South Korea Respiratory Care Device Market Analysis


  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4859

  • Format: PPT, PDF

South Korea Respiratory Care Device Market: Segmented By Therapeutic Devices (Positive Airway Pressure (PAP) Devices, Masks, Ventilators, Nebulizers, Humidifiers, Oxygen Concentrators, Inhalers, Reusable Resuscitators, Nitric Oxide Delivery Units, Capnographs, Gas Analysers and Oxygen Hoods), Monitoring Devices (Spirometers, Sleep Test Devices, Other Diagnostic and Monitoring Devices) and By End Users (Hospitals and Home Care Settings) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 4859 Categories: ,

Report Overview

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.

Market Drivers

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.

1. South Korea Respiratory Care Device Market Overview…………………………
A. Market Size
2. Market Growth Drivers……………………………………………………………
A. Increase in Prevalence of Respiratory Diseases
B. Escalating Smoking Habit and Air Pollution
C. Rise in Number of Elderly People
3. Prevalence of Various Respiratory Diseases…………………….
A. Allergic Rhinitis
B. Chronic Obstructive Pulmonary Disorder (COPD)
C. Asthma
D. Rhinosinusitis
E. Sleep Apnoea
F. Others
4. Respiratory Care Device Market Segmentation…………………………………
A. Therapeutic Devices
I. Positive Airway Pressure (PAP) Devices
II. Masks
III. Ventilators
IV. Nebulizers
V. Humidifiers
VI. Oxygen Concentrators
VII. Inhalers
VIII. Reusable Resuscitators
IX. Nitric Oxide Delivery Units
X. Capnographs
XI. Gas Analysers and Oxygen Hoods
B. Monitoring Devices
I. Spirometers
II. Sleep Test Devices
III. Other Diagnostic and Monitoring Devices
C. End Users
I. Hospitals
II. Home Care Settings
5. Respiratory Care Device Major Products Market Share………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. GE Healthcare Company Overview, Product & Services, Strategies & Financials
B. Koninklijke Philips N.V Company Overview, Product & Services, Strategies & Financials
C. Fisher & Paykel Healthcare Limited Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Respiratory Care Device Market
B. Future Opportunities
10. Conclusion


Market Segmentation

By Therapeutic Devices:

By Therapeutic Devices market can be segmented as positive airway pressure (PAP) devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, capnographs, gas analysers and oxygen hoods.

Due to surge in COPD cases, inhalers as therapeutic devices are expected to record high growth. Owing to the rising healthcare costs, a large number of patients suffering from chronic respiratory diseases prefer to undergo treatments in home care settings. This trend is expected to increase the demand for products such as nebulizers, ventilators, and CPAP devices. As they can be used easily by patients in home care settings.

By Monitoring Devices:

According to the monitoring devices market can be segmented into spirometers, sleep test devices, other diagnostic and monitoring devices.

By End Users:

South Korea’s respiratory care device market is segmented into hospitals and home care settings on the basis of end users.


Top Players

Some of the major players in market are Koninklijke Philips N.V, Fisher & Paykel Healthcare, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare, GlaxoSmithKline PLC, Invacare Corporation, Koninklijke Philips NV, Medtronic PLC, ResMed Inc. The companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition and partnerships that will help them in strengthening their market position.


Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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