The global respiratory devices market has grown at a significant rate over the past few years and is expected to continue the same trend over the next six years. The longevity of the patient population, increase in chronic obstructive pulmonary disease incidence rate, healthcare cost-cutting efforts, and latest advances in respiratory devices technology are driving growth in the market.
The positive airway pressure devices category is the largest revenue contributing segment in the global respiratory devices market. The global positive airway pressure devices category valued at $2.2 billion in 2008 is forecast to reach $2.4 billion by the end of 2009. Technological trends like smaller and lighter weight of the device, increased battery life are augmenting the growth in the positive airway pressure devices market. Another important trend is the development of patient focused devices which improve comfort and addresses the progressive needs of the patient.
Emergence of home as a healthcare setting is aiding in reducing healthcare costs. Cost advantages associated with home care are the primary driver in leading the movement from hospital care to home care. Factors such as reduced hospital say, increased cost advantages and the comfort and convenience of home care will continue to drive the growth of the home and self care products of the respiratory devices market in the near future.
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