Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.
As per the respiratory devices and equipment (therapeutic and diagnostic) market report by The Business Research Company, the increase in diseases such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and lung cancer will drive the market. Growth in the geriatric population, tobacco consumption, allergens, and air pollutants increase the prevalence of respiratory diseases, in turn driving the global therapeutic respiratory devices market.
The global respiratory devices and equipment (therapeutic and diagnostic) market size will grow from $29.09 billion in 2022 to $32.76 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The respiratory devices and equipment (therapeutic and diagnostic) market size is expected to grow to $50.54 billion in 2027 at a CAGR of 11.5%.
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Major competitors in the respiratory devices and equipment (therapeutic and diagnostic) market include Smiths Medical, Philips Healthcare, GE Healthcare, Chart Industries, Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed, Dragerwerk AG, Medtronic PLC., Masimo corp., and CareFusion Corporation.
The respiratory devices and equipment (therapeutic and diagnostic) market is segmented -
•By Type: Diagnostic devices, Therapeutic devices, Monitoring devices
•By End User: Hospitals, Clinics, Homecare settings, Ambulatory service centers,
•By Therapeutic Devices: Humidifiers, Nebulizers, Oxygen concentrators, Positive Airway Pressure (PAP) Devices, Ventilators, Other Therapeutic Devices
•By Diagnostic Devices: Spirometer, Polysomnographs, Peak Flow Meters
•By Monitoring Devices: Pulse oximeters, Capnographs, Gas analyzers
•By Application: Chronic Obstructive Pulmonary Disease (COPD), Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, Pneumonia
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic and diagnostic) market.
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Respiratory devices and equipment (therapeutic and diagnostic) are used to provide medication or assist a patient who is having difficulty in breathing and cannot achieve adequate oxygen levels to maintain life. Patients with respiratory disorders such as asthma, cystic fibrosis, chronic obstructive pulmonary disease, and acute respiratory distress syndrome require respiratory devices.
The Table Of Content For The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Include:
1. Executive Summary
2. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Characteristics
3. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Trends And Strategies
4. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market - Macro Economic
5. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Size And Growth
6. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Segmentation
……
26. Africa Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market
27. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market
29. Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Future Outlook and Potential Analysis
30. Appendix
The "Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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