RESPIRATORY DEVICES MARKET ANALYSIS

Respiratory Devices Market, By Product Type (Respiratory Consumables, Nebulizers, Oxygen Concentrators, Positive airway pressure devices, Polysomnography Devices, Pulse Oximeters, Mechanical Ventilators, and Spirometers), By Indication (Chronic Obstructive Pulmonary Disease, Asthma, Acute Respiratory Infections, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI1299
Pages :256
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges – Increasing Product Recalls

Increasing number of product recalls by regulatory authorities, such as the U.S. Food and Drug Administration, are expected to hinder the market growth over the forecast period. For instance, in September 2022, the U.S. Food and Drug Administration recalled a class I BiPAP machine, a type of ventilator, which is manufactured by Koninklijke Philips N.V., a medical device company. The device was recalled because the machines may contain plastic in their motors that release volatile organic compounds which have the risk for users inhaling dangerous volatile organic compounds and the plastic could also cause device failure.

Market Opportunities – Increasing Awareness Campaigns

Increasing adoption of inorganic growth strategies such as launch of awareness campaigns. For instance, in November 2022, Reckitt Benckiser Group plc, a U.K.-based multinational consumer goods company, launched a new education and early detection campaign for patients with undiagnosed chronic obstructive pulmonary disease (COPD).

Respiratory Devices Market Report Snapshots