Respiratory Device Accessories Devices Market Research Report — Global Forecast till 2032

Respiratory Device Accessories Devices Market Research Report: Information By Type (Breathing Circuit, Filter, Mask, and Humidification Consumables), By Application (Hospital, Household, and Clinic) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/MED/14589-HCR | 128 Pages | Author: Rahul Gotadki | March 2024         

Global Respiratory Device Accessories Devices Market Overview


Respiratory Device Accessories Devices Market Size was valued at USD 0.71 Billion in 2022. The Respiratory Device Accessories Devices market industry is projected to grow from USD 0.8 Billion in 2023 to USD 1.45 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The increased occurrence of respiratory ailments such respiratory infections, sleep apnea, asthma, and chronic obstructive pulmonary disease (COPD) are the key market drivers boosting the expansion of the market.


Respiratory Device Accessories Devices Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Respiratory Device Accessories Devices Market Trends



  • Growing advances in technology is driving the market growth


Market CAGR for respiratory device accessories devices is being driven by the advances in technology. A respiratory care device is a piece of medical equipment that is used to diagnose, treat, monitor, control, and evaluate patients with cardiopulmonary problems. These are used to treat many acute and chronic respiratory conditions, as well as degenerative lung diseases as emphysema, asthma, and chronic bronchitis.


Additionally, Continuous developments in respiratory device technology, such as enhanced oxygen delivery systems, portable nebulizers, and sophisticated CPAP/BiPAP accessories, improve patient comfort and treatment efficacy and propel market expansion. The need for respiratory devices and the accessories that go along with them is driven by the increased prevalence of respiratory diseases such sleep apnea, asthma, chronic obstructive pulmonary disease (COPD), and respiratory infections. Worldwide, as the population ages, respiratory problems become more common. The demand for respiratory equipment and related accessories is increased by the aged population's increased vulnerability to illnesses such as sleep apnea and COPD.


The incidence of respiratory diseases is influenced by variables such as rising pollution levels, smoking patterns, and environmental circumstances, which raises the need for tools and accessories for treating these ailments. One of the main causes of respiratory ailments, including increased rates of COPD and lung-related problems, is smoking. Toxins and hazardous particles are released into the air by pollution, both indoor and outdoor, which makes those who are exposed more susceptible to respiratory problems. Pre-existing respiratory problems are made worse by smoking and pollutants. Acute exacerbations of chronic illnesses are common in patients affected by these factors, making access to breathing equipment and their accessories urgently necessary for symptom alleviation and treatment.


For instance, Asthma claimed the lives of 0.5 million people in 2019 and affected around 262 million people worldwide, according to the WHO. Morbidity and mortality in asthma remain significant problems, and no medication can bring the disease back to baseline. ly, there will likely be an increase of 100 million asthmatic sufferers by 2025. One in twelve Americans suffer with asthma, and over ten million adults over 45 in Europe suffer from the illness. Up to 1,000 individuals are thought to pass away from asthma every day. Thus, result in driving the Respiratory Device Accessories Devices market revenue.


Respiratory Device Accessories Devices Market Segment Insights


Respiratory Device Accessories Devices Type Insights


The  Respiratory Device Accessories Devices market segmentation, based on type includes Breathing Circuit, Filter, Mask, and Humidification Consumables. The humidification consumables segment dominated the market. The term "humidity consumables" describes the relative humidity of the inside and outdoor air. Through the release of steam or water vapor, humidifiers give moisture to the air inside your home, preventing dryness that can irritate many different regions of your body.


Respiratory Device Accessories Devices Application Insights


The  Respiratory Device Accessories Devices market segmentation, based on Application, includes Hospital, Household, and Clinic. The household category generated the most income, because they are more patient-friendly. One of the main markets for breathing devices for home care is sleep apnea therapies. The key driver of this market segment's growth is the increasing usage of positive airway pressure devices for sleep apnea therapy.


Figure1: Respiratory Device Accessories Devices Market, by Application, 2022&2032(USD Billion)


Respiratory Device Accessories Devices Market, by Application, 2022&2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Respiratory Device Accessories Devices Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Respiratory Device Accessories Devices market area will dominate this market. Respiratory disorders, such as sleep apnea, asthma, and chronic obstructive pulmonary disease (COPD), are highly prevalent in North America. The need for respiratory devices and related accessories in the area is driven by the high rate of disease.


Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.


Figure2:  RESPIRATORY DEVICE ACCESSORIES DEVICES MARKET SHARE BY REGION 2022 (USD Billion)


RESPIRATORY DEVICE ACCESSORIES DEVICES MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Respiratory Device Accessories Devices market has the second-largest portion of the market. As these illnesses become more common, there is a growing need for breathing devices and related accessories. Further, the German Respiratory Device Accessories Devices market had the biggest market share, and the UK Respiratory Device Accessories Devices market was the European market with the quickest rate of growth.


The Asia-Pacific Respiratory Device Accessories Devices Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is because the developing country's pollution levels have increased. Moreover, China’s Respiratory Device Accessories Devices market had the biggest market share, and the Indian Respiratory Device Accessories Devices market was the Asia-Pacific region's fastest-growing market.


Respiratory Device Accessories Devices Key Market Players& Competitive Insights


Leading market players are putting a lot of money on R&D to broaden the range of their goods, which will promote further growth in the market for respiratory device accessories. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Respiratory Device Accessories Devices industry must provide reasonably priced goods.


Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the  Respiratory Device Accessories Devices industry to help customers and expand the market segment. In recent years, the Respiratory Device Accessories Devices industry has provided some of the biggest benefits to medicine. Major players in the Respiratory Device Accessories Devices market, including Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, Medtronic, and others, are engaging in research and development activities in an effort to boost market demand.


Fisher & Paykel Healthcare is an organization that specializes in creating and producing medical systems and devices for use in surgery, acute care, and respiratory treatment. Worldwide, the corporation sells its products in more than 120 countries. With a market share of more than 10%, Fisher & Paykel Healthcare is one of the major competitors in the worldwide respiratory care devices industry. Nasal high flow therapy, surgical humidification, and pulmonary humidifiers are among the products offered by the company. In 2019, Fisher & Paykel Healthcare declared that it and ResMed had reached a settlement in their  patent infringement lawsuit.


ResMed is at the forefront of the development and manufacturing of medical devices for the treatment of respiratory conditions such sleep apnea and chronic obstructive pulmonary disease (COPD). ly, the corporation sells its products in over 140 countries. ResMed is a  leader in the respiratory care equipment market, holding a market share of over 20%. Bilevel positive airway pressure (BiPAP) devices, continuous positive airway pressure (CPAP) devices, and adaptive servo-ventilation (ASV) devices are the three product categories that the company offers. ResMed declared in 2021 that it had purchased Honeywell Life Care Solutions, a provider of digital pharmaceuticals.


Key Companies in the Respiratory Device Accessories Devices market include



  • Fisher & Paykel Healthcare

  • ResMed

  • Philips Healthcare

  • Getinge

  • BD

  • Teleflex

  • Smiths Medical, Inc. (ICU Medical, Inc.)

  • Ambu A/S

  • Medtronic

  • Hamilton Medical, Dräger

  • GE Healthcare

  • Lowenstein Medical Technology

  • Armstrong Medical (Eakin Healthcare Group)

  • Yuwell

  • Mindray


Respiratory Device Accessories Devices Industry Developments


In 2019: Philips introduced a novel augmented reality concept that will allow doctors to easily operate the operating room of the future by providing them with a holographic dashboard of data that combines imaging, medical information, and devices to optimize therapy.


In 2020: Getinge momentarily raised its output of sophisticated ICU ventilators by 160%, reaching a total of 26,000 ventilators.


In 2022: BD declared that the FDA had approved their BD MAXTM Enteric Viral Panel.


Respiratory Device Accessories Devices Market Segmentation


Respiratory Device Accessories Devices Type Outlook



  • Breathing Circuit

  • Filter

  • Mask

  • Humidification Consumables


Respiratory Device Accessories Devices Application Outlook



  • Hospital

  • Household

  • Clinic


Respiratory Device Accessories Devices Regional Outlook



  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America




 

Report Scope:

Report Attribute/Metric Details
Market Size2022 USD 0.71 Billion
Market Size 2023 USD 0.8 Billion
Market Size2032 USD 1.45 Billion
Compound Annual Growth Rate (CAGR) 8.20 (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, Medtronic, Hamilton Medical, Dräger, GE Healthcare, Lowenstein Medical Technology, Armstrong Medical (Eakin Healthcare Group), Yuwell, and Mindray
Key Market Opportunities The aging population and increasing incidence of respiratory disorders are fueling the market's expansion.
Key Market Dynamics The healthcare infrastructure is growing at an exponential rate.




Frequently Asked Questions (FAQ) :

In 2022, the size of the worldwide market for respiratory device accessories was estimated to be USD 0.7 billion.

From 2023 to 2032, the market is expected to expand at a compound annual growth rate (CAGR) of 8.20%.

Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, and Medtronic are the major companies in the market.

In 2022, the category of humidification consumables led the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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