According to a new report published by Allied Market Research, titled, โTherapeutic Respiratory Devices Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” Therapeutic respiratory devices are primarily used in therapeutics for improvising pulmonary functionalities by clearing the airway, enhancing lung oxygen intake capacities and providing assistance for mucous removal from bronchi during respiratory therapeutics treatment. These respiratory devices are also utilized for assistance in the treatment of various chronic ailments associated with respiratory malfunction. These ailments include the likes of chronic obstructive pulmonary disease (COPD), bronchitis, sleep disorders, asthma and other chronic diseases. Availability of these devices in the market include variable types with slight difference in the application purpose such as long-term respiratory devices used mainly for intensive care, mobile home respiratory devices to be applied in homecare settings and portable respiratory devices to be utilized during emergency for providing point of care assistance. Owing to wide variety of application, these equipment are also implemented if facilitating and improvising respiratory function in infants during post natal care, specifically among the preterm births, post-partum complications and associated conditions.
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COVID-19 Scenario Analysis
- Due to the COVID โ 19 outbreak, majority of healthcare, pharmaceutical and biotechnology organizations have concentrated on diagnostics kits, safety wearables (PPE kits, face shields, masks) and treatment therapies and medication against Novel coronavirus
- R&D labs are also focusing on finding a breakthrough vaccine against Novel coronavirus
- In addition, the medical professionals are engaged in providing COVID-19 related services, as a result, other healthcare segments have to face negligence
- Moreover, people suffering with bronchitis, respiratory conditions are required to take special precautions as bronchitis being one of the conditions listed under COPD and carry a very high predisposition of getting infected with SARS-CoV-2 making the condition worst
- Respiratory diseases doesnโt cause COVID-19, however patient prone to respiratory ailments such as COPD, chronic bronchitis would be very sick is if gets infected with SARS-CoV-2 which would possibly lead to fatal outcomes
- Hence people with respiratory disorders and related chronic ailments are at increasing risk, which would surge the demand for these respiratory devices due to ongoing pandemic situation
The myriad of factors including growing prevalence of respiratory diseases and chronic ailments with respiratory dysfunction, increasing rate of aging populace and recent technological achievements are the key drivers of market growth for therapeutic respiratory devices. In addition, increasing application of respiratory function regulators such as nebulizers, humidifiers and oxygen concentrators in the emergency healthcare settings would further surge the demand for these devices in the market. Owing to the attributes wide range of applications of these devices in acute as well as chronic patient care, respiratory therapeutic devices are extensively used by physicians for treatment of patients suffering from respiratory ailments. The Centers for Disease Control and Prevention (CDC) report states that the number of COPD affected patients in the U.S. alone is around 12.7 million adults belonging to age group of 18 years and above. Furthermore, WHO estimates the fatal respiratory diseases like tuberculosis, lung cancer and COPD will account for 20% of deaths in the world by the end of year 2030.
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The key players profiled in this report include Becton, Dickinson and Company, Getinge AB, Fisher & Paykel Healthcare Limited, GE Healthcare, Draegerwerk AG & CO.KGAA, Invacare Corporation, Medtronic, Koninklijke Philips N.V., ResMed and Smiths Medical.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the global therapeutic respiratory devices industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global therapeutic respiratory devices market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global therapeutic respiratory devices market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global therapeutic respiratory devices market analysis based on competitive intensity and how the competition will take shape in coming years.
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