Home > > Medical Devices > > Respiratory Care Devices Market Size, Share, Trends, Analysis Forecast 2031
Id: CBI_1688 | Pages: 315 | Format : PDF | Published : | Author : Amit Sati | Category : Medical Devices
Global respiratory care devices market size is estimated to reach over USD 39,379.63 Million by 2031 from a value of USD 23,556.54 Million in 2023, growing at a CAGR of 6.8% from 2024 to 2031.
Respiratory care devices are medical devices designed to help diagnose, monitor, and treat respiratory conditions and diseases. These devices mechanically control or help patients to breathe while delivering a fixed amount of oxygen. These devices support patients with breathing difficulties caused by chronic conditions like asthma, chronic obstructive pulmonary disease, sleep apnea, or acute illnesses such as respiratory infections or pneumonia. There are different types of respiratory care devices such as Continuous Positive Airway Pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) devices, ventilators, nebulizers, pulse oximeters, and others. Advancements in respiratory care devices such as portable oxygen concentrators, 3D printer ventilators, smart nebulizers and more are driving the market.
Increasing cases of respiratory diseases such as chronic obstructive pulmonary disease, asthma, and others are driving the respiratory care devices market demand. Asthma is a respiratory condition in which a person's airways become inflamed, narrow, and swell and produce extra mucus, which makes it difficult to breathe. Respiratory care devices such as nebulizers, dry-powder inhalers, and others are used in the treatment of asthma.
Thus, the growing patients of with asthma is driving the respiratory care devices industry to effectively treat the condition.
Mandibular advancement devices are respiratory care devices that play a crucial role in the treatment of sleep apnea, particularly obstructive sleep apnea (OSA). Obstructive sleep apnea is a common respiratory condition in which a person’s breathing repeatedly stops and starts during sleep. CPAP devices are primarily used to provide respiratory care in Obstructive sleep apnea patients. Mandibular advancement devices are effective and non-alternative to CPAP devices providing effective respiratory care, and driving growth in the market.
Thus, mandibular advancement devices are effective in the treatment of obstructive sleep apnea further boosting the respiratory care devices market expansion.
Respiratory care devices are used for treating respiratory conditions like asthma, sleep apnea, and others. They are subject to stringent regulatory standards to ensure patient safety and efficacy. Government bodies like the European Commission classify these devices into different classes and according to that the manufacturers should adhere to rules and regulations. Respiratory care devices such as ventilators, CPAP, and others are classified into Class IIa and Class IIb depending on the degree of invasiveness and the setting in which they are used.
These rules and regulations restrict market growth by increasing the time and expense needed to bring new devices to market.
The development of smart inhalers in the management of chronic obstructive pulmonary disease opens new respiratory care device market opportunities by combining respiratory therapy with digital health solutions. Chronic obstructive pulmonary disease is a common lung disease causing restricted airflow and breathing problems. These smart inhalers give users real-time feedback and reminders to take their medicine as directed in the treatment of chronic obstructive pulmonary disease.
Thus, smart inhalers are an innovative approach in the treatment of chronic obstructive pulmonary disease accelerating the respiratory care devices market opportunities.
By product type, the respiratory care devices market is divided into CPAP and BiPAP devices, ventilators, nebulizers, and others.
Trends in the Product Type:
The CPAP and BiPAP devices accounted for the largest revenue share in the year 2023.
The nebulizers in the product type are expected to grow at the fastest CAGR over the forecast period.
By application, the respiratory care devices market is divided into chronic obstructive pulmonary disease, sleep apnea, asthma, and others.
Trends in Application:
Chronic obstructive pulmonary disease accounted for the largest revenue share of 39.75% in the year 2023.
The Asthma in the application is expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2023, North America accounted for the highest market share at 39.85% and was valued at USD 9,387.28 Million and is expected to reach USD 15,716.41 Million in 2031. In North America, the U.S. accounted for the highest market share of 67.92% during the base year of 2023. The respiratory care devices market share in North America is experiencing significant growth primarily driven by the high prevalence of respiratory diseases such as chronic obstructive pulmonary disease, asthma, sleep apnea, and others. The leading North American medical device companies like Medtronic, ResMed, Baxter, and more are continuously bringing innovation in the current respiratory care devices further fueling the market. Additionally, innovations like portable oxygen concentrators and smart-technology nebulizers are gaining traction, providing more personalized and effective respiratory care.
Thus, according to the respiratory care devices market analysis, North America is expected to dominate the global respiratory care devices market supported by the rising prevalence of respiratory diseases and technological advancements.
Asia-Pacific is expected to witness the fastest CAGR over the forecast period of 7.4 % during 2024-2031. As per the respiratory care devices market analysis, Asia-Pacific is experiencing robust respiratory care devices market growth. It is particularly driven by the rising prevalence of chronic conditions like chronic obstructive pulmonary disease, and asthma, the growing number of elderly populations, and rising pollution levels. Countries like China, India, and Japan are major contributors to the respiratory devices market share due to rising elderly populations and the high burden of these diseases. The COVID-19 pandemic also led to increased use of ventilators and oxygen therapy devices in both hospital and home care settings. Indian pharmaceutical companies like Cipla, Alkem, and more are entering into the respiratory care devices market to cater to the rising need for respiratory care.
Thus, market analysis shows that the Asia-Pacific region is expected to grow faster, capitalizing on both demand and technological advancements in the respiratory care devices market.
According to market analysis, Europe is experiencing significant respiratory care devices market growth, driven by the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease, asthma, and sleep apnea. Factors such as the aging population, rising air pollution levels, and high smoking rates contribute to the growing demand for advanced respiratory care solutions. The region has a well-established healthcare infrastructure, enabling early diagnosis and treatment of respiratory conditions. Technological advancements including portable and non-potable invasive devices, are further propelling the market proliferation. The shift towards home healthcare and remote patient monitoring, supported by favorable government policies and reimbursement frameworks, has also fueled the adoption of respiratory care devices.
The industry for respiratory care devices in the Middle East and Africa region is experiencing steady potential, primarily driven by the rising prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease, and tuberculosis. Contributing factors include increasing air pollution, smoking rates, and a growing aging population prone to respiratory conditions. However, the market expansion is somewhat constrained by limited healthcare infrastructure and economic disparities across the region. The COVID-19 pandemic significantly accelerated the need for ventilators and oxygen therapy devices, highlighting the need for improved respiratory care systems. Governments and private healthcare providers are investing in upgrading medical facilities and importing advanced respiratory care devices to meet patient needs in this region as per market analysis.
As per market analysis, the industry for respiratory care devices in Latin America is expanding due to the increasing burden of respiratory illnesses such as asthma, chronic obstructive pulmonary disease, and acute respiratory infections. The region’s aging population and rising exposure to risk factors like air pollution, smoking, and occupational hazards have heightened the demand for respiratory care solutions. While countries like Brazil, Mexico, and Argentina lead in healthcare infrastructure, many others face challenges such as limited access to advanced medical devices and uneven resource distribution. Growing awareness about respiratory health, combined with an increasing preference for home-based healthcare solutions, is also driving the market in this region.
The Global respiratory devices market includes several key players known for their significant contributions.
Partnerships and Collaborations:
Launches:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 39,379.63 Million |
CAGR (2024-2031) | 6.8 % |
By Product Type |
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By Application |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Global respiratory care devices market size is estimated to reach over USD 39,379.63 Million by 2031 from a value of USD 23,556.54 Million in 2023, growing at a CAGR of 6.8% from 2024 to 2031.
The Respiratory Care Devices Market report includes specific segmentation details for product type and application.
Asia Pacific is the fastest-growing region in the Respiratory Care Devices Market.
The key participants in the Respiratory Care Devices market are Koninklijke Philips N.V (Netherlands), Medtronic (United States), ResMed (United States), and Fisher & Paykel Healthcare Limited. (New Zealand), GE HealthCare (United States), Hill-Rom Services PTE Ltd. (United States), Baxter (United States), Drägerwerk AG & Co. KGaA (Germany), Siemens Healthcare Private Limited (Germany), Medline Industries (United States) States), EDAT TMS (France), Hologic Inc (United States), Avanos Medica Inc (United States).