Industry Outlook

The mucus clearance devices market is set to expand at a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2019 to 2027. According to the latest statistics provided by the (World Health Organization) report more than 3 million people die annually due to chronic obstructive pulmonary disease worldwide which equivalent is to 6% of the deaths occurring throughout the globe.

"Long term exposure to lung irritants makes COPD the most critical respiratory disease"

Chronic obstructive pulmonary disease is dominating the indication segment for mucus clearance devices market. The chief risk factor that contributes towards the occurrence of COPD is the long term exposure to lung irritants which causes damage to the lower reparatory tracts and lung alveoli. Significant rise in the number of smokers worldwide and increasing air pollution at an alarming rate will further accentuate the incidence rate of COPD throughout the globe. Bronchiectasis has gained tremendous attention in the last decade owing to the constant rise in the number of antibiotic resistant patients suffering with acute lung infection.

"High frequency chest wall oscillation (HFCWO) devices are in demand for its excellent ergonomic features which promises patients comfort and associated concordance"

High frequency chest wall oscillation devices are leading the product segment for mucus clearance devices segment. The addition of new ergonomic features such as vibration at varying intensities and frequency in the existing devices promises patient comfort and associated concordance. Increasing demand from homecare settings and rehabilitation centers further propels the HFCWO devices market growth. Oscillating positive expiratory pressure will be showcasing impressive growth in the near future owing to its twin benefits in patients suffering with cystic fibrosis such as clearance of excess fluids from the lungs and significant reduction in gas trapping and improvement in ventilation of the lungs.

"Growing incidence of chronic pulmonary obstructive disease and significant rise in smoking population together drive the market growth in North America"

North America accounts for a market share of 35.1% and is the dominating regional segment for mucus clearance devices market. Growing incidence of chronic pulmonary disease and subsequent growth in the smoking population together drive the market growth in North America region. According to the research findings of Center for Disease Control and Prevention (CDC), 2017 report the number of deaths in the U.S. due to chronic lower respiratory tract disease is 160,201, hence making it the 4th largest causes of death in the region. Europe holds a market share of 29.5% primarily due to high prevalence rate of cystic fibrosis in the European Union which is 0.79 per 10,000 people as quoted by European Respiratory Society (ERS). Asia Pacific represents 16.8% market share owing to the significant rise in tobacco consumption and developing healthcare infrastructure.

Medical device companies manufacturing mucus clearance devices are Allergan, Plc., Electromed, Inc., Hill-Rom, Inc., Koninklijke Philips N.V., Monaghan Medical Corporation, Respiratory Technologies, Inc., Smiths Medical, Thayer Medical Corporation and Vortran Medical Technology 1, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mucus Clearance Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Mucus Clearance Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Mucus Clearance Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Mucus Clearance Devices market?
• Which is the largest regional market for Mucus Clearance Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Mucus Clearance Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Mucus Clearance Devices market worldwide?