Global Respiratory Devices And Equipment (Therapeutic) Market Top Major Players 2024, Forecast To 2033
18 Jan, 2024
The therapeutic respiratory devices and equipment market size surged from $19.9 billion in 2023 to $22.01 billion in 2024, exhibiting a 10.6% CAGR. The historic growth is attributed to the prevalence of respiratory conditions, an aging population, and technological advancements. Forecasts predict continued growth to $32.61 billion by 2028, with a 10.3% CAGR. Factors driving this include chronic diseases, telehealth expansion, and innovations in COPD management. Noteworthy trends in the forecast period encompass digital health, remote monitoring, ventilators, respiratory rehabilitation, and telehealth integration.
Global Respiratory Devices And Equipment (Therapeutic) Market Key Driver
The growth of the therapeutic respiratory devices and equipment market is driven by the increased prevalence of respiratory diseases like COPD and sleep apnea. Tobacco consumption contributes to COPD deaths, making it the third leading cause of death worldwide. Sleep apnea affects millions globally, emphasizing the market's importance in addressing respiratory ailments through therapeutic devices.
Get A Free Sample Of The Global Respiratory Devices And Equipment (Therapeutic) Market ReportGlobal Respiratory Devices And Equipment (Therapeutic) Market Segments
The respiratory devices and equipment (therapeutic) market covered in this report is segmented –
1) By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers
2) By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fiber Filtration, Other Technologies
3) By End-User: Homecare settings, Hospitals
By Geography: The regions covered in the respiratory devices and equipment (therapeutic) market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic) market in 2023. Western Europe was the second-largest region in the respiratory devices and equipment (therapeutic) market. The regions covered in the respiratory devices and equipment (therapeutic) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Respiratory Devices And Equipment (Therapeutic) Industry Players
Hamilton Medical AG, Koninklijke Philips N.V., Smiths Medical, GE Healthcare, Philips Healthcare, Chart Industries Inc., Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed Inc., Drägerwerk AG & Co. KGaA, Medtronic plc, Masimo Corporation, CareFusion Corporation, Getinge AB, Hill-Rom Holdings Inc., Becton, Dickinson and Company, Air Liquide S.A., Vyaire Medical Inc., Compumedics Limited, Covidien plc, Mindray Medical International Limited, Inogen Inc., Nihon Kohden Corporation, Siemens Healthcare GmbH, Teleflex Incorporated, Breas Medical AB, AirSep Corporation, Rotech Healthcare Inc., 3B Medical Inc.
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Respiratory Devices And Equipment (Therapeutic) Market Overview
Respiratory devices and equipment (therapeutic) are used to treat patients with acute or chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, asthma, sleep disorders, etc.
Respiratory Devices And Equipment (Therapeutic) Global Market Report 2023 provides data on the global respiratory devices and equipment (therapeutic) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The respiratory devices and equipment (therapeutic) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.