According to FutureWise analysis the market for respiratory care devices in 2023 was US$ 21.8 billion, and is expected to reach US$ 40.41 billion by 2031 at a CAGR of 8.00%.
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.
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.
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Respiratory Care Devices Market Segmentation:
By Product
Therapeutic Devices
PAP Devices
Ventilators
Nebulizers
Humidifiers
Oxygen Concentrators
Inhalers
Reusable Resuscitators
Nitric Oxide Delivery Units
Oxygen Hoods
Monitoring Devices
Pulse Oximeters
Capnographs
Gas Analyzers
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 Mask
Disposable Resuscitators
Tracheostomy Tubes
Nasal Cannulas
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 and Africa
Competitive Landscape in Respiratory Care Devices Market:
Medtronic
Philips Healthcare
ResMed Inc
Fisher and Paykel Healthcare Co. Ltd
Masimo Corp
Getinge AB
Dragerwerk AG
Air Liquide
Vyaire Medical
Invacare Corp
Chart Industries Inc
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**Objectives of this Study: **
To provide a comprehensive analysis of the Respiratory Care Devices Market By Product, By Indication, By End-User and By Region.
To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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