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Global Respiratory Devices And Equipment (Therapeutic) Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Respiratory Devices And Equipment (Therapeutic) Market
How Big Is the Respiratory Devices And Equipment (Therapeutic) Market Size Expected to Be by 2034?
The respiratory devices and equipment (therapeutic) market has experienced strong growth in recent years. It will increase from $21.07 billion in 2024 to $23.04 billion in 2025, with a CAGR of 9.3%. This growth is attributed to the increasing prevalence of respiratory conditions, the aging population, technological advancements, and the management of respiratory diseases.
The respiratory devices and equipment (therapeutic) market is projected to grow strongly to $32.93 billion by 2029 with a CAGR of 9.3%. Growth will be supported by chronic illness prevalence, telehealth growth, innovation in technology, and COPD treatment needs. Major trends include remote health tools, life-support ventilators, respiratory rehab programs, and virtual care integration.
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What Are the Emerging Segments Within the Respiratory Devices And Equipment (Therapeutic) Market?
The respiratory devices and equipment (therapeutic) market covered in this report is segmented -
1) By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers
2) By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fiber Filtration, Other Technologies
3) By End-User: Homecare settings, Hospitals
Subsegments:
1) By Nebulizers: Pneumatic Nebulizers, Ultrasonic Nebulizers, Mesh Nebulizers
2) By Humidifiers: Bubble Humidifiers, Passover Humidifiers, Evaporative Humidifiers, Hot-Wire Humidifiers
3) By Oxygen Concentrators: Portable Oxygen Concentrators, Stationary Oxygen Concentrators
4) By Positive Airway Pressure Devices: Continuous Positive Airway Pressure (CPAP), Auto-Adjusting Positive Airway Pressure (APAP), Bi-Level Positive Airway Pressure (BiPAP)
5) By Ventilators: Non-invasive Ventilators, Invasive Ventilators, Transport Ventilators, ICU Ventilators
6) By Capnographs: Mainstream Capnographs, Sidestream Capnographs
7) By Gas Analyzers: Oxygen Analyzers, Carbon Dioxide Analyzers, Nitrous Oxide Analyzers, Multi-Gas Analyzers
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What Long-Term Drivers Are Shaping Respiratory Devices And Equipment (Therapeutic) Market Trends?
The rising prevalence of respiratory diseases such as COPD and sleep apnea is driving the growth of the therapeutic respiratory devices and equipment market. COPD is predicted to be the third leading cause of death worldwide, and conditions like sleep apnea are prevalent, particularly in the U.S. The CDC estimates 22 million Americans suffer from sleep apnea, contributing to the increased demand for respiratory devices.
Who Are the Top Competitors in Key Respiratory Devices And Equipment (Therapeutic) Market Segments?
Major companies operating in the respiratory devices and equipment (therapeutic) market include Hamilton Medical AG, Koninklijke Philips N.V., Smiths Medical, GE Healthcare, Philips Healthcare, Chart Industries Inc., Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed Inc., Drägerwerk AG & Co. KGaA, Medtronic plc, Masimo Corporation, CareFusion Corporation, Getinge AB, Hill-Rom Holdings Inc., Becton, Dickinson and Company, Air Liquide S.A., Vyaire Medical Inc., Compumedics Limited, Covidien plc, Mindray Medical International Limited, Inogen Inc., Nihon Kohden Corporation, Siemens Healthcare GmbH, Teleflex Incorporated, Breas Medical AB, AirSep Corporation, Rotech Healthcare Inc., 3B Medical Inc.
What Are the Major Trends Shaping the Respiratory Devices And Equipment (Therapeutic) Market?
In the respiratory devices market, AI is also being used to develop innovative inhalers equipped with sensors to track dosage intake and alert patients or doctors about fluctuations in respiration. For example, Respira Labs launched an AI-powered wearable lung monitor, Sylvee, in March 2022, which uses acoustic resonance to assess lung function and detect any variations.
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Which Regions Are Becoming Hubs for Respiratory Devices And Equipment (Therapeutic) Market Innovation?
Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic) market in 2023. Western Europe was the second-largest region in the respiratory devices and equipment (therapeutic) market. The regions covered in the respiratory devices and equipment (therapeutic) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Respiratory Devices And Equipment (Therapeutic) Market?
2. What is the CAGR expected in the Respiratory Devices And Equipment (Therapeutic) Market?
3. What Are the Key Innovations Transforming the Respiratory Devices And Equipment (Therapeutic) Industry?
4. Which Region Is Leading the Respiratory Devices And Equipment (Therapeutic) Market?
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