03-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Therapeutic Respiratory Devices Market by Product Type (Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers), by Technology (Electrostatic Filtration, HEPA filter technology, Hollow fiber filtration, and Microsphere separation), by Filter (Nebulizer filters, Humidifier filters, Positive airway pressure devices filter, Oxygen concentrator filters, and Ventilator filters), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global therapeutic respiratory devices market in 2019 was approximately USD 10.64 Billion. The market is expected to grow at a CAGR of 9.10% and is anticipated to reach around USD 19.59 Billion by 2026.
The market for therapeutic respiratory devices is facing immense demands around the globe as a result of the growing need for ventilators due to increasing cases of COVID-19. For instant, in Italy, hospitals have been overwhelmed by patients suffering from respiratory failure, and medical staff are having to make difficult life-or-death decisions about which patients receive ventilators. Growing geriatric population base, increasing prevalence of respiratory diseases, and rapid technological advances are factors driving market growth. In addition, increased adoption of therapeutic respiratory devices, such as humidifiers, nebulizers and oxygen concentrators, is expected to fuel market growth. Also, today, governments around the world are playing catch-up, responding quickly to an attempt to build alliances with manufacturers to deal with the threat of COVID-19. Global enforcement bodies are now seeking the rapid clearance of such respiratory devices. All these factors are creating opportunities for the vendors and manufacturers across the globe.
Browse the full “Therapeutic Respiratory Devices Market by Product Type (Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers), by Technology (Electrostatic Filtration, HEPA filter technology, Hollow fiber filtration, and Microsphere separation), by Filter (Nebulizer filters, Humidifier filters, Positive airway pressure devices filter, Oxygen concentrator filters, and Ventilator filters), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/therapeutic-respiratory-devices-market-by-product-type-nebulizers-1275
Report Scope
Report Attributes |
Details |
Market Size in 2019 |
USD 10.64 Billion |
Projected Market Size in 2026 |
USD 19.59 Billion |
Growth Rate |
CAGR 9.10% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
GE Heathcare, Chart industries, Carefusion Corporation, Philips Healthcare, Smiths Medical, Covidien PLC, Invacare,Fisher and Paykel, Mindray, and Compumedics Ltd. Key operating players in the global therapeutic respiratory devices market are aiming towards the mergers and acquisitions in order to get competitive edge in the market. |
Key Segment |
By Product Type, By Technology, By Filter, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The global therapeutic respiratory devices market is segmented on the basis of product type, technology, filter, and region. On the basis of product type the target market is categorized into nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices, ventilators, capnographs, and gas analyzers. Based upon technology segment the target market is divided into electrostatic filtration, hepa filter technology, hollow fiber filtration, and microsphere separation. The target market is sub segmented into nebulizer filters, humidifier filters, positive airway pressure devices filter, and oxygen concentrator filters, and ventilator filters on the basis of filter.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2020-2026. This is attributed growing incidences of COVID -19, availability of reimbursement in U.S. health centers accounts, increased awareness of healthcare, increased number of outpatient surgeries, and economic growth in the region. Asia Pacific is anticipated to grow at significant CAGR in the near future. The growth in the Asia Pacific countries is owing to rising prevalence of asthma in adults as well as children and technological advancements in the countries of the Asia Pacific.
Key players operating in the therapeutic respiratory devices market not restricted to include GE Heathcare, Chart industries, Carefusion Corporation, Philips Healthcare, Smiths Medical, Covidien PLC, Invacare,Fisher and Paykel, Mindray, and Compumedics Ltd. Key operating players in the global therapeutic respiratory devices market are aiming towards the mergers and acquisitions in order to get competitive edge in the market.
This report segments the therapeutic respiratory devices market as follows:
Global Therapeutic Respiratory Devices Market: By Product Type
- Nebulizers
- Humidifiers
- Oxygen Concentrators
- Positive Airway Pressure Devices
- Ventilators
- Capnographs
- Gas Analyzers
Global Therapeutic Respiratory Devices Market: By Technology
- Electrostatic Filtration
- HEPA filter technology
- Hollow fiber filtration
- Microsphere separation
Global Therapeutic Respiratory Devices Market: By Filter
- Nebulizer filters
- Humidifier filters
- Positive airway pressure devices filter
- Oxygen concentrator filters
- Ventilator filters
Global Therapeutic Respiratory Devices Market: Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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