Albany, NY -- (SBWIRE) -- 07/16/2018 -- A new detailed study titled "Respiratory Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global respiratory devices market is likely to grow at a CAGR of 6.5% during the assessment period 2018-2026, and reach a valuation of nearly US$ 31 Bn by the end of the forecast period.

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The research study sheds light on the key factors driving the growth of the respiratory devices market during the assessment period. According to the study, increasing prevalence of respiratory disorders, combined with growing investments in procuring advanced devices are likely to provide an impetus to the growth of the market during the assessment period. The growing focus of emerging countries to provide quality care and services to their citizens is also likely to provide an impetus to growth during the assessment period.

The report segments the global respiratory devices market into therapeutic devices market, application market, diagnostic & monitoring devices market and product market and region market.

The therapeutic devices segment is further divided into drug delivery devices, continuous positive airway pressure (CPAP), humidifiers, oxygen concentrators, mechanical ventilators, resuscitators, airway clearance devices, consumables & disposables and others. The drug delivery devices is bifurcated into nebulizers and inhalers, mechanical ventilators into invasive and non-invasive, resuscitators into reusable and disposables and continuous positive airway pressure (CPAP) devices and disposables.

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The application segment is sub-segmented into asthma, respiratory distress syndrome (RDS), pneumonia, chronic obstructive pulmonary disease (COPD), obstructive sleep apnea (OSA) and cystic fibrosis. The diagnostic & monitoring devices segment is categorized into capnographs, polysomnographs (PSG), gas analyzers, pulse oximeters, spirometers, peak flow meters and others.

The product segment is bifurcated into therapeutic devices and diagnostic & monitoring devices. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa. According to the research study, North America is likely to remain at the forefront of adoption of respiratory devices, whereas Asia Pacific is likely to provide sustainable opportunities to players during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are Smiths Medical (part of Smiths Group plc), Dragerwerk AG & Co. KGaA, Getinge AB, Koninklijke Philips N.V., ResMed Inc., Fisher & Paykel Healthcare Limited, ResMed Inc., GE Healthcare (part of General Electric Company), Medtronic plc, Chart Industries and Vyaire Medical Inc. (Becton, Dickinson and Company).

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