Market Synopsis

Competitive Market Growth, Size, Share and Forecast to 2026 for Respiratory Care Devices Market, By Offering (Products (Therapeutic Devices (Positive Airway Pressure (PAP) Devices(Continuous Positive Airway Pressure (CPAP), Bi-Level Positive Airway Pressure (BiPAP), Automatic Positive Airway Pressure (APAP)), Ventilators (Invasive, Non-Invasive), Nebulizers, Humidifiers, Oxygen Concentrators, Inhalers, Reusable Resuscitators, Others), Monitoring Devices (Pulse Oximeters, Capnographs, Gas Analyzers), Diagnostic Devices (Spirometers, Polysomnography (PSG) Devices, Peak Flow Meters, Others), Consumables And Accessories (Masks (Disposable, Reusable), Tubes, Breathing Circuits, Resuscitator, Others), Services); By Type(Portable, Non-Portable); By End-Users (Hospitals And Clinics, Research Labs, Elderly Care Centers, Home-Care, Others); By Health Condition (Chronic Obstructive Pulmonary Disease (COPD) , Asthma , Infectious Diseases, Sleep Apnea, Others); By Sales Channel (Online (Company Website, Third-Party Websites), Offline)

Market Snapshot

The Respiratory Care Devices Market will reach USD 27.6 billion by 2026 at a CAGR of 8.50% , according to the Absolute Markets Insights Comprehensive Research Report titled Respiratory Care Devices Market

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Report Description Respiratory Care Devices Market.

 Market Overview

Respiratory illnesses have been plaguing the lives of individuals since time immemorial. Diseases such as asthma and chronic obstructive pulmonary disease (COPD) are on the rise off late. Decline in air quality as a result of vehicular and industrial pollution, coupled with the increase in smoking is leading to the growth of these illnesses. In the U.S. alone, smoking claims the lives of about 480,000 deaths each year. Respiratory care devices help in bettering the lives of individuals through efficient monitoring of oxygen levels, and faster diagnosis of diseases. The added focus on home-based healthcare, coupled with the advancement in medical technology that is increasing the portability of these devices is leading to the growth of the global respiratory care devices market.

The COVID-19 pandemic has severely hampered normal lives across the globe. Currently, over 64.2 million individuals have been infected by coronavirus worldwide, based on governmental sources. Also, the virus has claimed the lives of over 1.49 million individuals. Shortness of breath, which is known as dyspnea in medical terminology, is commonly associated with the SARS-CoV-2, which is responsible for causing COVID-19. Individuals affected by the virus have reported shortness of breath, and many have been left gasping for air in more advanced cases. Based on United States' Centers for Disease Control and Prevention (CDC) authority, around 31% to 40% patients who were tested positive for the virus experienced severe shortness of breath. This condition occurs because the COVID-19 virus is responsible for disrupting normal oxygen transfer in the human body. The battle between the immune system, which is helped by the white blood cells, and the virus leads to the formation of pus. Pus consists of excess fluid and dead cells, which blocks the respiratory tract, thereby leading to coughing and shortage of breath. To relieve the breathing troubles in COVID-19 positive patients, ventilators are being used in healthcare facilities. Ventilators help in making the lungs function normally, and government bodies are increasingly trying to procure more ventilators to deal with the surge in COVID-19 cases in countries like the U.S., Brazil, etc. Globally, studies show that around an additional 880,000 ventilators would be required to cater to the needs of COVID-19 patients. Among these, the U.S. alone requires about 75,000 ventilators. Ventilator manufacturers are increasingly ramping up production to meet the growing demand for both invasive and non-invasive ventilators. Furthermore, there is also a higher demand for protective masks to keep the virus at bay. Government bodies are increasingly encouraging individuals to use a respiratory mask to prevent the transfer of fluids while speaking and breathing. In India, for instance, several states are imposing fines on individuals who are refusing to wear masks in public. Scientists from India stated that N-95 masks are the most effective for combating the COVID-19 pandemic. The surge in demand for respiratory care equipment such as ventilators during the pandemic is helping in the rapid growth of the global respiratory care devices market.

The term Respiratory Care Devices Market is determined by a number of variables, including forward/backward integration, economies of scale, the proportion of different distribution channels, variables influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. The stakeholders in the industry will most likely find this knowledge useful, and it might even motivate them to act.

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Respiratory Care Devices Market Competitive Landscape:

The prominent companies in the Respiratory Care Devices Market are:

3M,

Air LiquideMedical Systems,

Allied Healthcare Products, Inc.,

APEX MEDICAL CORP.,

BD (CareFusion),

Drägerwerk AG & Co. KGaA,

Drive DeVilbiss International,

Fisher & Paykel Healthcare Limited,

GENERAL ELECTRIC COMPANY,

Getinge AB,

Hamilton Medical,

Invacare Corporation,

Koninklijke Philips N.V.,

Masimo,

McKesson Medical-Surgical Inc.,

Medtronic,

Nihon Kohden Corporation,

Nonin,

Omron Healthcare, Inc.,

ResMed,

Salter Labs,

Smiths Group plc.,

Sunset Healthcare Solutions Inc,

Teleflex Incorporated,

VYAIRE MEDICAL, INC.,

Impact of COVID-19:

This article makes observations about COVID-19 consumer behavior, demand shifts, shopping patterns, supply chain restructuring, market forces dynamics, and significant government engagement. The new report offers further information, analysis, projections, and estimates about the impact of COVID-19 on the markets.

Reasons to Buy the Report:

  • The newly revised, 405+ page books provide an in-depth investigation of the COVID-19 virus and pandemic. You can gain knowledge on subjects like regional impact analysis, worldwide prediction, competitive landscape analysis, and size & share of regional markets by using industry data and expert interviews.
  • The free sample contains details about the market size, key players, profitability analysis, SWOT analysis, historical and projected statistics, growth Porter's Five Forces analysis, revenue forecasts, industry trends, and financial ratios. Along with evaluations from Absolute Market Insights for various countries and regions, the study also provides thorough analyses of the major variables influencing the market's growth.
  • The Sample Report provides readers with a competitive edge by providing more information on the important market players, such as their sales volume, company strategy, and revenue analysis.

Key Benefits of Global Respiratory Care Devices Market Report:

  • The research on global Respiratory Care Devices Market trends include extensive investigations of the past and future.
  • The Global Respiratory Care Devices Market Growth Research Report offers comprehensive data on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
  • Research on global Respiratory Care Devices Market trends helps with identifying business prospects.

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Respiratory Care Devices Market Regional Insights

Based on geography, the North American region accounted for the highest share in the global respiratory care devices market in 2019. The presence of a large number of healthcare facilities in U.S. and Canada that make use of the advanced respiratory care devices such as non-invasive ventilators, Positive Airway Pressure (PAP) devices, respiratory monitors, etc., is heavily influencing the higher share of the region in the global respiratory care devices market. Apart from the healthcare facilities, the U.S. and Canada is home to a large number of old age nursing facilities. The geriatric population may require various care devices such as nebulizers, breathing tubes, pulse oximeters, etc., for breathing normally and checking oxygen levels constantly. Furthermore, the U.S. also has the presence of prominent respiratory care device providers such as 3M, BD, General Electric Company, Hamilton Medical, McKesson and Omron, amongst others. Individuals in these countries are highly aware regarding the need for respiratory care equipment for tacking respiratory conditions such as asthma and Chronic Obstructive Pulmonary Disease (COPD). In the U.S., for instance, around 25 million are currently affected by asthma and approximately 14.8 million are victims of COPD. These call for the use of respiratory care devices to ensure the normal functioning of these individuals. However, the APAC region is expected to show the highest growth during the forecast years in the global respiratory care devices market. The added emphasis on respiratory illness in the region, coupled with the deterioration of air quality in countries like India, Malaysia, China, etc., that is leading to the degradation of respiratory health in individuals is expected to fuel to this growth.

The study provides a thorough investigation of numerous factors, such as the expansion of the Respiratory Care Devices Market in significant geographic areas. North America, Europe, Asia-Pacific, and Latin America are the principal geographical areas that the study addresses.

Why the Respiratory Care Devices Market Report is Beneficial?

  • The Respiratory Care Devices Market study was put together using a thorough and modern research approach.
  • The research contains a considerable amount of data on the most current product and technology advancements in the Respiratory Care Devices Market and offers a comprehensive assessment of the market competition for the Respiratory Care Devices Market
  • The wide range of evaluations on how these upgrades may affect the further growth of Respiratory Care Devices Market
  • The research report for the Respiratory Care Devices Market study contains in-depth historical information and analysis.
  • The Respiratory Care Devices Market report's insights are easily understood and include graphical representations of the data in the form of bar graphs, statistics, pie charts, etc.

Respiratory Care Devices Market Segmentation:

Within the Respiratory Care Devices Market market, various groupings have been formed depending on the product kind and usage. The share and growth rate of each market segment are assessed. The experts have also investigated possible areas that can profit the producers in the upcoming years. The geography analysis provides accurate volume and value forecasts, assisting market participants in fully understanding the overall industry.

Global Respiratory Care Devices Market:

  • By Offering
    • Products
      • Therapeutic Devices
        • Positive Airway Pressure (PAP) Devices
          • Continuous Positive Airway Pressure (CPAP)
          • Bi-level Positive Airway Pressure (BiPAP)
          • Automatic Positive Airway Pressure (APAP)
        • Ventilators
          • Invasive
          • Non-invasive
        • Nebulizers
        • Humidifiers
        • Oxygen Concentrators
        • Inhalers
        • Reusable Resuscitators
      • Others
      • Monitoring Devices
        • Pulse Oximeters
        • Capnographs
        • Gas Analyzers
      • Diagnostic Devices
        • Spirometers
        • Polysomnography (PSG) Devices
        • Peak Flow Meters
        • Others
      • Consumables and Accessories
        • Masks
        • Disposable
        • Reusable
        • Tubes
        • Breathing Circuits
        • Resuscitator
        • Others
    • Services
  • By Type
    • Portable
    • Non-Portable
  • By End-Users
    • Hospitals and Clinics
    • Research Labs
    • Elderly Care Centers
    • Home-Care
    • Others
  • By Health Condition
    • Chronic Obstructive Pulmonary Disease (COPD)
    • Asthma
    • Infectious Diseases
    • Sleep Apnea
    • Others
  • By Sales Channel
    • Online
    • Company Website
    • Third-party Websites
  • Offline

Global Respiratory Care Devices Market by Region Respiratory Care Devices Market

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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