Global Respiratory Care Devices Industry (2020 to 2027) - Market Trajectory and Analytics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 8, 2021--
The “Respiratory Care Devices - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Respiratory Care Devices estimated at US$16.6 Billion in the year 2020, is projected to reach a revised size of US$25.2 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027.
Therapeutic Devices, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monitoring Devices segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 9.5% CAGR
The Respiratory Care Devices market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Diagnostic Devices Segment to Record 5.2% CAGR
In the global Diagnostic Devices segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$863 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.
Select Competitors (Total 158 Featured):
- 3B Medical, Inc.
- Acare Technology Co., Ltd.
- Allied Healthcare Products, Inc.
- Becton, Dickinson and Company
- Chart Industries, Inc.
- Draegerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Corporation Ltd.
- Hamilton Medical AG
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- Masimo Corporation
- Medline Industries, Inc.
- Medtronic PLC
- Philips India Ltd.
- ResMed Corporation
- Rotech Healthcare, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/95edyv
View source version on businesswire.com:https://www.businesswire.com/news/home/20211008005165/en/
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INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
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PUB: 10/08/2021 06:15 AM/DISC: 10/08/2021 06:17 AM