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Global Respiratory Care Device Market Share, Size, Growth, Opportunity, Analysis, Forecast: By Product: Therapeutic Respiratory Care Devices, Respiratory Care Monitoring Devices, Diagnostic Respiratory Care Devices, Consumables and Accessories; By Disease Indications; By End User; Regional Analysis; Competitive Landscape; 2024-2032
Global Respiratory Care Device Market Outlook
The global respiratory care device market size reached a value of around USD 19.95 billion in 2023. During the forecast period of 2024-2032, the market is expected to grow at a CAGR of 8.60% to attain a value of around USD 32.72 billion by 2032.
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Key Trends in the Respiratory Care Device Market
Respiratory care devices are medical gears used to diagnose, treat, evaluate, and take care of patients with pulmonary disorders. Diagnostic, therapeutic, and monitoring tasks are primarily carried out by these instruments. They help to ensure a smooth breathing process by giving the lungs enough oxygen and avoiding any blockages in the process.
- The market for respiratory care devices is expanding as a result of the rise in respiratory disorders. Lung cancer and other serious respiratory disorders are on the rise as a result of sedentary lifestyles and demanding schedules, along with the increased rates of smoking and alcohol intake.
- The respiratory care device market is anticipated to benefit from governmental and non-profit initiatives, like the Global Initiative for Asthma (GINA), several awareness campaigns, funding for research to make high-quality healthcare facilities available to everyone, along with the formation of new and improved healthcare infrastructure. On the other hand, it is expected that the availability of inexpensive goods from local producers and the unfavourable reimbursement environment will restrain the market expansion throughout the forecast period.
- The rise in the elderly population and the frequency of preterm births are also influencing the need for respiratory care devices. Both premature infants and the elderly frequently have weakened immune systems, necessitating a variety of breathing support devices to enable artificial breathing and stop respiratory diseases, such as new-born respiratory distress syndrome (RDS).
Global Respiratory Care Device Market Analysis
Based on product, the market is segmented into therapeutic respiratory care devices, respiratory care monitoring devices, diagnostic respiratory care devices, consumables and accessories. Therapeutic respiratory care devices are further divided into positive airway pressure (PAP) devices, oxygen concentrator, ventilators, inhalers, nebulisers, humidifiers, reusable resuscitators, nitric oxide delivery units, and oxygen hoods. Respiratory care monitoring devices are sub-divided into pulse oximetres, capnography, and gas analysers. Diagnostic respiratory care devices are bifurcated into spirometers, polysomnography devices, and peak flow meters, among others. Consumables and accessories are segmented into masks, disposable resuscitators, tracheostomy tubes, breathing circuits, and nasal cannula, among others.
The market on the basis of disease indications can be divided into COPD, asthma, sleep apnea, and infectious disease, among others. On the basis of end user, the market is segmented into hospitals, home care, and ambulatory care, among others. The regional markets for respiratory care device can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global respiratory care device market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Koninklijke Philips N.V
- Masimo Corporation
- Teleflex Incorporated
- Fisher & Paykel Healthcare Corporation Limited
- Hamilton Medical AG
- ICU Medical Inc.
- General Electric Company
- Others
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Market Share by Product
The respiratory care device market is anticipated to be dominated by therapeutic devices for respiratory care. The market is filled with a wide range of therapeutic devices, including inhalers, humidifiers, nebulizer treatments, masks, positive airway pressure (PAP) equipment, disposable resuscitators, ventilation systems, and oxygen hoods.
Inhalers are predicted to experience the fastest growth among therapeutic devices. To treat severe respiratory infections, inhalers are frequently utilised. One of the main factors advancing the global inhalers market during the anticipated period is the rise in the prevalence of asthma.
Humidifiers are anticipated to experience the fastest CAGR during the forecast period. Humidifier improves air humidity and provides defence against dryness in the environment. As more people become aware of conditions including sinusitis, asthma, and certain allergies, the need for humidifier device is anticipated to increase.
Market Share by Region
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North America is one of the leading regions in the respiratory care device market owing to the better diagnostic facilities. For instance, the CDC estimates that over 15 million Americans suffer from COPD. The United States' ageing population will also aid the market's expansion due to the increasing the number of surgeries and breathing assistance operations performed in the country. In addition, a large patient base with respiratory conditions driven by changing lifestyles, such as smoking and tobacco use, is anticipated to support market expansion in North America.
Due to the rise in pollution in the developing country, Asia Pacific is predicted to experience significant growth in the respiratory care devices market. Further, the respiratory care device market is expanding at a faster rate due to rising healthcare costs, significant advancements in the healthcare infrastructure, a number of government initiatives, rising per capita income, and the presence of a large population of respiratory patients in this region.
Competitive Landscape
Koninklijke Philips N.V., with its corporate headquarters in the Netherlands is a prominent provider of health technology. It was established in 1891 with the goal of enhancing people's health along the entire health continuum, from healthy living and prevention to diagnosis, treatment, and home care. Additionally, the business offers the most recent digital technology and conducts business in other industries, including audio, lighting, television, and home appliances.
Masimo Corporation, a multinational medical technology company with its headquarters in the United States creates, produces, and sells a range of non-invasive patient monitoring technologies, cutting-edge measurements, sensors, ventilation solutions, hospital automation solutions, home monitoring devices, and consumer goods.
Teleflex Incorporated, a leading American supplier of specialised medical devices for a variety of treatments in critical care and surgery is headquartered in Pennsylvania in the United States. The company was established in 1943 and specialises in the discovery, design, production, and sale of disposable medical technology products for use in critical care and surgery.
Other market players include Fisher & Paykel Healthcare Corporation Limited, Hamilton Medical AG, ICU Medical Inc., and General Electric Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Disease Indications |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Respiratory Care Device Market Analysis
8.1 Key Industry Highlights
8.2 Global Respiratory Care Device Historical Market (2018-2023)
8.3 Global Respiratory Care Device Market Forecast (2024-2032)
8.4 Global Respiratory Care Device Market by Product
8.4.1 Therapeutic Respiratory Care Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Positive Airway Pressure (PAP) Devices
8.4.1.4.2 Oxygen Concentrator
8.4.1.4.3 Ventilators
8.4.1.4.4 Inhalers
8.4.1.4.5 Nebulisers
8.4.1.4.6 Humidifiers
8.4.1.4.7 Reusable Resuscitators
8.4.1.4.8 Nitric Oxide Delivery Units
8.4.1.4.9 Oxygen Hoods
8.4.2 Respiratory Care Monitoring Devices
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Pulse Oximetres
8.4.2.4.2 Capnography
8.4.2.4.3 Gas Analyzers
8.4.3 Diagnostic Respiratory Care Devices
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.3.4 Breakup by Type
8.4.3.4.1 Spirometres
8.4.3.4.2 Polysomnography Devices
8.4.3.4.3 Peak Flow Metres
8.4.3.4.4 Others
8.4.4 Consumables and Accessories
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.4.4 Breakup by Type
8.4.4.4.1 Masks
8.4.4.4.2 Disposable Resuscitators
8.4.4.4.3 Tracheostomy Tubes
8.4.4.4.4 Breathing Circuits
8.4.4.4.5 Nasal Cannula
8.4.4.4.6 Others
8.5 Global Respiratory Care Device Market by Disease Indications
8.5.1 COPD
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Asthma
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Sleep Apnea
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Infectious Disease
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Respiratory Care Device Market by End User
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Home Care
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Ambulatory Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Respiratory Care Device Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Respiratory Care Device Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Respiratory Care Device Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Respiratory Care Device Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Respiratory Care Device Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Respiratory Care Device Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Koninklijke Philips N.V
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Masimo Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Teleflex Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Fisher & Paykel Healthcare Corporation Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hamilton Medical AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ICU Medical Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 General Electric Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Respiratory Care Device Market: Key Industry Highlights, 2018 and 2032
2. Global Respiratory Care Device Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Respiratory Care Device Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Respiratory Care Device Historical Market: Breakup by Disease Indications (USD Billion), 2018-2023
5. Global Respiratory Care Device Market Forecast: Breakup by Disease Indications (USD Billion), 2024-2032
6. Global Respiratory Care Device Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Respiratory Care Device Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Respiratory Care Device Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Respiratory Care Device Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Respiratory Care Device Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Respiratory Care Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Respiratory Care Device Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Respiratory Care Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Respiratory Care Device Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Respiratory Care Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Respiratory Care Device Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Respiratory Care Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Respiratory Care Device Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Respiratory Care Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Respiratory Care Device Market Structure
Key Questions Answered in the Report
The market attained a value of nearly USD 19.95 billion in 2023.
The market for respiratory care device is projected to grow at a CAGR of 8.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 32.72 billion by 2032.
The major drivers of the market include the sedentary lifestyles, governmental and non-profit initiatives, improved healthcare infrastructure, rise in the elderly population and the frequency of preterm births, and significant advancements in the healthcare infrastructure.
A rise in respiratory disorders and increased rates of smoking are the key industry trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The major players in the industry are Koninklijke Philips N.V, Masimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Corporation Limited, Hamilton Medical AG, ICU Medical Inc., and General Electric Company, among others.
The diseases and disorders of the airways and the lungs that impact human respiration are known as respiratory diseases, often known as lung disorders and pulmonary diseases. Asthma, pneumonia, chronic obstructive pulmonary disease (COPD), pulmonary fibrosis, and lung cancer are a few examples of respiratory illnesses.
Devices designed to aid patients who need assistance breathing, carbon dioxide removal, and therapy to prevent abdominal wall muscle atrophy due to lack of use are some of the examples of respiratory assist devices.
When patients experience breathing difficulties, a BiPap machine can help force air into the lungs. One wears a mask or nasal plugs that are attached to the ventilator. Pressurized air is delivered into the airways by the machine. Since the machine uses this air pressure to assist in opening the patient's lungs, it is known as "positive pressure ventilation."
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