Increasing prevalence of respiratory disease and rising geriatric population is expected to drive the demand for United States respiratory care device market for the forecast period.
According to TechSci Research report, “United States Respiratory Care Device Market By Product Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories) By Indication (Chronic Obstructive Pulmonary Disease, Sleep Apnea, Asthma, Infectious Diseases, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026”, United States respiratory care device market is expected to witness significant growth for the next five years. Rapid growth of the old age population and rising prevalence of chronic diseases such as chronic obstructive pulmonary disease and asthma is augmenting the growth of the respiratory care devices market. Cost-effectiveness of home care devices compared to visiting hospital facilities is driving the market growth. Increasing demand for respiratory care devices such as nebulizers, ventilators and CPAP devices which are used for monitoring, diagnostics, and treatment of patients in home care settings is boosting the demand for such devices.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the respiratory care devices market. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. The demand for critical care devices increased during this period. Collaborations between the healthcare and non-healthcare industries to increase the production of respiratory care devices is expected to foster the growth of the respiratory care devices market.
However, lack of awareness regarding respiratory system related disease may create hindrance in the growth of the respiratory care devices market.
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United States respiratory care device market is segmented into product type, indication, end user, regional distribution, and company. Based on product type, market is further divided into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories. The therapeutic devices segment is expected to account for major respiratory care devices market share for the forecast period, 2022-2026. Different type of therapeutic devices such as humidifiers, nebulizers, oxygen concentrators, reusable resuscitators, inhalers, positive airway pressure devices, masks, among others are in high demand in United States. Inhaler segment is anticipated to hold major market share in the therapeutic devices segment. Inhalers are majorly divided into two main categories which are metered-dose inhalers and dry powder inhalers. Inhalers are used for treating respiratory related problems. Increasing cases of asthma are positively impacting the market growth. Based on indication, market is majorly categorized into chronic obstructive pulmonary disease, sleep apnea, asthma, infectious diseases, and others. Chronic obstructive pulmonary disease is expected to dominate the respiratory care devices market for the next five years owing to increase in the number of people who prefer smoking which gives rise to various respiratory problems. Increase in the growth of automotive industry which release carbon dioxide and harmful gases into the environment coupled with other industrial emissions is responsible to raise the air pollution levels thereby affecting the respiratory system of citizens. Also, increasing prevalence of smoking is another major driver for the growth of the market. The recent outbreak of coronavirus has serious impact on the COPD patients which is another significant factor contributing to the surge in growth of the respiratory care devices market growth.
GE Healthcare, Philips Healthcare (USA), Medtronic USA, Inc, ResMed Inc (United States), Invacare Corporation, Draeger Inc., Masimo Corporation, Omron Healthcare Inc., Siemens Medical Solutions USA Inc., Fischer & Paykel Healthcare, Inc are the leading players operating in United States respiratory care device market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several respiratory care device manufacturers are coming up with their technologically advanced offerings.
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“High-end investment by the major market players of the respiratory care devices to increase the efficiency and performance of the respiratory care devices such as miniaturization of respiratory devices along with increasing the reach of the devices by adopting attractive marketing strategies is boosting the growth of the market. Presence of highly disposable income and adoption of sedentary lifestyle coupled with high number of people who consume alcohol and smoke is anticipated to propel the respiratory care devices market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Respiratory Care Device Market By Product Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories) By Indication (Chronic Obstructive Pulmonary Disease, Sleep Apnea, Asthma, Infectious Diseases, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States respiratory care device market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States respiratory care device market.
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