Respiratory Devices And Equipment (Therapeutic) Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Respiratory Devices And Equipment (Therapeutic) Market Through 2025?
The market for therapeutic respiratory devices and equipment has experienced robust growth in the past few years. It is projected to expand from $21.63 billion in 2024 to $23.68 billion in 2025, representing a compound annual growth rate (CAGR) of 9.5%. The noteworthy growth during the historical period can be tied to the increasing prevalence of respiratory conditions, an aging population, advancements in technology, and improved management of respiratory diseases.

What's the Projected Size of the Global Respiratory Devices And Equipment (Therapeutic) Market by 2029?
In the coming years, the market for respiratory devices and equipment (therapeutic) is anticipated to experience robust growth. It is expected that by 2029, the market will have grown to $32.42 billion, registering a compound annual growth rate (CAGR) of 8.2%. The expected growth during this forecast period can be linked to the prevalence of chronic diseases and lifestyle influences, the growth of telehealth, technological advancements, and the management of COPD. Key trends likely to be seen during this forecast period encompass digital health and remote monitoring, the use of ventilators and life support systems, respiratory rehabilitation, and the incorporation of telehealth.

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Top Growth Drivers in the Respiratory Devices And Equipment (Therapeutic) Industry: What's Accelerating the Market?
The escalating incidences of respiratory disorders like chronic obstructive pulmonary disorder (COPD) and sleep apnea have contributed to the expansion of the therapeutic respiratory devices and equipment market. As reported by the World Health Organization, amongst the 4.9 million people succumbing to tobacco consumption, a million lose their lives to COPD caused by smoking, and 65 million people experience moderate to severe COPD. COPD is projected to become the third leading cause of death globally, along with other threatening respiratory diseases. By 2030, Tuberculosis, COPD, and lung cancer are expected to be responsible for one in five deaths globally. Information from the National Health Interview Survey carried out by the Centers for Disease Control and Prevention (CDC) revealed that in the USA, 9.0 million adults were diagnosed with chronic bronchitis. In America, it's estimated that 22 million citizens are affected by sleep apnea, with 80% of moderate and severe obstructive sleep apnea cases remaining undiagnosed. The mounting prevalence of sleep apnea and COPD among the elderly is propelling the growth of the market for respiratory devices and equipment (therapeutic).

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What Are the Key Trends Driving Respiratory Devices And Equipment (Therapeutic) Market Growth?
The use of AI is on the rise in the development of respiratory devices for treating conditions such as Asthma and COPD, within the respiratory devices and equipment (therapeutic) market. The introduction of artificial intelligence in these devices has paved the way for inhalers equipped with innovative sensors that enable patients to monitor their medication intake. These sensors not only use less power and have a long lifespan, but they also record any changes or inconsistencies in breathing patterns. Such smart inhalers are suitable both as standalone and integrated devices. The feature of automatic data tracking grants these sensors the ability to proactively notify doctors and patients about the patient's health status. Companies are striving further by creating AI-assisted imaging systems and platforms serving as voice biomarkers. In a recent advancement, the US-based firm Respira Labs introduced 'Sylvee', an AI-driven wearable lung monitor, in March 2022. Through using acoustic resonance, 'Sylvee' evaluates lung functionality and identifies any discrepancies.

What Are the Main Segments in 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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Which Top Companies are Driving Growth in the Respiratory Devices And Equipment (Therapeutic) Market?
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.

Which Regions Will Dominate the Respiratory Devices And Equipment (Therapeutic) Market Through 2029?
Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic) market in 2024. 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

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