Respiratory Care Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Therapeutic Devices Lead the Market in Terms of Product Segmentation

North America Holds Dominant Market Share

The global respiratory care devices market is poised for substantial growth, with projections indicating an increase from US$ 20 billion in 2024 to a staggering US$ 40 billion by the end of 2031.

Market Overview

Respiratory care devices play a pivotal role in the treatment, management, diagnosis, and care of patients with cardiopulmonary abnormalities. These devices are especially vital in addressing chronic obstructive pulmonary diseases (COPD), including chronic bronchitis and emphysema, which are leading causes of global mortality. The market is witnessing significant growth due to the rising incidence of chronic pulmonary obstructive diseases, technological innovations, and a robust product pipeline.

Factors Driving Market Growth

Rising Incidence of Chronic Pulmonary Obstructive Diseases: The increasing prevalence of chronic pulmonary obstructive diseases is primarily driven by changing lifestyles and environmental factors such as rising pollution levels. The introduction of novel products and a strong pipeline of respiratory care devices are expected to create lucrative opportunities in the market.
Growing Geriatric Population Worldwide: The global geriatric population has been steadily increasing, with more than 2 billion individuals projected to be aged 60 and older by 2050, according to the World Health Organization (WHO). The elderly are more susceptible to respiratory diseases due to weakened immune systems, driving the demand for effective healthcare solutions tailored to this demographic.

Challenges to Market Expansion

Lack of Awareness in Developing Regions: Several developing regions have limited awareness of respiratory care devices and their benefits, hindering their adoption in these areas. Additionally, concerns regarding the potential adverse effects of these devices on neonates and excise taxes imposed by certain countries may limit sales growth.

Regional Dominance

North America is poised to dominate the global respiratory care devices market, followed by Europe. These regions benefit from highly developed healthcare infrastructures, a substantial patient pool affected by respiratory diseases due to lifestyle factors like tobacco use, and easy access to trained personnel proficient in operating advanced respiratory devices.

About Respiratory Care Devices

Respiratory care devices constitute a critical segment of medical devices dedicated to treating, managing, diagnosing, and caring for patients with cardiopulmonary system abnormalities. These devices play a crucial role in addressing chronic obstructive pulmonary diseases (COPD), a leading cause of mortality worldwide.

Key Players

Leading players in the global respiratory care devices market include: Philips Healthcare (Netherlands), Masimo Corporation (U.S.), Fisher and Paykel Healthcare Limited (New Zealand), ResMed, Inc. (U.S.), Covidien plc (Ireland), and CareFusion Corporation (U.S.).

Respiratory Care Devices Industry Research by Category

By Product Type:

Diagnostic Devices
Therapeutic Devices
Monitoring Devices

By End User:

Hospitals
Home Care

By Region:

North America
Europe
Latin America
East Asia
Middle East & Africa
South Asia & Pacific

1. Executive Summary

1.1. Global Respiratory Care Devices Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Respiratory Care Devices Production Output, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Respiratory Care Devices Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Respiratory Care Devices Market Outlook, 2018 - 2031

5.1. Global Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Diagnostic Devices
  - 5.1.1.2. Therapeutic Devices
  - 5.1.1.3. Monitoring Devices
5.2. Global Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospital
  - 5.2.1.2. Home Care
5.3. Global Respiratory Care Devices Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Respiratory Care Devices Market Outlook, 2018 - 2031

6.1. North America Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Diagnostic Devices
  - 6.1.1.2. Therapeutic Devices
  - 6.1.1.3. Monitoring Devices
6.2. North America Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospital
  - 6.2.1.2. Home Care
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Respiratory Care Devices Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Respiratory Care Devices Market Outlook, 2018 - 2031

7.1. Europe Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Diagnostic Devices
  - 7.1.1.2. Therapeutic Devices
  - 7.1.1.3. Monitoring Devices
7.2. Europe Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospital
  - 7.2.1.2. Home Care
- 7.2.2. Attractiveness Analysis
7.3. Europe Respiratory Care Devices Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. France Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. France Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Respiratory Care Devices Market Outlook, 2018 - 2031

8.1. Asia Pacific Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Diagnostic Devices
  - 8.1.1.2. Therapeutic Devices
  - 8.1.1.3. Monitoring Devices
8.2. Asia Pacific Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospital
  - 8.2.1.2. Home Care
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Respiratory Care Devices Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. China Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. India Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. India Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Respiratory Care Devices Market Outlook, 2018 - 2031

9.1. Latin America Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Diagnostic Devices
  - 9.1.1.2. Therapeutic Devices
  - 9.1.1.3. Monitoring Devices
9.2. Latin America Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Hospital
  - 9.2.1.2. Home Care
  - 9.2.1.3. Ambulatory Surgical Centers
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Respiratory Care Devices Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Respiratory Care Devices Market Outlook, 2018 - 2031

10.1. Middle East & Africa Respiratory Care Devices Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Diagnostic Devices
  - 10.1.1.2. Therapeutic Devices
  - 10.1.1.3. Monitoring Devices
10.2. Middle East & Africa Respiratory Care Devices Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Hospital
  - 10.2.1.2. Home Care
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Respiratory Care Devices Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Respiratory Care Devices Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Respiratory Care Devices Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs by Product Type Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Philips Healthcare
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Masimo Corporation
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Fisher and Paykel Healthcare Limited
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. ResMed, Inc.
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Covidien plc.
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. CareFusion Corporation
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations