Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
An external heating devices which are used in combination with a nebulizer system is called as respiratory heaters. It is also known as nebulizer heaters and are designed to provide heated and warm bland aerosol therapy and heated breathing gas to patients who need the respiratory support through tracheal tube and nasal cannulae. Respiratory heaters provide users with a mixture of oxygen and warm ambient air.
The global respiratory heaters market is witnessing fastest growth. An increasing adoption of several respiratory instruments and devices for the diagnosis and the treatment of various respiratory diseases is major driving factor behind the growth of the market. Likewise, factors such as increasing incidence of respiratory diseases such as asthma, COPD and many others, growing number of tobacco smokers, rising air pollution across the globe, and rising adoption of several preventive measures to reduce air pollution that may cause respiratory diseases are likely to expand growth of the market during the forecast period. Moreover, rising cases of the novel COVID-19 virus and increasing advancements in the existing respiratory treatment devices is improving market growth.
The study analyses global respiratory heaters market based on diseases, end user and geography.
Based on disease, chronic obstructive pulmonary disease (COPD) segment held the largest market share in 2020. And asthma segment is projected to witness fast growth during the estimated period. COPD is the group of progressive lung diseases. COPD is the major cause of death in the world and every year number of people get affected from the COPD disease. Thus increasing prevalence rate of COPD disease among children, adults as well as old population and rising demand to reduce this rate is making more demand for respiratory heaters, which is ultimately supporting the market growth.
Based on end user, hospital segment dominated the market in the past years and is likely to maintain its dominance during the forecast period. A growing adoption of technologically advanced respiratory disease treatment devices in the hospitals is major driving factor behind the growth of this segment. Furthermore, factors such as increasing number of hospitals, rising investments in the hospital medical devices by the hospital administration, and increasing need to prevent hospital-acquired infections are improving the growth of this segment.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global respiratory heaters market and is likely to dominate the market over the estimated time frame. The major driving factors that accredited to the growth of the market in NA region are well-established healthcare industry, surge in the research and development investment in the healthcare and medical devices industry and rising exports of medical devices. Additionally, increasing incidence of respiratory diseases due to major risk factors such as smoking and air pollution is further contributing to the market growth.
The major key players of market includes Great Group Medical Co., Ltd, Medline Industries, Inc, GE Healthcare, WILAmed GmbH, The HomeCare Medical Ltd, Fisher & Paykel Healthcare Limited, Shenyang RMS Medical Tech Co., Ltd, Teleflex Incorporated, Armstrong Medical, Inc, Care Fusion Corporation, Healthcare Trust and The HomeCare Medical Ltd among others.
The study analyses global Respiratory Heaters market based on diseases, end user, and geography. Respiratory Heaters market by diseases is segmented into asthma, chronic obstructive pulmonary disease, bronchitis, tuberculosis, and others. The chronic obstructive pulmonary disease segment is likely to dominate the market over the forecast period. Increasing prevalence rate of chronic obstructive pulmonary disease across the globe is attributed to the market growth. By end user, the market is segmented into hospitals, clinics, home health care, and others. The hospital segment is likely to register fastest growth in years to come owing to the growing adoption respiratory heaters by various end users across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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