Therapeutic Respiratory Devices Market size was valued at USD 18.5 Bn in 2022 and the total Therapeutic Respiratory Devices revenue is expected to grow by 6.10 % from 2023 to 2029, reaching nearly USD 28.0 Bn.
Therapeutic Respiratory Devices Market Overview
The report covers the Therapeutic Respiratory Devices Market’s most recent revenue and Market trends. It provides a Market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Therapeutic Respiratory Devices Market, such as gross margin, cost, Market share, capacity utilization, and supply. It also aids in determining the future potential of the Therapeutic Respiratory Devices Market in the next few years during the forecast period. The report provides a Market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the Market and comprehending the industry’s backdrop.
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Therapeutic Respiratory Devices Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Therapeutic Respiratory Devices Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the Market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Therapeutic Respiratory Devices Market research report. For the competitive analysis, the report includes the profile of the key Market players in the Therapeutic Respiratory Devices Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
Therapeutic Respiratory Devices Market Segmentation
by Product :
• Positive Airway Pressure (PAP) Devices
• Ventilators
• Inhalers
• Humidifiers
• Oxygen Concentrators
• Others
Positive airway pressure (PAP) devices, oxygen concentrators, ventilators, inhalers, nebulizers, and humidifiers are some of the product segments in the therapeutic respiratory devices market. The nebulizers sector dominated the market in 2022 and is likely to increase significantly, with a compound annual growth rate (CAGR) of more than 9% estimated from 2022 to 2030. This increase can be attributed to a variety of factors, including the rising prevalence of chronic obstructive pulmonary disease (COPD) among the senior population and the introduction of sophisticated nebulizers with multifunctionality and suitability for daily use.
Nebulizers have grown in popularity due to their efficiency in relieving shortness of breath caused by illnesses such as asthma and chronic bronchitis. These devices provide excellent performance.
by Technology :
• Electrostatic filtration
• HEPA filter technology
• Hollow fiber filtration
• Microsphere Separation
by Application :
• Chronic Obstructive Pulmonary Disease (COPD)
• Asthma
• Bronchitis
• Sleep Apnea
• Other Diseases
According to the Application
Based on technology, the therapeutic respiratory devices market is divided into Electrostatic Filtration, HEPA (High-Efficiency Particulate Air) Filter Technology, Microsphere Separation, and Hollow Fibre Filtration. In 2022, the HEPA filter segment led the market with a revenue share of more than 35.0%. For particle removal and retention, HEPA filters are commonly utilised in a variety of therapeutic respiratory equipment. These filters are intended to meet the Centres for Disease Control and Prevention’s (CDC) air filtering criteria for therapeutic equipment. The prevalence of respiratory illnesses, as well as the necessity to prevent their spread, has raised demand for treatment devices that use HEPA filtration technology.
by Filter:
• Nebulizer Filters
• Humidifier Filters
• Positive Airway Pressure (PAP) Device Filters
• Oxygen Concentrator Filters
• Ventilator Filters
According to the Filter
Nebulizer Filters, Humidifier Filters, Positive Airway Pressure (PAP) Device Filters, Oxygen Concentrator Filters, and Ventilator Filters comprise the therapeutic respiratory equipment industry. In 2022, the Humidifier Filters segment dominated the market. The rising demand for humidifiers for various medicinal purposes is driving the humidifier filter market forward. Humidifier filters are required in families, healthcare institutions, hospitals, and schools to prevent the growth of fungus and germs in the circulating air. The rise in airborne infections such as tuberculosis (TB) increases demand for humidifiers and associated filters. The growing awareness of illnesses such as sinusitis, asthma, and allergies increases demand for humidifier equipment, driving the market for humidifier filters.
by End User :
• Hospitals
• Homecare Settings
• Emergency Health Services
• Others
The therapeutic respiratory equipment market is divided into three segments: hospitals, emergency rooms, and homecare settings. In 2022, the emergency centres segment will dominate the market. This expansion can be ascribed to a variety of sources. For starters, emergency rooms are noted for their patient-centered treatment approaches, in which patients with respiratory difficulties receive rapid and specialised care. These facilities are outfitted with modern diagnostic modules that enable for an accurate and timely examination of respiratory disorders. This allows healthcare workers to intervene more quickly and enhance patient outcomes. The ease of access to emergency rooms is driving patients to these institutions for respiratory problems diagnosis. Emergency rooms are strategically positioned and easily accessible to patients in the event of an emergency or urgent medical need. Professional medical practitioners are readily available.
TOC
- Global Therapeutic Respiratory Devices Market: Research Methodology
- Global Therapeutic Respiratory Devices Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Therapeutic Respiratory Devices Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Therapeutic Respiratory Devices Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Therapeutic Respiratory Devices Market Segmentation
- Global Therapeutic Respiratory Devices Market, by Product (2021-2029)
- Global Therapeutic Respiratory Devices Market, by Technology (2021-2029)
- Global Therapeutic Respiratory Devices Market, by Application (2021-2029)
- Global Therapeutic Respiratory Devices Market, by Filter (2021-2029)
- Global Therapeutic Respiratory Devices Market, by End User (2021-2029)
- Regional Therapeutic Respiratory Devices Market(2021-2029)
- Regional Therapeutic Respiratory Devices Market, by Product(2021-2029)
- Regional Therapeutic Respiratory Devices Market, by Technology(2021-2029)
- Regional Therapeutic Respiratory Devices Market, by Application (2021-2029)
- Regional Therapeutic Respiratory Devices Market, by Filter (2021-2029)
- Regional Therapeutic Respiratory Devices Market, by End User (2021-2029)
- Regional Therapeutic Respiratory Devices Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Therapeutic Respiratory Devices Market Key Players :
• Philips Healthcare – Netherlands
• ResMed Inc. – United States
• Medtronic plc – Ireland
• Fisher & Paykel Healthcare Limited – New Zealand
• Drive DeVilbiss Healthcare – United States
• Invacare Corporation – United States
• GE Healthcare – United States
• Hamilton Medical AG – Switzerland
• Smiths Medical – United Kingdom
• Vyaire Medical – United States
• Drägerwerk AG & Co. KGaA – Germany
• Getinge AB – Sweden
• Chart Industries, Inc. – United States
• Masimo Corporation – United States
• Inogen, Inc. – United States
• Air Liquide Medical Systems – France
• Teleflex Incorporated – United States
• Hill-Rom Holdings, Inc. – United States
• Ventec Life Systems – United States
• Allied Healthcare Products, Inc. – United States
• Precision Medical, Inc. – United States
• Nihon Kohden Corporation – Japan
• Becton, Dickinson and Company – United States
• ZOLL Medical Corporation – United States
• DeVilbiss Healthcare LLC – United State,
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Regional Analysis
Therapeutic Respiratory Devices Region dominated the Therapeutic Respiratory Devices Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Therapeutic Respiratory Devices Market growth in the region. The Therapeutic Respiratory Devices Market report includes a geographic condition of the Market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Market Report are:
- What is Therapeutic Respiratory Devices Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Therapeutic Respiratory Devices Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Therapeutic Respiratory Devices
- Landscape- Leading key players and other prominent key players.
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