Respiratory Care Devices Market Size, Share, Growth Analysis, By Product Type(Ventilators, Nebulizers, CPAP Devices, BiPAP Devices), By End-User(Hospitals, Home Care Settings, Ambulatory Surgical Centers, and Clinics), By Application(Chronic Obstructive Pulmonary Disease (COPD), Asthma, and Sleep Apnea.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2270 | Region: Global | Published Date: April, 2024
Pages: 219 |Tables: 96 |Figures: 76

Respiratory Care Devices Market Insights

Global Respiratory Care Devices Market size was valued at USD 20.8 billion in 2022 and is poised to grow from USD 22.59 billion in 2023 to USD 43.71 billion by 2031, growing at a CAGR of 8.60% in the forecast period (2024-2031).

In recent years, the worldwide Respiratory Care Devices market has been converting purchaser possibilities due to the growing occurrence of breathing illnesses along with chronic obstructive pulmonary ailment (COPD), allergies, and sleep apnea is a primary motive force. Technological advancements in respiratory care gadgets, along with transportable and smart devices, contribute to improved patient results and compliance.

Additionally, the market is characterized by means of the presence of key gamers supplying a huge range of respiratory care devices. Moreover, the shift in the direction of home-based healthcare and the development of innovative devices for remote patient monitoring are emerging traits. Regulatory tasks and requirements for breathing care devices play an essential function in shaping the marketplace panorama. Regional variations in the superiority of respiratory diseases, healthcare infrastructure, and economic elements have an impact on market dynamics. North America and Europe have nicely-hooked up healthcare systems, even as Asia-Pacific shows vast growth ability because of increasing healthcare expenditure and focus.

Market Snapshot - 2024-2031

Global Market Size

USD 20.8 billion

Largest Segment

Ventilators

Fastest Growth

Nebulizers

Growth Rate

8.60% CAGR

Global Respiratory Care Devices Market ($ Bn)
Country Share for North America Region (%)

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Respiratory Care Devices Market Segmental Analysis

The global Respiratory Care Devices market is segmented into four major segments i.e. by Product Type, End-User, Application, and region. Based on Type, it is divided into Ventilators, Nebulizers, CPAP Devices, BiPAP Devices, Humidifiers, Oxygen Concentrators, Inhalers, Resuscitators. Based on End-User, it is bifurcated as Hospitals, Home Care Settings, Ambulatory Surgical Centers, Clinics. Based on Application it is segregated into, Chronic Obstructive Pulmonary Disease (COPD), Asthma, Sleep Apnea. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Analysis by Type

Ventilator devices are able to dominate the market, mainly because of their important role in managing severe respiratory conditions. The increased awareness and demand for ventilation during the COVID-19 pandemic has highlighted the importance of intensive care units. In addition, continuous improvements in ventilation technology contribute to increased adoption for various respiratory conditions.

Portable nebulizers may revel in speedy growth due to the growing trend of home-based total healthcare and the choice for handy and portable breathing devices. As sufferers are seeking more bendy and reachable options for handling breathing situations like asthma, transportable nebulizers offer a user-friendly solution. The ease of use, coupled with technological innovations in compact and battery-operated nebulizers, contributes to their capability as the fastest-developing product.

Analysis by Application

COPD, characterized by chronic bronchitis and emphysema, is probably to dominate the market due to its excessive incidence globally. The growing old population, coupled with life-style factors along with smoking, contributes to the growing prevalence of COPD. Patients with COPD regularly require long-time period breathing care, such as the use of ventilators, nebulizers, and oxygen concentrators, thereby riding the demand for respiratory care devices.

Sleep apnea is expected to be the fastest growing category, driven by increased awareness and recognition of sleep-related breathing problems. Technological advances in sleep breathing devices such as CPAP and BiPAP devices contribute to the widespread acceptance of home therapy. Increasing understanding of the effects of sleep apnea on overall health may lead to the demand for mechanical respiratory therapy in sleep apnea users.

Global Respiratory Care Devices Market By Type

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Respiratory Care Devices Market Regional Insights

North America is in all likelihood to dominate the marketplace due to its properly-hooked up healthcare infrastructure, high incidence of respiratory diseases, and great investments in healthcare technology. The vicinity's sturdy research and improvement sports, coupled with a proactive technique to adopting advanced respiratory care gadgets, make a contribution to its management within the market. Additionally, the presence of key market gamers and favorable repayment guidelines similarly helps North America's dominance.

Asia-Pacific is anticipated to be the fastest-developing place, normally pushed by factors inclusive of the growing focus of breathing fitness, growing healthcare expenditure, and a big populace base. The place's rising economies, inclusive of India and China, are witnessing great investments in healthcare infrastructure. The growing prevalence of breathing illnesses, coupled with the adoption of innovative breathing care devices, contributes to the rapid growth of the market in Asia-Pacific.

Global Respiratory Care Devices Market By Region
  • Largest
  • Fastest

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Respiratory Care Devices Market Dynamics

Drivers

Increasing Prevalence of Respiratory Diseases

  • The increasing prevalence of respiratory diseases, including chronic obstructive pulmonary disease (COPD), and asthma, acts as a major cause, requiring the use of respiratory monitoring devices for effective use Technologically advances in these devices, such as portable nebulizers and smart inhalers It also increases patient compliance and treatment outcomes. Increased awareness of respiratory health, coupled with a growing aging population worldwide, is driving the demand for these devices.

Restraints

High Cost Associated with Advanced Respiratory Care Devices

  • One of the major market constraints is the high cost associated with advanced respiratory monitoring devices, which limits access to healthcare systems with limited patient populations and budgetary constraints Regulatory challenges and complex procedures as the approval process for these devices presents challenges, resulting in long lead times. Furthermore, ongoing economic uncertainty in certain regions and economic pressures on healthcare may restrain the market growth. Concerns about the environmental impact of disposable respirators and the need for sustainable manufacturing practices also pose challenges

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Respiratory Care Devices Market Competitive Landscape

The aggressive environment of the Respiratory Care Devices market is dynamic and characterised by way of excessive competition amongst key players vying for market share and innovation. Established multinational groups and emerging gamers contribute to a dynamic environment wherein technological improvements and product differentiation play pivotal roles. Key competitors' recognition of increasing their product portfolios, emphasizing person-pleasant and technologically superior gadgets, and strategic collaborations to reinforce their market presence. The market is various, presenting a number of devices from ventilators and nebulizers to CPAP and BiPAP machines.

Top Player’s Company Profiles

  • Philips Respironics
  • Medtronic plc
  • ResMed
  • Getinge AB
  • GE Healthcare
  • Hill-Rom Holdings Inc.
  • Draegerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare Corporation
  • Teleflex Incorporated
  • Vapotherm, Inc.
  • ZOLL Medical Corporation
  • Hamilton Medical AG
  • PARI GmbH
  • Smiths Medical
  • Compumedics Limited
  • Weinmann Emergency Medical Technology GmbH & Co. KG
  • Drive DeVilbiss Healthcare
  • Vyaire Medical
  • Air Liquide
  • Invacare Corporation

Recent Developments

  • In April 2024, Viemed Healthcare, Inc., a national leader in respiratory care and technology-enabled home medical equipment services, announced the finalization of its strategic partnership with East Alabama Health, providing Viemed with the controlling interest of East Alabama HomeMed, LLC. HomeMed provides home medical equipment services to patients within the EAH network as well as those in the surrounding areas of Eastern Alabama. 
  • In March 2024, Medline, a market-leading manufacturer and supplier of medical supplies and solutions, announced the successful acquisition of the manufacturing rights and intellectual property of AG Cuffill from Hospitech Respiration Ltd. The compact and intuitive syringe-like device provides an accurate solution for measuring both pressure and volume of airway cuffs in all clinical settings. 
  • In February 2024, ResMed launched its AirCurve 11 series devices, the company’s newest bilevel devices that use two levels of support, inspiratory positive airway pressure (IPAP) and expiratory positive airway pressure (EPAP), combined with digital technology to make it easier for healthcare providers to treat sleep apnea and to help patients start and stay on therapy.

Respiratory Care Devices Key Market Trends

  • Rising Emphasis on Remote Patient Monitoring: The increasing emphasis on remote disease surveillance and remote healthcare solutions, is driving the development of new respiratory monitoring devices that allow for better management of respiratory conditions at home. The integration of smart technologies, such as IoT-enabled inhalers and digital platforms for data tracking, increases patient engagement and adherence to treatment regimens Another important factor is the demand for devices with compact portable breathing apparatus with increasing patient breathing -Provides greater mobility and flexibility in health care management.

Respiratory Care Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Global Respiratory Care Devices market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is driven by rising incidence of respiratory diseases, technological advancements and increasing awareness of respiratory health. However, high costs and stringent regulations are deterrents. Production is dominated by wind turbines, driven by critical care requirements.

North America leads the market due to strong healthcare infrastructure, while the Asia-Pacific region exhibits high growth. Key trends include increasing focus on remote patient monitoring, development of smart respirators, and shift towards sustainable manufacturing practices, which are shaping the respiratory therapy device market dynamic state.

Report Metric Details
Market size value in 2022 USD 20.8 billion
Market size value in 2031 USD 43.71 billion
Growth Rate 8.60%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Ventilators, Nebulizers, CPAP Devices, BiPAP Devices, Humidifiers, Oxygen Concentrators, Inhalers, and Resuscitators
  • End-User
    • Hospitals, Home Care Settings, Ambulatory Surgical Centers, and Clinics
  • Application
    • Chronic Obstructive Pulmonary Disease (COPD), Asthma, and Sleep Apnea.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Philips Respironics
  • Medtronic plc
  • ResMed
  • Getinge AB
  • GE Healthcare
  • Hill-Rom Holdings Inc.
  • Draegerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare Corporation
  • Teleflex Incorporated
  • Vapotherm, Inc.
  • ZOLL Medical Corporation
  • Hamilton Medical AG
  • PARI GmbH
  • Smiths Medical
  • Compumedics Limited
  • Weinmann Emergency Medical Technology GmbH & Co. KG
  • Drive DeVilbiss Healthcare
  • Vyaire Medical
  • Air Liquide
  • Invacare Corporation
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Respiratory Care Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Respiratory Care Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Respiratory Care Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Respiratory Care Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Respiratory Care Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Respiratory Care Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Respiratory Care Devices Market size was valued at USD 20.8 billion in 2022 and is poised to grow from USD 22.59 billion in 2023 to USD 43.71 billion by 2031, growing at a CAGR of 8.60% in the forecast period (2024-2031).

The aggressive environment of the Respiratory Care Devices market is dynamic and characterised by way of excessive competition amongst key players vying for market share and innovation. Established multinational groups and emerging gamers contribute to a dynamic environment wherein technological improvements and product differentiation play pivotal roles. Key competitors' recognition of increasing their product portfolios, emphasizing person-pleasant and technologically superior gadgets, and strategic collaborations to reinforce their market presence. The market is various, presenting a number of devices from ventilators and nebulizers to CPAP and BiPAP machines. 'Philips Respironics', 'Medtronic plc', 'ResMed', 'Getinge AB', 'GE Healthcare', 'Hill-Rom Holdings Inc.', 'Draegerwerk AG & Co. KGaA', 'Fisher & Paykel Healthcare Corporation', 'Teleflex Incorporated', 'Vapotherm, Inc.', 'ZOLL Medical Corporation', 'Hamilton Medical AG', 'PARI GmbH', 'Smiths Medical', 'Compumedics Limited', 'Weinmann Emergency Medical Technology GmbH & Co. KG', 'Drive DeVilbiss Healthcare', 'Vyaire Medical', 'Air Liquide', 'Invacare Corporation'

The increasing prevalence of respiratory diseases, including chronic obstructive pulmonary disease (COPD), and asthma, acts as a major cause, requiring the use of respiratory monitoring devices for effective use Technologically advances in these devices, such as portable nebulizers and smart inhalers It also increases patient compliance and treatment outcomes. Increased awareness of respiratory health, coupled with a growing aging population worldwide, is driving the demand for these devices.

Rising Emphasis on Remote Patient Monitoring: The increasing emphasis on remote disease surveillance and remote healthcare solutions, is driving the development of new respiratory monitoring devices that allow for better management of respiratory conditions at home. The integration of smart technologies, such as IoT-enabled inhalers and digital platforms for data tracking, increases patient engagement and adherence to treatment regimens Another important factor is the demand for devices with compact portable breathing apparatus with increasing patient breathing -Provides greater mobility and flexibility in health care management.

North America is in all likelihood to dominate the marketplace due to its properly-hooked up healthcare infrastructure, high incidence of respiratory diseases, and great investments in healthcare technology. The vicinity's sturdy research and improvement sports, coupled with a proactive technique to adopting advanced respiratory care gadgets, make a contribution to its management within the market. Additionally, the presence of key market gamers and favorable repayment guidelines similarly helps North America's dominance.

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