According to a CompaniesandMarkets.com news report, a change in lifestyle habits and increasing environmental pollution are behind the global rise in diagnosed cases of respiratory dysfunction, which in turn is driving the market for respiratory care devices which can serve patients at home.
Factors such as rising populations, an overall increase in prosperity, and the dissemination of Western culture across the world is leading to a downturn in healthy lifestyles and promoting an increase in destructive habits, such as smoking, according to new research.
The CompaniesandMarkets.com news report notes that the Asia-Pacific region is emerging as the market leader in in provision of respiratory care equipment and supplies, with a compound annual growth rate (CAGR) of 7.9% projected by 2020.
However, the United States continues to dominate the global market and is contributing significantly to the current estimate of the respiratory care equipment market to reach a market worth of $17.9Bn by 2020. CompaniesandMarkets.com reports that the demand for more accessible and user-friendly devices is contributing the most to the surge in respiratory care supply provision.
In addition, the CompaniesandMarkets.com news report indicates that rising health costs as well as a desire for non-invasive and more accurately monitored healthcare systems, are also behind this drive in demand for home-based respiratory healthcare solutions. Also, with an increased awareness surrounding the risks of infection, the non-invasive home-based respiratory solutions are also being increasingly favored over more traditional hospital-based methods.
Additionally, with improvements in customer-hospital healthcare technology, healthcare professionals are increasingly able to monitor and study the patients at home. Essentially, the CompaniesandMarkets.com news report indicates that as long as the duration and follow up treatments to these respiratory-based chronic illnesses are continuing to be monitored at a professional level, the advanced respiratory homecare solutions market should continue to rise along with demographic trends and patient demands.