Respiratory Care Devices Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., General Electric Company

The respiratory care devices market is estimated to reach USD 28.4 billion by 2027, up from USD 19.5 billion in 2021, at an 8.8% CAGR from 2022 to 2027.

Respiratory Care Devices Market Overview

Respiratory care devices are used to diagnose, monitor, and treat conditions such as COPD, asthma, tuberculosis, and pneumonia. Respiratory care devices are beneficial for patients with both acute and chronic respiratory disorders. Respiratory care devices are used to treat, evaluate, diagnose, and provide care for patients with cardiopulmonary devices. Respiratory care devices are used to treat, evaluate, diagnose, and provide care for patients with cardiopulmonary devices. Respiratory care devices are used to treat lung ailments such chronic bronchitis, TB, acute and chronic pulmonary diseases, asthma, and others. As people age, their lungs start to function worse, which leads to a number of physiological, functional, and immunological alterations in the respiratory system.

Infectious respiratory infections are increasing the burden on the global healthcare system. Several conditions linked to immune weakness can cause infectious respiratory illness. The majority of contagious respiratory illnesses are brought on by bacteria that can infect the respiratory system and are transmitted from person to person through saliva and mucus. Contagious respiratory illnesses can range in severity from mild to severe. A long number of illnesses, including tuberculosis (TB), COVID-19, influenza, diphtheria, measles, pneumonia, pertussis, and respiratory syncytial virus, are classified as infectious respiratory diseases (RSV).

Industry News and Updates:

Apr 14, 2020: Philips introduces new Philips Respironics E30 ventilator to help free up ICU units in wake of COVID-19--

Philips today announced its initiative to quickly scale production of its new Philips Respironics E30 ventilator as a readily available ventilation alternative during the COVID-19 crisis in situations where full-featured, critical care ventilators are not available. Philips will begin production immediately, ramping up outputs on an ongoing basis with expectations of producing 15,000 units per week in April, 2020.

11/02/2020: Masimo Announces Limited Market Release of Radius VSM™—

Masimo (NASDAQ: MASI) announced today that Radius VSM™, a wearable, tetherless vital signs monitor, has received CE marking and is being released in limited European markets. The versatile, expandable Radius VSM provides the ability to monitor a wide variety of physiological measurements, including continuous SET® pulse oximetry, noninvasive blood pressure, body temperature, respiration rate, and electrocardiography (ECG). Designed on a wearable, modular platform, Radius VSM features can be scaled to accommodate surges in patient volume and for use across the continuum of patient care, based upon each patient’s needs and level of acuity. For additional versatility, Radius VSM can operate as a self-contained device or be used wirelessly with Masimo bedside monitors and patient surveillance systems—automating the integration of expanded monitoring and the transfer of continuous monitoring data to electronic medical records (EMRs).

What are the major Applications, Types and Regions for Respiratory Care Devices Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Stationary Diagnostic Devices


• Portable Diagnostic Devices

By Application, it is segmented into

• Hospital


• Clinic


• Physical Examination Center

Respiratory Care Devices Market Regional Analysis

North America is the largest market for respiratory care devices, with the United States leading the way, followed by Canada. The increased acceptance of cutting-edge technology, the growing population, and the implementation of supportive government regulations are all credited with driving the growth of the respiratory care devices market in the US. In 2018, there were 9 million adult cases of bronchitis diagnosed by the Centers for Disease Control and Prevention (CDC), of which 3.8% had severe symptoms. The CDC also reported that 3.8 million persons had emphysema diagnoses in 2018. As a result, the growing population of people with COPD and respiratory illnesses will increase the demand for extra oxygen, which will lead to an increase in the market for supplemental oxygen. Because of the rising levels of pollution in the developing countries, Asia-Pacific is expected to see considerable growth in the respiratory care devices market. Additionally, it is projected that the countries' activities would further fuel the region's market for respiratory care devices in the upcoming years.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Respiratory Care Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Respiratory Care Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Respiratory Care Devices Market report scope?

Key Takeaways from this Respiratory Care Devices Market Report

• Evaluate Respiratory Care Devices market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Respiratory Care Devices market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Respiratory Care Devices Market?

The Respiratory Care Devices Market is growing at a CAGR of 8.8% over the next 5 years.

Who are the key players in Respiratory Care Devices Market?

Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., General Electric Company, Getinge AB, Inogen, Inc., Masimo., Medtronic, Koninklijke Philips N.V., ResMed, VYAIRE., 3B Medical Inc., Airon Corporation, alpha trace medical systems, APEX MEDICAL CORP., Besco Medical, Bio-Med Devices, BPL Medical Technologies, CAIRE Inc., Teleflex Incorporated, Nonin., Precision Medical, Inc., SERVONA GmbH, Flight-Medical Innovations Ltd., CONTEC MEDICAL SYSTEMS CO., LTD

What are the significant types of Respiratory Care Devices Market?

Stationary Diagnostic Devices, Portable Diagnostic Devices

What are the major end-use applications of Respiratory Care Devices Market?

Hospital, Clinic, Physical Examination Center

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