Respiratory Care Devices Market Size, Demands, Growth Rate (8.5%) and Top Companies Philips Healthcare, ResMed Inc., Medtronic plc, Masimo Corporation, Fisher & Paykel Healthcare

The Respiratory Care Devices Market research report is a point-by-point investigation of the Respiratory Care Devices industry that represents considerable authority in recognizing the development capability of the global Respiratory Care Devices Market and potential opportunities in the market. Secondary information comes from government distributions, master interviews, audits, studies, and confided in journals. The data recorded in the report range ten years, trailed by a methodical audit to lead a top to bottom investigation of the Respiratory Care Devices Market. Moreover, the report covers a broad examination of the key market players in the market, alongside their business outline, development plans, and procedures.

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The respiratory care devices market is expected to reach USD 27.6 billion by 2026 from USD 18.4 billion in 2021, at a CAGR of 8.5% during the forecast period of 2021 to 2026.

Due to the outbreak of corona virus globally, there is a sudden rise in the demand for respiratory care devices. The major factor driving the growth of the respiratory care devices market is the high prevalence of respiratory diseases as a result of the rapid growth in the global geriatric population, high prevalence of tobacco smoking, urbanization and growing levels of pollution, and changing lifestyle. However, factors such as the presence of an unfavorable reimbursement scenario and the availability of low-cost products from local manufacturers are expected to restrain the growth of this market during the forecast period.

“COPD segment is anticipated to witness the fastest growth during the forecast period.”

COPD is a medical term referring to a group of lung diseases, including chronic bronchitis and emphysema. It is an inflammatory and progressive life-threatening lung disease characterized by a persistent blockage of airflow from the lungs. One of the major causes of COPD is tobacco smoking. According to the US CDC, as many as eight in 10 COPD-related deaths are due to smoking. Additionally, rising indoor (biomass fuel) and outdoor air pollution levels, exposure to dust and chemicals (vapors, irritants, and fumes), genetic disorders, and increasing geriatric population are other factors driving the prevalence of COPD. The elements, as mentioned above, are expected to drive the demand for respiratory care devices during the forecast period.

“Hospitals is the largest end-user segment in the respiratory care devices market in 2020”

Based on end-user, the respiratory care devices market is divided into hospitals, home care settings and ambulatory care. Hospitals form the largest end-user segment of the respiratory care devices market. This can largely be attributed to the financial capabilities of hospitals to purchase expensive equipment and the availability of trained professionals in hospitals to operate respiratory care devices. Hospitals provide respiratory care services to patients through various departments, such as intensive care units, emergency rooms, outpatient departments, and pulmonary diagnostic laboratories, among others. Moreover, COVID-19 has tremendously impacted o the hospital segment. Several hospitals have been established in order to cure an increasing number of patients infected from the coronavirus.

“North America will continue to dominate the respiratory care devices market in 2026”

The respiratory care devices market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the respiratory care devices market. The large share of North America in this market can be attributed to the outbreak of COVID-19, which has driven the demand for respiratory devices in North America. Due to its growing geriatric population segment and environmental conditions that have favored the spread of the disease, COVID-19 has severely affected the region and ensured enormous growth in the demand for respiratory care devices. Players in this and adjacent, or even non-related, markets have focused on or collaborated for expanding the manufacturing of critical care instruments and respiratory care devices.

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1: 35%, Tier 2: 40%, and Tier 3: 28%
By Designation - C-level: 20%, Director-level: 35%, and Others: 45%
By Region - North America: 30%, Europe: 27%, Asia Pacific: 25%, Latin America: 10%, and the Middle East & Africa: 8%

Philips Healthcare (Netherlands), ResMed Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), Fisher & Paykel Healthcare (New Zealand), Drager AG (Germany), Invacare Corporation (US), Nihon Kohden (Japan), Getinge AB (Sweden), Air Liquide (France).

Research Coverage:

The report analyzes the respiratory care devices market and aims at estimating the market size and future growth potential of various market segments, based on type, indication, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

Market Penetration: Comprehensive information on the product portfolios of the top players in the respiratory care devices market. The report analyzes this market by type, indication, end user, and region
Market Development: Comprehensive information on the lucrative emerging markets, by type, indication, end user, and region
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the respiratory care devices market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the respiratory care devices market

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Table Of Contents - Respiratory Care Devices Market

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition And Scope
1.2.1 Inclusions And Exclusions
1.2.2 Markets Covered
Figure 1 Respiratory Care Devices Segmentation
Figure 2 Respiratory Care Devices Market, By Region
1.2.3 Years Considered For The Market Study
1.3 Currency
Table 1 The Annual Average Exchange Rates Used For Currency Conversions To Usd
1.4 Stakeholders
1.5 Limitations
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Approach
Figure 3 Research Design
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
Figure 4 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Table 2 Breakdown Of Primary Interviews: Supply-Side And Demand-Side Participants
Figure 5 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
Figure 6 Breakdown Of Primary Interviews (Demand Side): By End User, Designation, And Region
2.2 Market Size Estimation
Figure 7 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 8 Revenue Share Analysis Illustration: Medtronic
Figure 9 Supply-Side Analysis: Respiratory Care Devices Market (2020)
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges In The Respiratory Care Devices Market(2021–2026)
Figure 11 Cagr Projections: Supply-Side Analysis
Figure 12 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 13 Market Data Triangulation Methodology
2.4 Market Share Assumptions
Figure 14 Assumptions For The Study
2.5 Risk Assessment
Table 3 Risk Assessment: Respiratory Care Devices Market

3 Executive Summary
Figure 15 Respiratory Care Devices Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 16 Therapeutic Respiratory Care Devices Market, By Type, 2020 Vs. 2026 (Usd Million)
Figure 17 Respiratory Care Devices Market, Disease Indications, 2021 Vs. 2026 (Usd Million)
Figure 18 Respiratory Care Devices Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 19 Geographic Snapshot: Respiratory Care Devices Market

4 Premium Insights
4.1 Respiratory Care Devices Market: Market Overview
Figure 20 Rising Prevalence Of Respiratory Diseases To Drive The Market Growth During The Forecast Period
4.2 North America: Respiratory Care Devices Market, 2020
Figure 21 The Us Accounted For The Largest Share Of The Respiratory Care Devices Market In North America In 2020
4.3 Respiratory Care Devices Market: Geographic Growth Opportunities
Figure 22 China To Grow At The Highest Rate During The Forecast Period
4.4 Respiratory Care Devices Market: Geographic Mix
Figure 23 North America Will Continue To Dominate The Respiratory Care Devices Market During The Forecast Period
4.5 Respiratory Care Devices Market: Developing Vs. Developed Markets
Figure 24 Developing Markets To Register The Highest Growth During The Forecast Period

5 Market Overview
5.1 Introduction
Figure 25 Market Dynamics: Impact Analysis
5.2 Market Drivers
5.2.1 Rising Prevalence Of Respiratory Diseases
5.2.1.1 Rapid Growth In The Global Geriatric Population
Figure 26 Global Geriatric Population, By Region
5.2.1.2 Urbanization And Growing Pollution Levels
Figure 27 Deaths Caused By Household And Ambient Air Pollution, By Disease (~Every Year)
5.2.1.3 High Prevalence Of Tobacco Smoking
Table 4 Prevalence And Deaths Caused Due To Lifestyle Diseases
5.2.1.4 Changing Lifestyles
5.2.2 Increasing Incidence Rate Of Preterm Births
Table 5 The 10 Countries With The Highest Number Of Preterm Births
Table 6 The 10 Countries With The Highest Rates Of Preterm Birth Per 100 Live Births
5.2.3 Outbreak Of Infectious Diseases Affecting The Respiratory System
5.2.4 Underpenetrated Markets In Sleep And Copd
5.2.5 Focus On Improving Patient Outcomes
5.2.6 Rising R&D Investments Resulting In Technologically Advanced Devices
Table 7 Product Launches
Figure 28 R&D Expenditure (% Of Total Revenue) By Key Players (2020 Vs 2019)
5.3 Market Restraints
5.3.1 Unfavorable Reimbursement Scenario
5.3.2 Availability Of Low-Cost Products From Local Manufacturers
5.3.3 High Cost Of Cpap Machines
5.4 Market Opportunities
5.4.1 Growing Demand For Home Care Therapeutic Devices
5.4.2 High Growth In Developing Countries Across The Asia Pacific And Latin America
5.4.3 Point-Of-Care Diagnostics
5.4.4 Growing Awareness About The Ill-Effects Of Untreated Sleep Apnea
Table 8 Initiatives To Promote Awareness About The Ill Effects Of Untreated Sleep Apnea
5.5 Market Challenges
5.5.1 Low Awareness And A Large Underdiagnosed And Undertreated Population
5.5.2 Harmful Effects Of Certain Devices On Neonates
5.5.3 Lack Of Patient Compliance

6 Industry Insights
7 Respiratory Care Devices Market, By Product
8 Respiratory Care Devices Market, By Disease Indications
9 Respiratory Care Devices Market, By End User
10 Respiratory Care Devices Market, By Region

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