Therapeutic Respiratory Devices And Equipment Global Market To Reach Value Of About $46 Billion In 2025

3 Nov, 2021

The respiratory devices and equipment (therapeutic) market consists of sales of respiratory devices and equipment used to treat patients with acute or chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, asthma, sleep disorders, etc. The market includes the sales of respiratory monitoring devices establishments primarily engaged in the manufacturing of nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices, ventilators, capnographs, and gas analyzers.

Global Respiratory Devices And Equipment (Therapeutic) Market Size And Drivers:

The global therapeutic respiratory devices and equipment market is expected to decline from $33.97 billion in 2020 to $24.71 billion in 2021 at a compound annual growth rate (CAGR) of -27.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The respiratory devices and equipment market is expected to reach $45.81 billion in 2025 at a CAGR of 16.7%. Rising prevalence of respiratory diseases such as Chronic Obstructive Pulmonary Disorder (COPD) and sleep apnea contributed to the growth of the therapeutic respiratory devices and equipment market.

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Trends In The Global Respiratory Devices And Equipment (Therapeutic) Market

The companies in the respiratory devices and equipment therapeutic market are increasingly using AI to develop respiratory devices to treat Asthma and COPD. Artificial intelligence supports the development of innovative sensors-equipped inhalers which helps patients to track their dosage intake. These sensors are durable and consume less power and help caution the patients by noting the differences or fluctuations in the respiration. These are used for both add-on and embedded inhalers. These inhalers with sensors can track data automatically and can alert both the doctors and patients about the health condition of the patients. Also, the companies in developing devices such as AI aided imaging systems and AI aided platforms that will act as voice biomarkers. For instance, Verbal and Healthymize, two early-stage Israeli AI healthtech companies, announced a merger in 2019 to create a joint company (Vocalis Health) that will be a global leader in vocal biomarkers which develops an artificial intelligence-based platform that uses voice interaction through a call center or smart device to passively screen and monitor millions of patients that live with a range of voice-affecting diseases, like chronic respiratory or cardiac conditions or depression.

Global Respiratory Devices And Equipment (Therapeutic) Market Segments:
The global respiratory devices and equipment market is further segmented –
By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers
By End-User: Homecare Settings, Hospitals
By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fiber Filtration, Others
By Geography: The global therapeutic respiratory devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Respiratory Devices And Equipment (Therapeutic) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides therapeutic respiratory devices and equipment market overviews, analyzes and forecasts market size and growth for the global respiratory devices and equipment (therapeutic) market, respiratory devices and equipment (therapeutic) market share, respiratory devices and equipment (therapeutic) market players, respiratory devices and equipment (therapeutic) market segments and geographies, respiratory devices and equipment (therapeutic) market’s leading competitors’ revenues, profiles and market shares. The respiratory devices and equipment (therapeutic) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.