Monday, 13 January 2020

Europe Respiratory Therapeutic Devices Market Analysis and Industry Outlook to 2020


Europe Respiratory Therapeutic Devices Market – Overview:
Respiratory Therapeutic/ care devices are used for diagnosis, monitoring, and treatment of respiratory diseases such as COPD (chronic obstructive pulmonary disease), Chronic Bronchitis, Tuberculosis, Emphysema Asthma, and Pneumonia. These devices provide advanced care to patients suffering from severe and chronic respiratory diseases. Increasing prevalence of respiratory disorders & diseases in the region predominantly drives the market growth of Respiratory Therapeutic Devices in Europe.
Acknowledging the exponential growth the market perceives currently and gauging the potential the market holds to grow in the future; Market Research Future (MRFR), in its recently published market forecast asserts that the Europe Respiratory Therapeutic Devices Market will grow exponentially by 2020, registering a striking CAGR throughout the forecast period (2017 – 2020).

Major driving factors for the Europe respiratory caredevices market are the rise in the number of chronic pulmonary obstructive diseased patients, and the continuous surge in numbers due to changing lifestyle and environment such as increasing pollution level and smokers. Furthermore, rising geriatric population, the launching of the new product coupled with the robust pipeline of the product provide impetus to the market growth.
On the other hand, some of the harmful effects of respiratory devices and the low awareness in some of the developing regions are the factors affecting the market growth. Also, the excise tax on devices is expected to impact the market negatively in some countries.  
Europe Respiratory Therapeutic Devices Market – Segments
For the convenience of the report and enhanced understanding; MRFR has segmented the market into five key dynamics
By Products    : PAP Devices (CPAP Devices, APAP Devices, and BPAP Devices), Masks (Nasal Masks, Nasal Pillow Masks Full-Face Masks, and Oral Masks), Ventilators (Adult and Infant Ventilators), Nebulizers, Humidifiers (Heated and Passover Humidifiers), Oxygen Concentrators (Fixed and Portable Oxygen Concentrators), Inhalers (Dry Powder Inhalers and Metered Dose Inhalers), Resuscitators (Reusable and Disposable Resuscitators), Nitric Oxide Delivery Units, Oxygen Hoods, Others.
By Technology                   : Electrostatic Filtration, HEPA Filtration, Hollow Fiber Filtration, and Microsphere Separation among others.
By Applications : Asthma, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, and others.
By Modes of Care: Hospital Care & Home Care among others
By Regions           : Europe - Germany, France, U.K., Italy, Spain, and Rest of Europe
Segment - Hospital Care by Modes of Care dominates the market, owing to the financial capabilities of hospitals to purchase high cost devices. 
Europe Respiratory Therapeutic Devices Market – Competitive Analysis
The Europe Respiratory Therapeutic Devices market is fiercely competitive with the presence of several large and small players operating in the market. These market players acquire promising companies to expand in the fast-growing markets, focusing on improving their market performance. The market structure is dynamic due to the acquisition of local manufactures by the multinational companies. Strategies like product innovations and technologies are creating strong investment opportunities for the market players.
Industry, Innovation & Related News
April 18, 2018 –INSYS Therapeutics, Inc. (US), a leading global players in the development, manufacture and commercialization of pharmaceutical cannabinoids and spray technology announced its partnership with Senzer Ltd. (UK) to take the clinical research of dronabinol inhalation to the next level using a novel and patented breath-actuated device—licensed from Senzer and accepted by the FDA, U.S. under an IND (investigational new drug) filing, in the second half of 2018.
April 19, 2018 – ICON plc. (Ireland), a leading global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, announced that it has reached a preliminary agreement with Intel to use the Intel Pharma Analytics Platform (AI-enabled remote monitoring) in clinical trials.
March 29, 2018 – Koninklijke Philips N.V. (The Netherlands) a leading global technology company focused in the area of healthcare, announced signing of a 15-Year Strategic Partnership Agreement with ZorgSaam (The Netherlands), a company offering hospital care, ambulance care, home care and elderly care to provide a wide range of integrated solutions for the diagnosis and treatment of patients.

Europe Respiratory Therapeutic Devices Market – Country-wise Analysis
Germany among the other European countries accounts for the leading market for Respiratory Therapeutic Devices, accounting for the largest revenue pocket, followed by the UK & France, respectively. The German market backed by the high expenditure on healthcare is the largest contributor to the Europe market growth. Moreover, increasing prevalence of respirational diseases & disorders coupled with the rising demand for treatment measures provides impetus to the market growth.
The UK stands the second-largest market in the Europe Respiratory Therapeutic Devices market. The strong market growth in the country drives the regional market growth, large scale, owing to the high per capita income and robust healthcare penetration in the country. Attributing to the increasing investment in healthcare and rising number of patients with respirational disorders & diseases, the UK market is projected to register a phenomenal CAGR during the forecast period.
France market for Respiratory Therapeutic Devices is expected to perceive an exponential growth, owing to the large patient pool and the burgeoning medical treatment market.      


About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312


No comments:

Post a Comment