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Global Respiratory Devices And Equipment (Therapeutic) Market Analysis, Trends, Growth And Outlook
Respiratory Devices And Equipment (Therapeutic) Market
The Business Research Company's Respiratory Devices And Equipment (Therapeutic) Global Market Report 2023 identifies Chronic Obstructive Pulmonary Disorder (COPD) and sleep apnea as the major driver for the Respiratory Devices And Equipment (Therapeutic) market's growth in the forecast period.
The global respiratory devices and equipment (therapeutic) market size will grow from $18.03 billion in 2022 to $19.90 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global respiratory devices and equipment (therapeutic) market size is expected to grow to $29.55 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the Respiratory Devices And Equipment (Therapeutic) market are Hamilton Medical AG, Koninklijke Philips N.V, Smiths Medica, Ge Healthcare, Philips Health Care, Chart Industries, Invacare Corporation, Fisher & Paykel Healthcare Limited, Resmed, and Dragerwerk AG
A key trend in the Respiratory Devices And Equipment (Therapeutic) market includes increasingly using AI to develop respiratory devices to treat Asthma and COPD. Artificial intelligence supports the development of innovative sensors-equipped inhalers which help patients to track their dosage intake. These sensors are durable and consume less power and help caution the patients by noting the differences or fluctuations in respiration. These are used for both add-on and embedded inhalers. These inhalers with sensors can track data automatically and can alert both the doctors and patients about the health condition of the patients. Also, the companies in developing devices such as AI aided imaging systems and AI aided platforms that will act as voice biomarkers
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The Respiratory Devices And Equipment (Therapeutic) market is segmented -
1) By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers
2) By End-User: Homecare settings, Hospitals
3) By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fiber Filtration, Other Technologies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Respiratory Devices And Equipment (Therapeutic) market.
The Business Research Company's "Global Respiratory Devices And Equipment (Therapeutic) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Respiratory Devices And Equipment (Therapeutic) Market Include:
1. Executive Summary
2. Respiratory Devices And Equipment (Therapeutic) Market Characteristics
3. Respiratory Devices And Equipment (Therapeutic) Market Trends And Strategies
4. Respiratory Devices And Equipment (Therapeutic) Market - Macro Economic Scenario
5. Respiratory Devices And Equipment (Therapeutic) Market Size And Growth
.......
26. Africa Respiratory Devices And Equipment (Therapeutic) Market
27. Respiratory Devices And Equipment (Therapeutic) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Respiratory Devices And Equipment (Therapeutic) Market
29. Respiratory Devices And Equipment (Therapeutic) Market Future Outlook and Potential Analysis
30. Appendix
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