The Business Research Company’s 2026 market reports include new capabilities such as market attractiveness scoring and analysis, total addressable market analysis, company scoring matrix, interactive excel data dashboard, improved supply chain analysis, upcoming startups in the market, and overview of key products, aimed at improving the depth, usability, and strategic value of the insights delivered.
How Large Is The Respiratory Devices And Equipment (Therapeutic) Market Projected To Become By 2030 Based On Its 2026 Valuation?
The respiratory devices and equipment (therapeutic) market size has experienced significant growth in recent years. This market is anticipated to expand from $23.68 billion in 2025 to $25.59 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.0%. Historically, this expansion has been driven by the increasing prevalence of chronic respiratory diseases, a rise in hospital admissions for respiratory disorders, the broadening use of homecare medical equipment, the advent of advanced ventilator technologies, and the growing aging population.
The market for respiratory devices and equipment (therapeutic) is projected to experience substantial expansion over the upcoming years. Its value is forecast to reach $35.19 billion in 2030, progressing at a compound annual growth rate (CAGR) of 8.3%. This anticipated growth is driven by factors such as a heightened demand for remote patient monitoring solutions, the increasing embrace of home-based respiratory care, increased investments in smart medical devices, the broadening of telehealth-supported respiratory therapies, and a greater emphasis on early disease management. Key trends during this period are expected to encompass the growing uptake of connected respiratory devices, an increasing need for portable and homecare respiratory equipment, the expanded integration of smart monitoring capabilities, advancements in non-invasive ventilation technologies, and a stronger focus on designs centered around patient needs.
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What Primary Drivers Are Shaping The Development Of The Respiratory Devices And Equipment (Therapeutic) Market?
A projected increase in the number of smokers is anticipated to propel the expansion of the respiratory devices and equipment (therapeutic) market moving forward. Smokers refer to individuals who engage in consuming tobacco products, such as cigarettes, cigars, or pipes. Respiratory devices and equipment (therapeutic), including items like inhalers and nebulizers, are utilized by smokers to help manage respiratory illnesses such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, and lung cancer. For instance, in March 2024, as per Statistics Canada, the total count of cigarettes sold in Canada amounted to 1.1 billion, which represented a 24.0% decline when compared to March 2023. Consequently, the rising number of smokers drives the growth of the respiratory devices and equipment (therapeutic) market.
What Segment Groups Are Identified Within The Respiratory Devices And Equipment (Therapeutic) Market?
The respiratory devices and equipment (therapeutic) market covered in this report is segmented –
1) By Product: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers
2) By Technology: HEPA Filter, Electrostatic Filtration, Microsphere Separation, Hollow Fiber Filtration, Other Technologies
3) By End-User: Homecare settings, Hospitals
Subsegments:
1) By Nebulizers: Pneumatic Nebulizers, Ultrasonic Nebulizers, Mesh Nebulizers
2) By Humidifiers: Bubble Humidifiers, Passover Humidifiers, Evaporative Humidifiers, Hot-Wire Humidifiers
3) By Oxygen Concentrators: Portable Oxygen Concentrators, Stationary Oxygen Concentrators
4) By Positive Airway Pressure Devices: Continuous Positive Airway Pressure (CPAP), Auto-Adjusting Positive Airway Pressure (APAP), Bi-Level Positive Airway Pressure (BiPAP)
5) By Ventilators: Non-invasive Ventilators, Invasive Ventilators, Transport Ventilators, ICU Ventilators
6) By Capnographs: Mainstream Capnographs, Sidestream Capnographs
7) By Gas Analyzers: Oxygen Analyzers, Carbon Dioxide Analyzers, Nitrous Oxide Analyzers, Multi-Gas Analyzers
What Trends Are Advancing Progress In The Respiratory Devices And Equipment (Therapeutic) Market?
Companies operating within the respiratory devices and equipment (therapeutic) market are focusing on product innovation, such as the VitaloPFT series, to offer reliable services to customers. The VitaloPFT series is utilized as therapeutic respiratory devices and equipment for diagnosing, monitoring, and managing patient’s respiratory health in the most effective and efficient manner possible. For instance, in March 2023, Vitalograph Ltd., a UK-based manufacturer of respiratory medical devices, launched the VitaloPFT series. This VitaloPFT series is a system designed to provide advanced respiratory diagnostic solutions to hospitals and other secondary care units that require complex pulmonary function testing. The VitaloPFT series incorporates the VitaloROV+, a portable pulmonary function testing (PFT) device that delivers accurate point-of-care testing to patients.
Which Companies Hold Significant Positions In The Respiratory Devices And Equipment (Therapeutic) Market?
Major companies operating in the respiratory devices and equipment (therapeutic) market are Hamilton Medical AG, Koninklijke Philips N.V., Smiths Medical, GE Healthcare, Philips Healthcare, Chart Industries Inc., Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed Inc., Drägerwerk AG & Co. KGaA, Medtronic plc, Masimo Corporation, CareFusion Corporation, Getinge AB, Hill-Rom Holdings Inc., Becton Dickinson and Company, Air Liquide S.A., Vyaire Medical Inc., Compumedics Limited, Covidien plc, Mindray Medical International Limited, Inogen Inc., Nihon Kohden Corporation, Siemens Healthcare GmbH, Teleflex Incorporated, Breas Medical AB, AirSep Corporation, Rotech Healthcare Inc., 3B Medical Inc.
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How Does The Respiratory Devices And Equipment (Therapeutic) Market Perform Across Major Global Regions?
Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic) market in 2025. Western Europe was the second-largest region in the respiratory devices and equipment (therapeutic) market. The regions covered in the respiratory devices and equipment (therapeutic) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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