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South Korea Respiratory Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 4997361
  • Report
  • March 2020
  • Region: South Korea
  • 85 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Dragerwerk AG
  • GE Healthcare
  • GlaxoSmithKline PLC
  • Invacare Corporation
  • Koninklijke Philips NV
  • Medtronic PLC
The market for respiratory devices has been increasing in South Korea primarily due to increasing prevalence of increasing prevalence of respiratory disorders, such as COPD, TB, Asthma, respiratory tract infections, and Sleep Apnea.

The prevalence of chronic obstructive pulmonary disease (COPD) in the adult population in South Korea was found to be between 13.1% to 14.6% in 2016, as per a report by Hyoung Kyu Yoon et al., published in Journal of the Korean Medical Association 2018. Moreover, the report states that the prevalence of COPD is increasing continuously that is increasing the adoption of the respiratory devices.

Owing to the rapid advancements in the devices, the population has benefited with the new technologies which are more effective. This has propelled the growth of the market even further.

Key Market Trends

Inhalers as Therapeutic devices are Expected to Register High Growth in the Forecast Period

There has been an increasing prevalence of COPD cases seen increasing continuously that has helped in the adoption of inhalers. Inhalers are very common among asthma patients as a delivery method. There are COPD inhalers that are hand-held, portable devices that deliver medication to lungs. A variety of COPD inhalers are available to help control COPD symptoms. Hence as the prevalence of COPD increases in South Korea, the demand for inhalers is expected to increase as well. This is expected to help the market growth in the region.

Competitive Landscape

The respiratory devices market consists of several major players, but South Korea still has few major players in the market. The companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition and partnerships that help them in strengthening their market position.

Reasons to Purchase this report:
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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Dragerwerk AG
  • GE Healthcare
  • GlaxoSmithKline PLC
  • Invacare Corporation
  • Koninklijke Philips NV
  • Medtronic PLC

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, Asthma, and Sleep Apnea
4.2.2 Technological Advancements and Increasing Applications in Homecare Setting
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 By Diagnostic and Monitoring Devices
5.1.1.1 Spirometers
5.1.1.2 Sleep Test Devices
5.1.1.3 Other Diagnostic and Monitoring Devices
5.1.2 By Therapeutic Devices
5.1.2.1 Positive Airway Pressure (PAP) Devices
5.1.2.2 Humidifiers
5.1.2.3 Nebulizers
5.1.2.4 Ventilators
5.1.2.5 Inhalers
5.1.2.6 Other Therapeutic Devices
5.1.3 By Disposables
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dragerwerk AG
6.1.2 Fisher & Paykel Healthcare Ltd
6.1.3 GE Healthcare
6.1.4 GlaxoSmithKline PLC
6.1.5 Invacare Corporation
6.1.6 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 ResMed Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Dragerwerk AG
  • Fisher & Paykel Healthcare Ltd
  • GE Healthcare
  • GlaxoSmithKline PLC
  • Invacare Corporation
  • Koninklijke Philips NV
  • Medtronic PLC
  • ResMed Inc
Note: Product cover images may vary from those shown

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