Global Respiratory Equipment Market: Size & Forecast with Impact Analysis of COVID-19 (2022-2026 Edition)

Global Respiratory Equipment Market: Size & Forecast with Impact Analysis of COVID-19 (2022-2026 Edition)Scope of the Report

The report titled “Global Respiratory Equipment Market: Size & Forecast with Impact Analysis of COVID-19 (2022-2026 Edition)”, provides an in-depth analysis of the global respiratory equipment market including a detailed description of the impact of COVID-19, market sizing and growth. The analysis includes the market by value and market share by segment, by disease, and by region. Furthermore, the report also provides a detailed segment and regional analysis.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall global equipment market has also been forecasted for the years 2022-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Philips, ResMed Inc., Medtronic Plc, and Fisher & Paykel Healthcare are some of the key players operating in the global respiratory equipment market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the respective companies are provided.

Region Coverage

North America
Europe
Asia Pacific
ROW
Company Coverage

Philips
ResMed Inc.
Medtronic Plc
Fisher & Paykel Healthcare

Summary

Respiratory equipment includes medical equipment that assists patients with respiration in a severe medical situation. In addition, the devices deliver medicine to treat several respiratory diseases. Moreover, respiratory devices are used for the diagnosis of respiratory problems.

Furthermore, respiratory devices facilitate in treatment and monitoring of respiratory disorders. The devices are primarily used for the treatment of different respiratory disorders like obstructive conditions, neuromuscular disorders, restrictive conditions, vascular diseases and other diseases like pneumonia, tuberculosis, asbestosis etc. Major respiratory care devices include CPAP machines, portable emergency oxygen systems, oximetry meters, nebulizers etc.

Patients with respiratory disease are treated with different medical equipment like air-cleaner, CPAP machines, BiPAP machines, portable emergency oxygen systems, etc. This equipment facilitates the medical experts to effectively and efficiently treat patients with severe respiratory diseases.

The global respiratory equipment market has increased progressively over the years and the market is further expected to propel at a steady pace during the forecasted years 2022 to 2026. The market would propel owing to different growth drivers like surging ageing population, rising healthcare expenditure, rising chronic diseases, escalating cigarette consumption, rise in carbon emission, escalating obese population and surging diabetic population.

However, the market faces some challenges which are obstructing the growth of the market. Some of the major challenges faced by the industry are rapid technological advancement, stringent product approval and monitoring regulatory, the existence of local manufacturers, lack of raw material availability and effects of respiratory devices on infants.