The most recent market research report from Emergen Research, titled Global Respiratory Care Devices Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories
The global respiratory care devices market size is expected to reach USD 38.67 Billion in 2030 at a steady revenue CAGR of 8.5% during the forecast period, according to the latest analysis by Emergen Research. One of the primary factors driving revenue growth in the market is the rising prevalence of preterm births. Every year, an estimated 15 million infants are born prematurely; that is more than one in every ten infants. Every year, around 1 million children die as a result of preterm delivery problems. Many survivors would be disabled for the rest of their lives, including those with learning difficulties and vision and hearing issues. The bulk of premature births occur in Africa and southern Asia; however, preterm birth is a worldwide issue. Premature newborns frequently experience Respiratory Distress Syndrome (RDS). It can cause newborns to require more oxygen and assistance with breathing. As a result, demand for effective respiratory care devices is expected to rise, driven by an increase in preterm births.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
ResMed, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., Masimo, Fisher Paykel Healthcare Limited, Getinge AB, Medtronic plc, General Electric Company, VYAIRE, and Drägerwerk AG Co. KGaA
Target Audience of the Global Respiratory Care Devices Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Respiratory Care Devices Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Respiratory Care Devices market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Therapeutic Respiratory Care Devices
- PAP Devices
- CPAP Devices
- APAP Devices
- BiPAP Devices
- Ventilators
- ICU Ventilators
- High-End Ventilators
- Mid-End Ventilators
- Basic Ventilators
- Portable Ventilators
- Nebulizers
- Humidifiers
- Heated Humidifiers
- Passover Humidifiers
- Oxygen Concentrators
- Fixed Oxygen Concentrators
- Portable Oxygen Concentrators
- Inhalers
- Metered-Dose Inhalers (MDIs)
- Dry Powder Inhalers (DPIs)
- Reusable Resuscitators
- Nitric Oxide Delivery Units
- Oxygen Hoods
- Monitoring Devices
- Pulse Oximeters
- Pulse Oximeter Sensors
- Pulse Oximeter Equipment
- Capnographs
- Gas Analyzers
- Diagnostic Respiratory Care Devices
- Spirometers
- Polysomnography Devices (PSG Devices)
- Peak Flow Meters
- Others
- Consumables Accessories
- Masks
- Reusable Masks
- Disposable Masks
- Disposable Resuscitators
- Tracheostomy Tubes
- Breathing Circuits
- Nasal Cannulae
- Others
- Disease Indications Outlook (Revenue, USD Billion; 2019–2030)
- Chronic Obstructive Pulmonary Disease (COPD)
- Sleep Apnea
- Asthma
- Infectious Diseases
- Others
- End-use Outlook (Revenue, USD Billion; 2019–2030)
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
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Some Key Highlights From the Report
- On 16 August 2021, ResMed, which is a maker of connected sleep devices, revealed the AirSense 11, its newest CPAP machine version, which has a plethora of new features for treating obstructive sleep apnea. ResMed is launching the AirSense 11 initially in the U.S., with ambitions to expand. It is said to be compatible with all of the company's existing masks.
- The therapeutic respiratory care devices segment is expected to account for largest revenue share during the forecast period, owing to rising government healthcare spending, increased use of various therapeutic devices in home care settings, rapid urbanization, and rising levels of air pollution. The Ontario government, for example, is supporting a USD 2.9 million investment by five local enterprises to increase domestic medical supply manufacture and support the development of indigenous solutions to help reduce the spread of COVID-19. Through the Ontario Together Fund (OTF), the province is providing more than USD 1.54 million.
- The Chronic Obstructive Pulmonary Disease (COPD) segment is expected to account for largest revenue share during the forecast period, which is attributed to increased prevalence of smoking, tobacco smoke exposure, adverse climatic conditions and a high frequency of lower respiratory illnesses. For example, 12.5% of adults in the U.S. (an estimated 30.8 million individuals) smoked cigarettes in 2020: 14.1% of men and 11% of women. Over 7 million deaths are due to direct tobacco use, whereas approximately 1.2 million are caused by nonsmokers being exposed to second-hand smoke. Over 80% of the world's 1.3 billion smokers are in low- and middle-income countries. Rising prevalence of smoking and environmental conditions is driving revenue growth of the segment.
- The market in Europe is expected to register a steady revenue CAGR during the forecast period, owing to increased investment and initiatives by major market leaders. On 23 November 2022 for example, LifeArc funded up to USD 12.2 million in up to five cooperative studies to repurpose existing drugs and chemicals as innovative therapies for bronchiectasis and cystic fibrosis. The collaboration opportunity is the first significant funding opportunity announced as part of LifeArc's new USD 122.9 million Chronic Respiratory Infection Translational Challenge, which seeks to accelerate scientific innovation for individuals living with bronchiectasis and cystic fibrosis.
Additional information offered by the report:
- Along with a complete overview of the global Respiratory Care Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Respiratory Care Devices market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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