HEALTHCARE
Global Respiratory Care Device Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Respiratory Care Device Market, By Monitoring Devices (Pulse oximeters, Pulse oximeter sensors, Pulse oximeter equipment, Capnographs, Gas analyzers), Therapeutic Devices (Pap devices, Masks, Ventilators, Nebulizers, Humidifiers, Oxygen concentrators, Inhalers, Reusable resuscitators, Nitric oxide delivery units, and Oxygen hoods), Accessories (Disposable masks, Disposable resuscitators, Tracheostomy tubes, Nasal cannulas, Other consumables, and accessories), Diagnostic Devices (Spirometers, Polysomnography (PSG) Devices, Peak Flow Meters, Other Diagnostic Devices), Application (Chronic obstructive pulmonary disease (COPD), Sleep apnea, Asthma, Infectious diseases, Other diseases), Distribution Channel (Retail Pharmacies, Online Pharmacies, Hospitals Pharmacies), End User (Hospitals, Clinics, Ambulatory care, Home care, Others) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Respiratory Care Device market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Respiratory care devices are medical tools used to help individuals with respiratory problems. These medical devices are employed in the management, identification, and observation of respiratory conditions, including asthma, sleep apnea, and chronic obstructive pulmonary disease (COPD). Nebulizers, oxygen concentrators, ventilators, and continuous positive airway pressure (CPAP) machines are examples of common respiratory care equipment. The respiratory care device market includes the manufacturing, distribution, and sale of these devices, which is being driven by the rising prevalence of respiratory disorders, a growing elderly population, and technological improvements. It includes a range of stakeholders, including as patients, healthcare providers, and manufacturers. The healthcare system, legal requirements, and the public's increasing knowledge of respiratory health issues and available treatments all impact market dynamics.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising incidence of chronic respiratory diseases like COPD and asthma
- Growing geriatric population
RESTRAINTS
- High cost of respiratory care devices
- Stringent regulatory approval processes
OPPORTUNITIES
- Emerging markets in developing countries
- Growth in telemedicine and remote monitoring
CHALLENGES
- Regulatory and compliance issues
- High competition among market players
SEGMENTATION
- Monitoring Devices
- Pulse oximeters
- Pulse oximeter sensors
- Pulse oximeter equipment
- Capnographs
- Gas analyzers
- Therapeutic Devices
- Pap devices
- Masks
- Ventilators
- Nebulizers
- Humidifiers
- Oxygen concentrators
- Inhalers
- Reusable resuscitators
- Nitric oxide delivery units
- Oxygen hoods
- Accessories
- Disposable masks
- Disposable resuscitators
- Tracheostomy tubes
- Nasal cannulas
- Other consumables and accessories
- Diagnostic Devices
- Spirometers
- Polysomnography (PSG) Devices
- Peak Flow Meters
- Other Diagnostic Devices
- Application
- Chronic obstructive pulmonary disease (COPD)
- Sleep apnea
- Asthma
- Infectious diseases
- Other diseases
- Distribution Channel
- Retail Pharmacies
- Online Pharmacies
- Hospitals Pharmacies
- End User
- Hospitals
- Clinics
- Ambulatory care
- Home care
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Philips Respironics
- Medtronic plc
- ResMed
- Getinge AB
- GE Healthcare
- Hill-Rom Holdings Inc.
- Draegerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Corporation
- Teleflex Incorporated
- Vapotherm, Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Respiratory Care Device Market, by Monitoring Devices
- 3.2 Global Respiratory Care Device Market, by Therapeutic Devices
- 3.3 Global Respiratory Care Device Market, by Accessories
- 3.4 Global Respiratory Care Device Market, by Diagnostic Devices
- 3.5 Global Respiratory Care Device Market, by Application
- 3.6 Global Respiratory Care Device Market, by Distribution Channel
- 3.7 Global Respiratory Care Device Market, by End User
- 3.8 Global Respiratory Care Device Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Advancements in technology and innovation
- 5.1.2 Rising demand for home care and point-of-care devices
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising incidence of chronic respiratory diseases like COPD and asthma
- 5.2.2 Growing geriatric population
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High cost of respiratory care devices
- 5.3.2 Stringent regulatory approval processes
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Emerging markets in developing countries
- 5.4.2 Growth in telemedicine and remote monitoring
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Regulatory and compliance issues
- 5.5.2 High competition among market players
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY MONITORING DEVICES
- 6.1 Monitoring Devices Summary
- 6.2 Market Attractive Index
- 6.3 Global Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- SECTION 7 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY THERAPEUTIC DEVICES
- 7.1 Therapeutic Devices Summary
- 7.2 Market Attractive Index
- 7.3 Global Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- SECTION 8 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY ACCESSORIES
- 8.1 Accessories Summary
- 8.2 Market Attractive Index
- 8.3 Global Respiratory Care Device Market, by Accessories (2019-2032)
- SECTION 9 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY DIAGNOSTIC DEVICES
- 9.1 Diagnostic Devices Summary
- 9.2 Market Attractive Index
- 9.3 Global Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- SECTION 10 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY APPLICATION
- 10.1 Application Summary
- 10.2 Market Attractive Index
- 10.3 Global Respiratory Care Device Market, by Application (2019-2032)
- SECTION 11 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY DISTRIBUTION CHANNEL
- 11.1 Distribution Channel Summary
- 11.2 Market Attractive Index
- 11.3 Global Respiratory Care Device Market, by Distribution Channel (2019-2032)
- SECTION 12 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY END USER
- 12.1 End User Summary
- 12.2 Market Attractive Index
- 12.3 Global Respiratory Care Device Market, by End User (2019-2032)
- SECTION 13 - GLOBAL RESPIRATORY CARE DEVICE MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Respiratory Care Device Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA RESPIRATORY CARE DEVICE MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- 14.4 North America Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- 14.5 North America Respiratory Care Device Market, by Accessories (2019-2032)
- 14.6 North America Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- 14.7 North America Respiratory Care Device Market, by Application (2019-2032)
- 14.8 North America Respiratory Care Device Market, by Distribution Channel (2019-2032)
- 14.9 North America Respiratory Care Device Market, by End User (2019-2032)
- 14.10 North America Respiratory Care Device Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE RESPIRATORY CARE DEVICE MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- 15.4 Europe Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- 15.5 Europe Respiratory Care Device Market, by Accessories (2019-2032)
- 15.6 Europe Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- 15.7 Europe Respiratory Care Device Market, by Application (2019-2032)
- 15.8 Europe Respiratory Care Device Market, by Distribution Channel (2019-2032)
- 15.9 Europe Respiratory Care Device Market, by End User (2019-2032)
- 15.10 Europe Respiratory Care Device Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC RESPIRATORY CARE DEVICE MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- 16.4 Asia-Pacific Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- 16.5 Asia-Pacific Respiratory Care Device Market, by Accessories (2019-2032)
- 16.6 Asia-Pacific Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- 16.7 Asia-Pacific Respiratory Care Device Market, by Application (2019-2032)
- 16.8 Asia-Pacific Respiratory Care Device Market, by Distribution Channel (2019-2032)
- 16.9 Asia-Pacific Respiratory Care Device Market, by End User (2019-2032)
- 16.10 Asia-Pacific Respiratory Care Device Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA RESPIRATORY CARE DEVICE MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- 17.4 South America Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- 17.5 South America Respiratory Care Device Market, by Accessories (2019-2032)
- 17.6 South America Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- 17.7 South America Respiratory Care Device Market, by Application (2019-2032)
- 17.8 South America Respiratory Care Device Market, by Distribution Channel (2019-2032)
- 17.9 South America Respiratory Care Device Market, by End User (2019-2032)
- 17.10 South America Respiratory Care Device Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA RESPIRATORY CARE DEVICE MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Respiratory Care Device Market, by Monitoring Devices (2019-2032)
- 18.4 Middle East and Africa Respiratory Care Device Market, by Therapeutic Devices (2019-2032)
- 18.5 Middle East and Africa Respiratory Care Device Market, by Accessories (2019-2032)
- 18.6 Middle East and Africa Respiratory Care Device Market, by Diagnostic Devices (2019-2032)
- 18.7 Middle East and Africa Respiratory Care Device Market, by Application (2019-2032)
- 18.8 Middle East and Africa Respiratory Care Device Market, by Distribution Channel (2019-2032)
- 18.9 Middle East and Africa Respiratory Care Device Market, by End User (2019-2032)
- 18.10 Middle East and Africa Respiratory Care Device Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Respiratory Care Device Market, Company Share Analysis
- 19.2 North America Respiratory Care Device Market, Company Share Analysis
- 19.3 Europe Respiratory Care Device Market, Company Share Analysis
- 19.4 Asia-Pacific Respiratory Care Device Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Philips Respironics
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 Medtronic plc
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 ResMed
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Getinge AB
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 GE Healthcare
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Hill-Rom Holdings Inc.
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Draegerwerk AG & Co. KGaA
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Fisher & Paykel Healthcare Corporation
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Teleflex Incorporated
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Vapotherm, Inc.
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.