The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
The market size for respiratory devices and equipment (therapeutic and diagnostic) has seen substantial growth recently. The market has expanded from $12.18 billion in 2024 to $13.85 billion in 2025, with a compound annual growth rate (CAGR) of 13.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Respiratory Devices And Equipment (Therapeutic And Diagnostic) Industry?
The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market is expected to reach a value of $24.31 billion in 2029 and grow at a compound annual growth rate (CAGR) of 15.1%.
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What are the Key Growth Drivers Fueling the Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
The key drivers in the respiratory devices and equipment (therapeutic and diagnostic) market are:
• The emergence and expansion of minimally invasive therapeutic techniques
• The growth and development of emerging markets
• Support and reimbursement from regulatory bodies
• The increase in personalized medicine treatments
Global Market Segmentation: Identifying Major Respiratory Devices And Equipment (Therapeutic And Diagnostic) Industry Segments
The respiratory devices and equipment (therapeutic and diagnostic) market covered in this report is segmented –
1) By Type: Diagnostic devices, Therapeutic devices, Monitoring devices
2) By Application: Chronic Obstructive Pulmonary Disease (COPD), Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, Pneumonia
3) By End User: Hospitals, Clinics, Homecare settings, Ambulatory service centers
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What are the Emerging Trends Shaping the Future of the Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
The key trends in the respiratory devices and equipment (therapeutic and diagnostic) market are:
• There's a trend towards minimally invasive techniques in the market.
• The integration of telemedicine in respiratory devices and equipment is an emerging trend.
• Home-based respiratory care and monitoring are gaining momentum.
• Sustainable and eco-friendly practices in the production and use of respiratory devices is an upcoming trend.
Who Are the Top Competitors & Leading Players in the Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
Major companies in the respiratory devices and equipment (therapeutic and diagnostic) market are:
• Smiths Medical Inc.
• Philips Healthcare
• GE Healthcare
• Chart Industries Inc.
• Invacare Corporation
• Fisher & Paykel Healthcare Limited
• ResMed Inc.
• Koninklijke Philips N.V.
• Dragerwerk AG
• Medtronic plc
• Masimo Corp.
• CareFusion Corporation
• Compumedics Limited
• Becton Dickinson and Company
• Hamilton Medical
• Mindray Medical International Limited
• Vyaire Medical Inc.
• Getinge AB
• AirSep Corporation
• Breas Medical AB
• Hill-Rom Holdings Inc.
• Inogen
• Shenzhen Mindray Bio-Medical Electronics Co.
• Linde plc
• DeVilbiss Healthcare LLC
• Nihon Kohden Corporation
• Nonin Medical Inc.
• O2 Concepts LLC
• Precision Medical Inc.
• Pulmodyne Inc.
• Salter Labs Inc.
• Sechrist Industries Inc.
• Teleflex Inc.
• Ventec Life Systems
• VitalAire
• Weinmann Emergency Medical Technology GmbH + Co. KG
• ZOLL Medical Corporation
Regional Dominance: Which Area Leads the Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
Asia-Pacific was the largest region in respiratory devices and equipment (therapeutic and diagnostic) market in 2023
