According to IMARC Group’s latest report, titled “Respiratory Care Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited strong growth during 2015-2020. Respiratory care devices are the medical equipment that are utilized for the diagnosis, assessment, treatment, and care of patients suffering from various pulmonary diseases. They include nebulizers, inhalers, spirometers, positive airway pressure (PAP) devices, humidifiers, etc. Respiratory care devices are designed to perform diagnostic, therapeutic, and monitoring functions. They help in ensuring a smooth respiration process in patients by providing adequate amounts of oxygen to the lungs and preventing any blockages.
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The rising incidences of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, etc., are among the primary factors driving the respiratory care devices market. Moreover, the escalating number of smokers and the inflating rate of alcohol consumption are increasing the prevalence of lung cancer and several other severe respiratory conditions. This, in turn, is further catalyzing the market growth. Besides this, the elevating instances of premature births are propelling the product demand to treat newborn respiratory distress syndrome (NRDS). Additionally, the continuous development of miniature and customizable product variants is expected to fuel the respiratory care devices market over the forecasted period. Looking forward, IMARC Group expects the global respiratory care devices market to grow at a CAGR of around 11% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Philips Healthcare
- ResMed
- Chart Industries Inc.
- Hamilton Medical
- Medtronic, Masimo
- Drägerwerk
- Invacare Corporation
- Allied Healthcare Products Inc
- 3B Medical Inc.
- Air Liquide
- Fisher & Paykel Healthcare
- GE Healthcare
- Vyaire Medical Inc.
- Rotech Healthcare Inc.
Breakup by Product:
- Therapeutic Devices
- Positive Airway Pressure (PAP) Devices
- Ventilators
- Nebulizers
- Humidifiers
- Inhalers
- Other
- Monitoring Devices
- Pulse Oximeters
- Gas Analyzers
- Others
- Diagnostic Devices
- Spirometers
- Polysomnography Devices
- Peak Flow Meters
- Others
- Consumables and Accessories
- Masks
- Disposable Resuscitators
- Breathing Circuits
- Tracheostomy Tubes
- Nasal Cannulas
- Others
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Sleep Apnea
- Infectious Disease
- Others
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
- Others
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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