Global Therapeutic Respiratory Devices Market
Published date: August 20, 2019
Global Therapeutic Respiratory Devices Market is expected to grow at CAGR of around 9.6% and will exceed over 17 billion USD by 2024. Major drivers of Global Therapeutic Respiratory Devices Market are rising aging population, increasing the incidence of respiratory diseases like asthma and growing levels of pollution day by day. Urbanization, an increase in the number of factories with harmful chemical disposure to air causes an increase in population that will increase in respiratory problems among people that will give demand for therapeutic respiratory devices. Rapid development in the Asia Pacific region and increasing demand for respiratory devices fuel the Global Therapeutic Respiratory Devices Market. In recent years, North America accounted for maximum share in therapeutic respiratory devices followed by Europe, Asia Pacific. Maximum share in North America and Europe is due to rising geriatric population, established healthcare industry, growing demand for point-of-care diagnostic testing, and growing investments for the healthcare industry. In regions like APAC and Latin America therapeutic respiratory devices market is driven by the growing healthcare industry, the increasing number of private hospitals, increasing per capita income etc. Therapeutic devise like nebulizer is used as medicine in form of a mist inhaled into lungs. Its types like compressed based, piston based, ultrasonic nebulizers provide relaxation to patients of respiratory diseases like asthma that gives demand for these respiratory devices. Humidifiers like a heated humidifier, vaporizer is used to reduce a cough. Heated humidifiers remove all impurities that will give more preference for using heated humidifiers and will increase demand.
Name: Mayuri Kathade.