Published June 21, 2023

Respiratory Care Device Market Scope & Overview

According to SNS Insider’s report, the Respiratory Care Device Market reached a value of USD 19.49 billion in 2022 and is projected to reach USD 38.55 billion by 2030, with an anticipated compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.

Respiratory care devices are medical equipment and devices used in the management and treatment of various respiratory conditions. These devices play a crucial role in supporting and maintaining adequate respiratory function in patients who have difficulty breathing or require assistance with ventilation. They are designed to deliver respiratory therapies, provide supplemental oxygen, remove secretions, and support the airway.

Key Players Covered in Respiratory Care Device market report are: Koninklijke Philips N.V., ResMed, Medtronic, Fisher and Paykel Healthcare Limited, BD, Chart Industries Inc., Drägerwerk, AG & Co. KGaA, Hamilton Medical, Teleflex Incorporated, 3M and other players

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Market Analysis

The respiratory care device market has witnessed significant growth in recent years and is expected to continue expanding in the foreseeable future. Respiratory care devices are essential medical equipment used to manage and treat respiratory disorders such as asthma, chronic obstructive pulmonary disease (COPD), and sleep apnea. These devices help in maintaining proper respiratory function, improving the quality of life for patients, and reducing hospital stays. The rising incidence of respiratory disorders, particularly in developing countries, is driving the demand for respiratory care devices.

Impact of Recession

Recessions can have a notable impact on the respiratory care device market, causing a decline in consumer spending, healthcare budget constraints, changes in demand patterns, and shifts in government healthcare policies. However, these challenges can also pave the way for innovation and the emergence of cost-effective solutions. The ability of manufacturers, healthcare providers, and policymakers to adapt to changing market dynamics and address the evolving needs of patients will be crucial in navigating the impact of a recession on the market.

Segmentation Analysis

The therapeutic devices segment and hospitals play pivotal roles in the respiratory care device market. Technological advancements, increasing prevalence of respiratory diseases, and the trend towards home healthcare drive the dominance of therapeutic devices. Meanwhile, hospitals’ critical care services, expertise, infrastructure, and collaborations solidify their position in the market. As the market continues to grow, these segments will continue to be the driving forces behind its advancement, ultimately benefiting patients worldwide.

Respiratory Care Device Market Segmentation as Follows:

By Product:

  • Therapeutic Devices
  • Monitoring Devices
  • Diagnostic Devices
  • Consumables and Accessories

By Indication:

  • Chronic Obstructive Pulmonary Disease (COPD)
  • Asthma
  • Sleep Apnea
  • Infectious Disease
  • Others

By End-User

  • Hospitals
  • Home Care Settings
  • Ambulatory Care Centers
  • Others

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Regional Status & Analysis

North America’s ascendancy in the respiratory care device market can be attributed to a combination of factors, including technological advancements, a well-established healthcare infrastructure, a rising prevalence of respiratory diseases, an aging population, and strategic collaborations. As the region continues to prioritize respiratory healthcare and invest in research and development, it is expected to maintain its dominant position in the market. The market in North America presents significant growth potential, promising improved patient outcomes and a healthier future for individuals suffering from respiratory ailments.


The market is poised for significant growth in the coming years. Factors such as the increasing prevalence of respiratory diseases, aging populations, technological advancements, healthcare spending, and the impact of the COVID-19 pandemic are driving the demand for respiratory care devices. The market offers ample opportunities for manufacturers to develop innovative, user-friendly, and cost-effective devices to meet the growing needs of patients worldwide.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for respiratory care device market growth?

  • The market is projected to exceed USD 38.55 billion by the year 2030.

What are the major factors influencing the respiratory care device market?

  • Governments and private organizations across the globe are investing heavily in healthcare infrastructure, including respiratory care facilities.

Who are the leading players in the respiratory care device market?

  • Koninklijke Philips N.V., Chart Industries Inc., ResMed, Medtronic, Fisher and Paykel Healthcare Limited, BD, Drägerwerk, Teleflex Incorporated, 3M.

Table of Content

1. Introduction

2. Research Methodology

3. Market Dynamics

Chapter 4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Respiratory Care Device Market Segmentation on the basis of Product:

9. Global Respiratory Care Device Market Segmentation on the basis of Indication:

10. Global Respiratory Care Device Market Segmentation on the basis of End-User

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

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