The Global Therapeutic Respiratory Devices Market to Surge at a Significant CAGR of ~9% by 2027 | DelveInsight
The therapeutic respiratory devices market is projected to grow significantly due to increasing cases of respiratory disorders like COPD and asthma, coupled with a rising geriatric population. The market is expected to achieve a CAGR of 9% from 2019 to 2027, with North America leading in revenue generation. The demand has surged post-COVID-19, prompting product innovations and regulatory approvals, such as ABM Respiratory Care’s BiWaze Clear System. However, challenges like high product launch costs and recalls may hinder growth. The report highlights key players, market dynamics, and segmentation by product and application.
- Market projected to grow at a CAGR of 9% from 2019 to 2027.
- North America expected to dominate the therapeutic respiratory devices market.
- Surge in demand post-COVID-19, leading to innovations and product approvals.
- High costs related to launching new products may restrict market expansion.
- Instances of product recalls present barriers to growth.
The therapeutic respiratory devices market is expected to grow due to factors such as the rising prevalence of respiratory disorders such as COPD and asthma. Furthermore, an increasing geriatric population and increased tobacco and cigarette use over the last decade have fueled the therapeutic respiratory devices market growth. Moreover, product advancement due to R&D activities in this sector is another factor that will result in significant revenue growth in the therapeutic respiratory devices market.
Key Takeaways from the Therapeutic Respiratory Devices Market Report
- As per DelveInsight estimates,
North America is anticipated to dominate the global therapeutic respiratory devices market during the forecast period. - Notable therapeutic respiratory devices companies such as
Breas Medical AB , Drägerwerk AG & Co. KGaA,Fisher & Paykel Healthcare Limited ,GE Healthcare , Hamilton Medical,Hill-Rom Services Inc. (Baxter), ICU Medical, Inc., Invacare Corporation, Koninklijke Philips N.V., Medtronic., ResMed, Shenzhen Mindray Bio-Medical Electronics Co., Ltd.,Vyaire Medical, Inc. ,CAIRE Inc. (NGK SPARK PLUG CO., LTD.), Lind, Chart Industrie,DeVilbiss Healthcare , and several others are currently operating in the therapeutic respiratory devices market. - In
January 2023 , ABM Respiratory Care received 510(k) clearance from theUS Food and Drug Administration for its BiWaze Clear System (FDA). The new airway clearance system uses an innovative Dual Lumen Breathing Circuit to deliver Oscillating Lung Expansion (OLE) therapy. - In
July 2022 ,Omron Healthcare announced its latest advancement in the oxygen therapy category with the launch of a portable Oxygen concentrator. It is a medical molecular sieve-based concentrator providing a continuous supply of high-purity oxygen. - In
January 2022 , aUK -based manufacturer of anesthesia equipment OES Medical launched a pioneering new mains-powered ICU ventilator to support hospitals manage oxygen demand atArab Health 2022.
To read more about the latest highlights related to the therapeutic respiratory devices market, get a snapshot of the key highlights entailed in the Global Therapeutic Respiratory Devices Market Report
Therapeutic Respiratory Devices Overview
Therapeutic respiratory devices are primarily used in therapeutics to improve pulmonary functionalities by clearing the airway, increasing lung oxygen intake capacities, and assisting with mucous removal from the bronchi during respiratory therapeutics treatment. These respiratory devices are also used to aid in treating various chronic ailments associated with respiratory dysfunction. These ailments include chronic obstructive pulmonary disease (COPD), bronchitis, sleep disorders, asthma, and other chronic diseases. Several types of these devices are available on the market, each with a slightly different application purpose, such as long-term respiratory devices used primarily for intensive care, mobile home respiratory devices used in homecare settings, and portable respiratory devices used during an emergency to provide point-of-care assistance. Because of their wide range of applications, these devices are also used to facilitate and improve respiratory function in infants during postnatal care, particularly in preterm births, post-partum complications, and associated conditions.
Therapeutic Respiratory Devices Market Insights
To know more about why
Therapeutic Respiratory Devices Market Dynamics
The rising prevalence of respiratory disorders is one of the major factors driving the therapeutic respiratory devices market. Chronic respiratory diseases affect the airways and other lung structures. Chronic obstructive pulmonary disease (COPD), asthma, occupational lung diseases, and pulmonary hypertension are among the most common. Other risk factors besides tobacco smoke include air pollution, occupational chemicals and dust, and frequent lower respiratory infections during childhood. The rise in the prevalence of respiratory diseases has increased the therapeutic respiratory device market.
Furthermore, the growing geriatric population has increased the demand for therapeutic respiratory devices, as the chances of developing COPD increase with age due to a weakened immune system. In addition, various government responses to the alarming deaths caused by respiratory disorders have increased demand for the therapeutic respiratory device market, particularly in homecare settings, as the population is aware of these initiatives.
However, certain restraints to the growth of the therapeutic respiratory devices market include the high cost of launching new products, and product recalls and failures, which will act as barriers to the therapeutic respiratory devices market growth during the forecast period.
Additionally, with the increasing severity of the COVID-19 pandemic in early 2020, the therapeutic respiratory devices market demand skyrocketed. The increased occurrence of respiratory diseases due to the pandemic's consequences increased demand for therapeutic respiratory devices. Furthermore, increased investments by the government and major players to address the ventilator shortage resulted in numerous market launches. All of these factors have a positive impact on the therapeutic respiratory devices market growth.
Get a sneak peek at the therapeutic respiratory devices market dynamics @ Therapeutic Respiratory Devices Market Dynamics Analysis
Report Metrics | Details |
Coverage | Global |
Study Period | 2019–2027 |
Base Year | 2021 |
Therapeutic Respiratory Devices Market CAGR | ~ |
Key Therapeutic Respiratory Devices Companies |
Therapeutic Respiratory Devices Market Assessment
- Therapeutic Respiratory Devices Market Segmentation
- Market Segmentation By Product: Positive Airway Pressure Devices (Continuous Positive Airway Pressure Devices, Auto-Titrating Positive Airway Pressure Devices, Bi-Level Positive Airway Pressure Devices), Oxygen Concentrators (Fixed Oxygen Concentrators, Portable Oxygen Concentrators), Ventilators (Adult Ventilators, Neonatal Ventilators), Inhalers (Metered Dose Inhaler, Dry Powder Inhaler, Soft Mist Inhaler), Nebulizers (Compressor-Based Nebulizers, Piston-Based Hand-Held Nebulizers, Ultrasonic Nebulizers), Humidifiers (Heated Humidifiers,
Passover Humidifiers, Integrated Humidifiers, Built-In Humidifiers, Standalone Humidifiers) - Market Segmentation By Application: Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, and Others
- Market Segmentation By End User: Hospital And Clinics, Home Care Settings, and Others
- Market Segmentation By Geography:
North America ,Europe ,Asia-Pacific , and Rest of World - Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Which
Table of Contents
1 | Report Introduction |
2 | Executive summary |
3 | Regulatory and Patent Analysis |
4 | Key Factors Analysis |
5 | Porter's Five Forces Analysis |
6 | COVID-19 Impact Analysis on Therapeutic Respiratory Devices Market |
7 | Therapeutic Respiratory Devices Market Layout |
8 | Global Company Share Analysis – Key 3-5 Companies |
9 | Therapeutic Respiratory Devices |
10 | Project Approach |
11 | About DelveInsight |
Interested in knowing the therapeutic respiratory devices market by 2027? Click to get a snapshot of the Therapeutic Respiratory Devices Market Trends
Related Reports
Severe Asthma Market Insights, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, market share of the individual therapies, and key severe asthma companies, including AstraZeneca, Novartis, Sanofi, among others.
Asthma Pipeline Insight – 2023 report provides comprehensive insights about the pipeline landscape, including clinical and non-clinical stage products, and the key asthma companies, including GSK, AstraZeneca,
Severe Asthma Pipeline Insight – 2023 report provides comprehensive insights about the pipeline landscape, including clinical and non-clinical stage products, and the key severe asthma companies, including AstraZeneca, Novartis, Sanofi, among others.
Chronic Obstructive Pulmonary Disease Epidemiology Forecast
Chronic Obstructive Pulmonary Disease Epidemiology Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology as well as the chronic obstructive pulmonary disease epidemiology trends.
Chronic Obstructive Pulmonary Disease Market
Chronic Obstructive Pulmonary Disease Market Insights, Epidemiology, and Market Forecast – 2032 report deliver an in-depth understanding of the disease, historical and forecasted epidemiology, market share of the individual therapies, and key chronic obstructive pulmonary disease companies, including Sanofi,
Acute Respiratory Distress Syndrome Pipeline
Acute Respiratory Distress Syndrome Pipeline Insight – 2023 report provides comprehensive insights about the pipeline landscape, including clinical and non-clinical stage products, and the key acute respiratory distress syndrome companies, including Bayer,
Other Trending Reports
Tay-sachs Disease Or Gm2 Gangliosidosis Market | Onycholysis Market | Diagnostic Imaging Equipment Market | Chemotherapy-induced Peripheral Neuropathy Market | Global Electrophysiology Devices Market | Anaphylaxis Market | Atherectomy Devices Market | Helicobacter Pylori Infections Market | Ophthalmic Imaging Equipment Market | Androgenetic Alopecia Market | Allergic Rhinitis Market | Chronic Inflammatory Demyelinating Polyneuropathy Market | Chronic Inflammtory Demyelinating Polyneuropathy Market | Colorectal Cancer Crc Market | Opioid Induced Constipation Market | Vertigo Market | Bone Anchored Hearing Systems Market | Wound Closure Devices Market | Hip Replacement Devices Market | Hemodynamic Monitoring Systems Market | Egfr Non-small Cell
Related Healthcare Blogs
Emerging Therapies for Severe Asthma Treatment
Chronic Respiratory Disease Market
Promising Therapies in the ARDS Market
Rising Acute Respiratory Distress Syndrome Prevalence
Related Healthcare Services
Healthcare Competitive Intelligence Services
Healthcare Asset Prioritization Services
About DelveInsight
DelveInsight is a leading
Connect with us on LinkedIn|Facebook|Twitter
Additionally, get in touch with our business executive to explore @ Healthcare Due Diligence Services
Contact Us
info@delveinsight.com
+1(919)321-6187
https://www.delveinsight.com/medical-devices
Logo: https://mma.prnewswire.com/media/1082265/DelveInsight_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/the-global-therapeutic-respiratory-devices-market-to-surge-at-a-significant-cagr-of-9-by-2027--delveinsight-301746177.html
SOURCE
FAQ
What is the expected CAGR for the therapeutic respiratory devices market by 2027?
Which region is expected to lead the therapeutic respiratory devices market?
What challenges does the therapeutic respiratory devices market face?
How has COVID-19 impacted the therapeutic respiratory devices market?
Which companies are key players in the therapeutic respiratory devices market?
