Asia-Pacific Digital Respiratory Medical Device Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Asia-Pacific Digital Respiratory Device Market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.COVID-19 Pandemic and Chronic Respiratory Diseases Promulgating Digital Respiratory Device Market in Asia-Pacific
COVID-19 to Give Massive Boost to Digital Respiratory Device Market in the Asia Pacific
The sudden breakout of the COVID-19 pandemic in China and its spill-over to the other countries in the Asia-Pacific has induced the demand for Digital Respiratory Medical Devices at an exponential rate. The rise in death toll and the number of infected individuals would push the governments and private healthcare players toward the adoption of more sophisticated respiratory medical devices used in the detection, prevention, and monitoring of such viral pandemics. Therefore, the demand is expected to proliferate in the forthcoming years as the precautionary healthcare spending in all the countries is set to snowball to a considerable extent.
According to this research report titled “Asia Pacific Digital Respiratory Device Market Analysis, 2020”, the Asia-Pacific Digital Respiratory Device Market is anticipated to grow at a CAGR of around 30% during 2020-25. Due to the advent of new technological advancements in emerging economies coupled with bolstering public awareness the healthcare expenditure has been increasing. Also, the surging use of digital medical technology and devices by patients is expected to further escalate the demand for digital respiratory medical devices market in the Asia-Pacific region.
Increasing Chronic Respiratory Diseases is Amplifying the Growth in the Region
COVID-19 has suddenly shocked the economies in the APAC region where the healthcare infrastructure is not comparable to the global benchmarks. The sudden surge of the pandemic has increased the patients suffering from respiratory ailments. China is considered has the largest number of incidences of chronic obstructive pulmonary diseases owing to the rising aging population. As of Jan 2020, around 41.3% population in China and the Province of China were aged over 60 years of age according to United National (UN). Owing to alarming levels of air pollution, exposure to chemicals, aging population, rising smoking habit in inhabitants, etc., the rate of frequency of diseases such as chronic pulmonary diseases (COPD) and asthma is growing among the population in the region. Therefore, the therapeutic devices segment is leading the market by the largest market share as stated in the research report “Asia-Pacific Digital Respiratory Device Market Analysis, 2020”.
India Showing Progressive Growth in the Region
Among India’s 1.31 billion people, about 6% of children and 2% of adults have asthma. Due to rapid urbanization and continuous increasing population awareness, the usage of digital medical devices has increased over the years. Moreover, with the widespread presence of other respiratory diseases, such as chronic bronchitis, emphysema, and COPD, the Indian government is taking initiatives to mitigate the respiratory ailments with improving medical facilities in the country.
According to the publisher, the key players with a considerable market share in the Asia-Pacific Digital Respiratory Device Market include Philips, 3M Healthcare, Astra Zeneca Plc., Novartis AG, GE Healthcare, Masimo Corporation, Cipla Ltd., Resmed Ltd., Teva Pharmaceuticals Industries Ltd., Acorda Therapeutics, etc.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Asia-Pacific Digital Respiratory Device Market?
2. What are the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Asia-Pacific Digital Respiratory Device Market?
4. Who are the key competitors or market players and how they perform in the Asia-Pacific Digital Respiratory Device Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Asia-Pacific Digital Respiratory Device Market study?
Table of Contents
1. Introduction
4. Asia-Pacific Digital Respiratory Device Market Outlook, 2015-2025F
5. Asia Pacific Digital Respiratory Medical Device Market Outlook, 2015-2025F
6. Asia-Pacific Digital Respiratory Device Dynamics
11. Competition Outlook
Companies Mentioned
- Philips
- 3M Healthcare
- Astra Zeneca Plc.
- Novartis AG
- GE Healthcare
- Masimo Corporation
- Cipla Ltd.
- Resmed Ltd.
- Teva Pharmaceuticals Industries Ltd.
- Acorda Therapeutics
Methodology
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