Portland, OR, May 04, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global Airway Clearance System Industry garnered $652.17 million in 2018, and is expected to generate $922.1 million by 2026, portraying a CAGR of 4.7% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6426
Surge in incidence of cystic fibrosis & chronic obstructive pulmonary disease (COPD) and increase in government initiatives to curb respiratory disorders drive the growth of the global airway clearance system market. However, high costs related to airway clearance systems and side effects of excessive dosage hinder the market growth. On the other hand, rise in usage of automation in healthcare industry and rapid adoption of advanced medical solutions create new opportunities in the industry.
Based on type, the positive expiratory pressure segment contributed to more than one-fourth of the total share of the global airway clearance system market in 2018, and is expected to contribute its dominant position during the forecast period. This is due to surge in usage in treatment of cystic fibrosis. However, the oscillating PEP devices segment is estimated to maintain the highest CAGR of 5.8% from 2019 to 2026, owing to usage for various respiratory conditions such as diffuse bronchiectasis and chronic obstructive pulmonary disease (COPD).
Based on end user, the home care settings segment held the highest share of the global airway clearance system market, holding nearly three-fourths of the total market in 2018, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to grow at the highest CAGR of 4.9% from 2019 to 2026, owing to technological advancements in the medical devices including reusable, portable, and cost-effective devices. The research also analyzes hospitals & clinics and ambulatory surgical centers.
Based on region, North America contributed the highest market share in terms of revenue, accounting for more than two-fifths of the global airway clearance system market in 2018, and is expected to maintain its dominant share in terms of revenue by 2026. This is due to the presence of advanced healthcare and medical infrastructure. However, Asia-Pacific is estimated to portray the highest CAGR of 6.1% from 2019 to 2026, owing to surge in awareness regarding chronic diseases such as cystic fibrosis.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6426
The key market players analyzed in the report involves Allergan plc, Dymedso Inc., Electromed Inc., Ltd., General Physiotherapy Inc Hill-Rom Holdings, Inc., International Biophysical Corporation, Koninklijke Philips N.V. (Philips), Monaghan Medical Corporation, Inc., and PARI GmbH, Thayer Medical.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Inhalation Anesthesia Market - Global Opportunity Analysis and Industry Forecast, 2019–2026
Positive Air Pressure Devices Market - Global Opportunity Analysis and Industry Forecast, 2020–2027
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.