Europe Respiratory Therapeutic Devices Market

Rise in respiratory diseases and the need for therapeutic gadgets for home care will boost the market growth

Infectious respiratory illnesses directly influence the demand for respiratory care. The most recent and serious of these illnesses is COVID-19; due to the epidemic, demand for ventilators and other personal protective equipment has increased significantly. The COVID-19 epidemic has increased the need for ventilators, which has led to governmental and commercial backing for accelerating manufacture. This demonstrates the importance placed on respiratory treatment in the context of an outbreak; as a result, a good growth rate in the Europe Respiratory Therapeutic Devices market is anticipated.

By Region, the study provides market insights into Germany, France, U.K. and Rest of the Europe. Germany Europe Respiratory Therapeutic Devices market accounted for USD 1.7 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Asthma, chronic obstructive pulmonary disease (COPD), chronic bronchitis, and pneumonia are just a few of the respiratory illnesses and disorders that are predicted to have a rising impact on the market for respiratory devices in Europe.

Also, the Europe Respiratory Therapeutic Devices market expansion is anticipated to be boosted by technical developments resulting in the creation of sophisticated and effective technologies for diagnosing sickness. The Europe Respiratory Therapeutic Devices market is also expanding due to rising investments in the construction of medical and healthcare facilities and an increase in screening tests and diagnostic procedures.

Further, the major countries studied in the market report are The Germany, France, the U.K., Italy, Spain and Brazil.

Figure 2: EUROPE RESPIRATORY THERAPEUTIC DEVICES MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Due to increased preterm birth rates and a growing senior population, the German respiratory equipment industry thrives in Europe. Factors behind the surge include the fact that rapid urbanization has degraded air quality and increased pollution. Additionally, increasing the risk of respiratory illnesses and Europe Respiratory Therapeutic Devices market demand are smoking practices.

Due to the growing elderly population in the area, the respiratory device markets in the U.K. and France are also anticipated to expand significantly. The likelihood of respiratory illnesses has also grown due to people's urbanization and smoking habits, which has raised market demand.

Leading market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for Europe's Respiratory Therapeutic Devices. With significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market developments are also undertaking various strategic activities to expand their global presence. To grow and remain in a market that is becoming more and more competitive, Europe's Respiratory Therapeutic Devices industry competitors must provide affordable products.

Manufacturing locally to cut operational costs is one of the main business tactics used by the Europe Respiratory Therapeutic Devices industry to serve customers and increase the market sector. The Europe Respiratory Therapeutic Devices industry has recently given medicine some of the most important advantages.

In the Europe Respiratory Therapeutic Devices markets, major players such as ResMed, Inc., Chart Industries (Airsep Corporation), CareFusion Corporation, Covidien Plc, Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V. (Philips Healthcare), Masimo Corporation, Maquet Getinge Group, Invacare Corporation, GE Healthcare, and others are working on expanding the market demand by investing in research and development activities.

The medical equipment business ResMed Inc. is situated in San Diego, California. It primarily offers cloud-connected medical equipment to treat sleep apnea, chronic obstructive pulmonary disease, and other respiratory disorders. ResMed introduced AirSense11, a new PAP treatment gadget, in August 2021. It contains a remote software update that makes therapy easier to start and offers comfort at night.

With its headquarters in Mumbai, Cipla Ltd is a worldwide pharmaceutical corporation. Cipla focuses on creating medications to treat various illnesses, including arthritis, diabetes, depression, cardiovascular disease, respiratory diseases, and many more. Cipla introduced Spirofy, a wireless, portable spirometer, in November 2021. It features bacterial and virus filters that make the user comfortable in distant areas without access to electricity and outdoor camping.