What is Global Respiratory Devices Market?
Respiratory devices are medical devices that help patients breathe in a critical situation. In addition, these devices are used to administer medications to treat various respiratory diseases, along with their diagnosis.
The Global respiratory devices market is expected to register a CAGR of about 12%, during the forecast period.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-respiratory-devices-market-report-2017-industry-analysis-trends-and-market-overview/9250674
The increase in the incidence of COPD and sleep apnea and the increased government spending are the main factors that should boost the world market for breathing apparatus during the forecast period. However, the high cost of respirators and the uncertain and ambiguous regulatory environment make it difficult for the market to grow.
Legislative changes in medical devices and technology services from several governments around the world are likely to stimulate the global market during the forecast period. For example, amendments to the Australian Medicare Act of 1973 for diagnostic imaging allowed Medicare to fund diagnostic imaging services. This has had a positive impact since March 2008 in improving access to diagnostic images for patients in different categories. In addition, the new capital sensitivity provisions are likely to offer discounts on various diagnostic imaging services in the country. The American Asthma Foundation funds highly innovative research through a national scholarship program that recruits researchers from other areas besides asthma. This could create a lucrative opportunity for organizations that wish to fund research in collaboration with universities or research organizations.
Request free sample @ https://www.researchcosmos.com/request/global-respiratory-devices-market-report-2017-industry/9250674
North America has captured most of the world market for breathing apparatus in 2017 due to the increase in the number of people suffering from respiratory diseases, the increasing number of diagnoses and treatments, and the presence of the key players. The Asia Pacific region is expected to gain significant market share during the forecast period. The market for respiratory devices in this region is expected to grow at the highest annual growth due to the increase in the prevalence of respiratory diseases, the increase in the geriatric population, and government support to manufacturers of respiratory devices.
What are the companies leading the Global Respiratory Devices Market?
ResMed, Koninklijke Philips N.V, and Vyaire Medical, Inc. (Becton, Dickinson and Company). These players are adopting organic and inorganic growth strategies to expand product offerings, strengthen geographical reach, increase customer base, and capture higher market share. Other players operating in this market are Smiths Medical (part of Smiths Group plc), Fisher & Paykel Healthcare Limited, Dragerwerk AG & Co. KGaA, GE Healthcare (part of General Electric Company), Getinge AB, Medtronic plc, and Chart Industries, among others.
Inquire before buying@ https://www.researchcosmos.com/inquire/global-respiratory-devices-market-report-2017-industry/9250674
About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Media Contact
Company Name: Research Cosmos
Contact Person: Kevin Stewart
Email: Send Email
Phone: 1-888-709-8757
Address:4390 U.S 1, Suite 211
City: Princeton
State: New Jersey
Country: United States
Website: https://www.researchcosmos.com/reports/global-respiratory-devices-market-report-2017-industry-analysis-trends-and-market-overview/9250674