Respiratory Care Devices Market Trends, Industry & Size 2031

Respiratory Care Devices Market Trends, Industry & Size 2031

Segments - Global Respiratory Care Devices Market by Products (Therapeutic Respiratory Care Devices [Positive Airway Pressure (PAP) Devices, Oxygen Concentrator, Ventilators, Inhalers, Nebulizers, Humidifiers, Reusable Resuscitators, Nitric Oxide Delivery Units, and Oxygen Hoods], Respiratory Care Monitoring Devices [Pulse Oximeters, Capnography, and Gas Analyzers], Diagnostic Respiratory Care Devices [Spirometers, Polysomnography Devices, Peak Flow Meters, and Others], Consumables and Accessories [Masks, Disposable Resuscitators, Tracheostomy Tubes, Breathing Circuits, Nasal Cannula, and Others), Disease Indications (COPD, Sleep Apnea, Asthma, Infectious Diseases, and Others), End-users (Hospitals, Home Care, and Ambulatory Care), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

https://growthmarketreports.com/raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Vishal
Editor : Vishal Golekar

Upcoming | Report ID :HC-3845 | 4.2 Rating | 64 Reviews | 212 Pages | Format : PDF Excel PPT

Report Description


The global respiratory care devices market is anticipated to expand at a CAGR of 8% during the forecast period, 2021–2028. Respiratory care devices refer to medical equipment that is used to diagnose, treat, assess, and care for patients with respiratory disorders. Diagnostic, therapeutic, Hand monitoring tasks are the primary functions of these devices.

They help to ensure a smooth respiration process by supplying enough oxygen to the lungs and preventing blockages in the process. Mechanical breathing gas is provided to patients with compromised respiratory functioning via respiratory devices. The natural breathing effort is supported by an overpressure with aided respiration. The inhalations and exhalations are automatically adjusted in current respiratory devices. Respiratory devices can be used for a variety of purposes, including emergency breathing devices, long-term breathing devices, and mobile home respiratory devices.

Early identification of the patient's breathing phase is critical when controlling high-quality respiratory equipment. The device can only reduce the patient's respiratory effort in this way. A highly sensitive thermal mass flow sensor or another highly dynamic differential pressure sensor is used to measure the patient's spontaneous breathing effort and overall respiratory activity.

Global Respiratory Care Devices Market Summary

  • Increasing prevalence of respiratory disorders as a result of rapid development in the global older population, rising prevalence of tobacco smoking, modernization and rising levels of pollution, and changing lifestyle are the primary factors driving the growth of the respiratory care devices market.
  • Rising number of patients with chronic pulmonary obstructive illnesses is one of the key driving factors of the respiratory care devices market.
  • Growing incidence of premature births along with the increasing older population is also impacting the demand for respiratory care devices, which can drive the market growth.
  • Expanding healthcare spending and rising innovation of miniature devices are expected to drive the growth of the market in the coming years.
  • Excessive device taxes and risks associated with the therapeutic devices can restrict the market expansion during the forecast period.
  • Lack of awareness related to respiratory care devices among people possess major challenges that can hinder the market growth in the coming years.
  • Rising requirement for home care therapeutic devices is estimated to create opportunities for market players.

Scope of the Report

The report on the global respiratory care devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Respiratory Care Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Therapeutic Respiratory Care Devices [Positive Airway Pressure (PAP) Devices, Oxygen Concentrator, Ventilators, Inhalers, Nebulizers, Humidifiers, Reusable Resuscitators, Nitric Oxide Delivery Units, and Oxygen Hoods], Respiratory Care Monitoring Devices [Pulse Oximeters, Capnography, and Gas Analyzers], Diagnostic Respiratory Care Devices [Spirometers, Polysomnography Devices, Peak Flow Meters, and Others], Consumables and Accessories [Masks, Disposable Resuscitators, Tracheostomy Tubes, Breathing Circuits, Nasal Cannula, and Others), Disease Indications (COPD, Sleep Apnea, Asthma, Infectious Diseases, and Others), and End-users (Hospitals, Home Care, and Ambulatory Care

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Philips Healthcare, ResMed, Medtronic, Masimo., Fisher & Paykel Healthcare Limited., Drägerwerk AG & Co. KGaA, Invacare Corporation, Nihon Kohden Corporation, Getinge AB., and Air Liquide Medical Systems

Global Respiratory care devices Market Segment Insights

Therapeutic respiratory care devices segment to account a major market share

Based on products, the market can be divided into therapeutic respiratory care devices, respiratory care monitoring devices, diagnostic respiratory care devices, and consumables and accessories. The therapeutic respiratory care devices accounted for a large share of the respiratory care devices market in 2020.  Among therapeutic devices, the inhalers segment is expected to grow at heathier rate during the forecast period. Inhalers are commonly used to treat serious respiratory illnesses. The increased prevalence of asthma is a major factor driving the inhalers segment growth during the forecast period.

Global Respiratory Care Devices Market Products

COPD segment to hold a key market share

In terms of disease indications, the respiratory care devices market can be segregated into COPD, sleep apnea, asthma, infectious diseases, and others. The COPD segment is expected to account for a key share of the market during the forecast period, attributed to the growing prevalence of smoking and environmental factors.

Hospitals segment to constitute a significant share during the forecast period

On the basis of end-users, the market can be divided into hospitals, home care, and ambulatory care. The hospitals segment is anticipated to account for a significant share of the market during the forecast period. Growing public-private partnerships to increase access to healthcare services, as well as rapid advancements in healthcare infrastructure and better access to healthcare services, are expected to be the key drivers of the respiratory care devices market in emerging economies.

Global Respiratory Care Devices Market End Users

The market in Asia Pacific to exhibit a high CAGR

Based on regions, the global respiratory care devices market can be classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period due to the presence of a large number of respiratory patients, rising healthcare expenditure, rapidly developing healthcare infrastructure, rising per capita income, growing middle-class population, and growing prevalence of tobacco smoking in the region.

Global Respiratory Care Devices Market Region

Segments

Segments Covered in the Report:
By Products

  • Therapeutic Respiratory Care Devices
    • Positive Airway Pressure (PAP) Devices
    • Oxygen concentrator
    • Ventilators
    • Inhalers
    • Nebulizers
    • Humidifiers
    • Reusable Resuscitators
    • Nitric Oxide Delivery Units
    • Oxygen Hoods
  • Respiratory Care Monitoring Devices Systems
    • Pulse Oximeters
    • Capnography
    • Gas Analyzers
  • Diagnostic Respiratory Care Devices
    • Spirometers
    • Polysomnography Devices
    • Peak Flow Meters
    • Other Diagnostic Devices
  • Consumables and Accessories
    • Masks
    • Disposable Resuscitators
    • Tracheostomy Tubes
    • Breathing Circuits
    • Nasal Cannula
    • Other Consumables and Accessories

By Disease Indications

  • COPD
  • Sleep Apnea
  • Asthma
  • Infectious Diseases
  • Others

By End-users

  • Hospitals
  • Home Care
  • Ambulatory Care

By Regions

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

By Key Players

  • Philips Healthcare
  • ResMed
  • Medtronic
  • Masimo.
  • Fisher & Paykel Healthcare Limited.
  • Drägerwerk AG & Co. KGaA
  • Invacare Corporation
  • Nihon Kohden Corporation
  • Getinge AB.
  • Air Liquide Medical Systems

 

Competitive Landscape

Some of the key players in the respiratory care devices market include Philips Healthcare, ResMed, Medtronic, Masimo., Fisher & Paykel Healthcare Limited., Drägerwerk AG & Co. KGaA, Invacare Corporation, Nihon Kohden Corporation, Getinge AB., and Air Liquide Medical Systems.

Global Respiratory Care Devices Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Respiratory Care Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Respiratory Care Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Respiratory Care Devices Market - Supply Chain
  4.5. Global Respiratory Care Devices Market Forecast
     4.5.1. Respiratory Care Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Respiratory Care Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Respiratory Care Devices Market Absolute $ Opportunity
5. Global Respiratory Care Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Respiratory Care Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Respiratory Care Devices Demand Share Forecast, 2019-2026
6. North America Respiratory Care Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Respiratory Care Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Respiratory Care Devices Demand Share Forecast, 2019-2026
7. Latin America Respiratory Care Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Respiratory Care Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Respiratory Care Devices Demand Share Forecast, 2019-2026
8. Europe Respiratory Care Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Respiratory Care Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Respiratory Care Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Respiratory Care Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Respiratory Care Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Respiratory Care Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Respiratory Care Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Respiratory Care Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Respiratory Care Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Respiratory Care Devices Market: Market Share Analysis
  11.2. Respiratory Care Devices Distributors and Customers
  11.3. Respiratory Care Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Philips Healthcare
     11.4.2. ResMed
     11.4.3. Medtronic
     11.4.4. Masimo.
     11.4.5. Fisher & Paykel Healthcare Limited.
     11.4.6. Drägerwerk AG & Co. KGaA
     11.4.7. Invacare Corporation

Methodology

Our Clients

General Mills
Siemens Healthcare
FedEx Logistics
General Electric
Pfizer
Dassault Aviation
Honda Motor Co. Ltd.
The John Holland Group