The Global Respiratory Care Devices Market Report is a compilation of comprehensive research studies of various aspects of the Respiratory Care Devices Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Respiratory Care Devices market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Respiratory Care Devices market and how they will evolve in the years to come.
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In terms of revenue, global respiratory care devices market was valued at US$ 15527.49 Mn in 2022 and is anticipated to grow at a CAGR of 12.25% over the forecast period. Key Players: 3M, Air LiquideMedical Systems, Allied Healthcare Products, Inc., APEX MEDICAL CORP., BD (CareFusion), Drägerwerk AG & Co. KGaA, Drive DeVilbiss International, Fisher & Paykel Healthcare Limited, GENERAL ELECTRIC COMPANY, Getinge AB, Hamilton Medical, Invacare Corporation, Koninklijke Philips N.V., Masimo, McKesson Medical-Surgical Inc., Medtronic, Nihon Kohden Corporation, Nonin, Omron Healthcare, Inc., ResMed, Salter Labs, Smiths Group plc., Sunset Healthcare Solutions Inc, Teleflex Incorporated, VYAIRE MEDICAL, INC., amongst others.
Respiratory illnesses have been plaguing the lives of individuals since time immemorial. Diseases such as asthma and chronic obstructive pulmonary disease (COPD) are on the rise off late. Decline in air quality as a result of vehicular and industrial pollution, coupled with the increase in smoking is leading to the growth of these illnesses. In the U.S. alone, smoking claims the lives of about 480,000 deaths each year. Respiratory care devices help in bettering the lives of individuals through efficient monitoring of oxygen levels, and faster diagnosis of diseases. The added focus on home-based healthcare, coupled with the advancement in medical technology that is increasing the portability of these devices is leading to the growth of the global respiratory care devices market.
The COVID-19 pandemic has severely hampered normal lives across the globe. Currently, over 64.2 million individuals have been infected by coronavirus worldwide, based on governmental sources. Also, the virus has claimed the lives of over 1.49 million individuals. Shortness of breath, which is known as dyspnea in medical terminology, is commonly associated with the SARS-CoV-2, which is responsible for causing COVID-19. Individuals affected by the virus have reported shortness of breath, and many have been left gasping for air in more advanced cases. Based on United States’ Centers for Disease Control and Prevention (CDC) authority, around 31% to 40% patients who were tested positive for the virus experienced severe shortness of breath. This condition occurs because the COVID-19 virus is responsible for disrupting normal oxygen transfer in the human body. The battle between the immune system, which is helped by the white blood cells, and the virus leads to the formation of pus. Pus consists of excess fluid and dead cells, which blocks the respiratory tract, thereby leading to coughing and shortage of breath.
To relieve the breathing troubles in COVID-19 positive patients, ventilators are being used in healthcare facilities. Ventilators help in making the lungs function normally, and government bodies are increasingly trying to procure more ventilators to deal with the surge in COVID-19 cases in countries like the U.S., Brazil, etc. Globally, studies show that around an additional 880,000 ventilators would be required to cater to the needs of COVID-19 patients. Among these, the U.S. alone requires about 75,000 ventilators. Ventilator manufacturers are increasingly ramping up production to meet the growing demand for both invasive and non-invasive ventilators. Furthermore, there is also a higher demand for protective masks to keep the virus at bay. Government bodies are increasingly encouraging individuals to use a respiratory mask to prevent the transfer of fluids while speaking and breathing. In India, for instance, several states are imposing fines on individuals who are refusing to wear masks in public. Scientists from India stated that N-95 masks are the most effective for combating the COVID-19 pandemic. The surge in demand for respiratory care equipment such as ventilators during the pandemic is helping in the rapid growth of the global respiratory care devices market.
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Global Respiratory Care Devices Market:
- By Offering
- Products
- Therapeutic Devices
- Positive Airway Pressure (PAP) Devices
- Continuous Positive Airway Pressure (CPAP)
- Bi-level Positive Airway Pressure (BiPAP)
- Automatic Positive Airway Pressure (APAP)
- Ventilators
- Invasive
- Non-invasive
- Nebulizers
- Humidifiers
- Oxygen Concentrators
- Inhalers
- Reusable Resuscitators
- Positive Airway Pressure (PAP) Devices
- Others
- Monitoring Devices
- Pulse Oximeters
- Capnographs
- Gas Analyzers
- Diagnostic Devices
- Spirometers
- Polysomnography (PSG) Devices
- Peak Flow Meters
- Others
- Consumables and Accessories
- Masks
- Disposable
- Reusable
- Tubes
- Breathing Circuits
- Resuscitator
- Others
- Therapeutic Devices
- Services
- Products
- By Type
- Portable
- Non-Portable
- By End-Users
- Hospitals and Clinics
- Research Labs
- Elderly Care Centers
- Home-Care
- Others
- By Health Condition
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Infectious Diseases
- Sleep Apnea
- Others
- By Sales Channel
- Online
- Company Website
- Third-party Websites
- Offline
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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