The Global Respiratory Devices Market is poised to become a USD 27 Bn Market by 2027. Will the projections justify growth? : Ken Research

The market will be growing at the rate of 8.5% owing to increasing adoption of miniaturized respiratory devices & rising cases of respiratory illnesses, says a report by Ken Research

Global Respiratory Devices Market Ecosystem

The Global Respiratory devices market is highly fragmented in nature, with the presence of many international players as well as local players. Some of the major players in the industry include Philips Healthcare, ResMed, Drager & Medtronic.

Global Life Enhancing Medical Devices Industry

1. "Illnesses being a growth factor?:" With rising cases of respiratory problems, companies are now realizing the huge potential it holds for the respiratory devices market.

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Infectious respiratory diseases directly drive demand for respiratory care. COVID-19 is the most recent example of these diseases. The pandemic has resulted in a surge for demand for personal protective equipment & ventilators, among others. The demand for ventilators has also grown due to the prevalence of other diseases, resulting in government & industry support for these devices.

2. "Home healthcare devices market providing a boost:" With an increasing trend towards adoption of home healthcare devices, miniaturized respiratory devices have become a need rather than a want.

The rapid growth in global geriatric population, rising incidents of chronic diseases (including COPD & asthma), alongside the cost advantage of home care devices & services are the key factors driving the global respiratory devices market. As per WHO, a total of 251 Mn cases of COPD were diagnosed globally. The high growth potential in emerging markets, healthcare decentralization & the evolution of miniaturized devices are some of the major factors that are expected to provide significant opportunities to players operating in the respiratory home healthcare market.

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By Type of Product

Inhalers
Respiratory Consumables
Nebulizers
Oxygen Concentrators
Positive Airway Pressure Devices
Spirometer

By End-User

Hospitals
Clinics
Others

By Geography

Asia Pacific
Middle East
North America
Australia
South America
Europe

Time Period Captured in the Report:

Historical Period:2017- 2022
Base Year: 2022
Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: -

https://www.kenresearch.com/industry-reports/global-respiratory-devices-market

Related Reports By Ken Research: -

https://www.kenresearch.com/industry-reports/us-medical-device-market

https://www.kenresearch.com/healthcare/medical-devices/india-poct-market-outlook-to-2027/596242-91.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.