Asia-Pacific Respiratory Devices Market Report 2020-2025: Market Breakdown by Diagnostic and Monitoring Devices, Therapeutic Devices & Disposables
Dublin, Oct. 14, 2020 (GLOBE NEWSWIRE) — The “Asia-Pacific Respiratory Devices Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The Asia-Pacific Respiratory Devices Market is expected to register a CAGR of 5.1%, 2020-2025
The major factors driving the growth of the market in the Asia region is due to the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), TB, Asthma, and Sleep Apnea, technological advancements, increasing applications in-home care setting and increasing geriatric population.
As per economic and social commission for Asia and the Pacific (ESCAP), reports that the geriatric population in Asia-Pacific was around 548 million in 2019, accounting for more than half of the world’s total elderly population. It is estimated that, by 2050, Asia-Pacific may account for almost two-thirds of the world’s geriatric population. Hence, owing to the fact that asthma is a widely prevalent disease found in people over 65 years of age, the growing geriatric population is expected to drive market growth over the forecast period.
Furthermore, the technological advances, increasing portability, and ease of operation of devices along with that awareness programs in Asia such as the “Healthy Lung Programme” which is expected to show significant growth over the forecast period.