Respiratory Care Devices Market Is Expected to Grasp the Value of 36.66 billion by 2029: Size, Shares, Trends, Growth and Revenue Outlook

July 5, 2022 |

13 min read

Respiratory Care Devices Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Respiratory Care Devices market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

Respiratory Care Devices Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Respiratory Care Devices market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

The therapeutic devices held the largest share of the respiratory care devices market. Data Bridge Market Research analyses that the respiratory care devices market was valued at USD 18.40 billion in 2021 and is further estimated to reach USD 36.66 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Patients suffering from acute and chronic respiratory illnesses benefit from respiratory care devices. With increasing age, the respiratory system undergoes significant anatomical, physiological, and immunological changes. The structural abnormalities, which include deformities in the chest wall and thoracic spine, hinder the respiratory system's function and cause breathing problems.

Segmentation:-

Global Respiratory Care Devices Market, By Product (Therapeutic Devices, Monitoring Devices, Consumables and Accessories), End User (Hospitals, Homecare Settings)-Industry Trends and Forecast to 2029

Major Players:-

Drägerwerk AG & Co. KGaA (Germany)
Fisher & Paykel Healthcare Limited. (New Zealand)
General Electric Company (US)
Getinge AB (Sweden)
Inogen, Inc. (US)
Masimo. (US)
Medtronic (US)
Koninklijke Philips N.V. (Netherlands)
ResMed (US)
VYAIRE. (US)
3B Medical Inc. (US)
Airon Corporation (US)
alpha trace medical systems (Austria)
APEX MEDICAL CORP. (Taiwan)
Besco Medical (China)
Bio-Med Devices (US)
BPL Medical Technologies (India)
CAIRE Inc. (US)
Teleflex Incorporated (US)
Nonin. (US)
Precision Medical, Inc. (US)
SERVONA GmbH (Germany)
Flight-Medical Innovations Ltd. (Israel)
CONTEC MEDICAL SYSTEMS CO.,LTD (China)

Recent Development

In April 2020, The PHILIPS RESPIRONICS E30 VENTILATOR was introduced by Philips. This will allow the company to assist healthcare professionals by providing high-quality ventilators.

The respiratory care devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to respiratory care devices market.

Respiratory Care Devices Market Developments

In August 2019, Hill-Rom Services Inc. announced that they had agreed for the acquisition of Breathe Technologies, Inc. for an approximate amount of USD 130 million. The innovative products and technologies acquired will help the company enhance their business models while helping utilize the highly effective sales channels existent with Hill-Rom’s business. The acquisition is evident of the company’s strategy to utilize their capital for the business expansion and improvements of their product offerings.

Scope of the Respiratory Care Devices Market

Global respiratory care devices market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).

All country based analysis of the respiratory care devices market is further analysed based on maximum granularity into further segmentation. On the basis of product, the market is segmented as therapeutic devices, monitoring devices, diagnostic devices and consumables & accessories. Indication has been segmented into COPD, sleep apnea, asthma, infectious diseases and other indications. End user has been categorized as hospitals, home care settings, ambulatory care centers and others.

Respiratory care devices are the collection of medical devices which are responsible for the provision of different types of healthcare related services such as diagnosis, treatment, monitoring and other forms of associated services. The major products under this category are designed for the treatment/control of asthma, COPD, and other majorly prevalent respiratory disorders.

Key Pointers Covered in the Respiratory Care Devices Market Industry Trends and Forecast to 2026

Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Market Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

Respiratory Care Devices Market Dynamics

Drivers

Major factors that are expected to boost the growth of the respiratory care devices market in the forecast period are as follows:

Rise in the incidence of respiratory diseases

Demand for respiratory care is directly driven by infectious respiratory diseases. The pandemic has increased demand for personal protective equipment and ventilators, among other things will further anticipated to propel the growth of the respiratory care devices market.

Government initiatives

Government and non-profit initiatives such as the global initiative for asthma (GINA), awareness campaigns, and research funding have all had an impact on the industry is a vital factor expected to drive the growth of the respiratory care devices market.

Increase in the geriatric population

In recent years, the global geriatric population has grown at an unprecedented rate. Aging is linked to a progressive decline in lung function as well as an increase in the prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma which will further accelerate the growth of the market.

Opportunities

In addition, the rise in the need for home care therapeutic devices is further estimated to provide potential opportunities for the growth of the respiratory care devices market in the coming years.

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: PIPELINE ANALYSIS

• Pipeline analysis

PART 06: MARKET SIZING

• Market definition
• Market sizing
• Market size and forecast

PART 07: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

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A complete picture of the competitive scenario of the Respiratory Care Devices Market is depicted by this report.

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It also provides a complete assessment of the future market and the changing market scenario.

Analyses of the Respiratory Care Devices Market and have a comprehensive understanding of the Industry Analysis and Respiratory Care Devices Market Forecast 2022-2029 and its commercial landscape.

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