Since the past few years, the increasing growth in the healthcare sector has resulted into the robust growth of the global respiratory care device market. The increasing occurrence of pre-term births and the rising incidence of tobacco smoking are likely to fuel the growth of the global market for respiratory care device in the years to come. The growing use of multimodal ventilators and the advent of reinforcing portable devices are projected to stimulate the growth of the market.
Global Respiratory Care Device Market: Drivers and Restraints
Due to the growing occurrences of respiratory diseases and increasing elderly population the global respiratory care device market is expected to fuel the growth of the global market for respiratory care device in the near future. Rising demand for home care therapeutic devices and the growing popularity of point-of-care diagnostics are some of the other factors that are expected to drive the growth of the market during the forecasted period. Besides, increasing incidences of smoking, growing pollution levels, rising urbanization and changing lifestyle of the consumers are some of the significant factors that are driving the growth of the respiratory care device market.
However, the excised tax levied on devices, lack of consumer awareness, and the risks involved in the therapeutic devices for neonates are the factors that create a negative impact on the growth of the global respiratory care device market over the predicted period.
Global Respiratory Care Device Market: Segmental Analysis
The global market for respiratory care device is segmented into type and applications. Hospital and Home Care are the major sub-segments of the application segments. On the basis of product type, the market is segmented into Diagnostic Device, Therapeutic Device, and Monitoring Device.
Global Respiratory Care Device Market: Geographical Analysis
North America is likely to hold the largest market share of the global market for respiratory care device over the projected period. Europe is anticipated to grow in the next few years. The Asia Pacific is expected to register a favorable growth during the forecasted period. Emerging economies excluding China in the Asia Pacific region is likely to grow the demand for respiratory care device during the assessment period.
Global Respiratory Care Device Market: Key Players
Key players of the global market for respiratory care device are Sysmed, ResMed, Apex Medical, Philips Respironics, SDI Diagnostics, Covidien(Medtronic), MGC Diagnostics Corporation, Fisher and Paykel Healthcare, GF Health Products, Maquet, BMC Medical, CareFusion Corporation (BD), PARI Medical Holding GmbH, Dräger, Breas Medical, Teleflex, Heyer Medical, DeVilbiss Healthcare(Drive Medical), ACOMA, Invacare, Omron Healthcare, Chart Industries, Nihon Kohden Corporation, Weinmann, Hamilton Medical, Inogen, Masimo Corporation, and Yuyue Medical
Teleflex (TFX) Set to Announce Earnings on February 21, 2019
Teleflex has released its earnings on February 21 with its quarterly earnings of $2.78 per share. The company's capital is $13.15 billion, a beta is 1.08, a price-to-earnings-growth ratio is 2.03, and a PE ratio is 34.03. Teleflex current ratio is 2.26, a quick ratio is 1.51, and a debt-to-equity ratio is 0.83. The company's twelve months high of $287.59 and low of $226.02. On December 7, the company's stock sold at an average price of $259.41, for the overall transaction of $1,348,932.00.
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