Respiratory Therapeutic Devices Market Research Report – Forecast till 2027

Respiratory Therapeutic Devices Market Research Report, By Product (Nebulizers, Humidifiers) By Technology (Electrostatic Filtration, HEPA) By Application (Asthma, COPD, Cystic Fibrosis) By End Users (Hospitals, Home Care) - Forecast till 2027

ID: MRFR/MED/0116-HCR | February 2021 | Region: Global | 90 pages

Impact of Covid-19 on Respiratory Therapeutic Devices Market


COVID-19 is a respiratory disease caused due to coronavirus. Currently, the world is facing a pandemic due to this disease. The pandemic has posed a huge impact on the respiratory therapeutic devices market currently. This is because coronavirus affects the lung tissues, hence causing respiratory problems.


The Food and Drug Administration (FDA) recognized the need for respiratory therapeutic devices, such as medical ventilators and respirators, among others. The regulatory body issued Emergency Use Authorizations for respirators and Emergency Use Authorizations for systems that can decontaminate certain types of N95 respirators for reuse by healthcare personnel in healthcare settings. FDA also recognized that the need for respiratory therapeutic devices might outpace the supply available for healthcare facilities during the COVID-19 pandemic. Therefore, it collaborated with manufacturers of ventilators, ventilator accessories, and other respiratory therapeutic devices to achieve a better understanding regarding the supply chain issues related to the COVID-19 outbreak and to help in the mitigation of any widespread shortages of these devices.


The demand for respiratory therapeutic devices such as ventilators, disposable masks, reusable masks, respiratory drug delivery devices, airway clearance machines, and oxygen systems, among others has increased. Companies have expanded their manufacturing capacities to cater to the demand for these products. As of 5 May 2020, companies such as Koninklijke Philips N.V., Medtronic, Vortran, and ResMed have increased their production of vital respiratory devices. On 1 April 2020, Koninklijke Philips N.V. announced that it is adding manufacturing lines, increasing the number of shifts, hiring additional manufacturing employees, and shifting current employees to support the increasing demand for respiratory devices. Following is a table demonstrating the developments carried out top players in the respiratory therapeutic devices market:
 therapeutic devices market


Source: Press Releases and MRFR Analysis


Some companies have also started to launch new products to cater to these demands. For instance, on 13 May 2020, Griffyn Robotech, an artificial intelligence (AI) innovations company based in Pune, India announced that it has developed an AI specialized ventilation device named SHWAAS, to help the country fight against COVID-19 and cater to an estimated demand of 50,000 ventilators in the next two months. Moreover, on 21 April 2020, scientists at the University of Barcelona, Spain, announced that they have designed a prototype of a ventilator that can support the treatment for coronavirus and other severe respiratory diseases, especially in the low-income countries of the world. This is because the ventilator can be built at a low cost using off-the-shelf components. Furthermore, engineers and researchers are coming up with innovative solutions, such as a device named Ventil, which when attached to a ventilator, can allow for the ventilation of two patients at a time.


Governments of various countries are adopting measures to support the import and export of respiratory therapeutic devices. For instance, on 14 April 2020, governments of some Latin American countries, such as Brazil, Argentina, and Colombia, among others, scrapped import duties on some respiratory equipment coming from India as a temporary trade-relief measure to fight against COVID-19. These respiratory devices including gas masks, oxygen therapy devices, tracheostomy kits, laryngeal airway masks, and ventilators, among others. Governments are also creating alliances with manufacturers to handle the situation and the international regulatory agencies are also considering accelerated approval of certain respiratory devices. For instance, as of 5 April 2020, the UK government asked the automobile manufacturers such as Ford, Honda, and Rolls-Royce to temporarily shift a part of their assembly line focus from cars to the development of respiratory equipment. This agreement is currently undergoing a regulatory approval process. The following figure demonstrates the mobile ventilator production plan of Ford, in collaboration with GE Healthcare.
Healthcare


Source: Press Releases and MRFR Analysis


The pandemic has posed quite a negative impact on the market of respiratory therapeutic devices such as CPAP devices, as they are not used in the treatment of COVID-19 and hence are less in demand currently. Additionally, manufacturers of these devices are also focusing on the manufacturing of respiratory devices that can be used for the treatment of COVID-19. They are also facing a shortage of raw materials to manufacture products.

TABLE OF CONTENT

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Respiratory Therapeutic Devices Market, by Product

6.1 Introduction

6.2 Nebulizers

Market Estimates & Forecast, 2020-2027

6.2.1 Soft Mist Inhaler

6.2.2 Human Powered Nebulizer

6.2.3 Others

6.3 Capnographs

Market Estimates & Forecast, 2020-2027

6.3.1 Main-Stream Capnographs

6.3.2 Side-Stream Capnographs

6.3.3 Others

6.4 Humidifiers

Market Estimates & Forecast, 2020-2027

6.5 Oxygen Concentrators

Market Estimates & Forecast, 2020-2027

6.6 Others

Chapter 7. Global Respiratory Therapeutic Devices Market, by Technology

7.1 Introduction

7.2 Electrostatic Filtration

Market Estimates & Forecast, 2020-2027

7.3 HEPA

Market Estimates & Forecast, 2020-2027

7.4 Hollow Fiber Filtration

Market Estimates & Forecast, 2020-2027

7.5 Microsphere Separation

Market Estimates & Forecast, 2020-2027

7.6 Others

Chapter 8. Global Respiratory Therapeutic Devices Market, by Application

8.1 Introduction

8.2 Asthma

Market Estimates & Forecast, 2020-2027

8.3 Chronic Obstructive Pulmonary Disease (COPD)

Market Estimates & Forecast, 2020-2027

8.4 Cystic Fibrosis

Market Estimates & Forecast, 2020-2027

8.5 Others

Chapter 9. Global Respiratory Therapeutic Devices Market, by End Users

9.1 Introduction

9.2 Hospitals & Clinics

Market Estimates & Forecast, 2020-2027

9.3 Retail Pharmacies

Market Estimates & Forecast, 2020-2027

9.4 Home Care

Market Estimates & Forecast, 2020-2027

9.5 Others

Chapter 10. Global Respiratory Therapeutic Devices Market, by Region

10.1 Introduction

10.2 America

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 Republic of Korea

10.4.6 Rest of Asia Pacific

10.5 The Middle East & Africa

10.5.1 United Arab Emirates

10.5.2 Saudi Arabia

10.5.3 Oman

10.5.4 Kuwait

10.5.5 Qatar

10.5.6 Rest of the Middle East & Africa

Chapter 11. Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

11.3.1 Key Developments

Chapter 12 Company Profiles

12.1 Masimo.

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials

12.2.4 Key Developments

12.1.5 SWOT Analysis

12.2 BD.

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Smiths Group plc.

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 F. Hoffmann-La Roche Ltd

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Bayer AG

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.6 Acare Technology

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 Rotech Healthcare Inc.

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financials

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Chart Industries

12.8.1 Overview

12.8.2 Product Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 Others

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s View Point

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Prediction of Respiratory Therapeutic Devices Market

Chapter 14 Appendix

LIST OF TABLES

Table 1 Respiratory Therapeutic Devices Industry Synopsis, 2020-2027

Table 2 Global Respiratory Therapeutic Devices Market Estimates and Forecast, 2020-2027, (USD Million)

Table 3 Global Respiratory Therapeutic Devices Market by Region, 2020-2027, (USD Million)

Table 4 Global Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 5 Global Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 6 Global Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 7 Global Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 8 North America Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 9 North America Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 10 North America Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 11 North America Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 12 U.S. Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 13 U.S. Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 14 U.S. Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 15 U.S. Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 16 Canada Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 17 Canada Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 18 Canada Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 19 Canada Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 20 South America Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 21 South America Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 22 South America Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 23 South America Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 24 Europe Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 25 Europe Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 26 Europe Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 27 Europe Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 28 Western Europe Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 29 Western Europe Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 30 Western Europe Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 31 Western Europe Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 32 Eastern Europe Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 33 Eastern Europe Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 34 Eastern Europe Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 35 Eastern Europe Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 36 Asia Pacific Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 37 Asia Pacific Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 38 Asia Pacific Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 39 Asia Pacific Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

Table 40 Middle East & Africa Respiratory Therapeutic Devices Market by Product, 2020-2027, (USD Million)

Table 41 Middle East & Africa Respiratory Therapeutic Devices Market by Technology, 2020-2027, (USD Million)

Table 42 Middle East & Africa Respiratory Therapeutic Devices Market by Application, 2020-2027, (USD Million)

Table 43 Middle East & Africa Respiratory Therapeutic Devices Market by End Users, 2020-2027, (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Respiratory Therapeutic Devices Market

Figure 3 Market Dynamics for Global Respiratory Therapeutic Devices Market

Figure 4 Global Respiratory Therapeutic Devices Market Share, by Product 2020

Figure 5 Global Respiratory Therapeutic Devices Market Share, by Technology 2020

Figure 6 Global Respiratory Therapeutic Devices Market Share, by Application, 2020

Figure 7 Global Respiratory Therapeutic Devices Market Share, by End Users, 2020

Figure 8 Global Respiratory Therapeutic Devices Market Share, by Region, 2020

Figure 9 North America Respiratory Therapeutic Devices Market Share, by Country, 2020

Figure 10 Europe Respiratory Therapeutic Devices Market Share, by Country, 2020

Figure 11 Asia Pacific Respiratory Therapeutic Devices Market Share, by Country, 2020

Figure 12 Middle East & Africa Respiratory Therapeutic Devices Market Share, by Country, 2020

Figure 13 Global Respiratory Therapeutic Devices Market: Company Share Analysis, 2020 (%)

Figure 14 Masimo.: Key Financials

Figure 15 Masimo.: Segmental Revenue

Figure 16 Masimo.: Geographical Revenue

Figure 17 BD.: Product UK Ltd: Key Financials

Figure 18 BD.: Product UK Ltd: Segmental Revenue

Figure 19 BD.: Product UK Ltd: Geographical Revenue

Figure 20 Smiths Group plc.: Key Financials

Figure 21 Smiths Group plc.: Segmental Revenue

Figure 22 Smiths Group plc.: Geographical Revenue

Figure 23 F. Hoffmann-La Roche Ltd: Key Financials

Figure 24 F. Hoffmann-La Roche Ltd: Segmental Revenue

Figure 25 F. Hoffmann-La Roche Ltd: Geographical Revenue

Figure 26 Bayer AG: Key Financials

Figure 27 Bayer AG: Segmental Revenue

Figure 28 Bayer AG: Geographical Revenue

Figure 29 Acare Technology: Key Financials

Figure 30 Acare Technology: Segmental Revenue

Figure 31 Acare Technology: Geographical Revenue

Figure 32 Rotech Healthcare Inc.: Key Financials

Figure 33 Rotech Healthcare Inc.: Segmental Revenue

Figure 34 Rotech Healthcare Inc.: Geographical Revenue

Figure 35 Chart Industries: Key Financials

Figure 36 Chart Industries: Segmental Revenue

Figure 37 Chart Industries: Geographical Revenue