The global therapeutic respiratory devices market is anticipated to reach USD 18.0 billion by 2025, according to a new report by Grand View Research, Inc. Growing geriatric population base, rising prevalence of respiratory diseases, and rapid technological advancements are the key factors that are driving the market growth.
The
therapeutic respiratory devices market growth is anticipated to increase due to
rapid technological advancements in the market.Now-a-days, the respiratory
monitoring devices utilize software applications for the collection and
analysis of data from ventilators equipped across the health system. The tools
in the software application allow improvised patient monitoring by the
measurement of parameters such as process and clinical variation in the
ventilator therapy.
Furthermore,
waveform capnography is a useful technical advancement in monitoring the carbon
dioxide levels. The launch of new products such as automated and stand-alone
pressure controller for mechanical ventilators boost the growth of therapeutic
respiratory devices market. These pressure controllers enable reduction in the
risk of tracheal injuries and Ventilator Associated Pneumonia (VAP). For
instance, in May 2015, Fischer and Paykel launched its new product AIRVO Nasal
High Flow System, which provides comfort and stability for patients. It has
soft contoured cheek pads and prongs, uninterrupted power supply transport, and
tube technology with two way spiral design. The company also offers humidifier
with integrated flow generator, which delivers high flows of air mixture to
spontaneously breathing patient. Such factors are bolstering the growth of the
market.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/therapeutic-respiratory-devices-market
Further Key
Findings From the Study Suggest:
- Positive
airway pressure devices accounted for the largest share in 2016 owing to
technological innovations resulting in increased portability and shelf
life.
- HEPA filter
technology accounted for the largest share in 2016, due to the prevalence
of respiratory diseases & their transmission coupled with
technological advancements in this segment.
- Humidifiers
is anticipated to be the fastest growing segment in the forecast period
owing to the rising demand for humidifiers in hospitals, schools, home,
& healthcare entities, and increased prevalence of airborne infections
such as tuberculosis.
- North America
therapeutic respiratory devices market is the largest market and is
expected to maintain its position over the forecast period owing to the
presence of large geriatric population base and rising prevalence of
chronic respiratory diseases.
- Major players
of the market include, Carefusion Corporation, GE Heathcare, AirSep
Corporation, Philips Healthcare, Smiths Medical and Covidien PLC.
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 info visit @ https://www.grandviewresearch.com
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