Global Respiratory Care Device market will reach 33100 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/23

Due to the growing occurrences of respiratory diseases and increasing elderly population the global respiratory care device market is expected to fuel the growth of the global market for respiratory care device in the near future. Rising demand for home care therapeutic devices and the growing popularity of point-of-care diagnostics are some of the other factors that are expected to drive the growth of the market during the forecasted period. Besides, increasing incidences of smoking, growing pollution levels, rising urbanization and changing lifestyle of the consumers are some of the significant factors that are driving the growth of the respiratory care device market.

However, the excised tax levied on devices, lack of consumer awareness, and the risks involved in the therapeutic devices for neonates are the factors that create a negative impact on the growth of the global respiratory care device market over the predicted period.

The Respiratory Care Device market was valued at 16900 Million US$ in 2017 and is projected to reach 33100 Million US$ by 2025, at a CAGR of 8.8% during the forecast period.

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