Increase in prevalence of lung disorders such as asthma, chronic obstructive pulmonary diseases (COPD), and co-morbidities are some of the factors likely to drive the expansion of the breathing exercise devices market during the forecast period, says a new report published by Transparency Market Research. The TMR report titled, “Breathing Circuits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026, ” provides key insights on the breathing circuits market.
The TMR report has bifurcated the global breathing exercise device market in accordance with product, end-user, and region. In terms of product, the breathing exercise device market is split into three flow breathing exercise devices, two flow breathing exercise devices, single flow breathing exercise devices, and disposable incentive spirometers. Of these, the report expects the single flow breathing exercise devices segment to account for a dominant market share owing to the rise in prevalence of asthma and other respiratory disorders.
Based on end-user, the breathing exercise device market is split into hospitals, ambulatory surgical centers, clinics, and others. Among these, the hospitals segment is predicted to hold a majority of market share which is ascribed to increasing patient preference for and availability of technologically advanced products.
On the basis of geographical perspective, the report has segmented the global breathing exercise device market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was a significant region of the global breathing exercise device market in 2017, and this trend is expected to continue during the forecast period, as per the report’s forecast.
The dominance of North America is credited to the presence of a large number of people suffering from depression and increasing government initiatives. As per the report, Europe was also a significant region of the breathing exercise device market in 2017, due to increasing demand for and adoption of technologically advanced products and rise prevalence of respiratory diseases.
Increase in prevalence of lifestyle-related diseases and respiratory diseases and rise in health care expenditure and aging population are some of the factors projected to boost the breathing exercise device market in Asia Pacific during the forecast period, mentions TMR.
Major players operating in the global breathing exercise device market are included in this report to give a better competitive analysis of the market and these are Becton, Dickinson and Company, Cardinal Health Inc. , Smiths Group plc. Teleflex Incorporated, POWERbreathe International Ltd. , and Beijing Konted Medical Technology Co. , Ltd.
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