Press release
2025-2034 Respiratory Oxygen Delivery Devices Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Respiratory Oxygen Delivery Devices
What Is the Expected CAGR for the Respiratory Oxygen Delivery Devices Market Through 2025?
The market size of respiratory oxygen delivery devices has seen a swift escalation in the past few years. It is set to expand from $15 billion in 2024 to $16.66 billion in 2025, marking a compound annual growth rate (CAGR) of 11.0%. The substantial growth observed in the historical period is credited to factors such as the rising incidents of respiratory diseases like chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis, an increasing elderly population globally, heightened awareness regarding respiratory health, an extension of health care spending in developing economies, and the increased adoption of home care settings for respiratory treatments.
What's the Projected Size of the Global Respiratory Oxygen Delivery Devices Market by 2029?
Expectations are high for a significant expansion in the respiratory oxygen delivery devices market in the coming years, reaching a total market value of $25.01 billion by 2029, based on a compound annual growth rate (CAGR) of 10.7%. This projected growth during the forecast period is largely influenced by the mounting demand for bespoke and precision medicine in respiratory treatments, home healthcare services and remote patient supervision enlargement, heightened spending on research and development, along with an augmented focus on preventive healthcare measures and early intervention strategies. Noteworthy trends during this forecast period encompass technological advancements, a transition toward value-based care models and patient-oriented strategies, the inclusion of telehealth and remote surveillance features into respiratory treatment platforms, application of wearable technology and mobile apps for personal management of respiratory diseases, and the adoption of 3D printing and digital fabrication methods.
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Top Growth Drivers in the Respiratory Oxygen Delivery Devices Industry: What's Accelerating the Market?
The escalating number of asthma cases is anticipated to fuel the expansion of the respiratory oxygen delivery device market. Asthma, a long-term lung disease marked by swelling and airway constriction, triggers repeated bouts of wheezing, coughing, chest constriction, and breathlessness. The continuous growth in asthma prevalence can be attributed to factors such as air pollution, exposure to allergens, genetic susceptibility, alterations in diet and living practices, and urbanization. Respiratory oxygen delivery devices play a significant role in asthma management, providing additional oxygen during spasms, assuring sufficient oxygenation, easing symptoms, thus enhancing respiratory function and improving the life quality of asthma patients. For example, the National Center for Health Statistics (NCHS), a health stats agency based in the U.S., reported in May 2024 that the current asthma prevalence among adults 18 years and older in the U.S. escalated from 8.4% in 2021 to 8.7% in 2022. Moreover, the frequency of asthma incidents in the past 12 months for adults in this age group went up from 3.3% in 2021 to 3.7% in 2022. Thus, the growing incidence of asthma is boosting the market for respiratory oxygen delivery devices.
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What Trends Will Shape the Respiratory Oxygen Delivery Devices Market Through 2029 and Beyond?
The respiratory oxygen delivery device market is seeing a shift among businesses towards integrating advanced sensor control systems and interconnected connectivity capabilities in oxygen concentrator devices, including pressure swing adsorption (PSA) technology. This integration is a crucial step towards improving patient monitoring, enhancing treatment results, and simplifying healthcare delivery procedures. PSA technology used in oxygen concentrators effectively separates oxygen from nitrogen found in ambient air, providing a dependable and continuous oxygen source for those requiring respiratory assistance. Notably, in July 2022, Japan's OMRON Healthcare Co. Ltd., a renowned medical device manufacturer, introduced a new medical molecular sieve oxygen concentrator. This portable machine is designed to consistently deliver high-purity oxygen, separating oxygen, nitrogen, and other elements from the surrounding air using PSA technology. This approach ensures efficiency and quality while maintaining the device's portability. The device is targeted towards addressing the therapy and lifestyle requirements of patients suffering from chronic obstructive pulmonary disease (COPD) and other respiratory disorders. It presents an ideal solution for home care providers and highly active patients alike. The concentrator is designed with a focus on mobility and endurance, including features like a 360-degree silent wear-resistant universal caster wheel and a high-impact-resistant design.
What Are the Main Segments in the Respiratory Oxygen Delivery Devices Market?
The respiratory oxygen delivery devices market covered in this report is segmented -
1) By Product: Oxygen Masks, Nasal Cannula, Venturi Masks, Non-rebreather Masks, Bag Valve Masks, Continuous Positive Airway Pressure (CPAP) Masks, Other Products
2) By Application: Chronic Obstructive Pulmonary Disease (COPD), Asthma, Cystic Fibrosis, Respiratory Distress Syndrome, Pneumonia, Other Disease Applications
3) By End-Use: Hospitals, Outpatient Facilities, Home Care
Subsegments:
1) By Oxygen Masks: Simple Oxygen Masks, Partial Rebreather Masks
2) By Nasal Cannula: Standard Nasal Cannula, High-Flow Nasal Cannula
3) By Venturi Masks: Fixed Venturi Masks, Adjustable Venturi Masks
4) By Non-Rebreather Masks: Adult Non-Rebreather Masks, Pediatric Non-Rebreather Masks
5) By Bag Valve Masks: Adult Bag Valve Masks, Pediatric Bag Valve Masks
6) By Continuous Positive Airway Pressure (Cpap) Masks: Full-Face Cpap Masks, Nasal Cpap Masks
7) By Other Products: Oxygen Concentrators, Oxygen Cylinders
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Which Top Companies are Driving Growth in the Respiratory Oxygen Delivery Devices Market?
Major companies operating in the respiratory oxygen delivery devices market are Medtronic plc, Air Liquide S.A., Becton Dickinson and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Medline Industries Inc., ResMed Inc., Drägerwerk AG And Co. KGaA, Smiths Group, Teleflex Incorporated, Masimo Corporation, Chart Industries Inc., Fisher And Paykel Healthcare Limited, Invacare Corporation, Vyaire Medical Inc., Inogen Inc., Drive DeVilbiss Healthcare Inc., Hamilton Medical AG, GaleMed Corporation, Weinmann Emergency Medical Technology GmbH + Co. KG, Precision Medical Inc., Allied Healthcare Products Inc., Salter Labs Inc., Nidek Medical Products Inc.
Which Regions Will Dominate the Respiratory Oxygen Delivery Devices Market Through 2029?
Asia-Pacific was the largest region in the respiratory oxygen delivery devices market in 2024. The regions covered in the respiratory oxygen delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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