North America Pulmonary Devices Market Overview, Top Key Players, Market Growth Analysis by Forecast to 2027
The North America pulmonary devices market is expected to reach US$ 16,637.44 million by 2027 from US$ 7,581.04 million in 2019. The market is anticipated to grow at a CAGR of 10.3% during 2019–2027. The rising number of COVID-19 cases and increasing prevalence of respiratory diseases are the major factors expected to boost the growth of the pulmonary devices market in North America. However, the market is likely to get impacted by the risk factor such as unfavorable reimbursement scenario associated with respiratory devices during the forecast period.
The List of Companies
- ResMed
- Masimo
- Invacare Corporation
- Koninklijke Philips N.V.
- Getinge AB
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Pulmonary and Respiratory Devices Overview
Pulmonary and respiratory devices play a crucial role in managing respiratory conditions such as chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, and infectious diseases. These medical devices assist in the diagnosis, treatment, control, and management of respiratory disorders by helping remove mucus and secretions from the airways. They are essential for improving patient outcomes and quality of life.
North America Pulmonary Devices: Strategic Insights
The North America pulmonary devices market is shaped by evolving trends, key industry players, and regional dynamics. Strategic insights provide a data-driven analysis of the industry landscape, enabling stakeholders—including investors, manufacturers, and healthcare providers—to identify untapped market segments and develop unique value propositions. By leveraging data analytics, businesses can anticipate market shifts, adapt to emerging opportunities, and position themselves for long-term success. A future-oriented approach helps industry players stay competitive and make informed decisions that drive growth and profitability.
North America Pulmonary Devices: Regional Insights
Understanding the geographic landscape of the North America pulmonary devices market is essential for businesses looking to expand and compete effectively. Local distinctions such as consumer preferences (e.g., demand for specific plug types or battery backup durations), economic conditions, and regulatory requirements vary across regions. Tailoring strategies to these regional differences allows businesses to optimize resource allocation, refine marketing campaigns, and enhance their competitive positioning. Identifying underserved areas or adapting product offerings to meet local needs can drive market expansion and business success.
Key Market Segments
- By Type: The therapeutic devices segment held the largest share of the North America pulmonary devices market in 2019.
- By Application: Chronic obstructive pulmonary disease (COPD) was the leading application segment in 2019.
- By End User: Hospitals accounted for the largest share of the market in 2019.
This market landscape highlights the growing demand for pulmonary devices and the need for strategic adaptation to regional and industry trends.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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