Global Therapeutic Respiratory Devices Market revenue to exceed $23bn by 2024

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Therapeutic Respiratory Devices Market share to
grow at 11.7 CAGR from 2016 to 2024
Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Therapeutic Respiratory Devices
Market

• Global Therapeutic Respiratory Devices Market
  size contribution was about 8.9 billion for 2015
  with CAGR of about 11.71 during forecast
  timeframe.
• Growing proportion of respiratory ailments like
  sleep apnea, asthma, lung cancer, COPD (Chronic
  Obstructive Pulmonary Disorder) and increase in
  old age population all across the globe are key
  factors that are projected to fuel industry
  growth.
• The demographic change is predicted to affect
  global therapeutic respiratory devices industry
  substantially. Expected increase in aging
  population and rise in occurrence of COPD ailment
  are few factors predicted to promote industry
  growth.
• Respiratory therapy equipment segment is
  observing fast technological changes along with
  enhanced equipment application. Launch of
  software application for data collection and
  analysis from ventilators across healthcare
  systems has significantly improved patient
  monitoring.

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Spain therapeutic respiratory devices market
size, by product 20122024 (USD Million)

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Continued

• Furthermore, modernizations in capnography and
  cardiac techniques offer constant real time
  data about patient respiratory proportion. All
  these factors are anticipated to add to global
  therapeutic respiratory devices market growth.
• Global therapeutic respiratory devices industry
  is segmented into products like gas analyzers,
  nebulizers ventilators, humidifiers,
  capnographs, oxygen concentrators and positive
  air way pressure equipment. Positive air way
  pressure (PAP) equipment segment contributed
  largely to the global therapeutic respiratory
  devices market share for 2015.
• Nebulizers and ventilators segments followed PAP
  equipment segment in revenue terms. Nebulizers
  segment was evaluated at 1.3 billion for 2015
  and is predicted to register CAGR of 9.5 during
  forecast timeframe.
• Oxygen concentrators segment is predicted to
  record highest CAGR of 12.39 during forecast
  timeframe. Growing consciousness about treating
  respiratory ailments and enhanced healthcare
  access in emerging economies are predicted to
  drive segment expansion.

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Continued

• Global therapeutic respiratory devices market is
  segmented into geographical locations like
  Europe, Latin America, APAC, North America and
  MEA. North America respiratory devices market
  share was estimated at 3.3 billion for 2015
  which was largest in terms of revenue. U.S.
  respiratory devices industry alone contributed
  about 62.1 of regional revenue share in 2015.
  This is owing to high occurrence of respiratory
  ailments like COPD and sleep apnea coupled with
  favorable government regulations.
• APAC therapeutic respiratory devices market is
  predicted to experience largest CAGR of about
  12.89 during forecast timeline. Increasing old
  age population in Asian nations is predicted to
  provide tremendous growth potential in future.
• Key industry participants profiled in the report
  are Invacare Corporation, Airsep Corporation,
  CareFusion Corporation, Philips Healthcare,
  Covidien Plc, Fisher Paykel, Smiths Medical,
  Mindray, GE Healthcare and Compumedics Limited.

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