Asia-Pacific Digital Respiratory Device Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Asia-Pacific Digital Respiratory Device Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Asia-Pacific Digital Respiratory Device Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Asia-Pacific Digital Respiratory Device Market is projected to grow at a CAGR of around 36.2% during the forecast period, i.e., 2023-28.
What are the major Driver the Asia-Pacific Digital Respiratory Device industry?
Increasing Prevalence of Chronic Respiratory Diseases Across APAC - COVID-19 came as a shock to the economies in the APAC region as the healthcare infrastructure was not comparable to the global benchmarks. This outbreak ultimately resulted in an increased number of patients suffering from respiratory ailments. China has the most significant number of chronic obstructive pulmonary disease incidences due to the rising aging population. As of Jan 2020, around 41.3% population in China were aged over 60 years of age, says United Nations (UN). Owing to alarming levels of air pollution, exposure to chemicals, an aging population, and rising smoking habit among inhabitants, the rate of frequency of diseases such as chronic pulmonary diseases (COPD) and asthma is growing among the people in the region. Such increasing prevalence of diseases would positively influence the supplies of respiratory devices in the forecast period.
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What segments define the Asia-Pacific Digital Respiratory Device market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Application
- Chronic Obstructive Pulmonary Disease
- Sleep Apnea
- Asthma
- Infectious Disease
According to report, Among all other indications, Asthma is the most prominent across APAC, thus instigating the demand for related treatment methods in the forecast period.
- By Device Type
- Therapeutic Devices
- CPAP Devices
- BI-PAP Devices
- Humidifiers
- Nebulizers
- Ventilators
- Inhalers
- Oxygen Concentrates
- Resuscitators
- Diagnostics Monitoring Devices
- Spirometers
- Pulse Oximeters
- Consumables and Accessories
- Respiratory Therapy Wearable Medical Device
- Watch and Wristband
- Disposables
- Nasal Cannulas
- Filters
- Breathing Circuits
- By End-User
- Homecare
- Hospitals and Clinics
- Ambulatory Care Centers
According to report, All things considered, Hospitals & Clinics acquired a sizeable portion of the Asia-Pacific Digital Respiratory Device Market and are projected to continue to lead in the same direction over the coming years.
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Geographical Analysis: Asia-Pacific Digital Respiratory Device Market
o China
o India
o Japan
o Australia
o New Zealand
o South Korea
o Rest of Asia-Pacific
Asia-Pacific Digital Respiratory Device Market Share & Competitive Landscape:
The Asia-Pacific Digital Respiratory Device Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Asia-Pacific Digital Respiratory Device Market are:
- Philips
- 3M Healthcare
- Astra Zenca Plc.
- Novartis AG
- GE Healthcare
- Masimo Corporation
- Cipla Ltd.
- Resmed Ltd.
- Teva Pharmaceuticals Industries Ltd.
- Acorda Therapeutics
Asia-Pacific Digital Respiratory Device Industry Recent Development:
- In November 2022, Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. declared a new collaboration with HealthSnap, a leading full-service Virtual Care Management Platform for chronic disease management.
- In Feb 2022, Astra Zeneca Plc. and Honeywell came into a partnership to develop next-generation respiratory inhalers via the propellant HFO-1234ze, which has up to 99.9% less global warming potential (GWP) than propellants currently used in respiratory medicines.
Questions Addressed in this Study
1.What factors are driving the Asia-Pacific Digital Respiratory Device Market growth?
2.How is the Asia-Pacific Digital Respiratory Device Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Asia-Pacific Digital Respiratory Device Market?
4.What is the current size of the Asia-Pacific Digital Respiratory Device Market, and how is it projected to change in the future?
6.What is the future outlook for the Asia-Pacific Digital Respiratory Device Market in terms of technological advancements and market expansion?
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