PRESS RELEASE
Published September 5, 2023
As per the study initiated by Evolve Business Intelligence, the global Respiratory Devices market size accounted for USD 18.10 billion in 2022, growing at a CAGR of 6.15% from 2023 to 2033. The respiratory devices market involves the production and distribution of medical devices used to assist or manage respiratory conditions. These devices include ventilators, nebulizers, oxygen concentrators, CPAP machines, and inhalers, among others. The market is driven by factors such as the increasing prevalence of respiratory diseases, the growing aging population, technological advancements in respiratory devices, and the rising demand for home-based healthcare solutions.
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Key Highlights:
- The global Respiratory Devices Market size was valued at USD 18.10 billion in 2022 growing at a CAGR of 6.15% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Respiratory Devices Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors’ market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Respiratory Devices market report also includes the following data points:
- COVID19 Impact on Respiratory Devices market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Respiratory Devices market
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Key Players
Some of the major Respiratory Devices players holding high market share include Massimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited and ResMed Inc.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Massimo Corporation
- Teleflex Incorporated
- Fisher & Paykel Healthcare Limited
- ResMed Inc.
- Hamilton Medical AG
- Medtronic plc.
- Koninklijke Philips N.V.
- Smith’s Medical
- General Electric Healthcare Limited
- Drägerwerk AG & Co. KGaA
- Inogen Inc.
Segmental Analysis
Market Segment By Product with focus on market share, consumption trend, and growth rate of Respiratory Devices Market:
- Respiratory Mask
- Nasal Cannulas
- Oxygen Tubing Sets
- Breathing Filters
- Compressed Jet Nebulizers
- Ultrasonic Nebulizers
- Home Oxygen Concentrators
- Portable Oxygen
- Concentrators`
- Positive Airway Pressure (PAP) Devices
- Polysomnography Devices
- Ambulatory PSG Devices
- Clinical PSG Devices
- Pulse Oximeters
- Mechanical Ventilators
- Spirometers
Market Segment By end-user with focus on market share, consumption trend, and growth rate of Respiratory Devices Market:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Long Term Care Centers
- Others
| Parameters | Details |
| Market Size (2022) | $ 18.10 billion |
| CAGR (2023 to 2033) | 6.15% |
| Market Segmentation | Product, end-user |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Respiratory Devices Geographic Coverage:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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