The Global Respiratory Devices Market is expected to grow at substantial growth rate during the forecast period. The global market is witnessing a high growth owing to increase in the number of long-lasting pulmonary obstructive diseased patients worldwide, increasing geriatric population, new product launches considering the respiratory devices and continuously increase in demand for home cares respiratory devices.
As per the Centres for Disease Control and Prevention (CDC), in the year 2014, ~16 million American population have reported breathing problems that can be due to cancer, heart diseases, COPD and lung diseases among others. Moreover, increasing number of geriatric population base is the major growth driver of the global respiratory devices market.
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Regional Overview of the Global Respiratory Devices Market
The Global Respiratory Devices Market was studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. As per the analysis, the North America Respiratory Devices Market is expected to dominate the global market during the forecast period. The sudden outbreak of COVID-19— an acute respiratory infection worldwide with high impact on the U.S. will boost the demand of ventilators to treat patients in the region followed by some European regions. The pandemic is likely to end in the current year, but the region will continue to dominate the respiratory devices market owing to rapid adoption of various respiratory devices to treat chronic respiratory diseases for the long-term. The regional dominance is also attributed to presence of major key players of respiratory care devices in the region, highly developed healthcare system and growing elderly population in the region. Additionally, high healthcare expenditure in the region and presence of advanced healthcare infrastructure also boost the market growth in the region.
Segmentation Overview of the Global Respiratory Devices Market
The Global Respiratory Devices Market is segmented on the basis of Product Type, Indication and End-Users. These market segments are further categorized into various sub-segments to study the market in detail.
The Product Type Segment of the Global Respiratory Devices Market
- Therapeutic Devices
- PAP Devices
- Bi-Level PAP (BPAP) Devices
- Automatic PAP (APAP) Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- Ventilators
- ICU Ventilators
- Basic ICU Ventilators
- Mid-End ICU ventilators
- High-End ICU Ventilators
- Adult Resuscitators
- Infant/Neonatal Resuscitators
- Portable/Transportable Ventilators
- Nebulizers
- Humidifiers
- Heated Humidifiers
- Passover Humidifiers
- Oxygen Concentrators
- Fixed Oxygen Concentrators
- Portable Oxygen Concentrators
- Inhalers
- Metered Dose Inhalers (MDIs)
- Dry Powder Inhalers (DPIs)
- Reusable Resuscitators
- Nitric Oxide Delivery Units
- Oxygen Hoods
- Monitoring Devices
- Pulse Oximeters
- Pulse Oximeter Sensors
- Pulse Oximeter Equipment
- Capnographs
- Gas Analysers
- Diagnostic Devices
- Spirometers
- Polysomnography Devices
- Peak Flow Meters
- Other Diagnostic Devices
- Consumables and Accessories
- Masks
- Reusable Masks
- Nasal Masks
- Full-face Masks
- Nasal pillow masks
- Oral Masks
- Disposable Resuscitators
- Breathing Circuits
- Tracheostomy Tubes
- Nasal Cannulas
- Disposable Mask
The Indication Type Segment of the Global Respiratory Devices Market is Sub-Segmented into:
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Sleep Apnea
- Infectious Disease
- Other Diseases (Idiopathic Pulmonary Fibrosis, Tuberculosis and Lung Cancer)
The End-User Segment of the Global Respiratory Devices Market is Sub-Segmented into:
- Hospitals
- Home Care Settings
- Ambulatory Care Centres
Key Players Insights
Chart Industries, Inc. (US), Vyaire Medical (US), Invacare Corporation (US), Hamilton Medical AG (Switzerland), Drägerwerk AG & Co. KGAA (Germany), Air Liquide (France), Getinge AB (Sweden), Fisher & Paykel Healthcare Co. Ltd. (New Zealand), Masimo Corporation (US), ResMed Inc. (US) and Medtronic plc (Ireland) are some major market players included in the research study of the global respiratory devices market.
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