According to a new report Global Airway Clearance System Market, published by KBV research, The Global Airway Clearance System Market size is expected to reach $774.7 billion by 2025, rising at a market growth of 4.62% CAGR during the forecast period. Favorable insurance coverage provided for the use of airway clearance systems in these respiratory diseases by governments and private companies, particularly in the developed economies, is expected to provide lucrative growth opportunities for the market.
Home healthcare facilities hold the largest market share in 2018 and are expected to continue to dominate over the projected period. Home health care environments strive to help people recover quicker and live more independently. Home care settings have been the largest end-user of 2018 airway clearance devices. The demand for fast, comfort-free, cost-effective diagnosis and treatment is the segment's primary growth drivers.
Cystic Fibrosis held the dominant market share in revenue in 2018, due to the disease's growing prevalence. Adoption of airway clearance devices to treat cystic fibrosis, neuromuscular, bronchiectasis is expected to drive the growth of the market. These devices help with the expansion of the lung and clear the accumulation of excess mucus thereby allowing the patient to breathe properly.
Flutter mucus clearance apparatus held the dominant market share of airway clearance systems in 2018 and is projected to be the fastest-growing segment over the forecast period. These tools are used to clean out unnecessary secretions in cystic fibrosis, bronchiectasis, bronchitis, and other diseases associated with unnecessary mucous formation. Flutter mucus clearance is a US FDA regulated Class II device.
The North America market dominated the Global Airway Clearance Systems Market by Region in 2018. On the other hand, due to continuous technological advances coupled with an increasing market penetration of key players and expansion of their distribution networks, Asia Pacific is expected to show the fastest growth over the projected period.
Structural Insights: https://www.kbvresearch.com/airway-clearance-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Koninklijke Philips N.V., Allergan PLC, Electromed, Inc., Hill-Rom Holdings, Inc., General Physiotherapy, Inc., Thayer Medical Corporation, Vortran Medical Technology, Inc, Monaghan Medical Corporation, PARI GmbH (PARI Medical Holdings), and International Biophysics Corporation.
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