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By 2030, the market for therapeutic respiratory devices is anticipated to reach USD 28.9 billion, growing at a CAGR of 7.15% from 2023 to 2030.
Therapeutic respiratory devices are mostly utilised during respiratory therapeutic treatments to help clear the airways of mucus and perform therapies to improve pulmonary functions. These kinds of equipment are used to help with respiratory issues. Bronchitis, respiratory obstructory pulmonary disease, sleep disturbances, asthma, and other chronic illnesses are examples of the ailments. The availability of such devices allows for the provision of point-of-care support during emergencies. These devices include mobile respiratory units used in home healthcare settings, portable respiratory units, and intensive care units. Therapeutic respiratory devices are employed when improving and facilitating respiratory functions in children during postnatal care due to their use in several applications.
The recent rise in the number of elderly persons has had a favourable effect on the global market for therapeutic respiratory equipment. The market is expanding due to the rising prevalence of respiratory illnesses. Additionally, the COVID 19 outbreak has positively benefited the market because to the rise in cases. In addition, rising cigarette smoking rates and excessive pollution levels are driving the market's expansion. Additionally, the market is being driven by nose and chest injuries that result in respiratory issues because of growing exposure to accidents and airborne infections. Over the course of the projected period, it is anticipated that the introduction of smart inhalers would present attractive growth prospects for the market.
Because there is a significant underdiagnosed and undertreated population as a result of lack of knowledge, the development of therapeutic respiratory devices is to some extent constrained. The market has seen a shortage of reimbursements for certain diagnostic procedures.
Report Coverage
Global Therapeutic Respiratory Devices research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Therapeutic Respiratory Devices report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Therapeutic Respiratory Devices competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Therapeutic Respiratory Devices market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Therapeutic Respiratory Devices market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Therapeutic Respiratory Devices market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Becton, Dickinson and Company, Getinge AB, Fisher & Paykel Healthcare Limited, GE Healthcare, Draegerwerk AG & CO.KGAA, Invacare Corporation, Medtronic, Koninklijke Philips N.V.3, ResMed, Smiths Medical
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Therapeutic Respiratory Devices market based on the below-mentioned segments:
Global Therapeutic Respiratory Devices Market, By Product
Global Therapeutic Respiratory Devices market, By Technology
Global Therapeutic Respiratory Devices Market, By Filter
Global Therapeutic Respiratory Devices market, Regional Analysis
Therapeutic respiratory devices are mostly utilised during respiratory therapeutic treatments to help clear the airways of mucus and perform therapies to improve pulmonary functions. These kinds of equipment are used to help with respiratory issues. Bronchitis, respiratory obstructory pulmonary disease, sleep disturbances, asthma, and other chronic illnesses are examples of the ailments. The availability of such devices allows for the provision of point-of-care support during emergencies. These devices include mobile respiratory units used in home healthcare settings, portable respiratory units, and intensive care units. Therapeutic respiratory devices are employed when improving and facilitating respiratory functions in children during postnatal care due to their use in several applications.
The recent rise in the number of elderly persons has had a favourable effect on the global market for therapeutic respiratory equipment. The market is expanding due to the rising prevalence of respiratory illnesses. Additionally, the COVID 19 outbreak has positively benefited the market because to the rise in cases. In addition, rising cigarette smoking rates and excessive pollution levels are driving the market's expansion. Additionally, the market is being driven by nose and chest injuries that result in respiratory issues because of growing exposure to accidents and airborne infections. Over the course of the projected period, it is anticipated that the introduction of smart inhalers would present attractive growth prospects for the market.
Because there is a significant underdiagnosed and undertreated population as a result of lack of knowledge, the development of therapeutic respiratory devices is to some extent constrained. The market has seen a shortage of reimbursements for certain diagnostic procedures.
Report Coverage
Global Therapeutic Respiratory Devices research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Therapeutic Respiratory Devices report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Therapeutic Respiratory Devices competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Therapeutic Respiratory Devices market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Becton, Dickinson and Company, Getinge AB, Fisher & Paykel Healthcare Limited, GE Healthcare, Draegerwerk AG & CO.KGAA, Invacare Corporation, Medtronic, Koninklijke Philips N.V.3, ResMed, Smiths Medical |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Therapeutic Respiratory Devices Market from 2021 to 2030.
- Market Forecast for Therapeutic Respiratory Devices Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Therapeutic Respiratory Devices competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Therapeutic Respiratory Devices
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Therapeutic Respiratory Devices market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Therapeutic Respiratory Devices market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Becton, Dickinson and Company, Getinge AB, Fisher & Paykel Healthcare Limited, GE Healthcare, Draegerwerk AG & CO.KGAA, Invacare Corporation, Medtronic, Koninklijke Philips N.V.3, ResMed, Smiths Medical
Primary Target Market
- Market Players of Therapeutic Respiratory Devices
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Therapeutic Respiratory Devices market based on the below-mentioned segments:
Global Therapeutic Respiratory Devices Market, By Product
- 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
- Nebulizers filters
- Humidifier filters
- Positive airway pressure devices filter
- Oxygen concentrator filters
- Ventilators filters
Global Therapeutic Respiratory Devices market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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