Houston, TX -- (SBWIRE) -- 08/01/2018 -- Research N Reports.com a respiratory device is a medical device used to provide medication or assist a patient who is having difficulty in breathing and cannot achieve adequate oxygen levels to maintain life. Patients with respiratory disorders such as cystic fibrosis, asthma, COPD, and ARDS require the need of respiratory devices. The medication is delivered in the form of mist inhaled into the lungs. In general, for medication a mouthpiece or mask is placed to the mouth through which the patient slowly breathes until all the medicine is inhaled while for breathing problems the device is placed in a room to expel warm or cool mist into the air. Certain devices such as mechanical ventilators are connected through an endotracheal tube placed in the patient's trachea (windpipe); this is known as an invasive ventilator. Some of the latest mechanical ventilators assist breathing through a mask or mouthpiece (non-invasive ventilators).
Research N Reports.com analysts forecast the Global Respiratory Devices market will grow at a CAGR of 7.36 percent over the period 2014-2018.
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Major Key Players in this report are: CareFusion(BD), Schiller, CHEST, COSMED, NDD, nSpire Health, MGC Diagnostics, Minato, M&B, AESRI, Ganshorn, Morgan Scientific, Sikeda, RSDQ
Respiratory Medical Device Systems help in maintaining updated information of patients, cut down healthcare costs, and enhance efficiency and accuracy. Owing to these benefits, they are being increasingly acknowledged by many physicians around the globe. Moreover, favorable initiatives introduced by several governments worldwide are promoting the adoption of Respiratory Medical Device systems for healthcare facilities. The emergence of digital and connected healthcare technologies is also providing a significant push to the market.
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On the other hand, the lack of professionals with adequate knowledge regarding healthcare is restricting the market from realizing its full potential. Moreover, the high installation cost of Respiratory Medical Device solutions along with the technical issues such as data migration complexities, system interoperability and integration issues is hampering the growth of the market. However, the increasing popularity of e-prescription is likely to bode well for the growth of the market in the offing. Furthermore, the shifting focus of healthcare service providers from disease-centric to patient-centric models is creating immense growth opportunities for the market.
On the basis of product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
Portable Respiratory Medical Device
Complete Respiratory Medical Device
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Respiratory Medical Device for each application, including
Hospitals
Physical Examination Center
Physician Groups
Other Applications
The key regional markets methodically examined in the research report are North America, Europe, Japan, China, India, and Southeast Asia. North America is expected to represent a substantial share in the market during the forecast period. The growth of the region is primarily driven by the healthcare IT market in the U.S., which is one of the most prominent and mature markets worldwide. The stringent regulatory norms and Respiratory Medical Device incentivizing policies in the region are prompting hospitals and clinics in the region to implement Respiratory Medical Device solutions.