The latest trending report published by Crystal Market Research titled, Therapeutic Respiratory Devices Market approximates that the Therapeutic Respiratory Devices market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
The global therapeutic respiratory devices market was evaluated around USD 6.35 billion in 2012 and is expected to reach approximately USD 19.48 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 11.87%.
Therapeutic Respiratory Devices Market – Report Overview:
Major drivers of the global market are the growing occurrence of target disorders like COPD, sleep apnea, and asthma, demand for early disease diagnosis and rising awareness levels amongst the patients.
According to the WHO approximates COPD is anticipated to be the third major cause of death globally. As per the statistics issued by the National Sleep Foundation, approximately 40 million Americans were suffering from chronic sleep disorders during 2012.
Furthermore, the occurrence of obstructive sleep apnea was around 12 million in the United States with the analysis rate of approximately 1 out of 22. The incidence of this disorder is anticipated to constantly increase over the forecast years, due to the rising occurrence of hypertension, obesity, and cardiovascular diseases.
Also, technological innovations linked with these systems and increasing healthcare spending levels worldwide are accountable to estimated boost for the global therapeutic respiratory devices market growth during the projected period.
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Therapeutic Respiratory Devices Market – Regional Outlook:
In 2014, the North American regional therapeutic respiratory devices industry was the major and was evaluated at USD 2.92 billion.
The Latin American and Asia-Pacific markets are projected to witness rapid growth during the next few years. The increasing number of patients having respiratory disorders as well as the existence of high unfulfilled healthcare needs is anticipated to serve as major growth drivers.
Therapeutic Respiratory Devices Market – Top Major Market Players:
The major market players in the global therapeutic respiratory devices market are Philips Healthcare, GE Healthcare, Smiths Medical, CareFusion Corporation, and Covidien Plc. Innovative product development and mergers and acquisitions are few often implemented business strategies.
Key Findings of the Research Study:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Therapeutic Respiratory Devices Market – Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.