Medical Equipment

Global Respiratory Devices And Equipment (Therapeutic) Market Size, Forecasts, And Opportunities

December 14, 2021 by The Business Research Company

Learn about the global therapeutic respiratory devices and equipment market through The Business Research Company, which provides information on therapeutic respiratory devices and equipment market size, therapeutic respiratory devices and equipment market drivers and restraints, therapeutic respiratory devices and equipment market players, the COVID-19 impact on the therapeutic respiratory devices and equipment market, and more.

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The global respiratory devices and equipment (therapeutic) market is expected to decline from $33.97 billion in 2020 to $24.71 billion in 2021 at a compound annual growth rate (CAGR) of -27.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The therapeutic respiratory devices and equipment market is expected to reach $45.81 billion in 2025 at a CAGR of 16.7%.

Rising prevalence of respiratory diseases such as Chronic Obstructive Pulmonary Disorder (COPD) and sleep apnea are expected to drive innovation in respiratory devices and equipment manufacturing, thus driving the market during the forecast period.

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The respiratory devices and equipment (therapeutic) market consists of sales of respiratory devices and equipment used to treat patients with acute or chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, asthma, sleep disorders, etc. The market includes the sales of respiratory monitoring devices establishments primarily engaged in the manufacturing of nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices, ventilators, capnographs, and gas analysers.

Global respiratory devices and equipment (therapeutic) market segments include:

By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analysers

By End-User: Homecare Settings, Hospitals

By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fibre Filtration, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The companies in the respiratory devices and equipment therapeutic market are increasingly using AI to develop respiratory devices to treat Asthma and COPD. Artificial intelligence supports the development of innovative sensors-equipped inhalers which helps patients to track their dosage intake. These sensors are durable and consume less power and help caution the patients by noting the differences or fluctuations in the respiration. These are used for both add-on and embedded inhalers. These inhalers with sensors can track data automatically and can alert both the doctors and patients about the health condition of the patients. Also, the companies in developing devices such as AI aided imaging systems and AI aided platforms that will act as voice biomarkers.

TBRC’s therapeutic respiratory devices and equipment market report covers:

Major Market Players: Hamilton Medical Ag, Koninklijke Philips N.V, Smiths Medica, Ge Healthcare, Philips Health Care, Chart Industries, Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed, and Dragerwerk Ag.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Respiratory Devices And Equipment (Therapeutic) Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides respiratory devices and equipment (therapeutic) market overviews, analyzes and forecasts market size, share, respiratory devices and equipment (therapeutic) market players, respiratory devices and equipment (therapeutic) market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s respiratory devices and equipment (therapeutic) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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