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.
Read More @ https://www.marketresearchfuture.com/reports/europe-respiratory-therapeutic-devices-market-609
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