Tag: Market research
Market for respiratory devices to hit $21.3B in five years
March 3, 2017HME News Staff
PORTLAND, Ore. - The global respiratory care device market was valued at $12.8 billion in 2015 and is projected to value $21.3 billion by 2022, according to a report published by Allied Market Research in February. That represents a CAGR of 7.4% from 2016 to 2022. Dominating the market, according to the report: the therapeutic segment, which accounted for more than half of the total market share in 2015. “The global respiratory care devices market is driven by factors such as increase in prevalence...
POC market poised to grow
November 15, 2016HME News Staff
VALLEY COTTAGE, N.Y. - The global portable oxygen concentrators market is projected to grow at a CAGR of 7.8% in terms of revenue over the forecast period 2016-26, according to Future Market Insights. “Rising prevalence of COPD, growing consumer awareness of oxygen therapy devices and changing consumer lifestyle are reasons (that) have escalated demand for portable oxygen concentrators in the near future,” the consulting firm says. Future Market Insights also credits adoption of new technologies...