The Respiratory Devices And Equipment (Therapeutic) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Respiratory Devices And Equipment (Therapeutic) Global Market Report 2024, The respiratory devices and equipment (therapeutic) market size has grown rapidly in recent years. It will grow from $19.9 billion in 2023 to $22.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to respiratory conditions prevalence, aging population, technological advancements, respiratory disease management.
The respiratory devices and equipment (therapeutic) market size is expected to see rapid growth in the next few years. It will grow to $32.61 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to chronic diseases and lifestyle factors, telehealth expansion, technological innovations, copd management. Major trends in the forecast period include digital health and remote monitoring, ventilators and life support systems, respiratory rehabilitation, telehealth integration.
The rising prevalence of respiratory diseases such as chronic obstructive pulmonary disorder (COPD) and sleep apnea contributed to the growth of the therapeutic respiratory devices and equipment market. According to World Health Organization, one million people die due to chronic obstructive pulmonary diseases caused by smoking among the 4.9 million people who die due to tobacco consumption and 65 million people suffer from moderate to severe COPD. As per its estimates, COPD is predicted to be the third leading cause of death worldwide and potentially fatal respiratory diseases. Tuberculosis, COPD, and lung cancer will account for about one in five deaths worldwide by 2030. According to National Health Interview Survey by the Centers for Disease Control and Prevention (CDC), the number of adults with diagnosed chronic bronchitis in the USA was 9.0 million. In the USA, it is estimated that 22 million Americans suffer from sleep apnea, with 80% of the cases of moderate and severe obstructive sleep apnea undiagnosed. According to a research study published on American Journal of Respiratory and Critical Care Medicine, in 2021, global prevalence of obstructive sleep apnea was found to be around 20% globally. The increased prevalence of COPD and sleep apnea in the geriatric population is driving the growth of the respiratory devices and equipment (therapeutic) market.
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The respiratory devices and equipment (therapeutic) market covered in this report is segmented –
1) By Product: Nebulizers; Humidifiers; Oxygen Concentrators; Positive Airway Pressure Devices; Ventilators; Capnographs; Gas Analyzers
2) By Technology: HEPA Filter; Electrostatic Filtration; Microsphere Separation; Hollow Fiber Filtration; Other Technologies
3) By End-User: Homecare settings; Hospitals
The respiratory devices and equipment (therapeutic) market report table of contents includes:
- Executive Summary
- Respiratory Devices And Equipment (Therapeutic) Market Characteristics
- Respiratory Devices And Equipment (Therapeutic) Market Trends And Strategies
- Respiratory Devices And Equipment (Therapeutic) Market – Macro Economic Scenario
- Global Respiratory Devices And Equipment (Therapeutic) Market Size and Growth
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- Global Respiratory Devices And Equipment (Therapeutic) Market Competitive Benchmarking
- Global Respiratory Devices And Equipment (Therapeutic) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Respiratory Devices And Equipment (Therapeutic) Market
- Respiratory Devices And Equipment (Therapeutic) Market Future Outlook and Potential Analysis
- Appendix
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