European Respirtory Therapeutic Devices Market Insights
Respirators are devices used to help people with breathing problems who cannot reach a satisfactory oxygen level to ensure their survival. Respiratory diseases are one of the major causes of death in the world. These devices help remove mucus from the airways and thus increase lung function. Population aging is a major cause of the respiratory device market in this region. Another aspect is that European countries face similar economic and demographic burdens and have the same interest in examining their impact on health outcomes at national and European levels. However, the rising health costs and the harmful effects of some breathing apparatus on newborns are the main factors that hinder market growth in this region.
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Increased government support for research and development, as well as high per capita health care costs and better access to technology ensure the growth of the regional market.
In addition, the increasing prevalence of respiratory diseases, combined with the increasing demand for treatment measures, stimulates the growth of the respiratory physiotherapy market. In addition, the availability of well-developed technologies, in combination with an established infrastructure that allows for the early implementation of advanced technologies to some extent, increases the size of the respiratory device market.
Respirtory Therapeutic Devices Market Segmentation
The European respiratory devices market is bifurcated based on the type and further sub-segmented based on the other provisional factors.
Based on the type, the market is diversified into diagnostic and monitoring devices, therapeutic devices, and disposables.
The therapeutic devices segment of the respiratory devices market is divided into BI-PAP devices, ventilators, nebulizers, CPAP devices, resuscitators, oxygen concentrators, humidifiers, and inhalers.
Based on diagnostic and monitoring devices, the European respiratory device market is segmented into sleep test devices, pulse oximeters, spirometers, advanced flow meters, capnographs.
Based on disposable products, the worldwide respiratory devices market is classified into breathing circuits, cannulas, masks, filters, and tubes.
Moreover, the therapeutic devices segment leads among other segments, mainly due to the growing acceptance of various therapeutic devices such as nebulizers, humidifiers, and oxygen concentrators.
Based on end-users, the respiratory device market in Europe is segmented into healthcare facilities, hospitals, and home care.
Respirtory Therapeutic Devices Market Regional Analysis
The respiratory care market in the European region is becoming a lucrative market with blooming opportunities. Factors supporting market growth comprise increased funding, support for public and private research and development, leading to progress in portable technology. In addition, the recovery of the economy in Europe plays a key role in market growth, increasing the purchasing power of consumers.
With its booming medical device market, Germany is the region’s leading respiratory device market, followed by the United Kingdom and France, respectively. The UK, with its strong market growth, dominated by strong healthcare penetration and high per capita income, is the second-largest market in the European respiratory devices market.
In addition, growing investment in healthcare and the growing number of patients with respiratory disorders and diseases, as well as the region’s rapidly growing medical treatment market, are driving the growth of the respiratory device market in Europe.
Respirtory Therapeutic Devices Market- Key Players
Some of the leading industry players involved in the development of the European respiratory device market include Fisher and Paykel Healthcare Limited, CareFusion Corporation, ResMed, Inc., Masimo Corporation, CareFusion Corporation, Philips Healthcare, and Covidien plc.
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