Global Respiratory Devices Market Report 2023: North America Leads the Respiratory Care Devices Market, Asia-Pacific Expected to Witness High Single Digit CAGR

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Jul 24, 2023, 05:45 ET

DUBLIN, July 24, 2023 /PRNewswire/ -- The "Respiratory Devices Global Market - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The respiratory care devices global market is estimated is expected to grow at a mid single digit CAGR from 2022 to 2029 to reach $24,866.6 million by 2029.

Technological advancements in respiratory care devices and funding for the development of innovative respiratory technologies further boost the growth of market.

The market is being propelled by several factors, including the rising incidence and prevalence of respiratory diseases like Asthma, COPD, and others. The growing elderly population and the subsequent rise in the occurrence of respiratory disorders also contribute to the market's growth.

Whereas rising use of non - invasive respiratory care devices, advancements in respiratory care devices, funding for the development of innovative respiratory care technologies and favorable reimbursement are providing immense opportunities to the market. However, product recalls, adverse effects associated with some of the respiratory care devices, availability of alternative respiratory care devices and stringent regulations are hampering the growth of the market.

Report Highlights:

Product Segmentation: The respiratory care devices market is divided into diagnostic, therapeutic, monitoring devices, and consumables. Among these, therapeutic devices lead the market, with a projected mid single-digit CAGR growth from 2022 to 2029.

Key Therapeutic Devices: The therapeutic devices market is further segmented into various categories such as humidifiers, nebulizers, oxygen concentrators, PAP devices, ventilators, inhalers, neuromodulation devices, and airway clearance devices. PAP devices dominate the global market, showing a high single-digit CAGR growth, while neuromodulation devices are expected to witness a high double-digit CAGR growth from 2022 to 2029.

Comprehensive Analysis of Humidifiers and Nebulizers: The humidifiers market includes active and passive humidifiers, with active humidifiers holding the largest revenue in 2022 and projected to grow at a low single-digit CAGR from 2022 to 2029. The nebulizers market comprises jet nebulizers, ultrasonic nebulizers, mesh nebulizers, and smart nebulizers, with jet nebulizers as the top revenue generator in 2022 and expected to grow at a mid single-digit CAGR from 2022 to 2029.

Monitoring Devices: Monitoring devices encompass pulse oximeters, capnographs, gas analyzers, and others. Among these, pulse oximeters lead the market with a low single-digit CAGR growth from 2022 to 2029, while capnographs are projected to grow at a low single-digit CAGR during the same period.

Application and End-User Segmentation: The market is segmented based on applications into obstructive, restrictive, vascular, infectious, and other respiratory conditions. Obstructive respiratory conditions hold the largest revenue in 2022 and are anticipated to grow at a mid single-digit CAGR from 2022 to 2029. Hospitals are the largest end-user segment in 2022, with the market expected to grow at a mid single-digit CAGR during the forecast period.

Regional Analysis: North America leads the market in 2022 and is projected to grow at a mid single-digit CAGR from 2022 to 2029. Asia-Pacific is expected to witness high single-digit CAGR growth, driven by increasing healthcare expenditure, rising prevalence of respiratory disorders, and government initiatives promoting research and development of innovative respiratory care technologies.

The major companies in Respiratory care devices are

Medtronic (Ireland)
Getinge Groups (Maquet GmbH) (Sweden)
Vyaire Medical, Inc (U.S.)
Resmed Inc (U.S.)
Philips N.V. (TheNetherlands)
Fisher and Paykel healthcare (New Zealand)
Dragerwerk AG & Co. KGaA (Germany)
Air Liquide S.A (France)
Masimo (U.S.)
Inspire Medical (U.S.)

Market Dynamics

Drivers and Opportunities

Rising Incidences of Respiratory Diseases Such as Copd, Asthma, and Sleep Apnea, Which Has Resulted in a Higher Demand for Respiratory Care Devices
Growing Geriatric Population and the Consequent Increase in the Incidence of Respiratory Disorders Among Them, Creating a Substantial Demand for Respiratory Care Devices
Rising Use of Non-Invasive Respiratory Care Devices
Advancements in Respiratory Care Devices and Funding for the Development of Innovative Respiratory Care Technologies
Favorable Reimbursement Scenario

Restraints and Threats

Product Recalls
Harmful Side Effects Associated With the Use of Certain Respiratory Care Devices
Availability of Low-Cost Products from Local Manufacturers
Availability of Alternatives Treatments Such as Medication and Surgery
Stringent Regulatory Policies

Regulatory Affairs

U.S.
Europe
India
China
Japan
Iso Standards

Porter's Five Force Analysis

Supply Chain Analysis

Market Share Analysis

Respiratory Care Devices Global Market Share
Ventilator Global Market Share Analysis
Pap Global Market Share Analysis
Cpap Global Market Share Analysis
Apap Global Market Share Analysis
Bpap Global Market Share Analysis

Reimbursement Scenario

Technological Advancements

Integrated Devices
Non - Invasive Nanosensor Based Wearble Respiratory Monitoring
Ai Based Respiratory Monitoring
High Velocity Therapy
Digital Technologies in Respiratory Devices
Advanced Neonatal Respiratory Solutions
Neonatal Lung Monitoring
Neovent
Self - Care Respiratory Monitor

Funding Scenario

Clinical Trials

Companies Mentioned

AB Industries ( Max Ventilator)
ABM Respiratory Care
Acare Technology Co., Ltd.
Acurable
Aevice Health
Air Liquide Medical Systems SA
Airon Corporation
ALBEDO Medical Devices Co.,Ltd.
Ambu A/S
Avanos Medical
Baxter International INC (Hillrom)
Besco Medical Co.Ltd.
Besmed Health Business Corp.
Bio-Med Devices, Inc.
Bird Healthcare
BPL medical technologies
Breas Medical
Bunnell Inc.
Caire Inc.
Carl Reiner GmbH
ChoiceMMed (Beijing Choice Electronic Technology Co., Ltd)
CIDELEC
Mindray
Monaghan Medical Corporation
Movair
ndd Medical Technologies
Neola Medical
nice Neotech Medical Systems Private Limited
Nihon Kohden Corporation
Nonin Medical Inc
Nonin Medical, Inc
Nox Medical
O2 concepts. LLC
Omron Healthcare
O-Two Medical Technologies Inc.
Oxitone Medical Ltd
Cleveland Medical Devices Inc.
Compumedics
Contec Medical Systems Co.,Ltd
Cosmed srl
Deas S.R.L.
DeyMed Diagnostic s.r.o (Czech Republic)
Diamedica Limited
DR Burton Healthcare LLC
Dragerwerk AG & Co. KGaA
Drive Medical (Devilbiss Healthcare)
dymedso inc
ESAB Corporation (GCE Healthcare)
FANEM Ltda
Fisher and Paykel healthcare
Flexicare Medical Limited
Flight-Medical Innovations Ltd.
Galemed Corporation
GE Healthcare
Geratherm Respiratory GmbH
Gerresheimer
Getinge Groups
Hamilton Medical AG
PARI Medical Holding GmbH
Philips N.V.
Precision Medical Inc
Pulmodyne, Inc
React Health
Recipharm
Resmed, Inc
Senzime (Respiratory Motion Inc)
Servona GmbH
Shenyang Canta Medical Tech. Co., Ltd.
Shenzhen Homed Medical Device Co.Ltd.
Strados Labs
Hans Rudolph, Inc
Hayek Industries Inc
Heyer medical AG
Hospitech respiration
Iconovo
ICUmedical (Smith medical)
Inspiration Healthcare Group PLC
Inspired Medical
Intersurgical Ltd
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
Lowenstein Medical
Masimo corporation
Medel International srl
Medical Developments International UK Limited
Medical Econet GmbH
medin Medical Innovations GmbH
MediPines Corporation
Medtronic, PLC
MEK-ICS Co Ltd
Mercury medical
Merxin Ltd
MicroBase Technology Corporation
Sibelmed
SOMNOmedics GmbH
SunMed, LLC
Sunset Healthcare Solutions Inc.
Tecme S.A.
Trudell Medical
Vapotherm Inc.
Vitalograph, Inc
Vyaire Medical Inc.
WILAmed GmbH

For more information about this report visit https://www.researchandmarkets.com/r/wbbdvf

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