Global Respiratory Care Device Market

Global Respiratory Care Device Market- By Product [Therapeutic (PAP Devices, Inhalers, Ventilators, Mask, & Nebulizers), Monitoring (Pulse Oximeters), Diagnostics (Spirometers, PSG Devices, and Peak Flow Meters), and Consumables & Accessories (Disposable Resuscitators, Tracheostomy Tubes, Nasal Cannulas, & Disposable Masks)], By End User (Hospitals and Homecare Settings) and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Global Respiratory Care Device Market Overview:

Respiratory care devices used to diagnose acute and chronic diseases such as asthma, bronchitis, and other severe respiratory diseases. Respiratory care devices used for treating conditions such as chronic obstructive pulmonary disease (COPD), also focused on the care of patients with an abnormality in breathing. With technology advancement, the cableless exhalation device has a built-in temperature probe and an electrical connection. Respiratory devices save extra work and reprocessing. Also, this eliminates the cold junction between the heated breathing gas and the ambient temperature and significantly reduces condensation in the breathing circuit.

Global Respiratory Care Device Market Insights

The global respiratory care devices market expected to propel the market growth at an enormous CAGR in the forecast period from 2020-2027. The growth factors of this market include the high incidence of respiratory diseases, the rapid growth of the aging population, the higher smoking rate, the rising level of urbanization and pollution, the increase in the incidence of preterm births, and changes in people’s lifestyles.

Moreover, emerging aging population and high risk of respiratory diseases, rise in market value for portable devices, and increasing cases of Chronic Obtrusive Pulmonary Disease (COPD) is driving demand for respiratory care devices.

In addition to it, growing demand for enhanced portable devices, increasing demand for multi-mode ventilators, and market participants working on expanding their regional market share. However, the lack of awareness of respiratory diseases has led to the emergence of a large number of underdiagnosed or undertreated patients, and the potential for specific respiratory care equipment to adversely affect newborns, which are the main challenges facing this market.

Furthermore, with rising urbanization, trees have been cut for the development of infrastructure, roads, and buildings, which ultimately increases the pollution level. Therefore, respiratory diseases started rising in number, and various chronic diseases have also fueled the demand for global respiratory care devices. Also, the changing lifestyle of people has affected their lives, and with the emerging geriatric population, respiratory diseases are common among them. Thus, home care therapeutic and point-of-care diagnostics are propelling the demand for global respiratory care devices.

Growth Driver

Increasing pollution

The respiratory diseases majorly occur due to breathing difficulty cause to the person breathing polluted air or dust around them. Moreover, with the rising geriatric population, the chances of having respiratory diseases are very high. Therefore, respiratory care devices are highly in demand in the market.

Portable devices

The advancement of technology in the healthcare sector has improved the health facilities of the people. The portable respiratory devices such as inhalers, nebulizers, and other highly advanced products have allowed the users to cure the diseases at the right time without visiting hospitals. Thus, cost-effectiveness, portability of the devices has propelled the market share of the respiratory care devices in the market.

By Product Segmental Analysis

Based on product, the global respiratory care device market is segmented in the product only, and further classified into Therapeutic, Monitoring, and Consumables & Accessories. Therapeutic equipment accounted for the largest market share in the global respiratory care device market, mainly due to the rising cases of chronic diseases and the increase in the number of older people. Moreover, pulse oximetry devices have dominated the demand of the respiratory care device as it is essential for the diagnosis and treatment of patients with diseases. This kind of measurement method is reliable and straightforward, and it is a non-invasive examination. With the development of technology science, pulse oximetry has become a low-cost, conventional inspection method. With the help of pulse oximetry, the status of a person’s blood oxygen saturation can reflect some situations during physical activity, which is very characteristic and reference significance. It helps doctors understand the physical condition of the subject and the effect of treatment.

By End-users Segmental Analysis

Based on the end-users, the global respiratory care device market bifurcated into Hospitals, home care settings. Hospitals have the largest market share in the global respiratory care device market. The main factors driving growth in this area include hospitals having the appropriate funding to purchase advanced and costly equipment, as well as trained professionals to operate the equipment.

By Region Segmental Analysis

Based on geography, the global respiratory care device market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America expected to witness the highest growth during the forecast period.  The rise in the elderly population, the emergence of the sound healthcare industry, the availability of life science and medical research funding, the growing demand for immediate diagnostic testing, and increased government healthcare spending have contributed to the growth of mature markets in North America. Moreover, the Asia Pacific region led the second highest market share owing to the number of older people in Asia-Pacific has risen, per capita income has increased, major market participants have increased investment in the healthcare industry. Also, increased demand for cutting-edge technology, low labor costs, a favorable regulatory environment, and the expansion of private hospitals in rural areas will drive growth in the respiratory care device market in the Asia Pacific.

Competitor Analysis

Companies such as Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, ResMed, Inc., Invacare Corporation, Chart Industries Inc., Dräger Safety AG & Co. KGaA, Becton, Dickinson and Company, Masimo Corporation, and Medtronic plc. The other players operating in the industry include 3B Medical, Inc., Medline Industries Inc., Acare Technology Co., Ltd., Allied Healthcare Inc., Hill-Rom Holdings Inc., and Rotech Healthcare Inc.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global respiratory care device manufacturing companies
  • Research organizations and consulting companies respiratory care device Regulatory bodies

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product

  • Therapeutic
    • PAP Devices
    • Inhalers
    • Ventilators
    • Mask
    • Nebulizers
  • Monitoring
    • Pulse Oximeters
  • Diagnostics
    • Spirometers
    • PSG Devices
    • Peak Flow Meters
  • Consumables & Accessories
    • Disposable Resuscitators
    • Tracheostomy Tubes
    • Nasal Cannulas
    • Disposable Masks

By End-Users

  • Hospitals
  • Home care settings

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Respiratory Care Device Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Respiratory Care Device Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Region
            • Europe
            • North America
            • Asia Pacific
            • South America
            • Middle East & Africa
  1. Europe Respiratory Care Device Market Overview
    • Europe Respiratory Care Device Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Respiratory Care Device Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Country
            • Germany
            • UK
            • France
            • Italy
            • Rest of Europe
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Europe Respiratory Care Device Market
  1. North America Respiratory Care Device Market Overview
    • North America Respiratory Care Device Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Respiratory Care Device Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Country
            • US
            • Canada
            • Mexico
          • Company Market Share (Top 3-5)
          • Economic Impact Study on North America Respiratory Care Device Market
  1. Asia Pacific Respiratory Care Device Overview
    • Asia Pacific Respiratory Care Device Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Respiratory Care Device Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Country
            • China
            • India
            • Japan
            • Australia
            • Rest of Asia Pacific
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Asia Pacific Respiratory Care Device Market
  1. South America Respiratory Care Device Market Overview
    • South America Respiratory Care Device Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • South America Respiratory Care Device Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Country
            • Brazil
            • Argentina
            • Rest of South America
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America Respiratory Care Device Market
  1. Middle East & Africa Respiratory Care Device Market Overview
    • Middle East & Africa Respiratory Care Device Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Respiratory Care Device Market Share & Forecast, 2016-2027
        • By Product
          • Therapeutic
            • PAP Devices
            • Inhalers
            • Ventilators
            • Mask
            • Nebulizers
          • Monitoring
            • Pulse Oximeters
          • Diagnostics
            • Spirometers
            • PSG Devices
            • Peak Flow Meters
          • Consumables & Accessories
            • Disposable Resuscitators
            • Tracheostomy Tubes
            • Nasal Cannulas
            • Disposable Masks
          • By End-Users
            • Hospitals
            • Home care settings
          • By Country
            • Saudi Arabia
            • UAE
            • South Africa
            • Rest of Middle East & Africa
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Middle East & Africa Respiratory Care Device Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Koninklijke Philips N.V.
      • Hamilton Medical AG
      • Fisher & Paykel Healthcare Limited
      • ResMed, Inc.
      • Invacare Corporation
      • Chart Industries Inc.
      • Dräger Safety AG & Co. KGaA
      • Becton
      • Dickinson and Company
      • Masimo Corporation
      • Medtronic plc
      • 3B Medical, Inc.
      • Medline Industries Inc.
      • Acare Technology Co. Ltd.
      • Allied Healthcare Inc.
      • Hill-Rom Holdings Inc.
      • Rotech Healthcare Inc.
      • Other prominent Players