Global Respiratory Care Devices Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 21.86 Billion |
 Market Size (Forecast Year) |
USD 43.56 Billion |
 CAGR |
% |
| Major Markets Players |
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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
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Attributes |
Respiratory Care Devices Key Market Insights |
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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 |
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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). |
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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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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
