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Technavio’s market research analysts predict the global respiratory disposable devices market to grow steadily during the forecast period and post a CAGR of around 5% by 2020. This industry research report identifies the increasing number of surgical procedures to be one of the major factors that will have a positive impact on the growth of the disposable respiratory devices market in the coming years.
In addition to specialty surgeries such as colectomies and appendectomies, hospitals also perform orthopedic, trauma, ophthalmic, endoscopic, laparoscopic, and cosmetic surgeries. Anesthesia is usually administered to keep the patient unconscious during the painful surgical procedures. The recent years have witnessed a constant increase in the number of surgical procedures around the globe, especially in the European countries. This will drive the demand for anesthesia, which will subsequently boost the growth of the disposable respiratory equipment market.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The constantly increasing number of surgical procedures and respiratory diseases in the countries in North America and the presence of a number of respiratory therapists in countries such as Canada will bolster the market’s growth prospects in this region. Furthermore, the increasing acquisition of smaller hospitals in the region, which will lead to a rise in the number of emergency and operating rooms and ICUs will also aid in the growth of the market in the Americas.
Characterized by the presence of several large, medium, and small-sized respiratory devices manufacturers, this market appears to be highly fragmented. The market is highly competitive, and the vendors compete based on several factors including pricing, product differentiation, online and on-site servicing, and forming partnerships with clinics and hospitals. Technological advancements and product upgradations will intensify the level of competition among the market players. The large Tier 1 company account for the major revenue shares and dominate the industry. To enhance their customer base, the Tier 2 and Tier 3 respiratory devices companies have started forming partnerships with distributors.
During 2015, the disposable masks segment accounted for the major revenue shares and dominated the respiratory disposable devices market. Disposable masks are used in both invasive and non-invasive treatment. The increasing use of supraglottic airways during general anesthesia and respiratory care procedures will drive the demand for laryngeal mask airways (LMAs), which will, in turn, propel the market’s growth prospects.
According to this market study, hospitals were the major end-user segment to the respiratory disposable devices market during 2015. Hospitals and clinics usually procure medical products and consumables in bulk quantity. The increasing number of hospital admittance for surgical care will be one of the major factors that will drive the growth of the market in the coming years.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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