(
EMAILWIRE.COM, August 30, 2017 ) The
Latin America Respiratory Devices Market was worth $1.58 billion in 2016 and estimated to be growing at a CAGR of 8.74%, to reach $2.40 billion by 2021. People with respiratory disorders entail the need for respiratory devices.
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Respiratory devices are medical devices that are used to aid patients who are suffering from respiratory problems and cannot attain sufficient oxygen levels to sustain life. The devices are used in chronic obstructive pulmonary diseases (COPD), a deteriorating lung disease which mainly includes chronic bronchitis, and emphysema.
The growth of the Latin America Respiratory Devices Market is mainly driven by factors such as an increase in the prevalence of respiratory diseases such as asthma and COPD, increasing disposable income, and rising aging population. However, poor accessibility of proper care, and high costs associated with the purchase and operation of such devices are the main factors hindering the growth of the market in this region.
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Market Segmentation
• By Type
• By Therapeutic Devices
o BI-PAP Devices
o Nebulizers
o Ventilators
o Resuscitators
o CPAP Devices
o Humidifiers
o Oxygen Concentrators
o Inhalers
• By Diagnostic and Monitoring Devices
o Sleep Test Devices
o Pulse Oximeter
o Spirometers
o Peak Flow Meters
o Capnographs
• By Disposables
o Cannulas
o Filters
o Masks
o Tubes
o Breathing Circuits
• By End Users
o Hospitals
o Home Care
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Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil accounts for the major part of the Respiratory Devices market in this region followed by Argentina. Other important markets in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
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Some of the major companies dominating this market are Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Covidien plc, and CareFusion Corporation.
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