Respiratory Devices - Global Pipeline Analysis And Opportunity
Respiratory Devices - Global Pipeline Analysis
, Opportunity Assessment and Market Forecasts to 2016The report provides key data, information and analysis on the global respiratory devices market. The report provides market landscape, competitive landscape and market trends information the respiratory devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape, key pipeline products and technology offerings. ( http://www.bharatbook.com/detail.asp?id=145432&rt=Respiratory-Devices-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016.html )
The Global Respiratory Devices Market is Expected to Grow at a CAGR of 10% from 2009 to 2016
The global respiratory devices market was valued at almost $4.2 billion in 2009. This market is expected to grow at a Compounded Annual Growth Rate (CAGR) of 10% from 2009 to 2016 to reach $8.2 billion by 2016. The market is expected to be driven by the aging population and growing disease prevalence rates for respiratory diseases such as COPD (Chronic Obstructive Pulmonary Disease) and asthma.
The market comprises Positive Airway Pressure (PAP) devices, nebulizers, ventilators, oxygen concentrators, humidifiers and reusable resuscitators. PAP devices occupy the largest share, with 65% in 2009. The share of PAP devices is expected to grow further to reach 72% of the overall respiratory devices market by 2016. It is followed by nebulizers and ventilators, which had a market size of $564m and $500m, respectively, in 2009. The nebulizers market is expected to reach $795m and ventilators market is expected to reach $815m in 2016.
The US is the Biggest Market for Respiratory Devices
The US is the biggest market for respiratory devices worldwide. In 2009, the US respiratory devices market contribution is 60% towards global respiratory devices market. The market for respiratory devices was valued at about $2.1 billion in 2009 and is expected to reach $4.7 billion by 2016 with a CAGR of 12%. Availability of reimbursement and increasing awareness of respiratory diseases is expected to drive the US respiratory devices market in the future.
ResMed is the Leader in the Global Respiratory Devices Market
In 2009, ResMed Inc is the market leader in the global respiratory devices market with a share of 14%. The company has a major presence in PAP devices and humidifiers. The respiratory devices market is highly fragmented with numerous local and international players. Companies from emerging economies such as China, Taiwan and India are competing with multinational players leading to downward pressure on the prices.
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