NEW YORK, Feb. 13, 2017 /PRNewswire/ -- The respiratory care devices market is expected to grow at a lucrative CAGR of 9.7%from 2016 to 2021, to reach USD 24.07 billion by 2021 from USD 15.14 billion in 2016. Market growth can be attributed to a number of factors such as high prevalence of respiratory diseases,
Geographically, North America is the largest market for respiratory care devices, followed by Europe and Asia-Pacific. However, Asia-Pacific and Latin America possess lucrative growth potential for the respiratory care devices market during the forecast period. This is mainly attributed to the high growth in these regions is mainly attributed to the rising geriatric population, growing per capita income, increasing investments in the healthcare industry by key market players, rising demand for cutting-edge technologies, low labor costs, favorable regulatory environment and expansion of private-sector hospitals to rural areas in various APAC and Latin American countries are some factors that will fuel the growth of respiratory care devices market in these regions.The respiratory care devices market is fragmented in nature with the presence of many small and big firms. The major players in the respiratory care devices market include Philips Healthcare (The Netherlands), ResMed Inc. (U.S.), Medtronic plc (Ireland), Masimo Corporation (U.S.), Fisher and Paykel Healthcare Limited (New Zealand), Becton, Dickinson and Company (U.S.), Chart Industries, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).
Research Coverage:The respiratory care devices market in this report is segmented by type, disease/disorder, end user, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, challenges and trends). The study tracks and analyzes competitive developments such as include product launches; agreements and collaborations; expansions; and acquisitions, and strategically profiles the key players and comprehensively analyzes their market shares and core competencies in the respiratory care devices market Reasons to buy this report:From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the respiratory care devices market; high-growth regions; and market drivers, restraints, trends, challenges and opportunities.The report provides insights on the following pointers:- Market Penetration: Comprehensive information on portfolios offered by the top players in the global respiratory care devices market. The report analyzes the respiratory care devices market by type, disease/disorder, and end users across all the regions. - Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the respiratory care devices market- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for respiratory care devices across regions- Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global respiratory care devices market - Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global respiratory care devices marketRead the full report: http://www.reportlinker.com/p04694763-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com
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