Global Respiratory Devices Market Outlook to 2027
Segmented by- product type (Respiratory Consumables, Nebulizers, Oxygen Concentrators, Positive Airway Pressure Devices), by Distribution Channel (Online, Offline), by Country (US, Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), by end-user (Hospitals, Clinics, Others)
June 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of Global Respiratory Devices. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The market has segmentation which includes segment by Product Type ( Respiratory Consumables, Nebulizers, Oxygen Concentrators, Positive Airway Pressure Devices ), by Distribution Channel (Offline, Online Stores), by Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), by end-user (Hospitals, Clinics, Others) . The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the Global Respiratory Devices market which grew at a robust CAGR from 2017-2022 & is forecasted to grow steadily from 2022-2027 driven by increase in respiratory illness cases, innovative technologies alongside growing inorganic growth strategies.
- The rapid growth in global geriatric population, rising incidents of chronic diseases (including COPD & asthma), alongside the cost advantage of home care devices & services are the key factors driving the global respiratory devices market.
- Infectious respiratory diseases directly drive demand for respiratory care. COVID-19 is the most recent example of these diseases. The pandemic has resulted in a surge for demand for personal protective equipment & ventilators, among others.
Key Trends by Market Segment
By Product: Inhalers segment is expected to record highest CAGR in the upcoming years owing to rising cases of Asthma amongst younger generation as a result of Air Pollution.
By End-User: Hospitals accounted for largest share of market in 2022 owing to growing public-private partnerships & improving healthcare infrastructure.
Competitive Landscape
The Global Respiratory Devices Market is fragmented with players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Global Respiratory Devices market for its products, services, and continuous product developments are the basis of flexibility and price, brand recognition, quality, and the overall variety of the product offering among others.
Future Outlook
The Global Respiratory Devices Market witnessed significant growth during the period 2017-2022, owing to increase in fast fashion trends, Enhancing Service Offerings alongside increase in product innovativeness. Growth rate of the market is going to increase over the period as market penetration rates increase.
Scope Of The Report
Scope of the Report
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Global Respiratory Devices Market Segmentation |
|
|
By Type of Product |
Inhalers Respiratory Consumables Nebulizers Oxygen Concentrators Positive Airway Pressure Devices Spirometer |
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By End-User |
Hospitals Clinics Others |
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By Geography |
Asia Pacific Middle East North America Australia South America Europe |
Products
Products
Key Target Audience:
- Government
- Hospitals
- Clinics
- Others
Time Period Captured in the Report:
- Historical Period:2017- 2022
- Base Year: 2022
- Forecast Period: 2022-2027
Companies
Companies Covered:
- Philips Healthcare
- Medtronic
- ResMed
- Fisher & Paykel Healthcare Limited
- Xplore Health Technologies Ltd
- ICU Medical Inc
Table of Contents
Table of Contents
1. Executive Summary
2. Market Overview
2.1 Taxonomy of US Respiratory Devices Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for US Respiratory Devices Market
2.5 Growth Drivers of US Respiratory Devices Market
2.6 Issues and Challenges of US Respiratory Devices Market
2.7 Impact of COVID-19 on US Respiratory Devices Market
2.8 PESTLE/SWOT Analysis
3. US Respiratory Devices Market Size, 2017 – 2022
4. US Respiratory Devices Market Segmentation
4.1 By Type of Respiratory Devices, 2017 - 2022
4.2 By End-User, 2017 - 2022
4.3 By Regional Split (North America/Europe/Asia-Pacific/LAMEA), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Philips Healthcare
5.3.2 Medtronic
5.3.3 ResMed
5.3.4 Fisher & Paykel Healthcare Limited
5.3.5 Xplore Health Technologies Ltd
5.3.6 ICU Medical Inc
6. US Respiratory Devices Future Market Size, 2022 – 2027
7. US Respiratory Devices Future Market Segmentation
7.1 By Type of Respiratory Devices, 2022 - 2027
7.2 By End-User, 2022 - 2027
7.3 By Regional Split (North America/Europe/Asia-Pacific/LAMEA), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step: 1 Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step: 2 Market Building:
Collating statistics on Respiratory devices over the years, penetration of homebased healthcare devices. We will also review central bank statistics to understand annual growth and outstanding amount which can ensure accuracy behind the datapoint shared.
Step: 3 Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step: 4 Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from healthcare device providers.
Frequently Asked Questions
Frequently Asked Questions
01 How big is global respiratory devices market?
The global respiratory devices market reached USD 22 bn in 2022 and is expected to reach USD 30 bn with a CAGR of 7.5% during the forecast period 2022-2027.
02 Which factors are driving the growth of global respiratory devices market?
The rapid growth in global geriatric population, rising incidents of chronic diseases, cost advantage of home care devices and services are the factors that are driving the growth of global respiratory devices market.
03 Which product in the global respiratory devices market has the highest market share in 2022?
Inhalers have the highest market share in global respiratory devices market in 2022.
04 Which end-user accounted for the largest share global respiratory devices market in 2022?
The hospitals have the market share of global respiratory devices market in 2022.
05 Which are the key players in global respiratory devices market?
Medtronic, ResMed, and Philips Healthcare are some of the key players in global respiratory devices market.
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