The rising geriatric population along with the rising rate of heart attacks across the United Kingdom is driving the growth of the United Kingdom respiratory care device marketin the upcoming five years.
According to TechSci report on, “United Kingdom Respiratory care device market- By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom respiratory care device market may flourish with an impressive CAGR during the forecast period of 2023-2027, due to the proliferating numbers of several pulmonary diseases such as asthma, lung cancer, bronchitis, COPD, etc. Additionally, the rising carbon emissions, degrading air quality, and bad lifestyle choices such as high alcohol consumption and smoking are also the primary reasons for the increasing cases of pulmonary diseases. As a result, the demand for respiratory care devices is augmenting across the region. Furthermore, the growing preference for home-based respiratory care devices is providing lucrative growth opportunities to the market players. Home-based devices and therapeutics reduce hospital visits and the associated costs and provide speedy recovery at home only. For instance, nebulizers are extensively utilized by asthma patients in case of shortness of breath.
Moreover, key market players are focusing on advancing therapeutics and inhaling medicines to increase their effectiveness. Apart from this, the improved affordability of respiratory medical devices and several subsidies and financial incentives provided by the UK government is providing a positive outlook to the market. For instance, In Britain, there is a state-funded system known as NHS (National Health Service), which covers everything from an ambulance ride to emergency room visits, hospital stays, complex surgeries, therapies, and so on. About 18% of a citizen’s income tax goes to healthcare, and the medical coverage is paid by general taxation. All these abovementioned factors are expected to propel the demand for Respiratory care devices in the United Kingdom over the coming years.
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The United Kingdom respiratory care device market is segmented by product type, indication, end users, competitional landscape, and regional distribution. Based on product type, the market is further segmented into therapeutic devices, monitoring devices, diagnostic devices, and consumables & accessories. Among these therapeutic devices segment is expected to lead the market over the forecast years. The therapeutic devices are further segmented into nebulizers, oxygen concentrators, humidifiers, positive airway pressure (PAP) devices, reusable resuscitators, ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods Inhalers. Inhalers are widely utilized in the treatment of both major and minor respiratory ailments. They are categorized as dry-powder inhalers (DPIs) and metered-dose inhalers (MDIs), which are equipped with counted doses of puffs. The bolstering cases of asthma are primarily driving the growth of the United Kingdom inhalers market in the forecast period.
By indication, the market is bifurcated into chronic obstructive pulmonary disease, sleep apnea, asthma, infectious diseases, and others. COPD held the largest market share in the recent years and is expected to remain dominant over the coming years. The rising cases of COPD can be attributed to the increasing prevalence of smoking, high carbon footprints, and other environmental factors. Furthermore, the recent outbreak of COVID-19 has also impacted COPD patients. However, they are not at a risk of contracting the infection, but it can seriously affect such patients. Therefore, the growing prevalence of COPD and the proliferating number of deaths caused by COPD are anticipated to propel the demand for respiratory care devices in the United Kingdom during the forecast period.
Based on the end user, the United Kingdom respiratory care device market is fragmented into hospitals & clinics, ambulatory care centers, and others. Among these, the hospitals & clinics segment is expected to hold the largest market share over the coming years. This is primarily because hospitals usually have fully developed infrastructure with technologically advanced medical devices and equipment required to deal with ailments like COPD, lung cancer, etc. Moreover, hospitals and clinics offer better care due to the presence of highly skilled professionals and nursing staff. In line with this, the rising focus on upgrading the healthcare infrastructure is expected to fuel this segment of the United Kingdom respiratory care device market.
A list of major market players of the United Kingdom respiratory care device market includes:
- Medtronic United Kingdom
- Philips Medical Systems UK Limited
- GE Healthcare UK Limited
- Invacare UK Limited
- Drive DeVilbiss Limited
- ResMed UK Limited
- Getinge UK Limited
- Becton Dickinson U.K. Limited
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“Rapid advancements the development of respiratory care devices is strengthening the market growth. Leading companies are introducing devices that incorporate a unique drug delivery design that accelerates the recovery process. For instance, in April 2020, Philips introduced PHILIPS RESPIRONICS E30 VENTILATOR which will help the healthcare professionals by providing superior quality ventilators. Apart from this, with the development and improvement in the healthcare infrastructures, free treatment availability in Britain, and the expansion of distribution networks, is providing a positive outlook to the United Kingdom respiratory care device market. New market players are advised to take strategic decisions and engage in mergers and acquisitions to expand their market base and increase their product portfolio I order to establish their brand in the United Kingdom,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United Kingdom 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 Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United Kingdom respiratory care device market and provides statistics & information on market size, 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 United Kingdom stent market.
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