Respiratory Care Devices Market by Type (Diagnostics Devices, Therapeutic Devices, Diagnostics Devices, Consumables And Accessories), Application, End Use, and Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Apr, 2020
  • Report ID: 417943
  • Category: Medical Devices
  • Pages: 219
$4700

The global respiratory care devices market is expected to grow from USD 23.03 billion in 2019 and to reach USD 41.20 billion by 2027, growing at a CAGR of 8.67% during the forecast period 2020-2027. Increasing prevalence of chronic disorders such as asthma all over the world, driving the growth of the market. In addition to this, rising technology development in the respiratory care devices and increasing geriatric population, further driving the growth of the market. Moreover, the recent outbreak of global pandemic COVID-19, the demand hugely surges for the respiratory care devices such as ventilators in all over the world.

Market Overview:

Respiratory care devices are the medical equipment which is used for the diagnosis, treatment, and monitoring the patients who are suffering from the respiratory system-related diseases. It includes the diseases such as asthma, lung cancer bronchitis, pneumonia and other such cardiopulmonary diseases, infections and viruses such as COVID-19. The respiratory diseases are one of the most common diseases due to air pollution, viruses, bacteria, and contagion. Thus, there is an integral need for respiratory care devices in the hospitals. The respiratory care devices include monitoring devices, therapeutic devices, diagnosis devices, and consumables.  

Impact of COVID-19 on the Respiratory care devices Market

The demand for respiratory care devices has skyrocketed in the hospitals and ICUs, with the increasing coronavirus patient across the globe. Typically, a patient stays in the ICU for three to four days on the ventilator; however, for coronavirus patient, the ventilators need for two to three weeks. Thus, the demand for ventilators has dramatically increased all over the world. In addition to this, major suppliers of medical devices said that they are experiencing the huge shortage of ventilators, amid an outbreak of COVID-19. For instance, around 5% to 11% of coronavirus patient in the U.S. requires the intensive care. Thus, many companies have boosted the production of ventilators to fill the supply-demand gap of ventilators. Europe is severally hit by the outbreak of COVID-19 and countries such as Italy, UK, Spain, and France are running out of ventilators. Thus, many governments urged the automobile manufacturers to produce the ventilators to deal with the coronavirus.

Market Dynamics:

Drivers:

  • Increasing prevalence of asthma
  • Rising geriatric population across the globe
  • Increasing global pandemic such as COVID-19

Restrains:

  • High prices of respiratory care devices
  • High initial investment for the installation of respiratory care devices

Opportunities:

  • Increasing research and development activities
  • Growing technological development in the respiratory care devices market

Challenges:

  • Stringent government regulations on medical devices
  • Budget constraints of small hospitals

Global Respiratory Care Devices Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global respiratory care devices market has been segmented based on type, application, and end-use.

  • Based on type, the market is segmented into diagnostics devices, therapeutic devices, diagnostics devices, and consumables and accessories. The diagnostics devices sub-segmented into PAP devices, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units and oxygen hoods. The therapeutic devices further classified into spirometers, polysomnography devices, peak flow meters, and other diagnostic devices. The motoring devices classified into pulse oximeters, capnographs, and gas analyzers. Therapeutic devices segment dominated the global respiratory care devices market and valued at USD 11.26 billion in the year 2019. The growth is mainly due to an increasing number of chronic diseases such as asthma in the world. Furthermore, the ventilators are seeing the greatest demand, due to the recent outbreak of global pandemic COVID-19, as many countries are experiencing a huge shortage of ventilators.
  • Based on the application, the market is segmented into chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, infectious disease, and other diseases.  Obstructive pulmonary disease (COPD) segment held the largest market share of 32.26% in the year 2019. The patients suffering from obstructive pulmonary disease (COPD) suffers from shortness of breath and cough with sputum production. It is a progressive disease and worsens over time. Thus, increasing prevalence of this type of disease driving the growth of the market.
  • Based on the end-use, the respiratory care devices market is classified into hospitals, home care settings, and ambulatory care centres. Home care settings segment projected to grow at the highest CAGR of 7.9% over the forecast period. The growth is mainly due to the development of portable and lightweight respiratory care devices. Thus, people can install it in the home, who are suffering from the long term respiratory chronic diseases.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region accounted for the major market share and valued at USD 9.56 billion in the year 2019.

  • New technology adoption and highly developed healthcare infrastructure are some of the key factors driving the growth of the market. In addition to this, the presence of key players in the North America region, further driving the growth of the market. Many companies are highly focusing on the development of respiratory care devices such as ventilator, stretchers, and beds, due to the outbreak of COVID-19. U.S. government has also collaborated with the Philips Healthcare, the medical device manufacturing company to supply the ventilators to fight against coronavirus pandemic.
  • Europe region projected to grow at the prominent CAGR in the global respiratory care devices market over the forecast period. As the coronavirus crisis worsens in the European countries, the European government are scrambling to secure the thousand of ventilators. The British government asked the suppliers to manufacture as many ventilators as they can to fight against corona. Apart from this, the European countries have a large number of geriatric population, which is further boosting the growth of the market.

Global Respiratory Care Devices Market Competitive Analysis:

Key players in the global respiratory care devices market are Medtronic plc, Drager AG, ResMed Inc., GE Healthcare, Fisher & Paykel Healthcare Corporation Limited, Philips Healthcare, Masimo Corporation, Chart Industries, Invacare Corporation, Getinge AB, Air Liquide, Hamilton Medical AG, Vyaire Medical, Nonin Medical Inc., Apex Medical Corp., Smiths Group, Omron Healthcare Inc., Allied Healthcare Products, Inc., Teleflex Incorporated, and DeVilbiss Healthcare LLC among others. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a significant share in the market.

For instance, In March 2020, Drager AG announced that it has ramped up the production of ventilators and has donated more than 100 ventilators to Italy, in order to cope with the high demand for products as a result of the coronavirus pandemic.

On 7th April 2020, Getinge announced that the company had ramped up the production to 26,000 ventilators in 2020, an increase equals a growth of 160% compared to 2019, when 10,000 ventilators were produced, as a result of the COVID-19 pandemic outbreak.

In March 2020, GE Healthcare and Ford announced the plan to produce as many as 50,000 ventilators by July 2020, as part of an effort to offer a critical medical equipment used to treat people with COVID-19.

In March 2020, Smiths Group alongside Airbus, Rolls-Royce and the McLaren F1 team announced the plan to produce 10,000 ventilators units to treat people with COVID-19.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2017 to 2027. Fior Markets has segmented the global respiratory care devices market on the basis of below-mentioned segments:

Global Respiratory Care Devices Market by Type:

  • Monitoring Devices
    • Pulse Oximeters
    • Capnographs
    • Gas Analyzers
  •  Therapeutic Devices
    • Spirometers
    • Polysomnography Devices
    • Peak Flow Meters
    • Others
  • Diagnostic Devices
    • PAP Devices
    • Ventilators
    • Nebulizers
    • Humidifiers
    • Oxygen Concentrators
    • Inhalers
    • Reusable Resuscitators
    • Nitric Oxide Delivery Units
    • Oxygen Hoods
  • Consumables and Accessories
    • Masks
    • Disposable Resuscitators
    • Breathing Circuits
    • Tracheostomy Tubes
    • Nasal Cannulas
    • Other

Global Respiratory Care Devices Market by Application:

  • Asthma
  • Sleep Apnea
  • Infectious Disease
  • Other Diseases

Global Respiratory Care Devices Market by End-Use:

  • Hospitals
  • Home Care Settings
  • Ambulatory Surgery Centers (ASCs)

Global Respiratory Care Devices Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018 and, the forecast period considered is from 2020 to 2027. The global respiratory care devices market is analysed on the basis of value (USD Billion), Volume (K Units), Export (K Unit), and Import (K Unit)
  • The study delivers a comprehensive analysis of global respiratory care devices market by type, application, end-use, and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global respiratory care devices market. This report incorporates the industry analysis which is focused on providing an extensive view of the respiratory care devices market.
  • The study also includes attractiveness analysis of type, application, end-use, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the respiratory care devices market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
 

2. Research Methodology and Assumptions
 

3. Executive Summary
 

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By End Use
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing prevalence of asthma
          5.2.2. Rising geriatric population across the globe
          5.2.3. Increasing global pandemic such as Covid-19
    5.3. Restrains
          5.3.1. High prices of respiratory care devices
          5.3.2. High initial investment for the installation of respiratory care devices
    5.4. Opportunities
          5.4.1. Increasing research and development activities
          5.4.2. Growing technological development in the respiratory care devices market
    5.5. Challenges
          5.5.1. Stringent government regulations on medical devices
          5.5.2. Budget constraints of small hospitals
 

6. Global Respiratory Care Devices Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Monitoring Devices
          6.2.1. Pulse Oximeters
          6.2.2. Capnographs
          6.2.3. Gas Analyzers
    6.3. Therapeutic Devices
          6.3.1. Spirometers
          6.3.2. Polysomnography Devices
          6.3.3. Peak Flow Meters
          6.3.4. Others
    6.4. Diagnostic Devices
          6.4.1. PAP Devices
          6.4.2. Ventilators
          6.4.3. Nebulizers
          6.4.4. Humidifiers
          6.4.5. Oxygen Concentrators
          6.4.6. Inhalers
          6.4.7. Reusable Resuscitators
          6.4.8. Nitric Oxide Delivery Units
          6.4.9. Oxygen Hoods
    6.5. Consumables and Accessories
          6.5.1. Masks
          6.5.2. Disposable Resuscitators
          6.5.3. Breathing Circuits
          6.5.4. Tracheostomy Tubes
          6.5.5. Nasal Cannulas
          6.5.6. Other
 

7. Global Respiratory Care Devices Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Asthma
    7.3. Sleep Apnea
    7.4. Infectious Disease
    7.5. Other Diseases
 

8. Global Respiratory Care Devices Market Analysis and Forecast, By End Use
    8.1. Segment Overview
    8.2. Hospitals
    8.3. Home Care Settings
    8.4. Ambulatory Surgery Centers (ASCs)
 

9. Global Respiratory Care Devices Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
 

10. Global Respiratory Care Devices Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Respiratory Care Devices Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
 

11. Company Profiles
    11.1. Philips Healthcare
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. ResMed Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Medtronic plc
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Masimo Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Fisher & Paykel Healthcare Corporation Limited
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Chart Industries
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Drager AG
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Invacare Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Getinge AB
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Getinge AB
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Hamilton Medical AG
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Vyaire Medical
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. GE Healthcare
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Nonin Medical Inc.
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. Smiths Group
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis


List of Table

1. Global Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

2. Global Monitoring Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

3. Global Diagnosis Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

4. Global Therapeutic Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

5. Global Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

6. Global Asthma, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

7. Global Sleep Apnea, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

8. Global Infectious Disease, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

9. Global Other Diseases, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

10. Global Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

11. Global Hospitals, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

12. Global Home Care Settings, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

13. Global Ambulatory Care Center, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

14. Global Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)

15. North America Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

16. North America Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

17. North America Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

18. U.S. Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

19. U.S. Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

20. U.S. Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

21. Canada Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

22. Canada Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

23. Canada Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

24. Mexico Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

25. Mexico Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

26. Mexico Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

27. Europe Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

28. Europe Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

29. Europe Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

30. Germany Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

31. Germany Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

32. Germany Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

33. France Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

34. France Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

35. France Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

36. U.K. Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

37. U.K. Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

38. U.K. Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

39. Italy Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

40. Italy Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

41. Italy Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

42. Spain Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

43. Spain Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

44. Spain Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

45. Asia Pacific Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

46. Asia Pacific Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

47. Asia Pacific Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

48. Japan Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

49. Japan Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

50. Japan Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

51. China Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

52. China Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

53. China Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

54. India Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

55. India Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

56. India Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

57. South America Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

58. South America Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

59. South America Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

60. Brazil Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

61. Brazil Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

62. Brazil Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

63. Middle East and Africa Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

64. Middle East and Africa Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

65. Middle East and Africa Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

66. UAE Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

67. UAE Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

68. UAE Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

69. South Africa Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)

70. South Africa Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)

71. South Africa Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)

 

List of Figures 

1. Global Respiratory Care Devices Market Segmentation

2. Respiratory Care Devices Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Respiratory Care Devices Market Attractiveness Analysis By Type

9. Global Respiratory Care Devices Market Attractiveness Analysis By Application

10. Global Respiratory Care Devices Market Attractiveness Analysis By End Use

11. Global Respiratory Care Devices Market Attractiveness Analysis By Region

12. Global Respiratory Care Devices Market: Dynamics

13. Global Respiratory Care Devices Market Share By Type(2020 & 2027)

14. Global Respiratory Care Devices Market Share By End Use(2020 & 2027)

15. Global Respiratory Care Devices Market Share by Regions (2020 & 2027)

16. Global Respiratory Care Devices Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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