Therapeutic Respiratory Devices Market Size

Global Therapeutic Respiratory Devices Market size was valued at USD 17.8 billion in 2023 and is poised to grow from USD 18.92 billion in 2024 to USD 30.85 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032). 

Therapeutic respiratory devices are intended to help patients in need of support for breathing, carbon dioxide removal and therapy to prevent abdominal wall muscles from atrophying due to lack of use. The factors fueling market expansion are surge in ageing population, increase in respiratory disease prevalence, and swift technology advancements. Additionally, the market is anticipated to rise as more people use therapeutic respiratory equipment such nebulizers, humidifiers, and oxygen concentrators. As these devices offer medical intervention in both acute and chronic patient care, respiratory therapeutic devices are more preferred by doctors and patients for the treatment of respiratory illnesses. The prevalence of smoking-related respiratory diseases is rising along with the number of smokers. The market share is therefore driven by rising rates of various respiratory disorders and technical improvements in therapeutic devices.

US Therapeutic Respiratory Devices Market is poised to grow at a sustainable CAGR for the next forecast year.