Respiratory Care Devices Market Research Report – Forecast to 2027

Respiratory Care Devices Market: Therapeutic devices (PAP Devices), Monitoring devices (Pulse Oximeters), Diagnostic devices (Spirometers), Accessories & Consumables (Disposable Masks), and Application (Asthma and Others)- Forecast till 2027

ID: MRFR/MED/5055-HCR | February 2021 | Region: Global | 85 pages         

Respiratory Care Devices Market

Respiratory care devices market is expected to register a significant growth to reach USD 28.9 billion by 2027, at 9.4% CAGR during the forecast period

Segmentation

Therapeutic devices PAP Devices
Monitoring devices Pulse Oximeters
Diagnostic devices Spirometers
Accessories & Consumables Disposable Masks
Application Asthma and Others

Key Players

  • Philips Healthcare (Netherlands)
  • ResMed
  • Inc. (US)
  • Medtronic plc (Ireland)
  • Masimo Corporation (US)
  • Fisher & Paykel Healthcare Corporation Limited (New Zealand)
  • Becton
  • Dickinson and Company (US)
  • Chart Industries
  • Drägerwerk AG & Co. KGaA (Germany)
  • Hamilton Medical AG (Switzerland)

Drivers

  • increasing frequency of respiratory diseases
  • increasing geriatric population
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Respiratory Care Devices Market Scenario


Respiratory care devices market is expected to register a significant growth at 10.1% CAGR during the forecast period (2018–2023).


The respiratory care devices are used for treatment, assessment, diagnosis, and care of patients suffering from cardiopulmonary devices. Respiratory care devices are used in the treatment of lung diseases such as chronic bronchitis, tuberculosis, acute and chronic pulmonary diseases, asthma, and others. With the growing age, the function of lungs starts to decline and hence the respiratory system undergoes various physiological, functional and immunological changes. The market growth is due to the rising incidences of chronic pulmonary diseases, asthma, and others. These devices can be used in hospitals and in-home care settings as they have developed from stationary to portable ones.


Factors such as the increasing frequency of respiratory diseases, increasing geriatric population, urbanization, and its adverse effects, and changes in the environment and lifestyle boosts the growth of the market. The growing demand for point-of-care diagnostic devices in developing regions is anticipated to provide new opportunities for players in the respiratory care devices market. The lack of awareness about respiratory problems, intense competition, and the cost associated with the device and the respiratory surgery hamper the growth of the market.


Segmentation


The respiratory care devices market has been segmented on the basis of therapeutic devices, monitoring devices, diagnostic devices, accessories and consumables, application, and end-users.


On the basis of therapeutic devices, the market has been classified as pap devices, masks, ventilators, nebulizers, humidifiers, oxygen concentrators, inhalers, reusable resuscitators, nitric oxide delivery units, and oxygen hoods.


On the basis of monitoring devices, the market has been classified as pulse oximeters, pulse oximeter sensors, pulse oximeter equipment, capnographs, and gas analyzers.


On the basis of diagnostic devices, the market has been classified as spirometers, polysomnography (PSG) devices, peak flow meters, and other diagnostic devices.


On the basis of accessories and consumables, the market has been classified as disposable masks, disposable resuscitators, tracheostomy tubes, nasal cannulas, and other consumables and accessories.


On the basis of application, the market has been classified as chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and other diseases.


On the basis of end-users, the market has been classified as hospitals, clinics, ambulatory care, home care, and others.


On the basis of region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas has been further segmented into North America and South America, with the North American market divided into the US and Canada.


The European respiratory care devices market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The respiratory care devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The respiratory care devices market in the Middle East and Africa has been segmented into the Middle East and Africa.


Regional Market Summary


Global Respiratory Care Devices Market Share, by Region, 2017 (%)


Respiratory Care Devices Market


Source: MRFR Analysis


In the respiratory care devices market, North America is anticipated to account for the largest market share due to the early adoption of advanced medical technologies, the rise in awareness, the rise in growth of the healthcare sector, and due to favorable compensation setting for many surgical procedures. According to the Centers for Disease Control and Prevention, in 2015, the number of deaths due to chronic lower respiratory diseases (including asthma) in the US were 155,041 and the number of adults diagnosed with chronic bronchitis was 8.9 million.


The European market is expected to hold the second largest market share. The market growth in this region can be attributed to the rising frequency of diabetic patients, an increasing number of surgeries, and the increasing demand for advanced treatment procedures. According to Eurostat statistics in 2014, there were nearly 382 thousand deaths in the European Union due to respiratory diseases. According to the Global Status Report on Non-Communicable Diseases, 2010 by the World Health Organization (WHO), smoking is predicted to cause about 71% of all lung cancer deaths and 42% of chronic respiratory diseases worldwide.


The Asia-Pacific market is expected to be the fastest growing segment in the near future due to the most dominant causes of respiratory illness and mortality that include tobacco smoking, infections, and air pollution. Factors such as access to optimal treatment facilities, better adoption rate, increase in disposable income, and rising medical tourism help to boost the fastest growing region. The government and NGO's are taking numerous initiatives to spread public awareness and control of the environment regarding the prevention and treatment of respiratory diseases.


The market in the Middle East and Africa is expected to account for the smallest share of the global respiratory care devices market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.


Key Players


Some of the key players in the global respiratory care devices market are Philips Healthcare (Netherlands), ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), and Fisher & Paykel Healthcare Corporation Limited (New Zealand), Becton, Dickinson and Company (US), Chart Industries, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).


Respiratory Care Devices Market, by Therapeutic Devices



  • Pap devices

  • Masks

  • Ventilators

  • Nebulizers

  • Humidifiers

  • Oxygen concentrators

  • Inhalers

  • Reusable resuscitators

  • Nitric oxide delivery units

  • Oxygen hoods


Respiratory Care Devices Market, by Monitoring Devices



  • Pulse oximeters

  • Pulse oximeter sensors

  • Pulse oximeter equipment

  • Capnographs

  • Gas analyzers


Respiratory Care Devices Market, by Diagnostic Devices



  • Spirometers

  • Polysomnography (PSG) Devices

  • Peak Flow Meters

  • Other Diagnostic Devices


Respiratory Care Devices Market, by Accessories and Consumables



  • Disposable masks

  • Disposable resuscitators

  • Tracheostomy tubes

  • Nasal cannulas

  • Other consumables and accessories


Respiratory Care Devices Market, by Application



  • Chronic obstructive pulmonary disease (COPD)

  • Sleep apnea

  • Asthma

  • Infectious diseases

  • Other diseases


Respiratory Care Devices Market, by End-Users



  • Hospitals

  • Clinics

  • Ambulatory care

  • Home care 

  • Others


Respiratory Care Devices Market, by Region


Americas

  • North America

  • US

  • Canada

  • South America


Europe

  • Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Western Europe

  • Eastern Europe


Asia-Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific


Middle East & Africa

  • Middle East

  • Africa


Intended Audience



  • Respiratory care device manufacturers and distributors

  • Healthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)

  • Research institutes

  • Contract manufacturing organizations (CMOs)

  • Government associations

  • Market research and consulting firms

  • Venture capitalists and investors



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   10.1% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Accessories and Consumables, Application and End-users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Philips Healthcare (Netherlands), ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), and Fisher & Paykel Healthcare Corporation Limited (New Zealand), Becton, Dickinson and Company (US), Chart Industries, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland)
  Key Market Opportunities   Growing demand for point-of-care diagnostic devices in developing regions
  Key Market Drivers

  • Increasing frequency of respiratory diseases
  • Increasing geriatric population, urbanization, and its adverse effects
  • Changes in the environment and lifestyle


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    Frequently Asked Questions (FAQ) :

    The Respiratory care devices market is expected to growth at 10.1% CAGR during the forecast period (2018–2023).

    Increasing frequency of respiratory diseases, increasing geriatric population, urbanization, and its adverse effects, and changes in the environment and lifestyle boosts the growth of the Respiratory Care Devices Market.

    The lack of awareness about respiratory problems, intense competition, and the cost associated with the device and the respiratory surgery restraints of Respiratory Care Devices Market.

    The major key players of global respiratory care devices market are Philips Healthcare (Netherlands), ResMed, Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), and Fisher & Paykel Healthcare Corporation Limited (New Zealand), Becton, Dickinson and Company (US), Chart Industries, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), and Hamilton Medical AG (Switzerland).