Respiratory Device Market
Global Respiratory Device Market Size, Share & Trends Analysis Report by Diagnostic Devices (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, and Others), by Therapeutic Devices (CPAP Devices, BiPAP Devices, Humidifiers, Nebulizers, Oxygen Concentrators, Ventilators, Inhalers, and Others), and by Disposable Devices (Masks, Breathing Circuits, and Others) Forecast Period 2021-2027 Update Available - Forecast 2024-2030
The global respiratory device market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Major factors augmenting the respiratory device market is the high prevalence of COVID-19, sleep apnea, asthma and COPD patients globally. Changing lifestyle and increasing obesity is also one of the major factors for rising cases of respiratory diseases. Asthma and chronic obstructive pulmonary diseases (COPD) account for approximately 60% of the respiratory drugs and devices market. An aging population and major lifestyle changes have led to a rise in respiratory diseases. in addition, habits such as overeating, smoking, lack of exercise and other major lifestyle changes are causing respiratory diseases. Cases of the respiratory disorder are also on a rise in new-born. However, there are factors such as high prices of medical devices and the availability of alternate treatment of sleep apnea that serve as barriers to the market growth.
The respiratory devices are inhalation devices and equipment used to provide medication to the patient with respiratory ailments. Most of the devices use non-invasive form of therapy for treating a patients with respiratory diseases. Respiratory devices companies are concentrating on developing new and advance products such as smart inhalers and digital sensors. Companies are expanding their product portfolios and increasing their R&D budget in order to stay competitive in the market. Major respiratory devices include therapeutic devices such as masks, ventilators, humidifiers, positive airway pressure devices and other devices. Other respiratory devices include diagnostic and monitoring devices and consumables and accessories meters.
Impact of COVID-19 Pandemic on Global Respiratory Device Market
The surge of COVID-19 had drastically increased the demand for respiratory devices as this virus directly attacks the respiratory organs. The increasing number of serious patients needs to given support of ventilator or BiPAP. Nebulizers are used to give steam asymptomatic patients as it removes the mucus from lungs and reliefs the patients. The demand for oxygen concentrators had dramatically increased during the second wave of COVID-19 as the shortage of oxygen cylinders is experienced throughout the globe. Oximeters are popularised from the beginning of COVID-19 and now people are keeping them as personalized medical equipment which is increasing its market demand. The market players are producing these devices in extended capacity still the demand is so high that they are not getting able to satisfy it.
Segmental Outlook
The global respiratory device market is segmented based on diagnostic devices, therapeutic devices, and disposable devices. Based on the diagnostic devices, the market is segmented into spirometers, sleep test devices, peak flow meters, pulse oximeters, capnographs, and others. Based on the therapeutic devices, the market is segmented into CPAP devices, BiPAP devices, humidifiers, nebulizers, oxygen concentrators, ventilators, inhalers, and others. Based on the disposable devices, the market is segmented into masks, breathing circuits, and others.
Global Respiratory Device Market Share by Therapeutic Devices, 2020 (%)
Inhalers and Ventilators will Drive the Market Growth of Respiratory Devices
Inhalers hold the major share in therapeutic respiratory devices. The increasing prevalence of asthma with the rising pollution is the major driving factor for it. Additionally, the rising number of smokers and tobacco addicts will contribute to the increase of COPD cases globally which will also boost the growth of the inhalers segment. Metered-dose and dry-powder inhalers are the common varieties of inhalers.
Ventilators remain the life savior equipment not only for the patients with respiratory diseases but also for patients with other severe diseases including, brain tumor, cancer, and many more. The outbreak of COVID-19 had given a boost to the demand for ventilators which is expected to drive the market further during the forecast period.
Under the segment of diagnostic devices, sleep test devices are emerging in the market as lots of health-conscious people are now using them to monitor their body behavior while sleeping.
Regional Outlooks
The global respiratory device market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others, and the Rest of the World (the Middle East and Africa, and Latin America).
Global Respiratory Device Market Growth, by Region 2021-2027
The Whole Globe is giving Considerable Growth to the Global Respiratory Devices Market
According to the World Health Organization, there were 251 million cases of COPD throughout the globe. The outbreak of COVID-19 had almost equally impacted the world. Hence the demand for respiratory devices was equally raised throughout the globe. However, due to technological advancement, North America is expected to contribute more to the respiratory devices market. If the COVID-19 pandemic was not there, still the prevalence of other respiratory diseases including asthma is giving considerable growth to the respiratory devices market.
Europe has reimbursement policies for PAP devices as they are not covered by insurance which attracts patients who rely on reimbursement for their treatment. Medical tourism is also driving the growth of the respiratory devices market, especially from India and China due to low infrastructure and insufficient physicians in the Asia Pacific region.
Market Players Outlook
The major companies serving the global respiratory device market include Duracell, Inc., Panasonic Corp., Electric Fuel, Inc., GPB International Ltd., RedFlow Ltd., EaglePicher Technologies LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,
- Dragerwerk AG & Co. KGAA had launched Oxylog VE300 in 2017 which is a transportable ventilator and can be used outside the hospital. This had easied the shifting of serious patients from one hospital to another, without removing their ventilator support.
- Philips had launched PHILIPS RESPIRONICS E30 VENTILATOR in April 2020. This had added a premium quality product to the company’s product portfolio.
- Masimo Corp. had acquired NantHealth's connected care business in January 2020. This acquisition had enabled Masimo to provide consistent assistance to the hospitals with non-invasive monitoring technology.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global respiratory device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Respiratory Device Market
• Recovery Scenario of Global Respiratory Device Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Koninklijke Philips N.V.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Medtronic plc
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Drager AG
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. GE Healthcare
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Getinge AB
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Respiratory Device Market by Diagnostic Devices
5.1.1. Spirometers
5.1.2. Sleep Test Devices
5.1.3. Peak Flow Meters
5.1.4. Pulse Oximeters
5.1.5. Capnography
5.1.6. Others
5.2. Global Respiratory Device Market by Therapeutic Devices
5.2.1. CPAP Devices
5.2.2. BiPAP Devices
5.2.3. Humidifiers
5.2.4. Nebulizers
5.2.5. Oxygen Concentrators
5.2.6. Ventilators
5.2.7. Inhalers
5.2.8. Others
5.3. Global Respiratory Device Market by Disposable Devices
5.3.1. Masks
5.3.2. Breathing Circuits
5.3.3. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3B Medical, Inc.
7.2. Adamis Pharmaceuticals Corp.
7.3. BMC Medical Co., Ltd.
7.4. Chart Industries, Inc.
7.5. CHIESI Farmaceutici S.p.A.
7.6. Cipla, Ltd.
7.7. Circadiance LLC
7.8. Curative Medical
7.9. DeVilbiss Healthcare LLC
7.10. General Electric (GE) Co.
7.11. Gilbert Technologies B.V.
7.12. Drager AG
7.13. H&T Presspart Manufacturing, Ltd.
7.14. Hamilton Medical AG
7.15. Invacare Corp.
7.16. Koninklijke Philips N.V.
7.17. L’Air Liquide S.A.
7.18. Medtronic plc
7.19. Omron Healthcare, Inc.
7.20. Orion Corp.
7.21. PMD Device Solutions, Ltd.
7.22. PULMATRiX, Inc.
7.23. ResMed, Inc.
7.24. Respira Therapeutics, Inc.
7.25. Savara, Inc.
7.26. Teicos Pharma, Ltd.
7.27. Vapotherm, Inc.
7.28. Viatris, Inc.
7.29. Vyaire Medical, Inc.
7.30. Whole You, Inc.
1. GLOBAL RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DIAGNOSTIC DEVICES, 2020-2027 ($ MILLION)
2. GLOBAL SPIROMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SLEEP TEST DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL PEAK FLOW METERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL PULSE OXIMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL CAPNOGRAPHY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHER RESPIRATORY DIAGNOSTIC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC DEVICES, 2020-2027 ($ MILLION)
9. GLOBAL CPAP DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL BIPAP DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL HUMIDIFIERS DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL NEBULIZERS DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OXYGEN CONCENTRATORS DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL VENTILATORS DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL INHALERS DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL OTHER RESPIRATORY THERAPEUTIC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DISPOSABLE DEVICES, 2020-2027 ($ MILLION)
18. GLOBAL RESPIRATORY MASKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL RESPIRATORY BREATHING CIRCUIT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL OTHER RESPIRATORY DISPOSABLE DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
21. GLOBAL RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
22. NORTH AMERICAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. NORTH AMERICAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DIAGNOSTIC DEVICES, 2020-2027 ($ MILLION)
24. NORTH AMERICAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC DEVICES, 2020-2027 ($ MILLION)
25. NORTH AMERICAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DISPOSABLE DEVICES, 2020-2027 ($ MILLION)
26. EUROPEAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. EUROPEAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DIAGNOSTIC DEVICES, 2020-2027 ($ MILLION)
28. EUROPEAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC DEVICES, 2020-2027 ($ MILLION)
29. EUROPEAN RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DISPOSABLE DEVICES, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. ASIA-PACIFIC RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DIAGNOSTIC DEVICES, 2020-2027 ($ MILLION)
32. ASIA-PACIFIC RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC DEVICES, 2020-2027 ($ MILLION)
33. ASIA-PACIFIC RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DISPOSABLE DEVICES, 2020-2027 ($ MILLION)
34. REST OF THE WORLD RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
35. REST OF THE WORLD RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DIAGNOSTIC DEVICES, 2020-2027 ($ MILLION)
36. REST OF THE WORLD RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC DEVICES, 2020-2027 ($ MILLION)
37. REST OF THE WORLD RESPIRATORY DEVICE MARKET RESEARCH AND ANALYSIS BY DISPOSABLE DEVICES, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL RESPIRATORY DEVICE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL RESPIRATORY DEVICE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL RESPIRATORY DEVICE MARKET, 2021-2027 (%)
4. GLOBAL RESPIRATORY DEVICE MARKET SHARE BY DIAGNOSTIC DEVICES, 2020 VS 2027 (%)
5. GLOBAL SPIROMETERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL SLEEP TEST DEVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL PEAK FLOW METERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL PULSE OXIMETERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL CAPNOGRAPHY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL OTHER RESPIRATORY DIAGNOSTIC DEVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL RESPIRATORY DEVICE MARKET SHARE BY THERAPEUTIC DEVICES, 2020 VS 2027 (%)
12. GLOBAL CPAP DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL BIPAP DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL HUMIDIFIERS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL NEBULIZERS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL OXYGEN CONCENTRATORS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL VENTILATORS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL INHALERS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL OTHER RESPIRATORY THERAPEUTIC DEVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL RESPIRATORY DEVICE MARKET SHARE BY DISPOSABLE DEVICES, 2020 VS 2027 (%)
21. GLOBAL RESPIRATORY MASKS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
22. GLOBAL RESPIRATORY BREATHING CIRCUITS DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
23. GLOBAL OTHER RESPIRATORY DISPOSABLE DEVICE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
24. GLOBAL RESPIRATORY DEVICE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
25. US RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
26. CANADA RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
27. UK RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
28. FRANCE RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
29. GERMANY RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
30. ITALY RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
31. SPAIN RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF EUROPE RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
33. INDIA RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
34. CHINA RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
35. JAPAN RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
36. SOUTH KOREA RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
37. REST OF ASIA-PACIFIC RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
38. REST OF THE WORLD RESPIRATORY DEVICE MARKET SIZE, 2020-2027 ($ MILLION)
