The global respiratory devices and equipment (therapeutic) market size is expected to grow from $16.33 billion in 2021 to $18.03 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The global therapeutic respiratory devices and equipment market size is then expected to grow to $26.83 billion in 2026 at a CAGR of 10.4%.
What is the Global Respiratory Devices and Equipment (Therapeutic) Market?
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.
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What drives the Global Respiratory Devices and Equipment (Therapeutic) Market?
The market for respiratory devices and equipment is expected to expand rapidly. The fact that COVID-19 is essentially a respiratory ailment has boosted the use of respiratory monitoring devices, in turn contributing to the growth of this market. Currently, there is a huge demand for respiratory devices including ventilators, especially in developing countries. Companies across the globe are focusing on increasing the availability of ventilators, nebulizers, and other respiratory support devices for patients.
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Global Respiratory Devices and Equipment (Therapeutic) Market Segments
The global respiratory devices and equipment (therapeutic) market is 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 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 accounts for the largest share in the global respiratory devices and equipment (therapeutic) market.
Respiratory Devices and Equipment (Therapeutic) Global Market Report 2022provides market size and growth forecasts for the global respiratory devices and equipment (therapeutic) market, global respiratory devices and equipment market share, respiratory devices and equipment market segments and geographies, respiratory devices and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The respiratory devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Respiratory Devices and Equipment (Therapeutic) Industry Playersinclude Hamilton Medical AG, Koninklijke Philips N.V, Smiths Medica, Ge Healthcare, Philips Health Care, Chart Industries, Invacare Corporation, Fisher & Paykel Healthcare Limited, Resmed, and Dragerwerk AG. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
