Global Respiratory Care Devices
Market Report
2024
The Respiratory Care Devices market was valued at USD 19.20 billion in 2022 and will reach USD 37.14 billion by 2030, registering a CAGR of 8.6 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Respiratory Care Devices market was valued at USD 19.20 billion in 2022 and will reach USD 37.14 billion by 2030, registering a CAGR of 8.6 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Respiratory Care Devices Market Sales Revenue 2030 | $ 33.26 Billion |
Global Respiratory Care Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.38% |
Market Split by Product |
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Market Split by Disease Conditions |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Respiratory care is a healthcare discipline that is useful for the advancement of optimum cardiopulmonary function and wellness. Respiratory devices are used for the patient’s convenience in breathing and the removal of carbon dioxide. Well-advanced application of technology enables the patient to prevent any kind of acute or chronic dysfunction of the cardiopulmonary system. Respiratory care is a clinical practice that prevents problems caused by smoke inhalation and thermal burns. They are the devices used to provide humidification to the inspired gas, supplemental oxygen, and therapeutic aerosols. Air cleaners, nebulizers, pulse oximetry meters, home oxygen concentrators, and portable oxygen cylinders are used as respiratory devices.
There is a significant increase in chronic respiratory diseases such as lung disease, pulmonary disease, asthma, COPD, pulmonary sarcoidosis, and pneumoconiosis such as silicosis and asbestosis. They are the diseases which are non-communicable diseases worldwide. Respiratory diseases have less public attention and less research funding than cardiovascular diseases. All these provide better information regarding prevention, screening, and treatment to avoid mortality. And with this, there is an increase in respiratory diseases which expands the market of respiratory care devices.
Respiratory care also includes the equal and quantifiable cost of emergency visits in the hospital. All asthma and chronic obstructive pulmonary disease conditions require economic cost to reduce the adverse effects respectively. According to the World Health Organization COPD will become the third leading cause of death across the world. The increase in the demand for respiratory devices shows a significant growth in the market.
The outbreak of COVID 19 had a positive impact on the global respiratory care devices. There was an increase in demand for elective surgeries, normal doctor patient visits, and screening procedures that were delayed due to pandemic as there was unexpected growth in the market. There is subsequent increase in the home care facilities that will drive the demand for the respiratory devices market in that sector. In October 2021, International Biophysics corporation announced the Luisa, an innovative ventilator which was beneficial for the hospitals, institutions and for portable applications of both invasive and non-invasive ventilation.
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A pulse oximeter was used for measuring the oxygen level in the body and is useful for patient monitoring during anesthesia and intensive care management. It had many operating rooms and recovery beds that still lacked pulse oximetry.
It was a medical sieve-based oxygen concentrator that provided a continuous supply of oxygen with a high-concentration output. It was mainly designed for home care users and maintained the lifestyle needs of patients with COPD and respiratory problems.
Top Companies Market Share in Respiratory Care Devices Industry: (In no particular order of Rank)
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The Respiratory devices market is further segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The largest share of this segment is acquired by the North American region. According to WHO, 65 million people have suffered from COPD and more than 100 people have suffered from sleep breathing disorders. According to NIH’s update, several respiratory diseases such as COPD Asthma, and Tuberculosis, are expected to boost the market growth. Advanced research and developmental strategies are launched which leads to significant growth in the market.
The current report Scope analyzes Respiratory Care Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Respiratory Care Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Respiratory Care Devices Industry growth. Respiratory Care Devices market has been segmented with the help of its Product, Disease Conditions End User, and others. Respiratory Care Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The therapeutic devices segment is expected to hold the largest market share from the years 2023-2030
On the basis of product, it is further divided into therapeutic respiratory care devices, inhalers, ventilators, nebulizers, humidifiers, and reusable resuscitators. Different types of therapeutic devices are nebulizers, humidifiers, oxygen concentrators, ventilators, inhalers, and positive airway pressure. An inhaler is one of the important therapeutic devices used as a breathing medicine through your mouth to your lungs.
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COPD is expected to be one of the fastest-growing segments in the forecast period.
On the basis of the disease indications, it is further divided into COPD, sleep apnea, asthma, infectious diseases, and others. COPD is a long-term lung disease that causes airflow and breathing problems. It is also called chronic bronchitis. COPD is due to chronic bronchitis and emphysema. People suffering from COPD are unable to breathe properly. COPD is mainly increasing due to changing lifestyles and increasing smoking consumption.
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The hospital segment is estimated to gain the largest share during the forecast period.
This segment is further divided into hospitals, home care, and ambulatory care. Hospitals mainly increase the market growth of respiratory devices. A hospital is a place where proper treatment is provided for mild to moderate respiratory illness. Hospitals help patients with symptoms such as cystic fibrosis and other pulmonary conditions. Hospitals provide non-invasive ventilation products to make the treatment easier to deliver and help to stay connected during therapy.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Respiratory Care Devices Market is witnessing significant growth in the near future.
In 2023, the Therapeutic Respiratory Care Devices segment accounted for noticeable share of global Respiratory Care Devices Market and is projected to experience significant growth in the near future.
The COPD segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Philips Healthcare , Masimo Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Therapeutic Respiratory Care Devices, Inhalers Respiratory Care Devices, Ventilators Respiratory Care Devices, Nebulizers Respiratory Care Devices, Humidifiers Respiratory Care Devices, Reusable Resuscitators |
Disease Conditions | COPD, Sleep Apnea, Asthma, Infectious Diseases, Others |
End User | Hospitals, Home Care, Ambulatory Care |
List of Competitors | Philips Healthcare, ResMed Inc, Masimo Corporation, Chart Industries, Invacare Corporation, Medtronic, ResMed, General Electric Company |
This chapter will help you gain GLOBAL Market Analysis of Respiratory Care Devices. Further deep in this chapter, you will be able to review Global Respiratory Care Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Disease Conditions Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Respiratory Care Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Therapeutic Respiratory Care Devices have a significant impact on Respiratory Care Devices market? |
What are the key factors affecting the Therapeutic Respiratory Care Devices and Inhalers Respiratory Care Devices of Respiratory Care Devices Market? |
What is the CAGR/Growth Rate of COPD during the forecast period? |
By type, which segment accounted for largest share of the global Respiratory Care Devices Market? |
Which region is expected to dominate the global Respiratory Care Devices Market within the forecast period? |
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