I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1 Disclaimers.............. I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 Spirometers.............. I-4 Other Pulmonary Function Testing (PFT) Equipment I-4 Sleep Apnea Diagnostic Devices..............I-4 Ventilators.............. I-4 Humidifiers.............. I-4 Nebulizers.............. I-4 PAP (Positive Air Pressure) Devices I-5 Oxygen Equipment.............. I-5 Manual Resuscitators..............I-5 Masks, Circuits & Disposables I-5

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW.............. II-1 Respiratory Care Equipment - An Overview II-1 Major Growth Drivers..............II-2 High Prevalence of Respiratory Diseases - A Grim Reality Driving the Respiratory Therapeutic Devices Market II-2 Table 1: Global Cost of Respiratory Therapy by Disease (2015): Percentage Breakdown of Therapy Costs for Asthma, Chronic Obstructive Pulmonary Disease (COPD), Idiopathic Pulmonary Fibrosis, and Others (includes corresponding Graph/Chart).............. II-3

Table 2: Obesity Levels in Percentage for Select Countries for Individuals of Age 18 Years and Above: 2014 (includes corresponding Graph/Chart)..............II-4

Table 3: Worldwide Prevalence of Diabetes Mellitus by Geographic Region: 2014 & 2035P (includes corresponding Graph/Chart).............. II-5 Rising Incidence of COPD - The Major Growth Driver II-5 Table 4: Global Prevalence of COPD by Age Group (2014): Percentage of Men and Women Affected by the Condition (includes corresponding Graph/Chart) II-6 Table 5: Mortality Rates of COPD ('000s) by Select Geographic Region (includes corresponding Graph/Chart) II-7 Huge Pool of Undiagnosed Sleep Apnea Patients- Opportunities Galore.............. II-7 Table 6: Percentage Prevalence of Sleep Apnea in Co-Morbidities by Type of Co-Morbidity (includes corresponding Graph/Chart)..............II-8

Table 7: Prevalence (%) of Sleep Apnea by Co-Morbidities (includes corresponding Graph/Chart) II-9 Chronic Diseases Clinically Associated with OSA II-10 Rising Incidence of Cystic Fibrosis Offers Market Potential II-10 Table 8: Global Frequency of Genetic Mutations Carrying Cystic Fibrosis (includes corresponding Graph/Chart) II-10 Table 9: Carrier Rate of CF Gene Mutation by Descent II-11 Ballooning Geriatric Population to Spur Demand for Respiratory Care Equipment..............II-11 Table 10: Elderly Population (65+ Years) as a Percentage of the Total Population: 2014 & 2025 (includes corresponding Graph/Chart).............. II-11

Table 11: Life Expectancy at Age 60 and 80 Years - (2010-2015), (2020-2025) & (2045-2050) (includes corresponding Graph/Chart)..............II-12 Growing Homecare Market Drives Demand for Respiratory Diagnostic and Therapy Devices II-12 Table 12: Worldwide Home Healthcare Services Market by Type of Service (2015E & 2020P): Percentage Breakdown of Service Revenues for Infusion Therapy Services, Rehabilitation Services, Respiratory Therapy Services, Telemetry, and Unskilled Homecare (includes corresponding Graph/Chart) II-13

2. COMPETITION IN THE RESPIRATORY CARE MARKET II-15 PAP Market.............. II-15 Table 13: Global CPAP Market by Leading Player (2014): Percentage Market Share Breakdown of Value Sales for Philips Respironics, ResMed and Others (includes corresponding Graph/Chart).............. II-15 Ventilators Market Remains Highly Consolidated II-15 Table 14: Global Mechanical Ventilators Market by Leading Player (2014): Percentage Market Share Breakdown of Value Sales for Covidien/Medtronic, Drager Medical, Maquet (Getinge), CareFusion, and Others (includes corresponding Graph/Chart).............. II-16 Competition in Global Medical Oxygen Systems Market II-16 Table 15: Global Oxygen Therapy Market by Leading Player (2014): Percentage Market Share Breakdown of Sales for Caire, Invacare, Philips Respironics, and Others (includes corresponding Graph/Chart)..............II-17

Table 16: Global Oxygen Concentrators Market by Leading Player (2014): Percentage Share Breakdown of Value Sales for Invacare, Philips Respironics, and Others (includes corresponding Graph/Chart)..............II-17 ResMed and Respironics Dominate Competitive Landscape in Sleep Apnea Devices.............. II-17 Table 17: Global Sleep-Disordered Breathing (SDB) Devices Market by Leading Players (2015E): Percentage Share Breakdown of Revenue Sales for Fisher & Paykel, Philips Respironics, ResMed, and Others (includes corresponding Graph/Chart) II-18 OSA Industry Witnesses Consistent M&A Activity II-18 Major Acquisitions in OSA Industry for the Years 2000-2014 II-19

3. MARKET TRENDS BY PRODUCT SEGMENT..............II-20 Miniaturization and Connectivity Promote Spirometer Sales II-20 Smartphone Apps to Revolutionize Lung Function Testing II-20 Technology Advancements in Sleep Apnea Improve Patient Compliance II-21 ApneaApp Smartphone App to Enable Easier Sleep Apnea Diagnosis at Home.............. II-22 Revolutionary Developments in Sleep Apnea Diagnosis and Therapy Appliances.............. II-22 Rising Preference for Home-Testing to Promote Polysomnography (PSG) Market.............. II-24 Table 18: Worldwide Sleep Apnea Diagnostic Appliances Market by Type (2015E): Percentage Breakdown of Value Sales for Actigraphy Systems, Polysomnography Devices, Pulse Oximeters, and Respiratory Polygraph (includes corresponding Graph/Chart).............. II-25 Demand for PAP Devices on the Rise II-25 Newer CPAP Alternatives..............II-26 Expanding Application to Promote Market for CPAP Devices II-26 Increasing Prevalence of Respiratory Diseases Spurs Demand for Ventilators.............. II-26 The US Accounts for Major Share in the Ventilators Market II-27 Emerging Markets Experience Low-Cost Ventilator Boom II-28 Improved Patient Outcomes - The Force behind Mechanical Ventilator Innovation..............II-28 Table 19: Worldwide Mechanical Ventilator Devices Market by Application (2015E): Percentage Breakdown of Value Sales for Critical Care, Neonatal, and Portable Ventilators (includes corresponding Graph/Chart)..............II-29 Automation-Enabled Innovation Continues in Mechanical Ventilators Market..............II-29 The Changing Face of Ventilator Design II-30 Non-Invasive Ventilators - The New Standard of Care II-30 Cost Benefits to Surge Growth of Non-Invasive Ventilators II-31 Neonatal Non-Invasive Ventilation - On the Rise II-31 Table 20: Global Population of Children Between 0-4 years (2015E & 2020P) (includes corresponding Graph/Chart) II-32 ECCO2R - An Ideal Replacement for Non-Invasive Ventilation Failure.............. II-32 Neurally-Adjusted Ventilatory Assist (NAVA) - A Novel Ventilation Technique..............II-33 Respiratory Dialysis - A Potential Alternative to Mechanical Ventilation.............. II-33 Adaptive Support Ventilation: In the Forefront of Innovation II-34 Advances in Information Technology Enhance Monitoring Multiple Patients on Ventilation II-34 Growing Need for Supplemental Oxygen Therapy Propels Oxygen Therapy Market.............. II-34 Table 21: Worldwide Oxygen Therapy Equipment Market by Target Disease/Disorder (2015E): Percentage Breakdown of Value Sales for Asthma, Chronic Obstructive Pulmonary Disease, Cystic Fibrosis, Obstructive Sleep Apnea, Pneumonia, and Respiratory Distress Syndrome (includes corresponding Graph/Chart) II-35 Demand for Portable Oxygen Concentrators on the Rise II-36 Single-Prong Nasal Cannula - A Breakthrough in Oxygen Delivery Devices.............. II-37 Trade Statistics.............. II-38 Table 22: Global Top Ten Exporting Countries for Oxygen therapy, Artificial Respiration, and Other Therapeutic Respiration Apparatus (2014): Percentage Breakdown of Value Exports for Australia, China, Germany, Ireland, Mexico, New Zealand, Singapore, The Netherlands, The United Kingdom, The United States, and Others (includes corresponding Graph/Chart).............. II-38

Table 23: Global Top Ten Importing Countries for Oxygen therapy, Artificial Respiration, and Other Therapeutic Respiration Apparatus (2014): Percentage Breakdown of Value Imports for Australia, Canada, China, France, Germany, Japan, Russia, The Netherlands, The United Kingdom, The United States Others (includes corresponding Graph/Chart) II-39 NEBULIZERS: Innovations Galore II-39 Table 24: Worldwide Nebulizer Devices Market by Type (2015E): Percentage Breakdown of Value Sales for Breath Activated Pneumatic Nebulizer, Static Mesh Nebulizer, Ultrasonic Portable Nebulizer, Ultrasonic Standalone Nebulizer, Vented Pneumatic Nebulizer, and Vibrating Mesh Nebulizer (includes corresponding Graph/Chart)..............II-40

4. HOME HEALTHCARE MARKET - A BROAD SPECTRUM II-41 Introduction to Home Healthcare Market II-41 Worldwide Scenario..............II-41 Homecare - Emerging as the Most Preferred Alternate Care Site II-41 Factors Driving Home Healthcare..............II-41 Home Healthcare Equipment Market II-42 Defining a Home Care Medical Device II-42 Classification of Home Care Devices II-42 Growth Drivers.............. II-43 Constituents of Home Respiratory Therapy Market II-43 Trends in the Home Oxygen Delivery Products Market II-44 Homecare Market Set to Grow..............II-44 Alternate Care Riding High on Hospital Cost Cuts II-44 Consumer Benefits from Increasingly Affordable and Convenient Systems.............. II-44 Home Oxygen Therapy: Hard Hit by Medicare Reimbursement Cutbacks II-45 Technology Development Springs Onslaught of Innovative Devices II-45 Ambulatory (Mobile) Services: Highly Positioned II-45 Difficulties Associated with Home Oxygen Delivery Systems II-45

5. PRODUCT OVERVIEW.............. II-46 Respiratory Care Industry Classification by Application II-46 Diagnostics.............. II-46 Therapeutics.............. II-46 Monitoring.............. II-46 Types of Respiratory Care Equipment And Supplies II-46 Pulmonary Function Testing Equipment II-46 Prospects.............. II-47 Spirometers.............. II-48 Different Kinds of Spirometers II-48 Other Pulmonary Function Testing (PFT) Equipment II-49 Peak Flow Meters.............. II-49 Pneumotachometers..............II-49 Gas Analyzers.............. II-50 Gas Chromatography..............II-50 Mass Spectrometers..............II-50 Plethysmograph.............. II-50 Exercise Testing Equipment..............II-51 Sleep Apnea Diagnostic Devices..............II-51 Polysomnography (PSG), and Types of Polysomnographs II-51 Clinical/Fixed Polysomnographs II-51 Ambulatory Polysomnographs..............II-52 Other Sleep Apnea Diagnostic Devices II-52 Screening Devices..............II-52 Actigraphs.............. II-52

6. RESPIRATORY THERAPY EQUIPMENT - A REVIEW II-53 Ventilators.............. II-53 Humidifiers.............. II-53 Nebulizers.............. II-53 PAP Devices.............. II-54 Continuous Positive Airway Pressure (CPAP) Devices II-54 Auto PAP Devices.............. II-55 Bi-Level Positive Airway Pressure (BPAP Devices) II-55 Auto Bilevel Positive Airway Pressure (Auto BiPAP) II-55 Facial Interfaces (Masks and Humidifiers) II-55 Oxygen Therapy Equipment..............II-55 Oxygen Concentrators..............II-55 Oxygen Concentrators Performance Norms Set by WHO II-56 Liquid Oxygen Systems: Apt for Ambulatory Patients II-56 Oxygen-Conserving Devices..............II-56 Manual Resuscitators..............II-57 Masks, Circuits & Disposables..............II-57

7. PAP DEVICES - THE LARGEST MARKET SEGMENT IN RESPIRATORY CARE II-58 Positive Airway Pressure (PAP) Treatment II-58 Continuous Positive Airway Pressure (CPAP) Devices II-58 Bi-level Positive Airway Pressure (BiPAP) Devices II-59 Auto-titrating Positive Airway Pressure (APAP) Devices II-60 Facial Interfaces (Masks and Humidifiers) II-60

8. VENTILATORS FOR RESPIRATORY CARE..............II-61 Lung Mechanics.............. II-61 Ventilators/Respirators..............II-62 Recent Developments.............. II-62 Assistor-Controllers..............II-62 Types of Ventilators..............II-63 Positive-Pressure Assistor-Controller II-63 Volume-Cycled Ventilator..............II-63 Ventilators for Anesthesiology II-64 History.............. II-64 Tank Respirator and the Cuirass Ventilator II-64 Conventional Mechanical Ventilation II-65 Technological Innovations in Ventilation II-66 Parameters Used in Monitoring Lung Mechanics II-66 Breathing Frequency..............II-66 Lung Volume and Airflow..............II-67 Airway and Esophageal Pressures II-67 Adequacy of Ventilation..............II-67 Methods and Devices Used in Ventilatory Monitoring II-67 Impedance Pneumography..............II-67 Practical and Technical Considerations in Blood Gas Analysis II-68 Alarms.............. II-68 New Developments in Ventilator Monitoring II-68 Inhalators.............. II-69 Non-Invasive Ventilation - A Substitute for Traditional Volume Ventilation.............. II-69

9. REVIEW OF SELECT DISEASE CONDITIONS REQUIRING RESPIRATORY CARE II-70 Obstructive Sleep Apnea (OSA)..............II-70 Sleep Apnea: Widely Prevalent Sleep Disorder II-70 Multi-Channel Recording Systems to Detect Breathing Ailments II-70 Uvulopalatopharyngoplasty (UPPP): The Most Common Surgical Procedure Used in the Treatment of OSA II-70 Alternative Therapeutic Procedures for Sleep Apnea II-71 Surgical treatment..............II-71 Self-Titrating Devices: Offer Greater Degree of Comfort II-71 Asthma.............. II-72 Chronic Obstructive Pulmonary Disease II-72 Acute Respiratory Distress Syndrome II-72 ARDS Fact Sheet.............. II-73 Muscular Degenerative Disease..............II-73 Spinal Cord Injury..............II-73 Pneumonia.............. II-73 Pneumonia Fact Sheet..............II-74 Cystic Fibrosis Fact Sheet..............II-74

10. PRODUCT INTRODUCTIONS, INNOVATIONS & APPROVALS II-76 Royal Philips Introduces Philips Respironics V680 Ventilator in Canada.............. II-76 ResMed Initiates Phase 3 Clinical Trial for ASV Products II-76 Airing Unveils micro-CPAP Novel Device for OSA Therapy II-76 Philips Respironics Unveils Alice NightOne Home Sleep Testing System.............. II-76 InSleep Health Secures US FDA Approval for Cloud9 Anti-Snoring System.............. II-76 Uscom Receives US FDA Clearance for SpiroThor Digital Ultrasonic Spirometers..............II-76 Teleflex Issues Class 1 Recall of Hudson RCI Lifesaver Neonatal Manual Resuscitator..............II-76 Philips Respironics Introduces Amara View CPAP Mask II-77 Breathe Technologies Secures US FDA 510(k) Clearance for Life2000 Ventilation System..............II-77 Cohero Health Receives US FDA 510(k) Clearance Mobile Spirometer II-77 Hamilton Medical Releases Hamilton T1 Ventilator II-77 MAQUET Unveils SERVO-air Ventilator II-77 ResMed Introduces Lumis Series of Noninvasive Ventilation Devices II-77 GE Healthcare Launches Carescape R860 Ventilator II-77 Dyson Inc Introduces Dyson Humidifier II-77 Sunovion Pharmaceuticals commences Phase 3 Trial for SUN-101 with PARI Medical's eFlow Nebulizer System II-78 Somnomedics Receives US FDA Approval for SOMNOtouch RESP II-78 PARI Therapy Medical Secures US FDA Approal for eRapid Powered Nebulizer for for Cystic Fibrosis II-78 Aerocrine Receives Japan PMDA Clearance for NIOX VERO FeNO- Measuring Device.............. II-78 SomnoMed Secures FDA Approval for OSA Devices II-78 Itamar Medical Secures FDA Clearance for Watch PAT Unified II-78 ERT Introduces MasterScope2.0..............II-78 Smiths Medical Unveils Pneupac® paraPAC plus™ II-79 ResMed Unveils Astral Ventilators II-79 Hamilton Unveils Novel Critical Care Humidifier II-79 Covidien Secures CE Mark for Nellcor™ II-79 Dehaier Receives CFDA Approval for Sleep Diagnostic Device II-79 Advanced Brain Monitoring Receives FDA Clearance for Night Shift II-79 Human Design Medical Releases Z1 Auto CPAP II-79 ResMed Unveils AirSense™10 PAP Platform II-80 Apple Integrates Adds 3 Spirometry Data Types into iOS 8 HealthKit.............. II-80 Inspire Medical Systems Receives US FDA Approval for Inspire Upper Airway Stimulation Device II-80 Aseptika Unveils BuddyWOTCH Smart Watch for Blood Oxygen Monitoring.............. II-80 Royal Philips Introduces Philips Respironics V680 Ventilator in Europe.............. II-80 ResMed Releases AirCurve 10 Series II-80 PARI, PulmoFlow Receive US FDA Approval for Kitabis Pak - PARI LC PLUS Co-Package.............. II-80 Covidien Secures CE Mark Approval for Nellcor PM100N SpO2 Patient Monitoring System..............II-80 Inogen Introduces Inogen At Home Oxygen Concentrator for Home Usse.............. II-81 CAIRE Unveils SeQual eQuinox Portable Oxygen Concentrator II-81 Breathe Technologies Secures CE Certification for Non-Invasive Open Ventilation (NIOV) System..............II-81 Covidien US FDA 510(k) Clearance for Puritan Bennett 980 Ventilator.............. II-81 B&B Medical Secures US FDA Approval for Bubbler Water Seal CPAP Valve.............. II-81 Inova Labs Gains US FDA Approval for LifeChoice Activox DUO2 II-81 International Biomedical Secures US FDA Approval for Puffin Infant Resuscitator..............II-81 Philips Unveils Nuance Gel Pillows for Sleep Apnea II-81 Dräger Unveils Evita V300 and Savina 300 II-81 InnoMed Technologies Introduces The Aspen II-82 RespInnovation Unveils "Respln11" Line of Devices II-82 Covidien Unveils Capnostream ® 20p II-82 Zephyr Expands Distribution Network in the US II-82 ResMed Unveils ResMed VPAP™ COPD Device II-82 eVent Medical Receives 510(k) Clearance for eVolution®3e Ventilator.............. II-82 Perlong Medical Obtains CE Certification for Perlong Medical Ventilator.............. II-82

11. RECENT INDUSTRY ACTIVITY..............II-83 Medtronic Completes Acquisition of Covidien Plc II-83 ResMed Takes Over Curative Medical Technology II-83 Drive Medical Completes Acquisition of DeVilbiss Healthcare II-83 Becton Dickinson Mulls Asset Sale Following Takeover of CareFusion.............. II-83 Mallinckrodt Pharmaceuticals Takes Over Ikaria II-83 Cipla Inks Agreement to Acquire Majority Stake in Jay Precision Pharmaceuticals..............II-83 Breas Medical Acquires B&D Electromedical II-83 Breas Medical Inks Agreement with Care Fusion for Distribution of Vivo by Breas Products in US Market II-83 Ascendis Takes Over Respiratory Care Africa II-84 Itamar Medical Signs Agreement with Medtronic II-84 Allegheny Health Network Acquires Majority Stake in Klingensmith Healthcare..............II-84 Omron Healthcare Acquires NS Indústria de Aparelhos Médicos II-84 SuperCare Health Expands Partnership with HealthCare Partners II-84 SuperCare Health Expands Partnership with SCAN Health Plan II-84 Medwell Ventures Partners with Philips for Delivering Home Respiratory Care.............. II-84 Inspire Medical Systems Secures US$40 Million in Venture Capital Funding.............. II-84 Ventlab Issues Voluntary Recall of Defective Resuscitator Bags II-85 CareFusion Acquires Vital Signs from GE Healthcare II-85 DHS Takes Over Operating Assets of APO2 II-85 OxySure Appoints Aero Healthcare as Distributor in Australia, New Zealand and the United Kingdom II-85

12. FOCUS ON SELECT GLOBAL PLAYERS II-86 Allied Healthcare Products, Inc. (USA) II-86 Bio-Med Devices, Inc. (USA)..............II-86 CareFusion Corp. (USA)..............II-86 CAIRE, Inc. (USA).............. II-87 Compumedics Ltd. (Australia)..............II-87 Dräger Medical AG & Co. KGaA (Germany) II-87 DeVilbiss Healthcare LLC (USA) II-88 Fisher & Paykel Healthcare Corp. Limited (New Zealand) II-88 GE Healthcare (UK)..............II-89 Getinge Group (Sweden)..............II-89 MAQUET GmbH & Co. KG (Germany) II-90 Hamilton Medical AG (Switzerland) II-90 Invacare Corporation (USA)..............II-90 Itamar Medical Ltd. (Israel)..............II-90 Medtronic PLC (Ireland)..............II-91 nSpire Health, Inc. (USA)..............II-91 PARI Medical Holding GmbH (Germany) II-91 Philips Healthcare (The Netherlands) II-92 ResMed (USA).............. II-92 VORTRAN Medical Technology (USA) II-93 Weinmann Geräte für Medizin GmbH+CCo. KG (Germany) II-93

13. GLOBAL MARKET PERSPECTIVE..............II-94 Table 25: World Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) II-94

Table 26: World Historic Review for Respiratory Care Equipment & Supplies by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-95

Table 27: World 14-Year Perspective for Respiratory Care Equipment & Supplies by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart).............. II-96

Respiratory Care Equipment & Supplies Market by Product Segment II-97

Table 28: World Recent Past, Current & Future Market Analysis for Spirometers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-97

Table 29: World Historic Review for Spirometers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-98

Table 30: World 14-Year Perspective for Spirometers by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-99

Table 31: World Recent Past, Current & Future Market Analysis for Other Pulmonary Function Testing (PFT) Equipment by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-100

Table 32: World Historic Review for Other Pulmonary Function Testing (PFT) Equipment by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-101

Table 33: World 14-Year Perspective for Other Pulmonary Function Testing (PFT) Equipment by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............II-102

Table 34: World Recent Past, Current & Future Market Analysis for Sleep Apnea Diagnostic Devices by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) II-103

Table 35: World Historic Review for Sleep Apnea Diagnostic Devices by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-104

Table 36: World 14-Year Perspective for Sleep Apnea Diagnostic Devices by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-105

Table 37: World Recent Past, Current & Future Market Analysis for Ventilators by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-106

Table 38: World Historic Review for Ventilators by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-107

Table 39: World 14-Year Perspective for Ventilators by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-108

Table 40: World Recent Past, Current & Future Market Analysis for Humidifiers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-109

Table 41: World Historic Review for Humidifiers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-110

Table 42: World 14-Year Perspective for Humidifiers by Geographic Region - Percentage Breakdown of Dollar Sales for The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-111

Table 43: World Recent Past, Current & Future Market Analysis for Nebulizers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-112

Table 44: World Historic Review for Nebulizers by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-113

Table 45: World 14-Year Perspective for Nebulizers by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-114

Table 46: World Recent Past, Current & Future Market Analysis for PAP Devices by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-115

Table 47: World Historic Review for PAP Devices by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-116

Table 48: World 14-Year Perspective for PAP Devices by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-117

Table 49: World Recent Past, Current & Future Market Analysis for Oxygen Equipment by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-118

Table 50: World Historic Review for Oxygen Equipment by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-119

Table 51: World 14-Year Perspective for Oxygen Equipment by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-120

Table 52: World Recent Past, Current & Future Market Analysis for Manual Resuscitators by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) II-121

Table 53: World Historic Review for Manual Resuscitators by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-122

Table 54: World 14-Year Perspective for Manual Resuscitators by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-123

Table 55: World Recent Past, Current & Future Market Analysis for Respiratory Masks, Circuits & Disposables by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) II-124

Table 56: World Historic Review for Respiratory Masks, Circuits & Disposables by Geographic Region - The US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-125

Table 57: World 14-Year Perspective for Respiratory Masks, Circuits & Disposables by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, The Middle East & Africa, and Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart).............. II-126

III. MARKET

1. THE UNITED STATES.............. III-1 A.Market Analysis.............. III-1 Current & Future Analysis..............III-1 Market Trends.............. III-1 Increasing Respiratory Disorders Drive Demand for Respiratory Equipment..............III-1 Table 58: Chronic Bronchitis Prevalence in the US by Age Group (In Percentage per 1000 Population): 2015 for Ages 18-44, 45-64, and 65+ years (includes corresponding Graph/Chart).............. III-2

Table 59: Emphysema Prevalence in the US by Age Group (In Percentage per 1000 Population): 2015 for Ages 18-44, 45-64 and 65+ years (includes corresponding Graph/Chart) III-2

Table 60: Prevalence (%) of COPD in US States: 2012 (includes corresponding Graph/Chart) III-3 Sleep Apnea - A Widely Prevalent Respiratory Disorder III-4 Table 61: Annual Healthcare Expenditure by Leading Chronic Disease: 2015 (includes corresponding Graph/Chart) III-4

Table 62: Prevalence of Sleep Apnea in the US by Population Category.............. III-5 Increased Demand for Home Sleep Testing (HST) III-5 Aging Population Offers Prospects III-5 Opportunity Indicators..............III-6 Table 63: North American Elderly Population by Age Group (1975-2050) (includes corresponding Graph/Chart) III-6

Table 64: Obesity Prevalence in the US Adults: 2014 (includes corresponding Graph/Chart) III-6

Table 65: High Obesity Prevalence among US Adult Population (2014): Percentage of US Adults who are Underweight, Normal Weight, Overweight, and Obese (Class I, Class II, and Class III) (includes corresponding Graph/Chart).............. III-7

Table 66: The US Obesity Prevalence by Age Group (2014): Percentage of Obese Individuals in the Age Groups 18 to 29 years, 30 to 44 years, 45 to 64 years, and Above 65 years (includes corresponding Graph/Chart) III-7

Table 67: The US Diabetics Population (2010-2017): Percentage Population with Diagnosed and Undiagnosed Diabetes (includes corresponding Graph/Chart) III-8 Segment Analysis..............III-8 Premium Sleep Apnea Products to Command Higher Prices III-8 Transport Authorities Recommend CPAP Machines to Drivers with OSA.............. III-9 CPAP Equipment Loses Ground to Auto-PAP Devices III-9 Table 68: US Sleep Therapy Products Market by Type of Device (2013, 2015E & 2017P): Percentage Breakdown of Unit Shipments for Auto-PAP, Bi-Level PAP, and CPAP Devices (includes corresponding Graph/Chart) III-10 Technology Driving Ventilator Design, Features, etc III-10 HHS Sponsors Project for Developing Innovative Mechanical Ventilator.............. III-11 Home Care Ventilation Provides Rescue from Rising Cost of Care III-11 Reimbursement for Ventilation III-11 Nebulizers Market on the Rise III-12 Strong Growth Prospects for LTOT Equipment Market III-12 Growth Saturates for Gas Cylinders III-13 Home Filling - An Emerging Market III-13 Oxygen Concentrators Market Witnesses Growth III-13 Competitive Scenario..............III-14 Oxygen Equipment Market Witnesses Intense Competition III-14 Table 69: The US Oxygen Concentrators Market by Leading Player (2014) - Percentage Share Breakdown of Value Sales for Invacare, Philips Respironics, and Others (includes corresponding Graph/Chart) III-15

Table 70: The US Medical Ventilators Market by Leading Player (2014) - Percentage Share Breakdown of Value Sales for CareFusion, Medtronics/Covidien, Dräger Medical, Getinge and Others (includes corresponding Graph/Chart) III-15

Table 71: The US Sleep Apnea Diagnostics Devices Market by Leading Player (2014): Percentage Share Breakdown of Value Sales for Compumedics, Embla, Grass Technologies, Nihon Kohden, Philips Respironics and Others (includes corresponding Graph/Chart) III-16

Table 72: The US Sleep Apnea Therapeutic Devices Market by Leading Player (2014): Percentage Share Breakdown of Value Sales for Fisher and Paykel, Philips Respironics, ResMed and Others (includes corresponding Graph/Chart) III-16

Table 73: The US Nebulizers Market by Leading Player (2014): Percentage Share Breakdown of Value Sales for DeVilbiss Healthcare, Invacare, Philips Respironics, and Others (includes corresponding Graph/Chart) III-16

Table 74: The US Compressor-based Nebulizers Market by Leading Player (2014): Percentage Share Breakdown of Value Sales for DeVilbiss Healthcare, Invacare, and Others (includes corresponding Graph/Chart) III-17 Reimbursement Scenario..............III-17 Evolution of CMS Competitive Bidding Program III-17 Reimbursement for Ventilation III-18 Reimbursement Changes to Boost OSA Market III-19 Oxygen Therapy and Reimbursements III-19 Declining LTOT Reimbursement Impacts Effectiveness of Patient Oxygenation, Move to Prove Counterproductive in the Long Term..............III-20 Table 75: The US Long Term Oxygen Therapy (LTOT) Payments by Type of Payer (2015E): Percentage Breakdown of Payments for Medicaid, Medicare, Patient Out-of Pocket, and Private Medical Insurance Payors (includes corresponding Graph/Chart) III-21 Trade Statistics.............. III-22 Table 76: The US Exports of Ozone, Oxygen or Aerosol Therapy, Artificial Respiration, or Other Therapeutic Respiration Apparatus by Destination Country (2014): Percentage Breakdown of Value Exports for Brazil, Canada, China, France, Germany, India, Japan, Mexico, The Netherlands, The United Kingdom, and Others (includes corresponding Graph/Chart) III-22

Table 77: The US Imports of Ozone, Oxygen or Aerosol Therapy, Artificial Respiration, or Other Therapeutic Respiration Apparatus by Country of Origin (2014): Percentage Breakdown of Imports for Value Imports for Australia, Canada, China, Germany, Ireland, Mexico, New Zealand, Singapore, Sweden, Thailand, and Others (includes corresponding Graph/Chart) III-22 Product Launches..............III-23 Strategic Corproate Developments III-27 Select Major Players..............III-29 B.Market Analytics..............III-34 Table 78: The US Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-34

Table 79: The US Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-35

Table 80: The US 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-36

2. CANADA.............. III-37 A.Market Analysis.............. III-37 Current & Future Analysis..............III-37 Export-Import Statistics..............III-37 Table 81: Canadian Exports of Ozone, Oxygen or Aerosol Therapy, Artificial Respiration, or Other Therapeutic Respiration Apparatus by Destination Country (2014): Percentage Breakdown of Value Exports for China, France, Germany, Mexico, Netherlands, Saudi Arabia, Singapore, South Korea, the United Kingdom, the United States, and Others (includes corresponding Graph/Chart) III-37

Table 82: Canadian Imports of Ozone, Oxygen or Aerosol Therapy, Artificial Respiration, or Other Therapeutic Respiration Apparatus by Country of Origin (2014): Percentage Breakdown of Value Imports for Australia, China, France , Germany, Ireland, Mexico, New Zealand, Sweden, Switzerland, the United States, and Others (includes corresponding Graph/Chart)..............III-38 Product Introduction..............III-38 B.Market Analytics..............III-39 Table 83: Canadian Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-39

Table 84: Canadian Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-40

Table 85: Canadian 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-41

3. JAPAN.............. III-42 A.Market Analysis.............. III-42 Demographics Drive Market Growth III-42 Table 86: Japanese Elderly (65+ Years) Population: 2000-2020 (includes corresponding Graph/Chart) III-42 Japanese Medical Equipment Market - A Perspective III-42 Product Introduction..............III-43 B.Market Analytics..............III-44 Table 87: Japanese Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-44

Table 88: Japanese Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-45

Table 89: Japanese 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-46

4. EUROPE.............. III-47 A.Market Analysis.............. III-47 European Healthcare System: In a State of Transition? III-47 Current & Future Analysis..............III-47 Ageing Demography - An Opportunity Indicator III-47 Table 90: European Country-wise Statistics of 60+ Population as % of Total Population: 2013 (includes corresponding Graph/Chart)..............III-48 Sleep Apnea Diagnostics - A Growing Market III-49 Competitive Scenario..............III-49 European Ventilators Market..............III-49 Market Outlook.............. III-50 Home Care Ventilation Hits the Right Chord III-50 NIV Vendors Target Private Sector, Less Penetrated and New Markets.............. III-51 Vendor Concerns - Myriad and More III-51 Product Launch.............. III-51 B.Market Analytics..............III-52 Table 91: European Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-52

Table 92: European Historic Review for Respiratory Care Equipment & Supplies by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-53

Table 93: European Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-54

Table 94: European Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-55

Table 95: European 14-Year Perspective for Respiratory Care Equipment & Supplies by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) III-56

Table 96: European 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-57

4a. FRANCE.............. III-58 A.Market Analysis.............. III-58 Product Launch.............. III-58 B.Market Analytics..............III-59 Table 97: French Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-59

Table 98: French Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-60

Table 99: French 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-61

4b. GERMANY.............. III-62 A.Market Analysis.............. III-62 Sleep Apnea Diagnostic and Therapeutic Devices III-62 Product Launches..............III-62 Select Key Players..............III-62 B.Market Analytics..............III-65 Table 100: German Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-65

Table 101: German Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-66

Table 102: German 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-67

4c. ITALY.............. III-68 Market Analysis.............. III-68 Table 103: Italian Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-69

Table 104: Italian Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-70

Table 105: Italian 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-71

4d. THE UNITED KINGDOM..............III-72 A.Market Analysis.............. III-72 Sleep Disorders: Low Diagnosis Rate Bodes Market Opportunities III-72 Product Introductions..............III-72 Strategic Corporate Development III-73 GE Healthcare - A Key UK Player III-73 B.Market Analytics..............III-74 Table 106: The UK Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-74

Table 107: The UK Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-75

Table 108: The UK 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-76

4e. SPAIN.............. III-77 Market Analysis.............. III-77 Table 109: Spanish Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-78

Table 110: Spanish Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-79

Table 111: Spanish 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-80

4f. RUSSIA.............. III-81 A.Market Analysis.............. III-81 Home Healthcare Devices Flourishes in Russia III-81 B.Market Analytics..............III-82 Table 112: Russian Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-82

Table 113: Russian Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-83

Table 114: Russian 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-84

4g. REST OF EUROPE.............. III-85 A.Market Analysis.............. III-85 Current & Future Analysis..............III-85 Ventilators Market at a Glance III-85 Acute, Sub-acute Growth to Slow Down III-85 Home Care Ventilator Growth - A Case of Popularity Dispersion III-86 Competitive Landscape..............III-86 Table 115: East European Mechanical Ventilators Market by Leading Players (2014): Percentage Share Breakdown by of Value Sales for Covidien/ Medtronic, Dräger Medical, GE Healthcare and Others (includes corresponding Graph/Chart) III-86 Product Introductions..............III-86 Strategic Corporate Activity III-87 Select Key Players..............III-87 B.Market Analytics..............III-90 Table 116: Rest of Europe Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-90

Table 117: Rest of Europe Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-91

Table 118: Rest of Europe 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-92

5. ASIA-PACIFIC.............. III-93 A.Market Analysis.............. III-93 Current & Future Analysis..............III-93 Asia-Pacific: An Untapped, Potent Market for Respiratory Care Devices.............. III-93 Challenges Abound for Device Manufacturers III-93 India & China Offer Significant Growth Opportunities III-94 Table 119: China and India Lead Global Population (July 2013): Table Depicting China and India's Huge Population Vis-a-vis Other Countries' Population (in Million) by Age Group (includes corresponding Graph/Chart) III-95 An Insight into the Asia-Pacific Medical Industry III-95 B.Market Analytics..............III-96 Table 120: Asia-Pacific Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-96

Table 121: Asia-Pacific Historic Review for Respiratory Care Equipment & Supplies by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-97

Table 122: Asia-Pacific 14-Year Perspective for Respiratory Care Equipment & Supplies by Geographic Region - Percentage Breakdown of Dollar Sales for China, India and Rest of Asia-Pacific Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-98

Table 123: Asia-Pacific Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-99

Table 124: Asia-Pacific Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-100

Table 125: Asia-Pacific 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-101

5a. CHINA.............. III-102 A.Market Analysis.............. III-102 Increasing Expenditure on Healthcare Sector III-102 Ventilators - The Largest Market Segment III-102 Domestic Player Dominate Chinese Oxygen Concentrator Market III-103 Product Launch.............. III-103 Strategic Corporate Development III-103 B.Market Analytics..............III-104 Table 126: Chinese Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-104

Table 127: Chinese Historic Review for Respiratory Care Equipment & Supplies by Product Segment - Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-105

Table 128: Chinese 14-Year Perspective for Respiratory Care Equipment & Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Spirometers, Other Pulmonary Function Testing Equipment, Sleep Apnea Diagnostic Devices, Ventilators, Humidifiers, Nebulizers, PAP Devices, Oxygen Equipment, Manual Resuscitators, and Masks, Circuits & Disposables Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-106

5b. INDIA.............. III-107 A.Market Analysis.............. III-107 A High Potential Market..............III-107 Indian Ventilator Market- An Overview III-107 Indian Ventilator Market to Witness Steady Growth in Future III-107 Non-Invasive Ventilation: The Preferred Choice III-108 Table 129: Indian Ventilators Market by Type of Equipment (2013 & 2014): Percentage Breakdown of Value Sales by Segment - Imported, Indigenous, Refurbished, and Others (includes corresponding Graph/Chart) III-108 Huge Opportunities for Expanding Neonatal Ventilator Market from Current Niche III-109 A Peek into the Indian Medical Oxygen Business Environment III-109 Indian Oxygen Concentrator Market to Surge III-110 Imported Brands Dominate the Indian Oxygen Concentrator Market.............. III-110 India Sleep Apnea Diagnosis and Therapy Devices Market Gearing to Take Off..............III-111 Strategic Corporate Developments III-111 B.Market Analytics..............III-112 Table 130: Indian Recent Past, Current & Future Market Analysis for Respiratory Care Equipment & Supplies