Global Respiratory Devices Market is Expected to Reach USD 35 Billion, Growing at a CAGR of 8% between 2022 and 2028

Infinium Global Research, renowned for its insightful market analysis, unveils a comprehensive report on the Global Respiratory Devices Market. This in-depth study delves into the various segments and sub-segments, presenting an exhaustive analysis of market trends, forecasts, and dollar values. According to the report, the global respiratory devices market is projected to exhibit a remarkable Compound Annual Growth Rate (CAGR) of over 8% during the forecast period of 2022-2028.

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Market Overview

The global respiratory devices market, valued at approximately USD 20 billion in 2022, is anticipated to reach close to USD 35 billion by 2028. Respiratory diseases severely impact lung functionality, often stemming from infections, tobacco smoke exposure, and air pollution. To assist patients facing breathing difficulties, respiratory devices serve as crucial medical aids. The market's growth is further propelled by advanced features such as automatic adjustment of inhalation and exhalation to meet patient needs, alongside the delivery of medicines for various respiratory conditions.

Driving Factors and Market Dynamics

Rising prevalence of Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea globally significantly drives the demand for respiratory devices. In 2019, the World Health Organization estimated approximately 3.17 million deaths due to COPD, projecting it to become the third leading cause of death worldwide by 2030. Factors like increasing demand for nebulizers, humidifiers, and respirators due to the uptick in respiratory diseases, growing governmental healthcare funding, and strategic alliances among key players continue to escalate market demand. However, lack of awareness about device utilization and the devices' high cost act as growth impediments.

Future Opportunities and Market Segmentation

Amid challenges, opportunities emerge, particularly in the form of ongoing developments in manufacturing respiratory devices like mechanical ventilators and oxygen concentrators, expected to foster market growth. The global respiratory devices market is segmented across regions-North America leads, closely followed by Europe, owing to developed healthcare infrastructure and a rising respiratory disease burden. Meanwhile, the Asia Pacific region is poised to witness the fastest growth, attributed to a growing elderly population and expanding healthcare facilities.

Insightful Segments and Leading Companies

The report segments the global respiratory devices market based on product types (therapeutic devices, diagnostic and monitoring devices), applications (chronic obstructive pulmonary disease, asthma, pneumonia, obstructive sleep apnea), and end-users (hospitals, diagnostic centers, specialty clinics, and others).

Leading industry players profiled in the report include Philips Healthcare, ResMed Inc., Medtronic plc, Masimo Corporation, Becton, Dickinson, and Company, Chart Industries, Inc., Drägerwerk AG & Co. KGaA, Hamilton Medical AG, Fisher and Paykel Healthcare Limited, and Invacare Corporation, providing strategic insights into the competitive landscape, innovations, and market strategies.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Respiratory Devices Market Highlights

2.2. Respiratory Devices Market Projection

2.3. Respiratory Devices Market Regional Highlights

Chapter 3. Global Respiratory Devices Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Respiratory Devices Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Product Type

3.5.2. IGR-Growth Matrix Analysis by Application

3.5.3. IGR-Growth Matrix Analysis by End User

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Respiratory Devices Market

Chapter 4. Respiratory Devices Market Macro Indicator Analysis

Chapter 5. Global Respiratory Devices Market by Product Type

5.1. Therapeutic Devices

5.2. Diagnostic and Monitoring Devices

Chapter 6. Global Respiratory Devices Market by Application

6.1. Chronic Obstructive Pulmonary Disease

6.2. Asthma

6.3. Pneumonia

6.4. Obstructive Sleep Apnea

Chapter 7. Global Respiratory Devices Market by End User

7.1. Hospital

7.2. Diagnostic Center and Speciality Clinics

7.3. Others

Chapter 8. Global Respiratory Devices Market by Region 2022-2028

8.1. North America

8.1.1. North America Respiratory Devices Market by Product Type

8.1.2. North America Respiratory Devices Market by Application

8.1.3. North America Respiratory Devices Market by End User

8.1.4. North America Respiratory Devices Market by Country

8.2. Europe

8.2.1. Europe Respiratory Devices Market by Product Type

8.2.2. Europe Respiratory Devices Market by Application

8.2.3. Europe Respiratory Devices Market by End User

8.2.4. Europe Respiratory Devices Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Respiratory Devices Market by Product Type

8.3.2. Asia-Pacific Respiratory Devices Market by Application

8.3.3. Asia-Pacific Respiratory Devices Market by End User

8.3.4. Asia-Pacific Respiratory Devices Market by Country

8.4. RoW

8.4.1. RoW Respiratory Devices Market by Product Type

8.4.2. RoW Respiratory Devices Market by Application

8.4.3. RoW Respiratory Devices Market by End User

8.4.4. RoW Respiratory Devices Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Respiratory Devices Market

9.2. Companies Profiles

9.2.1. Philips Healthcare

9.2.2. ResMed Inc.

9.2.3. Medtronic plc

9.2.4. Masimo Corporation

9.2.5. Becton, Dickinson, and Company

9.2.6. Chart Industries, Inc.

9.2.7. Drägerwerk AG & Co. KGaA

9.2.8. Hamilton Medical AG

9.2.9. Fisher and Paykel Healthcare Limited

9.2.10. Invacare Corporation

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of respiratory devices.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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