Unlocking Opportunities in the Respiratory Devices And Equipment (Diagnostic) Market: 2025-2034 Forecast Report

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Respiratory Devices And Equipment (Diagnostic) Industry Market Size Be by 2025?
The market for diagnostic respiratory devices and equipment has seen significant growth in recent years. Starting from $7.81 billion in 2024, it is projected to increase to $8.36 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. The surge in the historical period can be traced back to the prevalence of chronic respiratory illnesses, an ageing population, smoking trends, environmental factors, and technological progression.

What's the Long-Term Growth Forecast for the Respiratory Devices And Equipment (Diagnostic) Market Size Through 2029?
In the coming years, the market size for respiratory devices and equipment (diagnostic) is anticipated to experience robust expansion, reaching $12.13 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. The increase during the projection period can be attributed to factors such as respiratory infections, telemedicine and remote monitoring, personalized medicine, as well as AI and machine learning. Key trends that will shape the market during the forecast period include pulmonary function testing (pft), home respiratory monitoring, integration of telemedicine, and aids for smoking cessation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/respiratory-devices-and-equipment-global-market-report

What Are the Key Growth Drivers Fueling the Respiratory Devices And Equipment (Diagnostic) Market Expansion?
The escalating occurrence of assorted respiratory disorders has fueled the expansion of the global respiratory devices and equipment market by intensifying the utilization of diagnostic devices and equipment for detection and cure. Illnesses like chronic obstructive pulmonary disease (COPD) are more common in the aged demographic. COPD is an obstructive lung ailment that causes persistent respiratory difficulties. For example, the Australian Institute of Health and Welfare, a governmental agency from Australia, reported in July 2024 that in 2022, COPD led to 7,691 deaths, which equates to 29.6 per 100,000 population, symbolizing 4.0% of all casualties. Consequently, the augmented count of such instances has boosted the need for diagnostic devices and equipment, thus propelling the expansion of the respiratory devices and equipment (diagnostic) market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3376&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Respiratory Devices And Equipment (Diagnostic) Market?
Market companies are showing a growing interest in investing in wireless and portable diagnostic respiratory devices. This trend is influenced by the devices' advanced features, convenience, cost-efficiency, and suitability for home care institutions. New portable respiratory devices with innovative technology are being released into the market, breaking from the conventional devices, these can be used for an immediate assessment of vital readings, including patients' respiration and pulse rates. As stated by the National Center for Biotechnology Information, a US-based government agency, in May 2024, this portable, noninvasive device provides immediate results, proving crucial for those living with recurrent respiratory illnesses like COPD and asthma. This device, by offering on-the-spot diagnostics, improves patient results and significantly boosts the productivity of healthcare systems.

How Is the Respiratory Devices And Equipment (Diagnostic) Market Segmented?
The respiratory devices and equipment (diagnostic) market covered in this report is segmented -

1) By Product: Instruments And Devices, Assays And Reagents
2) By Test Type: Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests, Molecular Diagnostic Tests
3) By Disease Type: Chronic Obstructive Pulmonary Disease, Lung Cancer, Asthma, Tuberculosis, Other Diseases
4) By End User: Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories, Other End Users

Subsegments:
1) By Instruments And Devices: Spirometers, Pulse Oximeters, Peak Flow Meters, Capnographs, Respiratory Pressure Monitors, Portable Ventilators
2) By Assays And Reagents: Diagnostic Kits, Reagents For Respiratory Infections, Blood Gas Analysis Reagents, PCR Assays For Respiratory Pathogens

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3376&type=smp

Which Companies Are Leading the Charge in Respiratory Devices And Equipment (Diagnostic) Market Innovation?
Major companies operating in the respiratory devices and equipment (diagnostic) market include ResMed Inc., Medtronic plc, Masimo Corporation, Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V., Smiths Medical, GE Healthcare, Chart Industries Inc., Philips Healthcare, Becton dic*kinson and Company (BD), Abbott Laboratories, Thermo Fisher Scientific Inc., Teleflex Incorporated, Invacare Corporation, Vyaire Medical Inc., Drägerwerk AG & Co. KGaA, Getinge AB, Dräger Medical GmbH, bioMérieux, Bio-Rad Laboratories Inc - Bio-Rad Laboratories Inc., Cosmed S.r.l., Seegene Inc., SDI Diagnostics, GlaxoSmithKline plc, Hillrom, Hamilton Medical AG, Medline Industries Inc., 3M Company, Air Liquide, Allied Healthcare Products Inc., Armstrong Medical, Bio-Med Devices Inc., Breas Medical AB, CAIRE Inc., DeVilbiss Healthcare, Nihon Kohden Corporation, O2 Concepts LLC

Which Regions Are Leading the Global Respiratory Devices And Equipment (Diagnostic) Market in Revenue?
Asia-Pacific was the largest region in the respiratory devices and equipment (diagnostic) market in 2024. North America was the second largest region in the respiratory devices and equipment (diagnostic) market. The regions covered in the respiratory devices and equipment (diagnostic) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3376

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.