United Kingdom Respiratory Care Device Market May Register an Impressive Growth Through 2027
The
rising geriatric population along with the rising rate of heart attacks across
the United Kingdom is driving the growth of the United Kingdom respiratory care
device marketin the upcoming five years.
According
to TechSci report on, “United Kingdom Respiratory
care device market- By Region, Competition Forecast &
Opportunities, 2027”, the United Kingdom respiratory care device
market may flourish with an impressive CAGR during the forecast period of
2023-2027, due to the proliferating numbers of several pulmonary diseases such
as asthma, lung cancer, bronchitis, COPD, etc. Additionally, the rising carbon
emissions, degrading air quality, and bad lifestyle choices such as high
alcohol consumption and smoking are also the primary reasons for the increasing
cases of pulmonary diseases. As a result, the demand for respiratory care
devices is augmenting across the region. Furthermore, the growing preference
for home-based respiratory care devices is providing lucrative growth
opportunities to the market players. Home-based devices and therapeutics reduce
hospital visits and the associated costs and provide speedy recovery at home
only. For instance, nebulizers are extensively utilized by asthma patients in
case of shortness of breath.
Moreover, key market players are focusing on
advancing therapeutics and inhaling medicines to increase their effectiveness.
Apart from this, the improved affordability of respiratory medical devices and
several subsidies and financial incentives provided by the UK government is
providing a positive outlook to the market. For instance, In Britain, there is
a state-funded system known as NHS (National Health Service), which covers
everything from an ambulance ride to emergency room visits, hospital stays,
complex surgeries, therapies, and so on. About 18% of a citizen’s income tax
goes to healthcare, and the medical coverage is paid by general taxation. All
these abovementioned factors are expected to propel the demand for Respiratory
care devices in the United Kingdom over the coming years.
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The United Kingdom respiratory care device
market is segmented by product type, indication, end users, competitional
landscape, and regional distribution. Based on product type, the market is
further segmented into therapeutic devices, monitoring devices, diagnostic
devices, and consumables & accessories. Among these therapeutic devices
segment is expected to lead the market over the forecast years. The therapeutic
devices are further segmented into nebulizers, oxygen concentrators,
humidifiers, positive airway pressure (PAP) devices, reusable resuscitators,
ventilators, inhalers, masks, nitric oxide delivery units, and oxygen hoods
Inhalers. Inhalers are widely utilized in the treatment of both major and minor
respiratory ailments. They are categorized as dry-powder inhalers (DPIs) and
metered-dose inhalers (MDIs), which are equipped with counted doses of puffs.
The bolstering cases of asthma are primarily driving the growth of the United
Kingdom inhalers market in the forecast period.
By indication, the market is bifurcated into
chronic obstructive pulmonary disease, sleep apnea, asthma, infectious
diseases, and others. COPD held the largest market share in the recent years
and is expected to remain dominant over the coming years. The rising cases of
COPD can be attributed to the increasing prevalence of smoking, high carbon
footprints, and other environmental factors. Furthermore, the recent outbreak
of COVID-19 has also impacted COPD patients. However, they are not at a risk of
contracting the infection, but it can seriously affect such patients.
Therefore, the growing prevalence of COPD and the proliferating number of
deaths caused by COPD are anticipated to propel the demand for respiratory care
devices in the United Kingdom during the forecast period.
Based on the end user, the United Kingdom
respiratory care device market is fragmented into hospitals & clinics,
ambulatory care centers, and others. Among these, the hospitals & clinics
segment is expected to hold the largest market share over the coming years.
This is primarily because hospitals usually have fully developed infrastructure
with technologically advanced medical devices and equipment required to deal
with ailments like COPD, lung cancer, etc. Moreover, hospitals and clinics
offer better care due to the presence of highly skilled professionals and
nursing staff. In line with this, the rising focus on upgrading the healthcare
infrastructure is expected to fuel this segment of the United Kingdom
respiratory care device market.
A list of major
market players of the United Kingdom respiratory care device market includes:
- Medtronic United Kingdom
- Philips Medical Systems UK Limited
- GE Healthcare UK Limited
- Invacare UK Limited
- Drive DeVilbiss Limited
- ResMed UK Limited
- Getinge UK Limited
- Becton Dickinson U.K. Limited
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“Rapid
advancements the development of respiratory care devices is strengthening the market
growth. Leading companies are introducing devices that incorporate a unique
drug delivery design that accelerates the recovery process. For instance, in
April 2020, Philips introduced PHILIPS RESPIRONICS E30 VENTILATOR which will
help the healthcare professionals by providing superior quality ventilators.
Apart from this, with the development and improvement in the healthcare
infrastructures, free treatment availability in Britain, and the expansion of
distribution networks, is providing a positive outlook to the United Kingdom
respiratory care device market. New market players are advised to take
strategic decisions and engage in mergers and acquisitions to expand their market
base and increase their product portfolio I order to establish their brand in
the United Kingdom,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United Kingdom Respiratory Care Device Market, By
Product Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices,
Consumables & Accessories), By Indication (Chronic Obstructive Pulmonary
Disease, Sleep Apnea, Asthma, Infectious Diseases, Others), By End User
(Hospitals & Clinics, Ambulatory Care Centers, Others) By Region,
Competition Forecast & Opportunities, 2027” has evaluated
the future growth potential of United Kingdom respiratory care device market
and provides statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United Kingdom stent market.
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