About Breathing Machines
A breathing machine is an equipment or device that enables breathing during low oxygen levels in the blood. Commonly, breathing machines are more popular in the generic population. Also, the rising number of chronic obstructive pulmonary disease and asthma patients have been supplementing the growth of the market. New launches of portable breathing machines have been growing the home care services that are ultimately driving the operating market. Additionally, increasing research and development activities by established key players, increasing medical tourism and increasing government funding for developing healthcare infrastructure have been enhancing the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.65% |
Competition among existing players is due to the Breathing Machines market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Breathing Machines Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Breathing Machines market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ResMed (United States), Philips Healthcare (Netherlands), Medtronic (Ireland), Becton Dickinson (United States), GE Healthcare (United States), Teijin Pharma (Japan), Draeger India Pvt. Ltd (India), Fisher & Paykel (New Zealand), Invacare (United States) and Mindray (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MEKICS CO., Ltd (South Korea), Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.(Germany), OMRON Corporation (Japan) and Air Liquide (France).
Segmentation Overview
AMA Research has segmented the market of Global Breathing Machines market by , Application (Hospitals & Clinics and Home Healthcare) and Region.
On the basis of geography, the market of Breathing Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Asthma Nebulizers will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mobility , the sub-segment i.e. Portable Devices will boost the Breathing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing New Launches of Portable Breathing Machines by Key Players and Increasing Adoption of Home Health Care Services in North American and European Countries
Market Growth Drivers:
Growing Demand from Increasing Geriatric Population across the Globe and Rising Number of Respiratory Diseases such as Chronic Obstructive Pulmonary Disease and Asthma
Challenges:
Intense Competition among Key players
Restraints:
Strict Government Regulation Associated with Breathing Machines
Opportunities:
Increasing Research and Development Activities by Established Key Players and Increasing Medical Tourism and Increasing Government Funding for Developing Healthcare Infrastructure
Market Leaders and their expansionary development strategies
In August 2019, Hillrom announced that it has entered into a definitive agreement to acquire Breathe Technologies, Inc., developer and manufacturer of a patented wearable, non-invasive ventilation technology that supports improved patient mobility, for a cash consideration of USD130 million.
In October 2022, Australia-based AirPhysio launched its respiratory devices in the city. Former Australian cricketer Brett Lee launched the AirPhysio and Better Breathing product range at an event held here. Suneeta Reddy, managing director of Apollo Hospitals, was present on the occasion.
Key Target Audience
Breathing Machine Manufacturers, Breathing Machine Suppliers and Distributors, Raw Material Suppliers, Private Research Organization, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.