RESPIRATORY AIR CONDITIONING DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Increasing prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis, and sometimes death of patients due to respiratory diseases are expected to drive growth of the respiratory air conditioning devices market. According to the World Health Organization (WHO) factsheet published in May 2018, chronic obstructive pulmonary disease and lower respiratory tract infection are amongst the top five chronic diseases that causes highest number of global death. There were around 3 million deaths due to chronic obstructive pulmonary disease in 2016. Lower respiratory tract infection also causes around 3 million deaths worldwide. Worsening of this disease leads to acute respiratory failure. Managing these diseases require the support of respiratory humidifiers and heaters, in order to avoid further complications and infections due to unconditioned air. According to a study published in the New England Journal of Medicine in 2015, heated humidifier therapy has shown to improve patient outcomes and reduce mortality rates compared to non-invasive ventilation and standard oxygen therapy. Therefore, these factors are expected to boost growth of the global respiratory air conditioning devices market. New product launches would further propel the market demand for respiratory air conditioning devices. For instance, in October 2015, Teleflex launched Hudson RCI Comfort Flo plus High Flow Nasal Cannula, which expands the company’s portfolio of heated high flow nasal cannula therapy (HFNCT) solutions.