Persistence Market Research, compiled report on ‘Airway Clearance System Market’ delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players during the forecasted timeline.
Persistence Market Research (PMR) has published a new report on airway clearance systems. The report has been titled, “Airway Clearance Systems Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The demand for airway cleaners is expanding with the improvement in the reimbursement structure and the growing concerns on a healthy living. In order to meet the growing requirement, the companies operating in the market have pulled up their socks.
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Companies in the airway clearance systems market are mainly focusing on expanding in other regions, launching innovative airway clearance technology according to the customer needs in order to gain a relatively larger share of the pie in the market. Large-scale companies are collaborating among each other or with small scale ones to strengthen their market position and create sustainable positioning. For instance, in May 2015, Koninklijke Philips signed an agreement with Massachusetts Institute of Technology (MIT) to move its U.S.-based R&D headquarters to Cambridge in order to enhance its technological expertise. The other companies operating in the market are Hill-Rom Holdings, Inc., Allergan plc, Thayer Medical, General Physiotherapy Inc., and VORTRAN® Medical Technology, among others.
According to the report, the global airway cleaner systems market is projected to exhibit a CAGR of 7.6% from 2017 to 2025. Rising from a valuation of US$ 434.0 Mn in 2016, the market is expected to reach a valuation of US$ 838.7 Mn by the end of 2025.
Growing Elderly Population to Prove Beneficial for the Global Market
Over the last few decades, the life expectancy of people has increased significantly. Aging wanes the immune system of a person, hence, people in the higher age group are extremely susceptible to contracting diseases. According to the National Institute of Aging, 8% of the world’s population is aged 65 years and above. The number of old people in developing countries is likely to increase over 250% between 2010 and 2050 in comparison to the 71% in the developed countries. Aging upsurges the incidence rate of respiratory disease. This is anticipated to drive the global respiratory devices market over the course of the forecast period.
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Reforming insurance strategies would play a crucial role in increasing the demand for respiratory services across the globe. Government authorities are focusing on cost cutting of respiratory treatment management plans, which are executed on insurance carriers. These plans have been formulated by governments to benefit healthcare insurance providers. This would facilitate more focus on specific life-saving services such as oncology, imaging, and others.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Company and Chief Analyst Credentials
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Key Regulations
4. Market Background
4.1. Technology Evolution
4.2. Patent Analysis
4.3. List of Growth Hacking Manufacturers
5. Industry Structure
5.1. Marketing and Distribution Strategies
5.2. Market Size by Tiers
5.3. Market Size by Companies