According to FutureWise analysis the market for respiratory care devices in 2023 was US$ 21.8 billion, and is expected to reach US$ 40.41 billion by 2031 at a CAGR of 8.00%.
Respiratory care devices are used to diagnose, monitor, and treat respiratory disorders as COPD, asthma, tuberculosis, and pneumonia. Patients suffering from acute and chronic respiratory illnesses benefit from respiratory care devices. Patients with cardiopulmonary devices are treated, assessed, diagnosed, and cared for using respiratory care devices. Patients with cardiopulmonary devices are treated, assessed, diagnosed, and cared for using respiratory care devices. Lung disorders such as chronic bronchitis, TB, acute and chronic pulmonary diseases, asthma, and others are treated with respiratory care devices. The function of the lungs begins to deteriorate as people age, and the respiratory system undergoes a variety of physiological, functional, and immunological changes as a result. The rise in chronic pulmonary disorders, asthma, and other respiratory ailments is driving the market for respiratory care equipment. These gadgets, which have evolved from stationary to portable, can be employed in hospitals and in-home care settings. The respiratory care devices market is expected to increase due to factors such as the rising prevalence of respiratory disorders, the growing geriatric population, urbanisation and its negative consequences, and changes in the environment and lifestyle. The rising need for point-of-care diagnostic equipment in developing countries is expected to open up new prospects for respiratory care devices manufacturers. The rise of respiratory care devices market is hampered by a lack of awareness about respiratory disorders, severe competition, and the costs connected with the device and respiratory surgery.
According to the research study conducted by FutureWise research analysts, the Respiratory Care Devices Market is anticipated to attain substantial growth by the end of the forecast period.
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Respiratory Care Devices Market Segmentation:
By Product
- Therapeutic Devices
- PAP Devices
- Ventilators
- Nebulizers
- Humidifiers
- Oxygen Concentrators
- Inhalers
- Reusable Resuscitators
- Nitric Oxide Delivery Units
- Oxygen Hoods
- Monitoring Devices
- Pulse Oximeters
- Capnographs
- Gas Analyzers
- Diagnostic Devices
- Spirometers
- Polysomnography Devices
- Peak Flow Meters
- Other Diagnostic Devices
- Consumables and Accessories
- Masks
- Reusable Masks
- Nasal Masks
- Full-face Masks
- Nasal pillow masks
- Oral Masks
- Disposable Mask
- Disposable Resuscitators
- Tracheostomy Tubes
- Nasal Cannulas
- Other Consumables and Accessories
By Indication
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Sleep Apnea
- Infectious Disease
- Other diseases
By End-User
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Competitive Landscape in Respiratory Care Devices Market:
- Medtronic
- Philips Healthcare
- ResMed Inc
- Fisher and Paykel Healthcare Co. Ltd
- Masimo Corp
- Getinge AB
- Dragerwerk AG
- Air Liquide
- Vyaire Medical
- Invacare Corp
- Chart Industries Inc
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Respiratory Care Devices Market By Product, By Indication, By End-User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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