Quick Overview of the Asia-Pacific Digital Respiratory Device Market Analysis
The Asia-Pacific Digital Respiratory Device Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Asia-Pacific Digital Respiratory Device Industry (2023-28): Reveals Further Growth &Market Expansion
According to the most recent study, the Asia-Pacific Digital Respiratory Device Market is projected to grow at a CAGR of around 36.2% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023-28.
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Asia-Pacific Digital Respiratory Device Market Key Driver:
Increasing Prevalence of Chronic Respiratory Diseases Across APAC - COVID-19 came as a shock to the economies in the APAC region as the healthcare infrastructure was not comparable to the global benchmarks. This outbreak ultimately resulted in an increased number of patients suffering from respiratory ailments. China has the most significant number of chronic obstructive pulmonary disease incidences due to the rising aging population. As of Jan 2020, around 41.3% population in China were aged over 60 years of age, says United Nations (UN). Owing to alarming levels of air pollution, exposure to chemicals, an aging population, and rising smoking habit among inhabitants, the rate of frequency of diseases such as chronic pulmonary diseases (COPD) and asthma is growing among the people in the region. Such increasing prevalence of diseases would positively influence the supplies of respiratory devices in the forecast period.
Asia-Pacific Digital Respiratory Device Market Segmentation Analysis
-By Device Type
· Therapeutic Devices
· Diagnostics Monitoring Devices
· Consumables and Accessories
· Respiratory Therapy Wearable Medical Device
· Disposables
-By End-User
· Homecare
· Hospitals and Clinics
· Ambulatory Care Centers
-By Application
· Chronic Obstructive Pulmonary Disease
· Sleep Apnea
· Asthma
· Infectious Disease
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Geographical Analysis:
-By Country
· China
· India
· Japan
· Australia
· New Zealand
· South Korea
· Rest of Asia-Pacific
Key Players and Competitive Strategies in the Asia-Pacific Digital Respiratory Device Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
· Philips
· 3M Healthcare
· Astra Zenca Plc.
· Novartis AG
· GE Healthcare
· Masimo Corporation
· Cipla Ltd.
· Resmed Ltd.
· Teva Pharmaceuticals Industries Ltd.
· Acorda Therapeutics
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Asia-Pacific Digital Respiratory Device Industry Recent Developments
· In November 2022, Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. declared a new collaboration with HealthSnap, a leading full-service Virtual Care Management Platform for chronic disease management.
· In Feb 2022, Astra Zeneca Plc. and Honeywell came into a partnership to develop next-generation respiratory inhalers via the propellant HFO-1234ze, which has up to 99.9% less global warming potential (GWP) than propellants currently used in respiratory medicines.
Key Report Highlights
· Market Dimensions & Projections
· Pricing Evaluation,
· Recent Strategic Moves by Companies,
· Competitive Landscape Assessment,
· Emerging Opportunities,
· Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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