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report thumbnailRespiratory Devices Market

Respiratory Devices Market Analysis Report 2025: Market to Grow by a CAGR of 21.2 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Respiratory Devices Market by Type (Therapeutic Devices [Positive Airway Pressure (PAP), by Application (Chronic Obstructive Pulmonary Disease (COPD), by End-User (Hospitals & ASCs, Specialty Clinics, Home Care Settings, Others), by North America (U.S., Canada) Forecast 2026-2034

Jan 23 2025

Base Year: 2025

180 Pages

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Respiratory Devices Market Analysis Report 2025: Market to Grow by a CAGR of 21.2 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

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Respiratory Devices Market Analysis Report 2025: Market to Grow by a CAGR of 21.2 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships


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Key Insights

The Respiratory Devices Market size was valued at USD 21.8 USD Billion in 2023 and is projected to reach USD 31.8 USD Billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. The respiratory devices market is also expanding its market rapidly due to the rampant prevalence of respiratory diseases like asthma, COPD, and sleep apnea across the world. These devices extend functionality of portability, and smart connectivity as they offer individualized treatment to the patients. Telemetry monitoring devices are used in several different settings, including hospitals, clinics, home care, and emergency medical services. This range of devices includes simple inhalers to complex ventilators that incorporate modern gadgets including digital sensors and telemedicine to enhance disease control and treatment outcomes. This makes the market significant as it ensures patients penetrate high quality and necessary care boosting quality of life as well as healthcare affordability and availability.

Respiratory Devices Market Research Report - Market Overview and Key Insights

Respiratory Devices Market Market Size (In Million)

40.0M
30.0M
20.0M
10.0M
0
21.60 M
2021
23.80 M
2022
26.20 M
2023
28.80 M
2024
31.60 M
2025
34.60 M
2026
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Respiratory Devices Trends

  • Increased adoption of home monitoring devices
  • Rising demand for non-invasive ventilators
  • Technological advancements in respiratory devices
Respiratory Devices Market Market Size and Forecast (2024-2030)

Respiratory Devices Market Company Market Share

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Driving Forces: What's Propelling the Respiratory Devices Market

  • Growing incidence of respiratory diseases
  • Government initiatives to promote respiratory health
  • Rising awareness of respiratory health issues

Challenges and Restraints in Respiratory Devices Market

  • High cost of respiratory devices and their maintenance
  • Reimbursement challenges and inadequate insurance coverage
  • Competition from low-cost manufacturers, particularly in emerging markets
  • Strict regulatory requirements and lengthy approval processes
  • Limited access to respiratory care services in rural and underserved areas

Emerging Trends in Respiratory Devices

  • Telemedicine for respiratory care
  • Integration of AI in respiratory devices
  • Wearable respiratory devices

Growth Catalysts in Respiratory Devices Industry

  • Rising prevalence of respiratory diseases, such as asthma, COPD, and sleep apnea
  • Government initiatives and funding for respiratory disease research and awareness campaigns
  • Technological advancements leading to more efficient, user-friendly, and portable respiratory devices
  • Increased focus on personalized medicine and tailored respiratory care plans
  • Growing demand for home-based respiratory care due to advancements in remote monitoring technologies

Market Segmentation: Respiratory Devices Analysis

Product:

  • Therapeutic Devices
  • Monitoring Devices

Indication:

  • Asthma
  • Chronic Bronchitis
  • COPD

Leading Players in the Respiratory Devices Market

  • Invacare Corporation
  • Medtronic
  • GlaxoSmithKline plc.
  • Chart Industries
  • General Electric Company
  • ResMed

Significant developments in Respiratory Devices Sector

  • Acquisition of Masimo by Medtronic
  • Launch of new non-invasive ventilator by Invacare
  • FDA approval of new drug for COPD by GlaxoSmithKline

Comprehensive Coverage Respiratory Devices Market Report

Sections covered in the report include:

  • Executive Summary
  • Market overview
  • Market dynamics
  • Detailed market segmentation (by device type, application, end-user, and region)
  • Market size and forecast
  • Comprehensive analysis of the competitive landscape
  • SWOT analysis
  • Porters Five Forces Analysis
  • Identification of key growth drivers and emerging trends
  • In-depth discussion of challenges and restraints
  • Regional market analysis, including key trends and growth prospects
  • Detailed industry forecast and market projections

Regional Insight

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
Respiratory Devices Market Market Share by Region - Global Geographic Distribution

Respiratory Devices Market Regional Market Share

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DROCT

  • Drivers: Growing prevalence of respiratory diseases, rising healthcare expenditure
  • Restraints: High cost of devices, reimbursement challenges
  • Opportunities: Technological advancements, telemedicine
  • Challenges: Competition from low-cost manufacturers

Pricing Analysis

  • Price comparison of different respiratory devices
  • Impact of pricing on market dynamics

Import And Export Analysis

  • Import and export data for respiratory devices
  • Impact of global trade on market growth

Segmentation

  • Segmentation by product(Monitoring Devices), indication, region
  • Granular market analysis for each segment

Patent/Trademark Analysis

  • Analysis of patents and trademarks related to respiratory devices
  • Impact of intellectual property on market growth

Geographic Coverage of Respiratory Devices Market

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Lower Coverage
No Coverage

Respiratory Devices Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 21.2% from 2020-2034
Segmentation
    • By Type
      • Therapeutic Devices [Positive Airway Pressure (PAP
    • By Application
      • Chronic Obstructive Pulmonary Disease (COPD
    • By End-User
      • Hospitals & ASCs
      • Specialty Clinics
      • Home Care Settings
      • Others
  • By Geography
    • North America
      • U.S.
      • Canada

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. “Application of cost-effective materials for manufacturing is likely to propel the global microfluidic devices market”
      • 3.3. Market Restrains
        • 3.3.1. Lack of Diagnosis and Treatment in Developing Countries to Limit the Demand for Wound Dressings
      • 3.4. Market Trends
        • 3.4.1. Shift of Healthcare Providers from Medication to Electrical Stimulation for Treatment of Neurological Disorders to Fuel the Market
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Respiratory Devices Market Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Therapeutic Devices [Positive Airway Pressure (PAP
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Chronic Obstructive Pulmonary Disease (COPD
    • 5.3. Market Analysis, Insights and Forecast - by End-User
      • 5.3.1. Hospitals & ASCs
      • 5.3.2. Specialty Clinics
      • 5.3.3. Home Care Settings
      • 5.3.4. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. North America
  6. 6. Competitive Analysis
    • 6.1. Global Market Share Analysis 2025
      • 6.2. Company Profiles
        • 6.2.1 Some of the major companies that are present in the global respiratory devices market report include Invacare Corporation.
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Medtronic
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 GlaxoSmithKline plc.
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Chart Industries
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 General Electric Company
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 ResMed. and others.
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Respiratory Devices Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
  2. Figure 2: Global Respiratory Devices Market Volume Breakdown (million units, %) by Region 2025 & 2033
  3. Figure 3: North America Respiratory Devices Market Revenue (USD Billion), by Type 2025 & 2033
  4. Figure 4: North America Respiratory Devices Market Volume (million units), by Type 2025 & 2033
  5. Figure 5: North America Respiratory Devices Market Revenue Share (%), by Type 2025 & 2033
  6. Figure 6: North America Respiratory Devices Market Volume Share (%), by Type 2025 & 2033
  7. Figure 7: North America Respiratory Devices Market Revenue (USD Billion), by Application 2025 & 2033
  8. Figure 8: North America Respiratory Devices Market Volume (million units), by Application 2025 & 2033
  9. Figure 9: North America Respiratory Devices Market Revenue Share (%), by Application 2025 & 2033
  10. Figure 10: North America Respiratory Devices Market Volume Share (%), by Application 2025 & 2033
  11. Figure 11: North America Respiratory Devices Market Revenue (USD Billion), by End-User 2025 & 2033
  12. Figure 12: North America Respiratory Devices Market Volume (million units), by End-User 2025 & 2033
  13. Figure 13: North America Respiratory Devices Market Revenue Share (%), by End-User 2025 & 2033
  14. Figure 14: North America Respiratory Devices Market Volume Share (%), by End-User 2025 & 2033
  15. Figure 15: North America Respiratory Devices Market Revenue (USD Billion), by Country 2025 & 2033
  16. Figure 16: North America Respiratory Devices Market Volume (million units), by Country 2025 & 2033
  17. Figure 17: North America Respiratory Devices Market Revenue Share (%), by Country 2025 & 2033
  18. Figure 18: North America Respiratory Devices Market Volume Share (%), by Country 2025 & 2033

List of Tables

  1. Table 1: Global Respiratory Devices Market Revenue USD Billion Forecast, by Type 2020 & 2033
  2. Table 2: Global Respiratory Devices Market Volume million units Forecast, by Type 2020 & 2033
  3. Table 3: Global Respiratory Devices Market Revenue USD Billion Forecast, by Application 2020 & 2033
  4. Table 4: Global Respiratory Devices Market Volume million units Forecast, by Application 2020 & 2033
  5. Table 5: Global Respiratory Devices Market Revenue USD Billion Forecast, by End-User 2020 & 2033
  6. Table 6: Global Respiratory Devices Market Volume million units Forecast, by End-User 2020 & 2033
  7. Table 7: Global Respiratory Devices Market Revenue USD Billion Forecast, by Region 2020 & 2033
  8. Table 8: Global Respiratory Devices Market Volume million units Forecast, by Region 2020 & 2033
  9. Table 9: Global Respiratory Devices Market Revenue USD Billion Forecast, by Type 2020 & 2033
  10. Table 10: Global Respiratory Devices Market Volume million units Forecast, by Type 2020 & 2033
  11. Table 11: Global Respiratory Devices Market Revenue USD Billion Forecast, by Application 2020 & 2033
  12. Table 12: Global Respiratory Devices Market Volume million units Forecast, by Application 2020 & 2033
  13. Table 13: Global Respiratory Devices Market Revenue USD Billion Forecast, by End-User 2020 & 2033
  14. Table 14: Global Respiratory Devices Market Volume million units Forecast, by End-User 2020 & 2033
  15. Table 15: Global Respiratory Devices Market Revenue USD Billion Forecast, by Country 2020 & 2033
  16. Table 16: Global Respiratory Devices Market Volume million units Forecast, by Country 2020 & 2033
  17. Table 17: U.S. Respiratory Devices Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  18. Table 18: U.S. Respiratory Devices Market Volume (million units) Forecast, by Application 2020 & 2033
  19. Table 19: Canada Respiratory Devices Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  20. Table 20: Canada Respiratory Devices Market Volume (million units) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Respiratory Devices Market?

The projected CAGR is approximately 21.2%.

2. Which companies are prominent players in the Respiratory Devices Market?

Key companies in the market include Some of the major companies that are present in the global respiratory devices market report include Invacare Corporation., Medtronic, GlaxoSmithKline plc., Chart Industries, General Electric Company, ResMed. and others..

3. What are the main segments of the Respiratory Devices Market?

The market segments include Type, Application, End-User.

4. Can you provide details about the market size?

The market size is estimated to be USD XXX USD Billion as of 2022.

5. What are some drivers contributing to market growth?

“Application of cost-effective materials for manufacturing is likely to propel the global microfluidic devices market”.

6. What are the notable trends driving market growth?

Shift of Healthcare Providers from Medication to Electrical Stimulation for Treatment of Neurological Disorders to Fuel the Market.

7. Are there any restraints impacting market growth?

Lack of Diagnosis and Treatment in Developing Countries to Limit the Demand for Wound Dressings.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in million units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Respiratory Devices Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Respiratory Devices Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Respiratory Devices Market?

To stay informed about further developments, trends, and reports in the Respiratory Devices Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.