Global Breathing Disorders Treatment Market – Overview
Breathing disorders are ailments that are associated with disruptions in normal breathing pattern. These breathing disorders includes conditions of the upper respiratory tract, pulmonary pleura, bronchi, bronchioles, trachea, pleural cavity, and muscles of the respiratory tract.
Breathing disorders can be caused by smoking, long term exposure to irritants such as any harsh chemical or industrial dust, neonatal chronic lung disease, or could be genetically inherited.
The market for breathing disorders treatment is growing a healthy growth due to a host of factors such as increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease and asthma.
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According to American Academy of Allergy Asthma & Immunology, prevalence of asthma is likely to grow by 100 million by 2025.This rising case of asthma is likely to enhance the growth of breathing disorders treatment market.
However, factors such as lack of awareness of respiratory conditions which leads to a large undiagnosed population are likely to hamper the growth of breathing disorders treatment market.
Leading Key Players
There are various market players operating in the global breathing disorders treatment market. Some of the key market players in this market are: PhiliResMed Inc., Masimo Corporation, Becton, Dickinson and Company, Philips Healthcare Chart Industries, Inc., Medtronic plc, and Hamilton Medical AG.
Global Breathing Disorders Treatment Market – Segmentation
The global breathing disorders and treatment market has been segmented on the basis of type by test, indication and end-users. Based on type of test, the breathing disorder and treatment market is segmented into imaging test, spirometry, lung volume test and others.
Based on indication, the breathing disorders and treatment market is segmented into asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis (CF) and others. Based on end-users, the breathing disorders and treatment market is segmented into hospital, clinics, physician offices and others.
Market Drivers and Restraints
Increasing air pollution is one of the major causes that are triggering breathing disorders and respiratory diseases in highly populated regions. Rise in prevalence of breathing disorders caused due to anthropogenic activities and other factors are inducing high demand for effective treatments all over the world, which in turn is fueling the growth of the global breathing disorders and treatment market.
Proliferation in the incidences of respiratory diseases caused due to tobacco smoking and spreading of infectious diseases are propelling the expansion of the global breathing disorders and treatment market.
However, lack of awareness, complexations in diagnosis of the cause of breathing disorders and lack of primary health care facilities in the underdeveloped regions are likely to create hindrance in the growth of the global breathing disorders and treatment market during the forecast period.
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Detailed Regional Analysis
Geographically, breathing disorders treatment market is segmented into four key regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa. Globally, the U.S. is the largest market for breathing disorders treatment owing to increasing incidence of asthma and chronic obstructive pulmonary disease (COPD), growing industrialization and rising pollution, growing adoption for self-administration, and increasing need for technological advancements.
According to a recent survey around 1,410 people died of asthma in UK. Additionally, National Health Services spends around USD 1 billion yearly for treatment of asthma. According to a UCB Institute of Allergy in Belgium, rates in prevalence of asthma has doubled in ten years.
Asia pacific region is expected to be fastest growing region in breathing disorders treatment market owing to its growing population and increasing healthcare expenditure and demand for new treatment options fuel the market growth.
On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare resources and lack of awareness about rare diseases. In the Middle East, the growth of the market is driven by increasing availability new diagnostic and treatment methods.
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