REPORT DESCRIPTION The European respiratory care devices market was expected to be worth $3 billion in 2010 and is estimated to reach $5.8 billion by 2015, growing at a CAGR of 14.08% from 2010-2015. A respiratory device is a medical device which is used to provide medication or assist a person who is having a difficulty in breathing and cannot achieve adequate oxygen levels to maintain life. Rise in growth of chronic pulmonary diseases, Increase in ageing population, Hi-Tech software for respiratory devices,Increase in number of hospitals are the major driving factors for the growth of the market. Other factors for the market growth being Increased government funding for emerging market and growing demand for the home healthcare equipment. In future market is going to affected by a reduction in reimbursement frequency and competitive bidding introduced under so- called obamacare. The market is also constrained by pricing pressure, lack of diagnosis, and complications. Further, increased use of Minimally invasive techniques has hindered the growth of the market. But the fall would be restricted to an extent by an increase in the number of new patients opting for CPAP. The report analyses the market segmentation based on type of products i. e Respiratory care diagnostic devices( Spirometers, Peak flow meters, Polysmnography), Respiratory care therapeutic devices(Humidifiers, Nebulizers,Oxygen concentrators, Positive airway devices, Ventilators),Preterm respiratory care devices( Infant ventilator, Oxygen hood, Nasal CPAP,ECMO, Nitric oxide delivery unit), Positive airway pressure devices command the largest share in the respiratory care therapeutic devices segment. Based on geography market is divided into France, Germany, Italy, Spain, Swedan. Major companies discussed in the report are Hamiltion Medical, Pari, Intersurgical, Vital Signs(GE), Aerogen etc.
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