The global respiratory care devices market is anticipated to witness growth at a compounded annual growth rate of (CAGR) of 9.0% during the forecast period of 2022 to 2030.
Medical equipment known as respiratory care devices is used to diagnose, treat, monitor, evaluate, control, and care for patients who typically have cardiopulmonary disorders. By providing the lungs with enough oxygen and avoiding any obstructions in the process, these devices primarily carry out diagnostic, monitoring, and therapeutic tasks and help to ensure an unhindered breathing process.
Positive airway pressure (PAP) devices, inhalers, nebulizers, spirometers, humidifiers, etc. are some of the most popular respiratory care tools used and accessible worldwide.
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GROWTH DRIVERS:
Additionally, a significant reason driving up demand for and acceptance of respiratory care equipment is the growing elderly population and rising rate of preterm births globally. Older adults and preterm infants need breathing support systems and equipment to breathe and to prevent numerous respiratory illnesses, including neonatal respiratory distress syndrome (RDS), because they have weakened immune systems. This invariably raises the demand for and use of respiratory care equipment, which in turn fuels the expansion of the market for these products as a whole.
Additionally, the respiratory care equipment market has seen a huge increase in the number of technological developments in recent years. The creation and introduction of new and novel fingertip and bluetooth-enabled pulse oximeters, E-Nose, and better portable respiratory equipment are a few noteworthy breakthroughs. During the projected period, the introduction of these devices is anticipated to create sizable growth potential for the market for respiratory care devices worldwide.
Additionally, other elements like the rising demand for and adoption of home healthcare devices due to their user-friendliness, the expanding use of non-invasive ventilation, the expanding development of miniature devices, the emergence of infectious diseases that affect people’s respiratory systems, and the changing lifestyles of people are anticipated to further create tremendous growth opportunities for the global market for respiratory care devices in the future.
RESPIRATORY CARE DEVICES MARKET SEGMENTATION:
By Product:
· Therapeutic Respiratory Care Devices
o Positive Airway Pressure (PAP) Devices
§ CPAP Devices
§ APAP Devices
§ BiPAP Devices
o Oxygen concentrator
§ Fixed Oxygen Concentrators
§ Portable Oxygen Concentrators
o Ventilators
§ ICU Ventilators
· High-end ICU Ventilators
· Mid-end ICU Ventilators
· Basic ICU Ventilators
§ Portable/Transportable Ventilators
o Inhalers
§ Metered Dose Inhalers
§ Dry Powder Inhalers
o Nebulizers
o Humidifiers
§ Heated Humidifiers
§ Passover Humidifiers
o Reusable Resuscitators
§ Adult Resuscitators
§ Infant/Neonatal Resuscitators
o Nitric Oxide Delivery Units
o Oxygen Hoods
· Respiratory Care Monitoring Devices
o Pulse Oximeters
§ Pulse Oximeter Equipment
§ Pulse Oximeter Sensors
o Capnography
o Gas Analyzers
· Diagnostic Respiratory Care Devices
o Spirometers
o Polysomnography Devices
o Peak Flow Meters
o Other Diagnostic Devices
· Consumables and Accessories
o Masks
§ Reusable Masks
§ Disposable Masks
o Disposable Resuscitators
o Tracheostomy Tubes
o Breathing Circuits
o Nasal Cannulae
o Other Consumables and Accessories
By Disease Indications:
· COPD
· Sleep Apnea
· Asthma
· Infectious Diseases
· Others
By End User:
· Hospitals
· Home Care
· Ambulatory Care Centers
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
KEY COMPANIES IN RESPIRATORY CARE DEVICES MARKET:
· Masimo Corporation
· Fisher & Paykel Healthcare Co. Ltd.
· Dragerwerk AG
· Invacare Corporation
· Nihon Kohden
· Getinge AB
· Air Liquide
· Philips Healthcare
· ResMed Inc.
· Medtronic plc.
· Vyaire Medical
· Chart Industries Inc.
· Other Players
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