Respiratory Devices Market Size, Share, Trends, Growth Outlook

Respiratory Devices Market is estimated to increase at a growth rate of 5.6% CAGR over the forecast period from 2024 to 2030.

The global Respiratory Devices Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Respiratory Consumables, Nebulizers, Oxygen Concentrators), By End-User (Hospitals, Ambulatory Surgical Centers, Clinics, Long Term Care Centers, Others).

An Introduction to Respiratory Devices Market in 2024

Respiratory devices are medical equipment designed to assist or manage respiratory function in patients with respiratory disorders, chronic respiratory conditions, or acute respiratory failure. The Respiratory Devices Market includes ventilators, oxygen therapy devices, nebulizers, CPAP/BiPAP machines, spirometers, and respiratory masks used in hospitals, clinics, home care settings, and emergency medical services. Market trends encompass the demand for portable and wearable respiratory devices, remote monitoring capabilities, telemedicine integration, and advancements in respiratory therapy modalities. Key factors driving market growth include the prevalence of respiratory diseases, technological innovations in device design and functionality, and patient-centric approaches for respiratory care management.

Respiratory Devices Market Competitive Landscape

The global Respiratory Devices Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Respiratory Devices Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Respiratory Devices Industry include- Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Ltd, General Electric Company, Hamilton Medical AG, Inogen Inc, Koninklijke Philips N.V., Massimo Corp, Medtronic Plc, ResMed Inc, Smith’s Medical, Teleflex Inc.

respiratory devices Market Trend: Technological Innovation in Respiratory Device Design

A significant trend in the respiratory devices market is the ongoing technological innovation in device design aimed at enhancing patient comfort, treatment efficacy, and portability. Manufacturers are increasingly incorporating advanced features such as improved airflow dynamics, noise reduction mechanisms, ergonomic designs, and wireless connectivity into respiratory devices such as ventilators, CPAP machines, and nebulizers. Additionally, the development of smart respiratory devices equipped with sensors, data analytics, and remote monitoring capabilities enables real-time feedback, personalized therapy adjustments, and proactive management of respiratory conditions. This trend towards technological innovation in respiratory device design reflects a growing focus on patient-centered care, personalized medicine, and digital health solutions in respiratory healthcare.

respiratory devices Market Driver: Rising Prevalence of Respiratory Diseases and Disorders

The market for respiratory devices is driven by the rising prevalence of respiratory diseases and disorders worldwide, including chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, and respiratory infections. Factors contributing to the increasing burden of respiratory conditions include aging populations, urbanization, environmental pollution, tobacco use, and lifestyle factors such as sedentary behavior and poor air quality. Respiratory devices play a critical role in the management of respiratory conditions by providing airway support, delivering supplemental oxygen, facilitating airway clearance, and improving ventilation and gas exchange. As the global prevalence of respiratory diseases continues to rise, there's a growing demand for respiratory devices to meet the diagnostic, therapeutic, and monitoring needs of patients across various healthcare settings, including hospitals, clinics, and home care environments. This driver underscores the importance of investing in respiratory device innovation, infrastructure, and access to improve respiratory health outcomes and reduce the burden of respiratory diseases on healthcare systems and society.

respiratory devices Market Opportunity: Focus on Home Respiratory Care Solutions

A promising opportunity in the respiratory devices market lies in the focus on home respiratory care solutions to support patient-centered care models and improve treatment outcomes for individuals with chronic respiratory conditions. Home respiratory care solutions encompass a range of devices and services designed to enable patients to manage their respiratory health at home, including home oxygen therapy, CPAP/BiPAP therapy, mechanical ventilation, and airway clearance devices. By investing in the development of user-friendly, portable, and cost-effective respiratory devices for home use, manufacturers can empower patients to take an active role in managing their respiratory conditions, reduce healthcare resource utilization, and enhance quality of life. Additionally, expanding access to comprehensive home respiratory care programs, telehealth services, and remote monitoring technologies facilitates proactive symptom management, early intervention, and personalized treatment optimization, leading to improved patient outcomes and reduced healthcare costs. Investing in home respiratory care solutions presents a strategic opportunity for healthcare providers, payers, and manufacturers to address the growing demand for patient-centered respiratory care models, enhance care coordination, and promote long-term respiratory health and wellness.

Respiratory Devices Market Share Analysis: Oxygen Concentrators is the fastest growing market segment over the forecast period to 2030

Among the various respiratory devices, oxygen concentrators are experiencing the fastest growth. Oxygen concentrators are crucial medical devices used to deliver supplemental oxygen to patients with respiratory conditions such as chronic obstructive pulmonary disease (COPD) and respiratory failure. The increasing prevalence of respiratory disorders, coupled with the rising demand for home-based healthcare solutions, is driving the growth of the oxygen concentrators market. Home oxygen concentrators, in particular, are gaining popularity due to their portability, ease of use, and ability to provide continuous oxygen therapy to patients in their homes. Additionally, advancements in technology have led to the development of more efficient and user-friendly oxygen concentrator systems, further fueling market growth. Hospitals, clinics, and long-term care centers are among the key end-users of oxygen concentrators, highlighting their widespread adoption across various healthcare settings. As the demand for respiratory support continues to rise, the oxygen concentrators segment is poised for significant expansion in the coming years.

Respiratory Devices Market Segmentation

By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Respiratory Devices Companies

Drägerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Ltd
General Electric Company
Hamilton Medical AG
Inogen Inc
Koninklijke Philips N.V.
Massimo Corp
Medtronic Plc
ResMed Inc
Smith’s Medical
Teleflex Inc
* List not Exhaustive

Reasons to Buy the Respiratory Devices Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Respiratory Devices Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Respiratory Devices Industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Respiratory Devices Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Respiratory Devices Market Size Outlook, $ Million, 2021 to 2030
3.2 Respiratory Devices Market Outlook by Type, $ Million, 2021 to 2030
3.3 Respiratory Devices Market Outlook by Product, $ Million, 2021 to 2030
3.4 Respiratory Devices Market Outlook by Application, $ Million, 2021 to 2030
3.5 Respiratory Devices Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Respiratory Devices Industry
4.2 Key Market Trends in Respiratory Devices Industry
4.3 Potential Opportunities in Respiratory Devices Industry
4.4 Key Challenges in Respiratory Devices Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Respiratory Devices Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Respiratory Devices Market Outlook by Segments
7.1 Respiratory Devices Market Outlook by Segments, $ Million, 2021- 2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
8 North America Respiratory Devices Market Analysis and Outlook To 2030
8.1 Introduction to North America Respiratory Devices Markets in 2024
8.2 North America Respiratory Devices Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Respiratory Devices Market size Outlook by Segments, 2021-2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
9 Europe Respiratory Devices Market Analysis and Outlook To 2030
9.1 Introduction to Europe Respiratory Devices Markets in 2024
9.2 Europe Respiratory Devices Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Respiratory Devices Market Size Outlook by Segments, 2021-2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
10 Asia Pacific Respiratory Devices Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Respiratory Devices Markets in 2024
10.2 Asia Pacific Respiratory Devices Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Respiratory Devices Market size Outlook by Segments, 2021-2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
11 South America Respiratory Devices Market Analysis and Outlook To 2030
11.1 Introduction to South America Respiratory Devices Markets in 2024
11.2 South America Respiratory Devices Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Respiratory Devices Market size Outlook by Segments, 2021-2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
12 Middle East and Africa Respiratory Devices Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Respiratory Devices Markets in 2024
12.2 Middle East and Africa Respiratory Devices Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Respiratory Devices Market size Outlook by Segments, 2021-2030
By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Drägerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Ltd
General Electric Company
Hamilton Medical AG
Inogen Inc
Koninklijke Philips N.V.
Massimo Corp
Medtronic Plc
ResMed Inc
Smith’s Medical
Teleflex Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Product
Respiratory Consumables
-Respiratory Mask
-Nasal Cannulas
-Oxygen Tubing Sets
-Breathing Filters
Nebulizers
-Compressed Jet Nebulizers
-Ultrasonic Nebulizers
Oxygen Concentrators
-Home Oxygen Concentrators
-Portable Oxygen
-Concentrators`
-Positive Airway Pressure (PAP) Devices
-Polysomnography Devices
-Ambulatory PSG Devices
-Clinical PSG Devices
-Pulse Oximeters
-Mechanical Ventilators
-Spirometers
By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Others