TMCnet News
Research and Markets: ASEAN and Oceania Respiratory Devices and Diagnostics Market Through 2021Research and Markets (http://www.researchandmarkets.com/research/bq5wdc/_asean_and) has announced the addition of the "ASEAN and Oceania Respiratory Devices and Diagnostics Market Through 2021" report to their offering. The respiratory devices and diagnostics market comprises diagnostic devices such as spirometers and peak flow meters, monitoring devices like capnographs and pulse oximeters and therapeutic devices that include oxygen concentrators, nebulisers, Continuous Positive Airway Pressure (CPAP) devices, etc. The growth in ASEAN and Oceania respiratory devices and diagnostics market is anticipated to accelerate in coming years due to an increase in prevalence of chronic respiratory diseases like Chronic Obstructive Pulmonary Diseases (COPD), asthma and Obstructive Sleep Apnea (OSA) in both aging as well as young population in this region. ASEAN, Oceania and other APAC cover Australia, Bangladesh, Indonesia, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Thailand and Vietnam. The prevalence of respiratory diseases, especially asthma, is very high in the Oceania region and it is increasing in ASEAN countries due to growing smoking habit, air pollution, aging population, unhealthy diet and physical inactivity leading to COPD and OSA. Due to the collective size of Indo-China market, ASEAN countries' potential is underestimated. ASEAN is expected to boost growth in the APAC region. For instance, Indonesia is highly populated with considerable cases of chronic respiratory diseases and low treatment penetration rates. This report predicts penetration to improve with government initiatives like mobile community health services and government-financed health coverage program. Respiratory devices are divided in to two segments-Homecare devices and Hospital care devices. Though, Hospital is a leading segment, the demand for Homecare devices is increasing for all products in the Oceania region while the demand is surging for low-value products such as nebulisers and peak flow meters along with related disposables in the ASEAN region. The demand for disposable consumables has increased over reusable ones due to safety concerns, a decline in prices of consumables, an increase in disposable income and improving diagnostics facilities. A large number of players attracted to the low entry barrier high volume nature of the ASEAN market, has made the market highly fragmented and unorganised. Hospitals prefer economical devices if scrap life of the device is short and replacement is more economical than repair. Economical disposables are preferred in the case of patients who are provided home care due to cost benefits. Hospitals prefer local or Chinese disposables due to higher margins compared with products from multi-national companies (MNCs). Companies Mentioned - AirSep Corporation, a division of Chart Industries - CareFusion Corp - Covidien plc - DeVilbiss Healthcare LLC - Fisher & Paykel Healthcare Corp Ltd - Invacare Corporation - Omron Healthcare, Inc., a division of Omron Corporation - Philips (News - Alert) Respironics, Inc., a division of Koninklijke Philips N.V. - ResMed Inc For more information visit http://www.researchandmarkets.com/research/bq5wdc/_asean_and
View source version on businesswire.com: http://www.businesswire.com/news/home/20150724005635/en/ |
