1. Therapeutic Respiratory Devices Market By Product
(Nebulizers, Humidifiers, Oxygen Concentrators, Positive
Airway Pressure Devices, Ventilators, Capnographs, Gas
Analyzers) Analysis, Regional Outlook, Competitive
Strategies and Forecasts, 2015 to 2022
The global therapeutic respiratory devices market is expected to witness lucrative
growth over the forecast period as a consequence of rising incidences of
respiratory diseases such as tuberculosis, asthma and other respiratory allergies.
Global rising inclination towards home healthcare institutions is high impact
rendering driver of this market. Introduction of novel features such as dose
tracking and breath actuation are further expected to provide a growth platform to
the therapeutic respiratory devices market.
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2. The market is segregated on the basis of product into nebulizers, ventilators,
oxygen concentrators, capnographs, positive airway pressure devices, humidifiers,
and gas analyzers. Nebulizers are segmented into compressor based, ultrasonic and
piston based hand held nebulizer. Humidifiers are segregated into heated, stand-
alone, integrated, passover and built-in. Oxygen concentrators are divided into
fixed oxygen concentrators and portable concentrators. Positive airway pressure
devices are categorized into continuous, bi-level and auto-titrating devices. As of
2014, positive airway pressure devices dominated the therapeutics respiratory
devices market due to rapid technological innovations. Nebulizers are anticipated
to be the fastest growing segment of the market as a consequence of overcoming
limitations associated with traditional alternatives.

3. As of 2014, North America held substantial share as a consequence of growth
factors including rising prevalence of respiratory disorders. Increasing geriatric
patient base, lifestyle associated changes and high disposable income are also key
growth factors for this region. Asia Pacific region is anticipated to be the fastest
growing owing to rising disposable income and increasing patient awareness.
Major players of therapeutics respiratory devices market include CareFusion
Corporation, Airsep Corporation, Compumedics Ltd., Covidien PLC, Fisher &
Paykel, Merck & Co. and Respironics, Inc, GE Healthcare, Smiths Medicals,
Philips Healthcare, Invacare and Boehringer Ingelheim. These players focus on
developing recent technologies in order to expand their market share. These
players also employ extensive marketing and sales strategies, targeting regions,
and mergers & acquisitions in order to expand their market share. For instance, in
2015, Compumedics entered into distribution contract with Bestmed in order to
enhance its position as sleep diagnostic products distributor in the market.

4. Also, in 2015, GE Healthcare and Sanford Health announced service agreement in
order to expand the healthcare capabilities thereby capitalizing their market share.
Presence of high competition, high R&D investments and rising patent approvals
by these companies is expected to expand their market share over the forecast
period.
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