Respiratory Care Devices Market Trends, Industry & Size 2031

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.

Get Free Sample Report

Market Trends, Drivers, Restraints, and Opportunities:

• 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.

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.

Get Free Sample Report

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.

Get Free Sample Report

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.

Get Free Sample Report