The South Korea respiratory care device market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 7.8% during the forecast period.
People with respiratory diseases entail the need for respiratory devices. Respiratory devices are the medical devices used to aid patients who are suffering from respiratory problems and cannot attain sufficient oxygen levels to sustain. These devices are used in diseases like Chronic Obstructive Pulmonary Diseases (COPD), Asthma etc.
As per a report by Hyoung Kyu Yoon et al, published in Journal of the Korean Medical Association 2018, the prevalence of COPD is increasing continuously that is increasing the adoption of the respiratory devices. COVID-19 has positively stimulated the demand for respiratory care devices for patient treatment.
The increase in number of patients suffering from chronic pulmonary obstructive diseases is one of the major steering factors of the respiratory care devices market. Cases of respiratory disease are increasing among population due to smoking, vehicular smoke emissions and industrialization which rises the demand for respiratory care devices. Increase in geriatric population, urbanization, pollution, changing environment and lifestyle of people influence the market.
The lack of awareness about these devices, underdiagnosed and untreated population as well as high cost associated with some of these devices are factor challenging the respiratory care devices market in the forecasted period.