Global respiratory care devices market to reach USD 30.1 billion by 2027. Global respiratory care devices market to reach USD 30.1 billion by 2027.
Global respiratory care devices market is valued approximately at USD 17 billion in 2020 and is anticipated to grow with a healthy growth rate of about 8.5% over the forecast period 2021-2027. Respiratory care devices are used to diagnose, monitor, and treat respiratory diseases such as tuberculosis, chronic obstructive pulmonary disease (COPD), pneumonia and asthma. These devices offer enhanced care to patients suffering from chronic and acute respiratory diseases. The global respiratory care devices market is being driven by rapid growth in the global geriatric population and urbanization and growing pollution levels.
Furthermore, point-of-care diagnostics will provide new opportunities for the global respiratory care devices industry. There has been a significant growth expected in the elderly population across the globe. For instance, according to the United Nations, worldwide geriatric population is expected to touch 1.5 billion by 2050 from approximately 727 million persons in 2020.
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This is expected to increase the prevalence of respiratory diseases in elderly population and hence increase the demand and adoption of respiratory care devices. Therefore, this would promote the market growth. However, high cost of CPAP machines may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global respiratory care devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global respiratory care devices market over the forecast period 2021-2027. Factors such as increasing healthcare expenditure, presence of a large number of respiratory patients, technological advancements and developments, etc. contribute towards the largest market share of the region in the forecast years.
Major market player included in this report are:
Philips Healthcare
ResMed Inc.
Medtronic plc.
Masimo Corporation
Fisher & Paykel Healthcare
Drager AG
Invacare Corporation
Nihon Kohden
Getinge AB
Air Liquide
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Therapeutic Respiratory Care Devices
Respiratory Care Monitoring Devices
Diagnostic Respiratory Care Devices
Consumables and Accessories
By Disease Indications:
COPD
Sleep Apnea
Asthma
Infectious Diseases
Others
By End User:
Hospitals
Home Care
Ambulatory Care
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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