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Respiratory Disposables Global Market Report 2024 - By Share, Growth, Key Trends, Demand, Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Respiratory Disposables Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.04 billion In 2028 At A CAGR Of 10.2% :
The respiratory disposables market size has grown rapidly in recent years. It will grow from $3.08 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to respiratory conditions prevalence, infection control, aging population, respiratory therapies.
The respiratory disposables market size is expected to see rapid growth in the next few years. It will grow to $5.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to minimally invasive respiratory procedures, emerging markets growth, telehealth and remote monitoring, value-based healthcare. Major trends in the forecast period include eco-friendly disposables, customized solutions, remote monitoring and data integration, advanced filter technology.
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Respiratory Disposables Market Major Segments
The respiratory disposables market covered in this report is segmented -
1) By Type: Masks, Tubes, Inhalers, Other Types
2) By Disease Indications: Asthma, Chronic Obstructive Pulmonary Disorder, Tuberculosis, Lung Cancer, Other Chronic Respiratory Diseases
3) By Application: Adult, Pediatric & Neonatal
4) By End User: Hospitals, Clinics, Ambulatory Care Centers, Other End Users
Key Driver - Prevalence Of Respiratory Diseases Fuels Demand For Respiratory Disposables
The high prevalence rate of respiratory diseases globally is driving the respiratory disposables market. Excessive smoking, exposure to toxic materials, adverse climate conditions, and air pollution are some of the main causes that are leading to a rise in respiratory diseases such as asthma, lung cancer, Chronic Obstructive Pulmonary Disease (COPD), and obstructive sleep apnea (OSA). According to a study, around 65 million people suffer from chronic obstructive pulmonary disease (COPD) and around 3 million people die every year because of this disease. It was also reported that around 334 million people suffer from asthma diseases caused by air pollution as well as tobacco smoke, toxic disposable devices. These factors are increasing the demand for the treatment of respiratory ailments, thus driving the respiratory diseases market.
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Prominent Trend - Innovative Technologies Transforming Respiratory Disposable Manufacturing
Rapid advances in technology are driving innovation in respiratory disposable manufacturing. Areas of particular development are likely to be AIR gel technology, wearable technologies, and 3D printing technology. These technologies are being used in the manufacturing of respiratory disposables, resulting in higher productivity, lower costs, and higher margins. Companies in this market are increasingly focusing on AIR gel technology, in which gel is incorporated into the bag on the edges of the mask which helps to the protection of the skin and creates a bridge to minimize the irritation of the skin and for effective sealing. For example, Vyair medical prepared Veraseal 2 disposable mask, used for acute care with AIR gel technology and the advantage of vented and non-vented versions. Similarly, Sleepnet prepared Mojo ventilation masks with Airgel technology.
Respiratory Disposables Market Players
Major companies operating in the respiratory disposables market include Fisher & Paykel Appliances Holdings Ltd., Becton Dickinson Company, Ambu A/S, Smiths Medical Inc., Armstrong Medical, Teleflex Incorporated, Philips Respironics, Besmed, ResMed, Dynarex Corporation, Drive Medical, Cardinal Health Inc., Drger Medical, Hamilton Medical, Mercury Medical, SunMed LLC, Ningbo Greetmed Medical Instruments Co.Ltd., Hangzhou Jinlin Medical Appliances Co. Ltd., Hangzhou Tappa Medical Technology Co. Ltd., Weihai Strong Medical Sci-Tech Co.Ltd., Vyaire MedicalInc., Viomedex Ltd., Flexicare Medical Ltd., ICU Medical Inc., GF Health Products Inc., Medline Industries Inc., Westmed Inc., Intersurgical Ltd., Salter Labs Inc., AirLife, Medtronic plc, McKesson Corporation, Owens & Minor Inc., Henry Schein Inc., 3M Company, Johnson & Johnson, Baxter International Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the global respiratory disposables and equipment market in 2023. Western Europe was the second-largest region in the respiratory disposables market. The regions covered in the respiratory disposables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Respiratory Disposables Market Report Structure
3. Respiratory Disposables Market Trends And Strategies
4. Respiratory Disposables Market - Macro Economic Scenario
5. Respiratory Disposables Market Size And Growth
…..
27. Respiratory Disposables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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