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Respiratory Disposables Market 2024-2033 - Size, Share, Growth & Key Trends
Respiratory Disposables Market
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Respiratory Disposables Market 2024 Key Insights:
• 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%.
• Prevalence Of Respiratory Diseases Fuels Demand For Respiratory Disposables
• Innovative Technologies Transforming Respiratory Disposable Manufacturing
• Asia-Pacific was the largest region in the global respiratory disposables and equipment market in 2023
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