The therapeutic respiratory devices market is critical for enhancing pulmonary function and assisting in the treatment of various chronic respiratory disorders. During respiratory therapy, these devices are intended to improve lung oxygen intake, cleanse the airway, and aid in the elimination of mucus from the bronchi. Chronic illnesses like chronic obstructive pulmonary disease (COPD), bronchitis, sleep problems, asthma, and other respiratory diseases might benefit greatly from therapeutic respiratory equipment. These devices help patients with respiratory dysfunction manage their symptoms, improve their respiratory function, and improve their overall quality of life.
Therapeutic Respiratory Devices Market Overview:
Maximize Market Research's recently released study, " Therapeutic Respiratory Devices Market 2023-2029," is a fantastic resource for learning about market rivals. The study undertakes a thorough and fundamental market analysis, diving into qualitative elements that might provide critical business intelligence. This report is useful in providing a more exact evaluation of the current and future dynamics of the global Therapeutic Respiratory Devices market, as it provides a market overview comprising the value chain structure, geographical analysis, applications, market size, and forecast extending from 2023 to 2029.
Therapeutic Respiratory Devices Market Growth Estimated:
Therapeutic Respiratory Devices Market size was valued at USD 18.5 Bn in 2022 and the total Therapeutic Respiratory Devices revenue is expected to grow by 6.10 % from 2023 to 2029, reaching nearly USD 28.0 Bn.
Therapeutic Respiratory Devices Market Dynamics:
Because of the rising frequency of chronic diseases that affect normal respiratory functioning, the therapeutic respiratory devices market is poised for tremendous growth. This increase in the number of patients suffering from respiratory disorders will be a major driving force in the growth and expansion of the therapeutic respiratory devices market. Breathing disorders affect around 100 million people, asthma affects over 235 million people, and chronic obstructive pulmonary disease (COPD) affects approximately 200 million people. These data highlight the enormity of the problem and highlight the necessity for effective therapeutic solutions. The increased prevalence of respiratory illnesses is caused by a variety of reasons.
Therapeutic Respiratory Devices Market Scope and Research Methodology:
The research provides a comprehensive business analysis by studying several aspects such as Therapeutic Respiratory Devices market growth, consumption volume, market trends, and corporate pricing structures over the predicted timeframe. The analysis goes into the market's complexities through extensive research. It provides an in-depth study of the Therapeutic Respiratory Devices market, including market characteristics, segmentation analysis, size, customer landscape, and geographic distribution. Growth drivers, current trends, innovations, opportunities, and the competitive landscape are all considered in the research. Based on productivity and manufacturing bases, the market has been scrutinised across numerous geographies.
COVID-19 Impact on Therapeutic Respiratory Devices market:
The COVID-19 pandemic is an unprecedented global public health disaster that has profoundly affected nearly every sector, with long-term ramifications influencing industry growth throughout the forecast period. Our continuing research incorporates crucial COVID-19 issues and anticipated future actions into its methodology. The study considers modifications in consumer behaviour, changes in demand, changes in purchasing patterns, adjustments in supply chain routes, the dynamics of current market pressures, and key government activities to provide insights into the pandemic's impact. The new study includes analyses, projections, and predictions that account for the market impact of COVID-19.
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Therapeutic Respiratory Devices Market Segmentation:
COPD (chronic obstructive pulmonary disease), obstructive sleep apnea, asthma, respiratory distress syndrome, and cystic fibrosis are all applications that can be categorised in the therapeutic respiratory devices market. COPD accounted for the largest market share in 2022 and is likely to expand significantly in the market, with a compound annual growth rate (CAGR) of more than 4.5% projected from 2022 to 2030.
Positive airway pressure (PAP) devices, oxygen concentrators, ventilators, inhalers, nebulizers, and humidifiers are some of the product segments in the therapeutic respiratory devices market. The nebulizers sector dominated the market in 2022 and is likely to increase significantly throughout the forecast period, with a compound annual growth rate (CAGR) of more than 9%.
Nebulizer Filters, Humidifier Filters, Positive Airway Pressure (PAP) Device Filters, Oxygen Concentrator Filters, and Ventilator Filters comprise the therapeutic respiratory equipment industry. In 2022, the Humidifier Filters segment dominated the market. The rising demand for humidifiers for various medicinal purposes is driving the humidifier filter market forward.
Key Players:
• Philips Healthcare - Netherlands
• ResMed Inc. - United States
• Medtronic plc - Ireland
• Fisher & Paykel Healthcare Limited - New Zealand
• Drive DeVilbiss Healthcare - United States
• Invacare Corporation - United States
• GE Healthcare - United States
• Hamilton Medical AG - Switzerland
• Smiths Medical - United Kingdom
• Vyaire Medical - United States
• Drägerwerk AG & Co. KGaA - Germany
• Getinge AB - Sweden
• Chart Industries, Inc. - United States
• Masimo Corporation - United States
• Inogen, Inc. - United States
• Air Liquide Medical Systems - France
• Teleflex Incorporated - United States
• Hill-Rom Holdings, Inc. - United States
• Ventec Life Systems - United States
• Allied Healthcare Products, Inc. - United States
• Precision Medical, Inc. - United States
• Nihon Kohden Corporation - Japan
• Becton, Dickinson and Company - United States
• ZOLL Medical Corporation - United States
• DeVilbiss Healthcare LLC - United State,
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Regional Analysis:
The regional section of the research also dives into critical market elements and changes in market rules that affect both current and future trends. New sales, replacement sales, national demography, regulatory activities, and import-export taxes are key components used to assess the market environment across different geographies. Furthermore, when offering forecast analysis for national data, the study considers the presence and availability of global brands. It also explores the issues that these global brands face, whether as a result of strong or weak competition from local and domestic companies, and the impact of sales channels.
Key Questions Answered in the Therapeutic Respiratory Devices Market Report are:
- Which are the major companies in the Therapeutic Respiratory Devices market?
- Which is the potential market for Therapeutic Respiratory Devices in terms of the region?
- Which application area of Therapeutic Respiratory Devices is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Therapeutic Respiratory Devices market size by 2027?
- What are the growth prospects for the Therapeutic Respiratory Devices market?
- What is the base year considered in the Therapeutic Respiratory Devices market report?
- Which region holds the largest market share in the Therapeutic Respiratory Devices market?
- What factors are anticipated to drive the Therapeutic Respiratory Devices market?
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The global respiratory therapeutic devices market is expected to exhibit a robust 10.8% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
These devices are extensively used in the treatment of cardiopulmonary disorder such as chronic obstructive pulmonary disease, asthma, acute bronchitis, cystic fibrosis, and others.
The growing problem of air pollution around the world has led to a growing prevalence of lung diseases in recent years.
Other respiratory devices such as HEPA filters have also experienced increased demand due to the coronavirus pandemic.
The increasing prevalence of coronavirus around the world is likely to be a major driver for the global respiratory therapeutic devices market over the forecast period, especially in the near future.Competitive Leaderboard:Leading players in the global respiratory therapeutic devices market include ACare Technology, Chart Industries, Rotech Healthcare Inc., Bayer AG, F. Hoffman-La Roche Ltd., Smiths Group plc, BD, and Masimo.
Increasing production and developing new varieties of products are likely to be major strategies among the leading players in the respiratory therapeutic devices market.
The Business Research Company published its Respiratory Devices And Equipment (Therapeutic) Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global respiratory devices and equipment (therapeutic) market.
The report covers the respiratory devices and equipment (therapeutic) market’s segments- by product: nebulizers; humidifiers; oxygen concentrators; positive airway pressure devices; ventilators; capnographs; gas analyzers and by end-user: homecare settings; hospitals.View Complete Report: https://www.thebusinessresearchcompany.com/report/respiratory-devices-and-equipment-therapeutic-market-global-report-2020-2030-covid-19-implications-and-growthRespiratory Devices And Equipment (Therapeutic) Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies in the respiratory devices and equipment therapeutic market are increasingly using AI to develop respiratory devices to treat asthma and COPD.
