[FURL=https://www.industryarc.com/Report/19498/us-respiratory-assist-devices-eua-market.html]U.S. Respiratory Assist Devices EUA Market[/FURL] size is estimated to reach $8.12 Bn by 2025 and is poised to grow at a CAGR of 7.8% during the forecast period 2020-2025. Respiratory assist devices include devices intended to assist patients who require breathing support, carbon dioxide removal, and therapy to reduce abdominal muscle atrophy caused by use. The Food and Drug Administration (FDA) has released EUAs to help increase the availability of respiratory aid devices, which are an integral part of treating patients during the COVID-19 pandemic. The demand for the U.S. Respiratory Assist Devices EUA Market is owing to rising prevalence of respiratory disorders. The increasing prevalence of these target indicators increases hospitalization and re-admission rates of infected patients as they require frequent ventilation support, which is estimated to drive the market during the forecast period 2020-2025.Key Takeaways
The demand for the U.S. Respiratory Assist Devices EUA Market is owing to rising prevalence of respiratory disorders.
The harmful effects of respiratory assist devices on neonates is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the U.S. Respiratory Assist Devices EUA Market report.
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U.S. Respiratory Assist Devices EUA Market Segment Analysis - By End User
The U.S. Respiratory Assist Devices EUA Market based on Mode of End User can be further segmented into Ambulatory Care Centers, Home Care Settings, and Hospitals. Hospitals segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025.
U.S. Respiratory Assist Devices EUA Market Drivers
Increased demand for Ventilators
The demand for the U.S. Respiratory Assist Devices EUA Market is owing to rising prevalence of respiratory disorders. According to the Global Burden of Disease Study, in 2016, there were about 251 million cases of COPD (Chronic obstructive pulmonary disease) reported globally. Likewise, according to the World Health Organization (WHO), COPD is estimated to become the second largest health threat in the world by 2025. In 2019, the World Health Organization reported that about 339 million people suffer from asthma globally.
Key companies of this market BioMedInnovations LLC, Guangzhou Hypnus Healthcare Co Ltd, CMI Health, Lanick Med Systems LLC, AutoMedX Inc, Bloom Energy, Nanotronics Imaging Inc, Stryker Instruments, Safe Flight Instrument Corporation, Covidien LLC, and MakeMedical.
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