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Respiratory Care Market Size to Reach USD 55.67 Bn by 2032, Reports Coherent Market Insights | Medtronic, Koninklijke Philips N.V.
Respiratory Care Market
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Global Respiratory Care Market Key Takeaways
According to Coherent Market Insights (CMI), the global respiratory care market size is expected to nearly double during the forecast period, increasing from USD 28.55 Bn in 2025 to USD 55.67 Bn by 2032.
Global demand for respiratory care products is set to rise at a CAGR of 10% between 2025 and 2032.
Nebulizers are projected to remain the top-selling products, accounting for a market revenue share of 46.7% in 2025.
Based on indication, chronic obstructive pulmonary disease (COPD) segment is slated to account for more than one-third of the global respiratory care market share in 2025.
Hospitals, with an estimated market share of 34.4% in 2025, are anticipated to remain leading end users of respiratory care devices.
North America is likely to retain its dominant position during the assessment period, holding a global market share of 43.6% by 2025.
Rising Incidence of Respiratory Diseases Spurring Market Growth
Coherent Market Insights' latest respiratory care market research report highlights key factors driving industry growth. Increasing prevalence of chronic respiratory diseases is one such growth factor.
Chronic respiratory diseases like COPD and asthma are increasing globally due to excessive smoking, air pollution, and aging populations. This trend is significantly driving demand for respiratory care products and services.
According to the World Health Organization (WHO), global COPD cases will increase by about 23% through 2050. This anticipated surge is expected to create a fertile ground for the growth of respiratory care market during the forecast period. High Cost of Devices and Treatments Hampering Market Growth
The future respiratory care market outlook looks bright. However, high cost of advanced respiratory care devices and treatments may limit market growth to some extent during the forecast period.
Advanced respiratory care devices like oxygen concentrators, ventilators, and nebulizers are often expensive. This cost barrier can limit adoption rate, potentially dampening respiratory care market demand in the coming years.
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Rise of Home Healthcare Unlocking Lucrative Growth Opportunities
There is a growing shift towards home-based care in the modern world due to convenience and cost-effectiveness. This trend is expected to significantly boost demand for respiratory care devices, especially compact and portable ones.
Home healthcare is especially important for patients with chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. These individuals often require continuous respiratory support and monitoring, creating a need for portable respiratory care systems.
Home-use respiratory care devices like portable oxygen concentrators, nebulizers, and CPAP machines are becoming essential tools for managing these conditions outside clinical settings. As a result, home healthcare trend is unlocking lucrative growth avenues for respiratory care device manufacturers.
Impact of AI on the Respiratory Care Market
Artificial Intelligence (AI) is revolutionizing the respiratory care landscape by enhancing diagnostic accuracy, treatment efficiency, and patient monitoring. AI-powered tools have the tendency to analyze imaging data, detect respiratory conditions like COPD and pneumonia early, and assist in real-time ventilator management.
AI-driven technologies improve clinical decision-making, reduce hospital readmissions, and enable personalized care through predictive analytics. In short, AI is not only optimizing healthcare delivery but also driving innovation and growth in the respiratory care industry.
Emerging Respiratory Care Market Trends
Increasing geriatric population is expected to boost sales of respiratory care devices during the forecast period. Older people are more prone to respiratory issues like asthma and COPD, leading to high demand for long-term respiratory support and monitoring systems.
Integration of telehealth for remote monitoring of respiratory patients is gaining traction. This trend is expected to contribute significantly to respiratory care market growth.
There is a rising trend of developing wearable respiratory devices that monitor breathing patterns, oxygen levels, and respiratory health. Growing adoption of these devices, particularly for chronic diseases management and remote monitoring, is expected to boost market growth.
Ongoing technological advancements are also contributing to expansion of the respiratory care industry. Leading manufacturers of respiratory care devices are constantly focusing on developing portable, non-invasive, and AI-enabled devices like smart inhalers, oxygen concentrators, and portable ventilators. These innovations will likely enhance patient convenience, improve treatment outcomes, and drive the overall growth of the industry.
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Analyst's View
"The global respiratory care industry is set to experience robust growth, driven by rising prevalence of chronic respiratory diseases, expanding geriatric population, growing demand for home healthcare solutions, and continuous technological advancements in respiratory care devices," said Komal Dighe, a senior analyst at CMI.
Current Events and Their Impact on the Respiratory Care Market
Event
Description and Impact
Global Surge in Respiratory Syncytial Virus (RSV) Cases (2024-2025)
* Description: The U.S., Europe, and parts of Asia have experienced a major spike in RSV-related hospitalizations, especially among infants and elderly populations.
* Impact: This surge has led to increased demand for pediatric respiratory equipment, including ventilators, nebulizers, and RSV-specific supportive care devices.
FDA Approval of ResAppDx and Other Smartphone-Based Respiratory Diagnostics
* Description: AI-powered apps like ResAppDx gained regulatory traction for diagnosing respiratory illnesses using smartphone-recorded cough sounds.
* Impact: These innovations are expanding access to affordable, remote diagnostics, especially in underserved regions, fueling growth of AI-integrated portable respiratory tools.
Global Initiative on Chronic Obstructive Pulmonary Disease (GOLD 2025 Strategy Update)
* Description: The 2025 GOLD report introduced refined COPD management protocols emphasizing early spirometry and remote monitoring.
* Impact: Such efforts boost adoption of digital spirometers, wearable sensors, and telepulmonology platforms.
Competitor Insights
Key companies in the respiratory care market research report:
* Koninklijke Philips N.V.
* Medtronic
* ResMed
* ICU Medical, Inc.
* Dragerwerk AG & Co. KGaA
* Teleflex Incorporated
* OMRON Corporation
* VYAIRE
* Belluscura
* Medline Industries
* Xplore Health Technologies Pvt. Ltd.
* Masimo
* Hamilton Medical
* Fisher & Paykel Healthcare Limited
* TytoCare Ltd.
* PARI Pharma GmbH
* Honeywell International Inc.
* Inogen, Inc.
Key companies in the respiratory care market research report:
Koninklijke Philips N.V.MedtronicResMedICU Medical, Inc.Dragerwerk AG & Co. KGaATeleflex IncorporatedOMRON CorporationVYAIREBelluscuraMedline IndustriesXplore Health Technologies Pvt. Ltd.MasimoHamilton MedicalFisher & Paykel Healthcare LimitedTytoCare Ltd.PARI Pharma GmbHHoneywell International Inc.Inogen, Inc.Key Developments
In February 2025, IMT Innovations officially unveiled a prototype of its new mechanical ventilator named "box", designed for critical and subacute hospital environments. The new solution, made for intensive care, prioritizes patient safety with a user-friendly design.
In September 2024, Medtronic Plc launched VitalFlow, a novel extracorporeal membrane oxygenation (ECMO) system. The new solution offers clinicians and physicians an easier, smarter ECMO experience.
Market Segmentation
Product Type Insights (Revenue, USD Bn, 2020 - 2032)Nebulizers
Oxygen Concentrators
Polysomnography Devices
Positive airway pressure devices
Respiratory Consumables
Others
Indication Insights (Revenue, USD Bn, 2020 - 2032)
Chronic Obstructive Pulmonary Disease (COPD)
Asthma
Pneumonia
Others
End User Insights (Revenue, USD Bn, 2020 - 2032)
Hospitals
Ambulatory Surgical Centers
Clinics
Others
About Us:
With a proven excellence in market research, Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
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City: Burlingame, CA
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Country: United States
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