This “Respiratory Devices Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Respiratory Devices market can use for expanding their business in untapped market to increase their customer base.
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Respiratory Devices Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Sleep Test Device Segment is Expected to grow fastest during the forecast period
Home sleep testing is expected to register an exponential growth, due to the increasing availability of portable instruments, such as CleveMed’s SleepView [home sleep monitor], which integrates several studies (oximetry, position, and cardiovascular and respiratory studies). Furthermore, some of the sleep testing devices can be rented, which is resulting in the market expansion. For example, Philips Respironics’s Alice NightOne, which costs more than USD 2,999, can be rented for approximately USD 89/month. In developed countries, reimbursements are also available for in-laboratory and home sleep testing, which is expected to further fuel their adoption during the forecast period.
North America Region Holds the Largest Market Share of Respiratory Devices Market Market Currently and is Believed to Follow the Same Trend over the Forecast Period
North America accounts for the largest share of the market studied. This can be primarily attributed to the increasing prevalence of respiratory diseases. According to the data published by the World Health Organization (WHO), the Global Burden of Disease Study reported a prevalence of 251 million cases of Chronic Obstructive Pulmonary Disease (COPD) globally in 2016. The presence of major players in the region, such as GE Healthcare, Medtronic, and ResMed Inc., are also augmenting the growth of the market.
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Target Audience of Respiratory Devices Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Respiratory Devices Market Report:
- Analyzing various perspectives of the Respiratory Devices market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Respiratory Devices market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Respiratory Devices market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Respiratory Devices market studied, during the forecast period
- The segments that are expected to dominate the Respiratory Devices market studied.
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