Respiratory Devices Market: North America to Remain the Undisputed Leader in Terms of Market Share over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027

  • Published: 2017-05-08
  • Report Code: REP-GB-794

An Incisive, In-depth Analysis on the Respiratory Devices Market

This study offers a comprehensive, 360 degree analysis on the Respiratory Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Respiratory Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Premium pricing to hamper the adoption of respiratory devices market

The premium pricing of inhalers and other respiratory devices is increasing the overall cost of treatment. This factor has a strong impact on the middle- and low-income sections of society. The usage of metered-dose inhalers requires a certain amount of coordination between releasing the drug and the inhalation process. This is relatively difficult when used by children and geriatric population, hence, another forms of respiratory devices i.e., nebulisers, are ideal in these cases. However, the cost of these respiratory devices increases due to the requirement of other products such as masks, filters, tubes, etc. As a result of these high costs, several people opt for alternative therapies such as oral medication or injectable. Similarly, portable oxygen concentrators are also sold at premium prices and, at times, these devices are not affordable for a large pool of population. A primary portable oxygen concentrator ranges between US$ 2,665 and US$ 3,243.

The worldwide prevalence of COPD and obstructive sleep apnea

Patients suffering from chronic respiratory disorders constantly require drugs and other necessary services. According to the WHO, around 65 Mn people have moderate to severe COPD. The prevalence of COPD is also on the rise with three million deaths in 2015, which corresponds to 5% of all global deaths during 2015. People in high-income countries are more susceptible to COPD due to high levels of pollution and rapidly changing lifestyle. Similarly, the increasing prevalence of sleep disorders in the U.S. and European countries is creating lucrative growth opportunities for the manufacturers of sleep testing respiratory devices. According to the National Healthy Sleep Awareness Project, around 25 million adults in the U.S. were suffering from sleep apnea. This shows the level of opportunity available in respiratory devices for the providers of sleep services in the U.S. Moreover, the growing prevalence of sleep disorders in Asian countries such as China and Singapore is expected to boost the adoption of sleep services in the Asia Pacific region.

Limited awareness about the usage of respiratory devices

Healthcare providers are conducting awareness campaigns such as medication maintenance programs, environmental programs, and online education programs for the use of respiratory devices among patients and healthcare professionals globally. Such initiatives are offering competitive advantage for the companies providing COPD related products in the market. These programs encourage patients and healthcare professional to adopt effective medications for COPD conditions. Healthcare providers are collaborating with manufacturers of COPD drugs and devices to improve product reach across globe. Companies like AstraZeneca and other industry competitors are partnering with healthcare authorities to prevent and controls the increased prevalence of COPD and Other respiratory disorders in China. Such collaborative efforts from manufacturers are likely to increase the revenue growth for respiratory devices market

respiratory devices market

Growing demand for point-of-care respiratory devices

Technology plays an important role in raising the bar for home sleep testing respiratory devices, inhalers and nebulizers by raising the standards of quality and increasing the ease of usage of these respiratory devices. This will ultimately increase patient compliance and drive the market over the forecast period. In terms of sleep testing devices, companies are focusing on providing novel and advanced lab testing and portable wearable medical devices to gain a competitive advantage in the market. Hence, patients are increasingly adopting sleep testing services, which is expected to boost the market. Wearable medical devices are expected to play a major role in the diagnosis/monitoring of sleep disorders, diabetes, heart disorders, etc. on an individual level.

Competitive landscape of the global respiratory devices market

The competition section of the respiratory devices market features the profiles of key players operating in the industry based on their market shares in respiratory devices, differential strategies, and respiratory devices marketing approach, respiratory devices product offerings and company dashboard. Some of the key players featured in respiratory devices report include Massimo Corporation, Teleflex Incorporated, ResMed. Inc., Koninklijke Philips N.V., Hamilton Medical AG, Medtronic PLC, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co. KGaA, General Electric Healthcare Limited, Smiths Medical and Inogen Inc.

These companies are focusing on outsourcing the manufacturing of different respiratory devices, such as oxygen concentrators, mechanical ventilators and PAP devices, to reduce costs and become competitive in the respiratory devices market with reduced prices. The manufacturers of drugs used for the treatment of respiratory diseases are entering into mergers and acquisitions with medical device manufacturers to expand their product portfolios and market presence in respiratory devices across the globe.

Definition

Respiratory devices are medical devices that are used to assist a patient suffering from breathing problems, which hampers the intake of adequate oxygen to maintain a proper respiration process. Certain respiratory disorders, such as fibrosis, asthma, COPD and ARDS, affect the respiratory system and, in turn, drive the demand for respiratory devices for their treatment.

About the Report

FMI conducted a research study on the respiratory devices market for the forecast period 2017 to 2027. The respiratory devices market report offers a comprehensive evaluation of the business opportunities prevailing in the respiratory devices market along with insights on respiratory devices, usage pattern, consumption trend, disease incidence & awareness about respiratory devices and market competition. The report elaborates on the macro-economic factors influencing the dynamics of the respiratory devices market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of the respiratory devices market based on product type, end users and region. Based on product type, the Respiratory devices market is segmented into nebulizers, respiratory consumables, Positive Airway Pressure (PAP) devices, oxygen concentrators & polysomnography devices, pulse oximeters, mechanical ventilators and spirometers. These respiratory devices are used for the treatment of various respiratory disorders, which include COPD, asthma and other disorders. End-user segments in the respiratory devices market are categorised into hospitals, ambulatory surgical centres, clinics, long-term care centres & others. On the basis of region, the respiratory devices market has been segmented into North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report about the respiratory devices market are:

  • How are interventions from regulatory authorities and reimbursement providers shaping the growth of the respiratory devices market?

  • What is the revenue potential of point-of-care respiratory devices in the North America and Europe regions?

  • Who are the key competitors in Respiratory devices market and what are their portfolios in the respiratory devices market?

  • What are the major challenges influencing the growth of the respiratory devices market?

Research Methodology

The respiratory devices market has been estimated based on the supply-demand approach. The Respiratory devices market value was first calculated based on an installed-base modelling that was conducted for the top 20 countries globally. The installed-base modelling approach involves various factors such as product life cycle, replacement rate, potential replacement, new sales and price of products. Other qualitative factors analysed during Respiratory devices market estimation include the level of awareness about respiratory devices, the incidence & prevalence of respiratory diseases and the rate of adoption rate & awareness levels of end-users. This information is further validated with rigorous primary research, which includes interviews, surveys, in-person interactions and the viewpoints of seasoned analysts and secondary research, which includes verified paid sources, authentic trade journals and resourceful databases. The research study about the respiratory devices market also includes top trends and macro- as well as micro-economic factors that are shaping the respiratory devices market. With this approach, the report on the respiratory devices market estimates the industry attractiveness of every major segment of the respiratory devices market over the forecast period.

A recent market study published by FMI– “Respiratory Devices Market: Global Industry Analysis & Opportunity Assessment 2017-2027” consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as the current growth parameters of the respiratory devices market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that are likely to significantly impact the development of the respiratory devices market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the respiratory devices market in the upcoming years. The report provides detailed information about the current and future growth prospects of the respiratory devices market in the most comprehensive manner for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with an executive summary of the respiratory devices market report, which includes a summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the respiratory devices market.

Chapter 2 – Market Introduction

Readers can find detailed taxonomy and the definition of the respiratory devices market in this chapter, which helps them understand the basic information about the respiratory devices market.

Chapters 3 & 4 – Market View Point & Dynamics

This chapter provides readers information about the most important dynamics of the global respiratory devices market. This section also details the value chain analysis and absolute $ opportunity, market dynamics, regulations and forecasting factors related to the respiratory devices market.

Chapter 5 – Global Respiratory Devices Market Analysis & Opportunity Assessment 2017-2027, By Product Type

Based on the product type, the respiratory devices market is segmented into respiratory consumables, nebulizers, oxygen concentrators, positive airway pressure devices, polysomnography devices, pulse oximeters, mechanical ventilators and spirometers. In this chapter, readers can find information about the key trends and developments in the respiratory devices market and market attractive analysis based on the types of respiratory devices. In this chapter, readers can find information about the key trends and developments in the respiratory devices market and market attractive analysis based on the product type for each region.

Chapter 6 – Global Respiratory Devices Market Analysis & Opportunity Assessment 2017-2027, By End User

Based on the end user, the respiratory devices market is segmented into hospitals, ambulatory surgical centres, clinics, long-term care centres and other end users. In this chapter, readers can find information about the key trends and developments in the respiratory devices market and market attractive analysis based on end user. In this chapter, readers can find information about the key trends and developments in the respiratory devices market and market attractive analysis based on the end user for each region.

Chapter 7 – Global Respiratory Devices Market Analysis & Opportunity Assessment 2017-2027, By Region

This chapter explains how the respiratory devices market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

Chapter 8 – North America Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

This chapter includes a detailed analysis of the growth of the North America respiratory devices market along with a country-wise assessment that includes the U.S. and Canada. Readers can also find information about the regional trends of the respiratory devices market, regulations and market growth based on product type, end user and country in the North America region.

Chapter 9 – Latin America Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

Readers can find detailed information about factors and the regional trends that are impacting the growth of the Latin America respiratory devices market. This chapter also includes the growth prospects of the respiratory devices market in leading LATAM countries such as Brazil, Mexico and the rest of the Latin America region.

Chapter 10 – Western Europe Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

Important growth prospects of the respiratory devices market based on product type, form and application in several European countries, such as Germany, France, Italy, Spain, the UK and Western Europe, are included in this chapter.

Chapter 11 – Eastern Europe Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

Important growth prospects of the respiratory devices market based on product type, form, and application in several European countries, such as Russia, Poland and Eastern Europe, are included in this chapter.

Chapter 12 – APEJ Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

China, India, ASEAN and Australia & New Zealand are the leading countries/regions in the APEJ region that are the prime subjects of assessment to obtain growth prospects of the APEJ respiratory devices market in this chapter. Readers can find thorough information about the growth parameters of the APEJ respiratory devices market during the period 2017-2027.

Chapter 13 – Japan Respiratory Devices Market Analysis & Opportunity Assessment, 2017-2027

Readers can find important factors that can significantly impact the growth of the respiratory devices market in Japan based on the market segmentation during the forecast period. This chapter provides an overview of regulations, drivers, restraints and trends in the Japan respiratory devices market.

Chapter 14 – MEA Respiratory Devices Market Analysis 2012-2016 & Opportunity Assessment, 2017-2027

This chapter provides information about how the respiratory devices market will grow in major countries in the MEA region, such as GCC Countries, South Africa and the rest of MEA, during the period 2017-2027.

Chapter 15 – Competition Landscape, Company Share and Company Profiles

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the respiratory devices market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview and recent company developments.

Chapter 16 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 17 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions and important qualitative & quantitative information about the respiratory devices market. Some of the key players included in this report are Massimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed. Inc., Hamilton Medical AG, Medtronic PLC, Koninklijke Philips N.V., Smiths Medical, General Electric Healthcare Limited, Drägerwerk AG & Co. KGaA and Inogen Inc.

Respiratory Devices Market Reports - Table of Contents

Respiratory Devices Market Reports - List of Tables

  1. Global Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  2. Global Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  3. Global Respiratory Devices Market Value (US$ Mn) Forecast By End User, 2017–2027

  4. Global Respiratory Devices Market Value (US$ Mn) Forecast By Region, 2017–2027

  5. North America Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  6. North America Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  7. North America Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  8. North America Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  9. Latin America Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  10. Latin America Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  11. Latin America Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  12. Latin America Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  13. Western Europe Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  14. Western Europe Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  15. Western Europe Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  16. Western Europe Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  17. Eastern Europe Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  18. Eastern Europe Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  19. Eastern Europe Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  20. Eastern Europe Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  21. APEJ Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  22. APEJ Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  23. APEJ Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  24. APEJ Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  25. Japan Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  26. Japan Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  27. Japan Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

  28. MEA Respiratory Devices Market Value (US$ Mn) Forecast By Country, 2017–2027

  29. MEA Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  30. MEA Respiratory Devices Market Value (US$ Mn) Forecast By Product Type, 2017–2027

  31. MEA Respiratory Devices Market Value (US$ Mn) Forecast By End User Type, 2017–2027

Respiratory Devices Market Reports - List of Figures

  1. Global Respiratory Devices Market Value (US$ Mn) Forecast, 2017–2027

  2. Global Respiratory Devices Market Absolute $ Opportunity, 2017–2027

  3. Global Respiratory Devices Market Y-o-Y Growth, 2017–2027

  4. Global Respiratory Devices Market Share Analysis (%) By Product, 2017 & 2027

  5. Global Respiratory Devices Market Y-o-Y Growth (%) By Product, 2017–2027

  6. Global Respiratory Devices Market Attractiveness Analysis By Product, 2017–2027

  7. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Respiratory Consumables Product Type Segment, 2017–2027

  8. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Nebulizers Product Type Segment, 2017–2027

  9. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Oxygen Concentrators Product Type Segment, 2017–2027

  10. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Drug Positive Airway Pressure (PAP) Devices Product Type Segment, 2017–2027

  11. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Mechanical Ventilators Product Type Segment, 2017–2027

  12. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Pulse Oximeters Product Type Segment, 2017–2027

  13. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Polysomnography Devices Product Type Segment, 2017–2027

  14. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) Spirometers Product Type Segment, 2017–2027

  15. Global Respiratory Devices Market Share Analysis (%) By End User, 2017 & 2027

  16. Global Respiratory Devices Market Y-o-Y Growth (%) By End User, 2017–2027

  17. Global Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  18. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Hospitals, 2017–2027

  19. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Ambulatory Surgical Centers Segment, 2017–2027

  20. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Sleep Clinics, 2017–2027

  21. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Online Sales Segment, 2017–2027

  22. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Sleep Clinics, 2017–2027

  23. Global Respiratory Devices Share Analysis (%) By Region, 2017 & 2027

  24. Global Respiratory Devices Attractiveness Analysis By Region, 2017–2027

  25. Global Respiratory Devices Y-o-Y growth (%) By Region, 2017–2027

  26. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By North America, 2017–2027

  27. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Latin America, 2017–2027

  28. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Western Europe, 2017–2027

  29. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Eastern Europe, 2017–2027

  30. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By APEJ, 2017–2027

  31. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By Japan, 2017–2027

  32. Global Respiratory Devices Market Absolute $ Opportunity (US$ Mn) By MEA, 2017–2027

  33. North America Respiratory Devices Share Analysis (%) By Country, 2017 & 2027

  34. North America Respiratory Devices Attractiveness Analysis By Country, 2017–2027

  35. North America Respiratory Devices Y-o-Y Growth (%) By Country, 2017–2027

  36. North Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  37. North America Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  38. Latin America Respiratory Devices Share Analysis (%) By Country, 2016 & 2027

  39. Latin America Respiratory Devices Attractiveness Analysis By Country, 2017–2027

  40. Latin America Respiratory Devices Y-o-Y growth (%) By Country, 2017–2027

  41. Latin America Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  42. Latin America Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  43. Western Europe Respiratory Devices Market Share Analysis (%) By Country, 2016 & 2027

  44. Western Europe Respiratory Devices Market Attractiveness Analysis By Country, 2017–2027

  45. Western Europe Respiratory Devices Market Y-o-Y growth (%) By Country, 2017–2027

  46. Western Europe Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  47. Western Europe Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  48. Eastern Europe Respiratory Devices Market Share Analysis (%) By Country, 2016 & 2027

  49. Eastern Europe Respiratory Devices Market Y-o-Y growth (%) By Country, 2017–2027

  50. Eastern Europe Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  51. Eastern Europe Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  52. APEJ Respiratory Devices Share Analysis (%) By Country, 2016 & 2027

  53. APEJ Respiratory Devices Attractiveness Analysis By Country, 2017–2027

  54. APEJ Respiratory Devices Y-o-Y growth (%) By Country, 2017–2027

  55. APEJ Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  56. APEJ Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  57. Japan Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  58. Japan Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

  59. MEA Respiratory Devices Share Analysis (%) By Country, 2016 & 2027

  60. MEA Respiratory Devices Attractiveness Analysis By Country, 2017–2027

  61. MEA Respiratory Devices Y-o-Y growth (%) By Country, 2017–2027

  62. MEA Respiratory Devices Market Attractiveness Analysis By Product Type, 2017–2027

  63. MEA Respiratory Devices Market Attractiveness Analysis By End User, 2017–2027

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