Growth in demand for home healthcare, rising prevalence of respiratory diseases globally, a growing number of surgical procedures, the growth in geriatric population and the increase in healthcare expenditure in developing countries are the major factor driving the growth for the target market. The high cost of advance product restrains the market growth.Digital respiratory devices market is projected to grow from US $6.7 billion in 20 to US$ 20.4 billion by 2029.

The report "Global Digital Respiratory Devices Market, By Type (By Diagnostic and Monitoring Devices, By Therapeutic Devices, By Disposables), By End User (Hospital, Home Care), and By Region - Global Forecast to 2029".

. Key Highlights:

• In December 2019, Affidea and GE Healthcare get into a $100 million technology partnership agreement for advanced imaging fleet, digital workflow solutions and contrast media
• In October 2019, CyberMDX Finds Security Vulnerability in GE Anesthesia and Respiratory Devices. The CyberMDX research team found this vulnerability in the protocol of GE Aestiva and GE Aespire devices (models 7100 and 7900)

Key Market Insights from the report:        

Digital respiratory devices market accounted for US$ 6.7 billion in 2019 and is projected to register a moderate CAGR of 13.10% over the forecast period. The market report has been segmented based on application, product, type and end-users and region.

• By Type digital respiratory devices market is classified in to by diagnostic and monitoring devices (spirometers, sleep test devices, peak flow meters, pulse oximeters, capnography, and other diagnostic and monitoring devices), by therapeutic Devices (CPAP devices, BIPAP devices, humidifiers, nebulizers, oxygen concentrators, ventilators, inhalers, and other therapeutic devices.
• By End-user digital respiratory devices market is classified into hospital, and home care.
• By Region, North America dominates the market. Owing to continuous R&D investments, supportive government initiatives are the factor driving the growth for the target market. Additionally rising geriatric population, high prevalence of smoking and respiratory diseases, and the presence of a highly developed healthcare system Are some major factor driving the growth of the target market in the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Digital respiratory devices Market by Type (By Diagnostic and Monitoring Devices, By Therapeutic Devices, By Disposables), End-User (Hospital, Home Care), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029"

The key players operating the Digital respiratory devices market involves Chart Industries Inc, DeVilbiss Healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare, GlaxoSmithKline PLC, Invacare Corporation, Koninklijke Philips NV, Medtronic PLC, and ResMed Inc. The key players in the market are focusing on merger and acquisition strategy.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing and business strategy, and solutions development company which offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com