Respiratory Care Devices Market Size 2024-2032 Global Industrial Analysis, Market Share, Top Key Players

Respiratory Care Devices Market

According to the report published by Zion Market Research, the global Respiratory Care Devices Market size was valued at USD 20.99 Billion in 2023 and is predicted to reach USD 43.99 Billion by the end of 2032. The market is expected to grow with a CAGR of 8.57% during the forecast period. The report analyzes the global Respiratory Care Devices Market ’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Respiratory Care Devices Market industry.

Global Respiratory Care Devices Market: Overview

Respiratory care devices fall under the category of medical devices that are used for treatment, control, evaluation, management, diagnostic and care of patients with an abnormality in the cardiopulmonary system. These devices are used in degenerative lung diseases such as emphysema and chronic bronchitis, asthma and acute & chronic respiratory diseases. The market is growing significantly owing to the increase in the chronic obstructive pulmonary diseases (COPD). The respiratory care devices are used in both homecare and hospital settings. The respiratory devices have shifted from being stationary to portable. There has been an increase in the usage of portable devices.

Global Respiratory Care Devices Market: Segmentation

The respiratory care devices market is segmented globally on the basis of type, end user, diseases/disorder and geography. On the basis of type, the market is segregated into therapeutic devices, diagnostic devices, monitoring devices and consumables and accessories. The therapeutic devices are further sub-segmented into PAP devices, ventilators, humidifiers, inhalers, nitric oxide delivery units, masks, nebulizers, oxygen concentrators, reusable resuscitators and oxygen hoods. Monitoring devices segment is sub-segmented into pulse oximeters, gas analyzers and capnographs.

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Diagnostics devices segment is sub-classified as spirometers, peak flow meters, polysomnography devices, peak flow meters and others. Further segmentation of the consumables and accessories segment is as follows disposable masks, tracheostomy tubes, disposable resuscitators and others. On the basis of diseases, the respiratory care devices market is categorized as chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, infectious diseases and others. The different end users of the respiratory care devices market include ambulatory care, hospitals and home care. Geographically, the market is diversified into North America, Asia-Pacific, Europe and Rest of the World.

Global Respiratory Care Devices Market: Growth Factors

The key driving factors of the global respiratory care devices market include the increase in the number of patients that have chronic pulmonary obstructive diseases, the change in the environment and lifestyle, the new launching of the product coupled with a strong pipeline of the product, rapid urbanization, and rise in the aged population. The respiratory care devices market is in great demand in the home care segment. In addition, the positive government support has fuelled the market growth. The factor that hampers the market growth include lack of awareness of the consumers, risks involved in the therapeutic devices for neonates and the excise tax levied on the devices negatively affects the market growth.

Global Respiratory Care Devices Market: Regional Analysis

The global respiratory care devices market is dominated by the North America followed by Europe. The factors that are contributing to this growth include the large pool of respiratory disease patients due to lifestyles such as smoking and tobacco habits, highly developed health care infrastructure and availability of trained personnel to operate the advanced respiratory devices. The Asia Pacific region is also growing significantly. The factors such as developing health care infrastructure and the increasing disposable income are driving the market growth.

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