Global Respiratory Care Devices Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2024 –2031 |
Marktgröße (Basisjahr) | USD 21.86 Billion |
Marktgröße (Prognosejahr) | USD 43.56 Billion |
CAGR |
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Wichtige Marktteilnehmer |
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Global Respiratory Care Devices Market Segmentation, By Product (Therapeutic Devices, Monitoring Devices, Consumables and Accessories), End User (Hospitals, Homecare Settings) - Industry Trends and Forecast to 2031.
Respiratory Care Devices Market Analysis
Patients suffering from acute and chronic respiratory illnesses benefit from respiratory care devices. With increasing age, the respiratory system undergoes significant anatomical, physiological, and immunological changes. The structural abnormalities, which include deformities in the chest wall and thoracic spine, hinder the respiratory system's function and cause breathing problems.
Respiratory Care Devices Market Size
Global respiratory care devices market size was valued at USD 21.86 billion in 2023 and is projected to reach USD 43.56 billion by 2031, with a CAGR of 9.00% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
Attributes |
Respiratory Care Devices Key Market Insights |
Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Key Market Players |
Drägerwerk AG & Co. KGaA (Germany), Fisher & Paykel Healthcare Limited. (New Zealand), General Electric Company (US), Getinge AB (Sweden), Inogen, Inc. (US), Masimo. (US), Medtronic (US), Koninklijke Philips N.V. (Netherlands), ResMed (US), VYAIRE. (US), 3B Medical Inc. (US), Airon Corporation (US), alpha trace medical systems (Austria), APEX MEDICAL CORP. (Taiwan), Besco Medical (China), Bio-Med Devices (US), BPL Medical Technologies (India), CAIRE Inc. (US), Teleflex Incorporated (US), Nonin. (US), Precision Medical, Inc. (US), SERVONA GmbH (Germany), Flight-Medical Innovations Ltd. (Israel), CONTEC MEDICAL SYSTEMS CO.,LTD (China). |
Market Opportunities |
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Respiratory Care Devices Market Definition
Medical equipment used for the diagnosis, management, care, control, treatment, and evaluation of patients with cardiopulmonary disorders is referred to as a respiratory care device. These are used to treat degenerative lung diseases such as asthma, emphysema, chronic bronchitis, and other chronic and acute respiratory illnesses.
Respiratory Care Devices Market Dynamics
Drivers
Major factors that are expected to boost the growth of the respiratory care devices market in the forecast period are as follows:
- Rise in the incidence of respiratory diseases
Demand for respiratory care is directly driven by infectious respiratory diseases. The pandemic has increased demand for personal protective equipment and ventilators, among other things will further anticipated to propel the growth of the respiratory care devices market.
- Government initiatives
Government and non-profit initiatives such as the global initiative for asthma (GINA), awareness campaigns, and research funding have all had an impact on the industry is a vital factor expected to drive the growth of the respiratory care devices market.
- Increase in the geriatric population
In recent years, the global geriatric population has grown at an unprecedented rate. Aging is linked to a progressive decline in lung function as well as an increase in the prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma which will further accelerate the growth of the market.
Opportunities
In addition, the rise in the need for home care therapeutic devices is further estimated to provide potential opportunities for the growth of the respiratory care devices market in the coming years.
Restraints/Challenges
On the other hand, the unsuitable reimbursement scenario and accessibility of low-cost products from local manufacturers is further projected to impede the growth of the respiratory care devices market in the targeted period. However, the little to no awareness and a large underdiagnosed and undertreated population might further challenge the growth of the respiratory care devices market in the near future.
This respiratory care devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the respiratory care devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Respiratory Care Devices Market
The pandemic of COVID-19 has had a huge impact on the respiratory care devices market. Several hospitals have been quickly established to treat the growing number of patients. To accommodate rising demand, critical care equipment are being produced in larger quantities. As a result of the pandemic, alliances between healthcare and non-healthcare sectors have formed to create respiratory care equipment. However, in the post-COVID scenario, there is a growing demand for respiratory care devices.
Respiratory Care Devices Market Scope
The respiratory care devices market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Therapeutic Devices
- Positive Airway Pressure (PAP) Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- Automatic Positive Airway Pressure (APAP) Devices
- Bi-Level Positive Airway Pressure (BPAP) Devices
- Masks
- Nasal Masks
- Full-Face Masks
- Nasal Pillow Masks
- Oral Masks
- Ventilators
- Adult Ventilators
- Infant/Neonatal Ventilators
- Nebulizers
- Humidifiers
- Oxygen Concentrators
- Fixed Oxygen Concentrators
- Portable Oxygen Concentrators
- Inhalers
- Dry Powder Inhalers
- Metered Dose Inhalers
- Soft Mist Inhaler
- Reusable Resuscitators
- Adult Resuscitators
- Infant/Neonatal Resuscitators
- Nitric Oxide Delivery Units
- Capnographs
- Gas Analyzers
- Oxygen Hoods
- Positive Airway Pressure (PAP) Devices
- Monitoring Devices
- Pulse Oximeters
- Pediatric Pulse Oximeters
- Wrist-Worn Pulse Oximeters
- Handheld Oximeter
- Fingertip Pulse Oximeter
- Table-Top/Bedside Pulse Oximeters
- Diagnostic Devices
- Spirometers
- Polysomnography (PSG) Devices
- Peak Flow Meters
- Pulse Oximeters
- Consumables
- Disposable Resuscitators
- Tracheostomy Tubes
- Nasal Cannulas
- Disposable Masks
- Other Consumables
- Accessories
End User
- Hospitals
- Homecare Settings
On the basis of end user, the respiratory care devices market is segmented into hospitals and homecare settings.
Respiratory Care Devices Market Regional Analysis
The respiratory care devices market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the respiratory care devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the respiratory care devices market due to the improved diagnosis. Furthermore, the suitable reimbursement policies will further boost the growth of the respiratory care devices market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the respiratory care devices market due to the rise in the levels of pollution in the advancing nation. Moreover, the initiatives by the countries is further anticipated to propel the growth of the respiratory care devices market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The respiratory care devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for respiratory care devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the respiratory care devices market. The data is available for historic period 2010-2020.
Respiratory Care Devices Market Share
The respiratory care devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to respiratory care devices market.
Respiratory Care Devices Market Leaders Operating in the Market Are:
- Drägerwerk AG & Co. KGaA (Germany)
- Fisher & Paykel Healthcare Limited. (New Zealand)
- General Electric Company (US)
- Getinge AB (Sweden)
- Inogen, Inc. (US)
- Masimo. (US)
- Medtronic (US)
- Koninklijke Philips N.V. (Netherlands)
- ResMed (US)
- VYAIRE. (US)
- 3B Medical Inc. (US)
- Airon Corporation (US)
- alpha trace medical systems (Austria)
- APEX MEDICAL CORP. (Taiwan)
- Besco Medical (China)
- Bio-Med Devices (US)
- BPL Medical Technologies (India)
- CAIRE Inc. (US)
- Teleflex Incorporated (US)
- Nonin. (US)
- Precision Medical, Inc. (US)
- SERVONA GmbH (Germany)
- Flight-Medical Innovations Ltd. (Israel)
- CONTEC MEDICAL SYSTEMS CO.,LTD (China)
Latest Development in Respiratory Care Devices Market
- In April 2020, The PHILIPS RESPIRONICS E30 VENTILATOR was introduced by Philips. This will allow the company to assist healthcare professionals by providing high-quality ventilators.
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