Respiratory Care Devices Market is US$ 30.5 Billion by 2025 | Renub Research
The respiratory care device market is growing year on year due to changing lifestyle, and environmental condition such as pollution, rising geriatric population, increasing number of smokers.
By: Renub Research
Over 235 million people had asthma in the year 2017, according to World Health Organizations' statistics, since then the number of patients is increasing, and demand for respiratory care devices had increased tremendously. Chronic Obstructive Lung Disease (COPD) is one of the leading causes of death in the whole world. One out of five patients will die due to affected by these diseases.
Growth Drivers of Respiratory Care Devices Industry
The respiratory care device market is growing year on year due to changing lifestyle, and environmental condition such as pollution, rising geriatric population, increasing number of smokers, growth in the number of chronic obstructive pulmonary disease patients. Other than the above reasons, various healthcare companies are investing massively for launching new products for the treatment and diagnostics of patients. Individual with the lower immune system such as elderly people and premature child, they can be easily affected by several diseases which results in the requirement for respiratory support devices just like RDS (respiratory distress syndrome), which promote artificial respiration, also prevent respiratory disorders.
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