The global Respiratory devices market was capitalized for USD 16,870 Million in 2019 and is estimated to reach USD 34,178 Million by the end of 2025, developing at a CAGR of over 9.2% during the forecast period 2019–2025. Respiratory devices supply respiratory gas mechanically to patients with impaired respiratory function. The respiratory gas is usually enriched with oxygen and conveyed into the lung with a positive pressure generated by the device. There are two fundamentally different respiration methods, including the one during controlled respiration; the ventilator fully assumes the patient's respiration effort with preset respiratory volume or pressures, while in assisted respiration the respiratory device merely supports the spontaneous breathing effort with a set overpressure.
Some of the key players in the market are Carefusion Corporation; GE Healthcare; Chart industries; Philips Healthcare; Compumedics Ltd.; Smiths Medical; Covidien PLC; Invacare; Fisher and Paykel and Mindray.
The rising outbreak of infectious diseases to boosting the Global Respiratory devices Market
Rising infectious respiratory diseases directly augment the demand for respiratory care. In addition to this, the COVID-19 is the most recent and noteworthy of these diseases. Furthermore, the pandemic has resulted in an increasing demand for personal protection equipment and ventilators. The demand for ventilators has boosted due to the COVID-19 outbreak. This results in governmental and industrial support for propelling the pace of manufacturing. This indicates the emphasis on respiratory care in the background of an outbreak. This is anticipated to help the market to gain traction in the forecast period.
The global Respiratory devices market is bifurcated on the basis of the product, indication, end-user, and regional analysis. Based on the product, the market is divided into Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables & Accessories. Based on the indications, the market is divided into COPD, Sleep apnea, asthma, infectious disease. Based on the end-user, the market is divided into Hospitals, Homecare Settings, ambulatory care centers.
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The Asia Pacific Region Expected to Witness Fastest Growth in The Global Respiratory devices Market
Based on geographical analysis, the global Respiratory devices market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The growth of the Respiratory Devices market across the Asia Pacific is due to the presence of a higher pool of respiratory patients. Furthermore, the surge in healthcare expenditure will propel the growth of the industry in the region. The rapidly rising per capita income and growth in the middle-class population is expected to boost the growth of the market. In addition to this, the rise in the consumption of tobacco smoking in this region will boost the growth of the market.
The global respiratory devices market is segmented as follows:
- Therapeutic Devices
- Monitoring Devices
- Diagnostic Devices
- Consumables & Accessories
- Chronic Obstructive Pulmonary Disease (COPD)
- Sleep apnea
- Infectious disease
- Home Care settings
- Ambulatory Care Centers
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa