According to the current analysis of Reports and Data, the global Respiratory Care Equipment Market valued at USD 18.41 Billion in 2019 and is expected to reach USD 37.04 billion by the year 2027, at a CAGR of 9.0%. Respiratory Care Equipment are increasingly used in the treatment, monitoring, and diagnosis of respiratory disorders. These devices are given to the patients to improve the treatment process.
An important aspect driving the industry is the rise in lifestyle behaviours including smoking, drinking, and an increase in the population of seniors. Market expansion is further encouraged by technological developments for new technologies, regulatory clearances, and product launches. Dust, climate change, and the prevalence of air pollution are all contributing to the market's expansion. All across the world, respiratory disorders are becoming more and more common. According to the WHO, the main causes of mortality and disability worldwide in 2017 were respiratory disorders. The third biggest cause of death worldwide, chronic obstructive pulmonary disease (COPD) affects close to 65 million individuals and is predicted to cause 3 million deaths annually. Moreover, approximately 334 million people suffer from asthma, the most common chronic disease of childhood, affecting 14% of all children globally.
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Further key findings from the report suggest
- In the year 2018, Convexity Scientificlaunched its Flyp nebulizer for COPD and asthma patients it is a held handheld, the pocket-sized device was approved by the FDA in the year 2017. Convexity's nebulizer comprises an internal vibrating disk that produces an inhaled aerosol mist to deliver medication deep into patients' lungs.
- CAIRE, in the year 2019, launched FreeStyle, it is a portable oxygen concentrator. It is being designed to deliver oxygen bolus as the user's respiratory rate. FreeStyle Comfort is designed to be comfortable for wear due to its unique ergonomic design. It has also met FAA guidelines for use on commercial air flights and also offers wireless connectivity.
- Masimo, in the year 2017, received an FDA 510(k) clearance for Rad-97 pulse co-oximeter and had launched it in the US. Rad-97 consists of a multi-touch display, a small footprint, and easy configuration; it also comprises of WiFi and supported Bluetooth wireless connections to related compatible devices like thermometers, glucometers, and weight scales.
- Medtronic in the year 2019, announced the complete acquisition with Klue. Klue's technology is expected include the Medtronic Personalized Closed Loop (PCL) insulin pump system. Klue's has a unique early meal detection technology that can help in transforming diabetes care; this is expected to be a huge opportunity for Medtronic in diabetes care.
Competitive Outlook of the Global Respiratory Care Equipment Market
The globla Respiratory Care Equipment market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Respiratory Care Equipment market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Philips Healthcare (Netherlands), ResMed Inc. (US), Medtronic plc (Ireland), Masimo Corporation (US), Fisher Paykel Healthcare Corporation Limited (New Zealand), Chart Industries (US), Drager AG (Germany), Invacare Corporation (US), Getinge AB (Sweden), Air Liquide (France), Hamilton Medical AG (Switzerland), Vyaire Medical (US), GE Healthcare (US), Nonin Medical Inc. (US), Apex Medical Corp. (Taiwan), Smiths Group (UK), Omron Healthcare Inc. (US), Allied Healthcare Products, Inc. (US), Teleflex Incorporated (US), DeVilbiss Healthcare LLC (US), Convexity Scientific (US), CAIRE (US), Oventus Medical's (Australia).
Respiratory Care Equipment Market Segmentation:
Products Outlook (Revenue in Million USD; 2017–2027)
- Therapeutic Devices
- PAP Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- Automatic PAP (APAP) Device
- Bi-Level PAP (BPAP) Devices
- Ventilators
- ICU Ventilators
- High-end ICU Ventilators
- Mid-end ICU ventilators
- Basic ICU Ventilators
- Portable/Transportable Ventilators
- Nebulizers
- Humidifiers
- Heated Humidifiers
- Passover Humidifiers
- Oxygen Concentrators
- Fixed Oxygen Concentrators
- Portable Oxygen Concentrators
- Inhalers
- Metered Dose Inhalers (MDIs)
- Dry Powder Inhalers (DPIs)
- Reusable Resuscitators
- Adult Resuscitators
- Infant/Neonatal Resuscitators
- Nitric Oxide Delivery Units
- Oxygen Hoods
- Monitoring Devices
- Pulse Oximeters
- Pulse oximeter sensors
- Pulse Oximeter equipment
- Capnographs
- Gas Analyzers
- Diagnostic Devices
- Spirometers
- Polysomnography Devices
- Peak Flow Meters
- Other Diagnostic Devices
- Consumables and Accessories
- Masks
- Reusable Masks
- Nasal Masks
- Full-face Masks
- Nasal pillow masks
- Oral Masks
- Disposable Masks
- Disposable Resuscitators
- Breathing Circuits
- Tracheostomy Tubes
- Nasal Cannulas
- Others
Indications Outlook (Revenue in Million USD; 2017–2027)
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Sleep Apnea
- Infectious Disease
- Lung Cancer
- Tuberculosis
- Idiopathic Pulmonary Fibrosis
End Use Outlook (Revenue in Million USD; 2017–2027)
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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