Overview

Respiratory Care Devices Market is estimated to value over USD 36.7 billion and register a CAGR value of over 9.5% from the forecast period 2022 to 2028.

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Respiratory care devices are used to diagnose, monitor, and treat respiratory disorders as COPD, asthma, tuberculosis, and pneumonia. Patients suffering from acute and chronic respiratory illnesses benefit from respiratory care devices. Patients with cardiopulmonary devices are treated, assessed, diagnosed, and cared for using respiratory care devices. Patients with cardiopulmonary devices are treated, assessed, diagnosed, and cared for using respiratory care devices. Lung disorders such as chronic bronchitis, TB, acute and chronic pulmonary diseases, asthma, and others are treated with respiratory care devices. The function of the lungs begins to deteriorate as people age, and the respiratory system undergoes a variety of physiological, functional, and immunological changes as a result. The rise in chronic pulmonary disorders, asthma, and other respiratory ailments is driving the market for respiratory care equipment. These gadgets, which have evolved from stationary to portable, can be employed in hospitals and in-home care settings. The respiratory care devices market is expected to increase due to factors such as the rising prevalence of respiratory disorders, the growing geriatric population, urbanisation and its negative consequences, and changes in the environment and lifestyle. The rising need for point-of-care diagnostic equipment in developing countries is expected to open up new prospects for respiratory care devices manufacturers. The rise of respiratory care devices market is hampered by a lack of awareness about respiratory disorders, severe competition, and the costs connected with the device and respiratory surgery.

Patients with impaired respiratory functions are supplied with breathing gas mechanically through respiratory devices. With assisted respiration, an overpressure supports the natural breathing effort. In modern respiratory devices, the inhalations and exhalations are automatically adjusted. As emergency respiratory devices, long-term respiratory devices, and mobile home respiratory devices, respiratory devices can be adapted for a number of needs. When controlling (triggering) high-quality respiratory devices, early detection of the patient's inhalation phase is an important element. This is the only way the device can minimize the patient's respiratory effort. Today, the spontaneous breathing effort of the patient and the whole respiratory activity are usually monitored by a highly sensitive thermal mass flow sensor or another highly dynamic differential pressure sensor.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Respiratory Care Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share, and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Respiratory Care Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Impact of COVID-19 on Respiratory Care Devices Market:

There has been a surge in the demand of respiratory devices like the ventilators which shall propel the market growth. Furthermore, the governments are swiftly taking steps in making important alliances with ventilator manufacturers to tackle the threat of novel coronavirus. In the U.K., the administration has requested automobile manufacturers such as Honda, Rolls Royce and Ford to develop respiratory equipment on the lineup that produces HVAC systems for cars. The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) are making an agreement with the manufacturers to make sure that these manufacturers follow the regulations and norms required to manufacture a respiratory device.

Major players included in the Respiratory Care Devices Market:
• Medtronic
• Philips Healthcare
• ResMed Inc
• Fisher & Paykel Healthcare Co. Ltd
• Masimo Corp
• Getinge AB
• Dragerwerk AG
• Air Liquide
• Vyaire Medical
• Invacare Corp
• Chart Industries Inc

Respiratory Care Devices Market Segmentation:

By Product
• Therapeutic Devices
o PAP Devices
o Ventilators
o Nebulizers
o Humidifiers
o Oxygen Concentrators
o Inhalers
o Reusable Resuscitators
o Nitric Oxide Delivery Units
o Oxygen Hoods
• Monitoring Devices
o Pulse Oximeters
o Capnographs
o Gas Analyzers
• Diagnostic Devices
o Spirometers
o Polysomnography Devices
o Peak Flow Meters
o Other Diagnostic Devices
• Consumables and Accessories
o Masks
o Reusable Masks
o Nasal Masks
o Full-face Masks
o Nasal pillow masks
o Oral Masks
o Disposable Mask
o Disposable Resuscitators
o Tracheostomy Tubes
o Nasal Cannulas
o Other Consumables and Accessories

By Indication
• Chronic Obstructive Pulmonary Disease (COPD)
• Asthma
• Sleep Apnea
• Infectious Disease
• Other diseases

By End-User
• Hospitals
• Home Care Settings
• Ambulatory Care Centers

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Respiratory Care Devices Market Video Sample:

Competitive Landscape:

Product launches, mergers, and acquisitions had a positive influence on the market. Fisher Paykel in 2019 launched a new product F&P Optiflow 3S, a Nasal Cannula in a bid to bolster its position in the market
Philips launched its first sleep and respiratory education center in Singapore in 2018
ResMed in 2019, acquired HB Healthcare Safety. The move bolstered the supply of respiratory care devices and home-based medical equipment for sleep

FutureWise Key Takeaways:

Monitoring devices are expected to propel the market during the forecast period. The availability of pulse oximetry in the form of innovative products like bluetooth enabled and fingertip pulse oximeters is expected to accelerate the market growt
Technological advancements in the form of E-Nose and enhanced portable respiratory devices will play a major role in strengthening the market during the forecast period

Objectives of the Study:

To provide with an exhaustive analysis on the global respiratory care devices market by product, by indication, by end-user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financial and core competencies

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