MCP-3359: RESPIRATORY CARE EQUIPMENT – A GLOBAL STRATEGIC BUSINESS REPORT

Global Respiratory Care Equipment & Supplies Market to Cross $22.1 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Respiratory dysfunction, one of the most prevalent and expensive conditions in healthcare, is continuously on the rise worldwide. Industrialization, and growing levels of pollutants in the environment are considered to be prime factors leading to increased instances of choric respiratory disorders. Driven by these factors, world market for respiratory care equipment & supplies is projected to reach $22.1 billion by the year 2010.

San Jose, California (PRWEB), April 29, 2008 -- Growing world population ranks as a major factor driving the respiratory care equipment & supplies market. Novel drugs and sophisticated equipments are likely to find favor in developed countries, while older devices continue to enjoy strong position in developing countries. Products offered by the respiratory care industry are used to examine, monitor, and treat respiratory ailments that may occur due to chronic obstructive pulmonary diseases (COPD), trauma, or other diseased conditions. Currently, millions of people across the world suffer from asthma, and COPD has already achieved the dubious distinction of being the fastest growing cause of death in United States. In addition to typical growth drivers such as, cumulative effects of smoking, increase in the number of aged patients (afflicted by respiratory problems), desire for an active lifestyle by the aging population, and growth in homecare solutions, government regulations are also expected to play a major role in determining the market’s future. Reimbursements and technology innovations are expected to drive the market in the upcoming years. Also, competition is intense in the market. Companies are collaborating with academic institutions and marketing agencies for research & development and commercialization of their products.

Asia-Pacific ranks as one of the fastest growing markets for respiratory care equipment & supplies flaunting the potential to grow at a CAGR of 8.51% over the period 2011 through 2015, as stated by Global Industry Analysts, Inc. Market for Pulmonary Function Testing Equipment in Europe is forecast to reach $247.49 million by the year 2012. Sales of Spirometers in Asia-Pacific are forecast to reach $211.90 million by the year 2015.

The report titled “Respiratory Care Equipment: A Global Strategic Business Report” published as by Global Industry Analysts, Inc., provides a comprehensive review of respiratory therapy equipment, respiratory diagnostics, research & development, competition, pulmonary equipment tests, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - Pulmonary Function Testing; Spirometers; Sleep Apnea Diagnostic Devices; Ventilators; Humidifiers; Nebulizers; CPAP/Bi-Level Devices; Oxygen Equipment; Manual Resuscitators; and Masks, Circuits & Disposables.

Key players dominating the global respiratory care equipment market include Allied Healthcare Products Inc., Cardinal Health, Covidien Ltd, Dräger Medical AG & Co. KG, DeVilbiss Healthcare, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hamilton Medical AG, Invacare Corporation, nSpire Health LLC, ResMed Inc., and Respironics Inc.

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