According to IMARC Group’s latest report, titled “Respiratory Care Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global respiratory care devices market size reached US$ 18.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.4 Billion by 2027, exhibiting a growth rate (CAGR) of 8.43% during 2022-2027.
Respiratory care devices represent the medical equipment used for the treatment, diagnosis, assessment, and care of patients suffering from pulmonary diseases. Nebulizers, positive airway pressure (PAP) devices, spirometers, inhalers, humidifiers, etc., are some of the commonly available respiratory care devices. They generally perform diagnostic, therapeutic, and monitoring functions. These devices assist in ensuring a smooth respiration process by providing an adequate amount of oxygen to the lungs and preventing any blockage in the process.
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Respiratory Care Devices Market Trends:
The growing prevalence of respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD), asthma, tuberculosis, etc., is primarily driving the respiratory care devices market. Additionally, the increasing number of smokers, sedentary lifestyles, and stressful routines are augmenting the incidences of lung cancer, which is further catalyzing the market growth. Besides this, the expanding geriatric population, the rising healthcare expenditure capacities, and the development of miniature devices are acting as significant growth-inducing factors.
Moreover, both premature newborns and the elderly tend to have weak immune systems and require several breathing support devices for facilitating artificial breathing and preventing respiratory disorders, including Newborn Respiratory Distress Syndrome (RDS), which is positively influencing the global market. Apart from this, government bodies and non-governmental organizations (NGOs) are investing in R&D activities to make quality healthcare facilities accessible to all, along with developing new and improving the existing healthcare infrastructures.
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The Report offers a comprehensive analysis of the industry, which comprises insights on the global market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Competitive Landscape with Key Players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Philips Healthcare
- Chart Industries Inc.
- Hamilton Medical
- Medtronic, Masimo
- Invacare Corporation
- Allied Healthcare Products Inc
- 3B Medical Inc.
- Air Liquide
- Fisher & Paykel Healthcare
- GE Healthcare
- Vyaire Medical Inc.
- Rotech Healthcare Inc.
Key Market Segmentation:
The report has categorized the market based on product, indication and end-user.
Breakup by Product:
- Therapeutic Devices
- Positive Airway Pressure (PAP) Devices
- Monitoring Devices
- Pulse Oximeters
- Gas Analyzers
- Diagnostic Devices
- Polysomnography Devices
- Peak Flow Meters
- Consumables and Accessories
- Disposable Resuscitators
- Breathing Circuits
- Tracheostomy Tubes
- Nasal Cannulas
Breakup by Indication:
- Chronic Obstructive Pulmonary Disease (COPD)
- Sleep Apnea
- Infectious Disease
Breakup by End-User
- Home Care Settings
- Ambulatory Care Centers
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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