients.
• Regional Analysis
• North America garnered the largest regional
  share, with revenue estimated at USD 3.2 billion
  in 2015. U.S. respiratory devices market share
  alone contributed to 62 of the regional revenue.
  This is mainly due to the high prevalence of
  respiratory disorders such as sleep apnea and
  COPD, along with favorable regulatory landscape.
• Competitive Market Share
• Global therapeutic respiratory devices industry
  is competitive in nature, due to the presence of
  well-established, reputed and giant players.
  Local and regional manufacturers also exist
  however existing players are implementing merger
  and acquisition strategy in order to maintain
  leadership position. The players compete on the
  basis of product portfolio extensiveness,
  regional presence and sustainability strategies.

7
Stay In Touch Website www.gminsights.com Soci
al Media