LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- 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.
In 2012, the global therapeutic respiratory devices market was evaluated around USD 6.35 billion 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% over the forecast period. 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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The report Therapeutic Respiratory Devices Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Therapeutic Respiratory Devices Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Competitive Outlook and Trend Analysis
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.
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Table of Contents
- Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research - Executive Summary
2.1. Key Highlights - Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Prevalence of Respiratory Disorders
3.2.1.2. Rapid Technological Advancements
3.2.1.3. Increasing Geriatric Population Across the Globe
3.2.2. Restraints
3.2.2.1. Burden Cost of Respiratory Diseases
3.2.2.2. Lack of Patient Compliance
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities - Therapeutic Respiratory Devices Market, By Application
- Therapeutic Respiratory Devices Market, By Region
- Company Profiles
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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.
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