Respiratory Devices, in the light of combination therapies for the treatment of COPD and asthma, have made significant strides toward market growth. The recent COVID pandemic has also brought in front of healthcare professionals, the significance of respiratory devices as major tools for mitigating the spread and severity of respiratory illnesses. This is set to take the market valuation to an astounding USD 26873.7 million in 2024.
Medicare advancements, thanks to the hefty investments by private as well as public healthcare companies have also amplified the acceptance and adoption of these devices in the developed and developing parts of the world. As the industry analysis exhibits an outstanding growth of 9.90% CAGR through 2034, the future prospects of the respiratory device market seem very lucrative.
Manufacturers involved in the production and distribution of these devices are also curating equipment that is not only effective but also affordable to the general populace. Despite the advent of alternative methodologies and treatments, the market valuation is very likely to surpass USD 69,072.5 million by the end of 2034. Medical inclusion policies and initiatives by governments in underdeveloped and developing countries are also bringing an enormous number of people under the purview of the respiratory device market.
Attributes | Details |
---|---|
Market Value for 2024 | USD 26,873.7 million |
Projected Market Value for 2034 | USD 69,072.5 million |
Value-based CAGR of the Market for 2024 to 2034 | 9.90% |
Various types of respiratory devices have flooded the market, thanks to the advent of numerous companies in the market. Home oxygen concentrators, portable oxygen devices, positive airway pressure devices, etc., are some of the prominent ones. Among these, positive airway pressure devices are estimated to hold a market share of 31.30% in 2024.
Attributes | Details |
---|---|
Product | Positive Airway Pressure Devices |
Market Share (2024) | 31.30% |
Respiratory devices find their applications in a wide spectrum of healthcare facilities such as hospitals, ambulatory surgical centers, clinics, long-term care centers, etc. Hospitals to take the largest share of 40.70% of the overall market in 2024.
Attributes | Details |
---|---|
End User | Hospitals |
Market Share (2024) | 40.70% |
Countries | CAGR (2024 to 2034) |
---|---|
Germany | 12.10% |
France | 11.90% |
India | 11.40% |
Canada | 10.30% |
Mexico | 10.10% |
The market in Germany is a promising one. It is slated to surge at a CAGR of 12.10% through 2034.
France is also one of the most lucrative countries in this market. It is very likely to rise at a CAGR of 11.90%.
The future of the market in India also looks very bright. The market is slated to progress at a CAGR of 11.40% through 2034.
Canada’s respiratory device market is slated to inflate at a CAGR of 10.30% from 2024 to 2034.
The respiratory aid market in Mexico is also very likely to flourish in the coming years. It is slated to inflate at a CAGR of 10.10% through 2034.
The market, globally, is a well-established one with a multitude of companies vying for international dominance. Hospitals, ambulatory surgical centers, clinics, etc., heavily rely on these companies for their respiratory requirements. These companies are also pouring billions of dollars into the development of product offerings that are not only effective but also affordable for the general populace.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by End Users, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Users, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by End Users, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End Users, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by End Users, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End Users, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by End Users, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End Users, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End Users, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by End Users, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End Users, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by End Users, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End Users, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by End Users, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End Users, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by End Users, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End Users, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by End Users, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Users, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by End Users, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Users, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Users, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End Users, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is expected to be worth USD 26,873.7 million in 2024.
The respiratory device market is expected to reach USD 69,072.5 million by 2034.
The market is set to develop at a CAGR of 9.90% from 2024 to 2034.
Massimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed Inc., Hamilton Medical AG, Medtronic plc, and Koninklijke Philips N.V., are some of the major players in the market.
The market valuation in 2023 was USD 24,623 million.
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