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 of the market is 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 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 increase in preterm births.
The comprehensive and significant market research study on Respiratory Care Devices offers business strategies, qualitative and quantitative analyses, and emerging trends. The report provides in-depth examination and analysis of the key elements of the global Respiratory Care Devices market. By conducting extensive primary and secondary research and analysing the drivers, constraints, challenges, trends, and opportunities of the Respiratory Care Devices Market, the research analysts created this report.
However, the market's potential for revenue development may be constrained by the high price of Continuous Positive Airway Pressure (CPAP) equipment. For instance, there are numerous CPAP machines available today. Several accessories are required for the use of a CPAP machine, including a humidifier, humidifier hose, and mask. The cost of a restful night's sleep rises with each of these improvements. Prescriptions are needed to purchase CPAP devices, which reduces their availability and drives up their cost. CPAP equipment are an ongoing expense because chronic sleep apnea cases predominate. A new machine must be acquired every five years, and expensive replacement accessories must be purchased every three months.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Respiratory Care Devices market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Respiratory Care Devices market and pinpoint the fundamental growth trends.
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
Global Respiratory Care Devices Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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.
Market Overview:
The report bifurcates the Respiratory Care Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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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Key reasons to buy the Global Respiratory Care Devices Market report:
- The latest report comprehensively studies the global Respiratory Care Devices market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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