Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Growth Outlook Indicating Expansion To $27.09 Billion By 2030
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How Much Larger Will The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Become By 2030 Compared To 2026?
The market size for respiratory devices and equipment (therapeutic and diagnostic) has seen rapid expansion in recent years. It is forecast to increase from $13.62 billion in 2025 to $15.34 billion in 2026, registering a compound annual growth rate (CAGR) of 12.7%. In the past, this growth was primarily driven by the rising prevalence of chronic respiratory disorders, the expansion of hospital respiratory care units, a growing demand for long-term oxygen therapy, advancements in ventilator technology, and the increasing use of non-invasive respiratory support.
The market size for respiratory devices and equipment (therapeutic and diagnostic) is anticipated to undergo rapid expansion in the upcoming years. It is predicted to surge to $27.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.3%. This projected growth during the forecast period is primarily driven by the increasing demand for homecare respiratory solutions, the rising adoption of connected respiratory devices, the broadening of tele-respiratory care services, escalating investments in advanced ventilatory technologies, and a sustained focus on patient-centric respiratory management. Significant trends within the forecast period include the increasing uptake of integrated diagnostic and therapeutic respiratory systems, the growing deployment of home-based respiratory care devices, the expanding use of smart ventilation and oxygen therapy equipment, the proliferation of continuous respiratory monitoring solutions, and an enhanced emphasis on managing chronic respiratory diseases.
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What Important Drivers Are Powering The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Growth?
The growing occurrence of diverse respiratory illnesses is projected to boost the expansion of the respiratory devices and equipment (therapeutic and diagnostic) market moving ahead. These conditions are health issues impacting the lungs and air passages, hindering regular respiration and oxygen transfer because of inflammation, infections, blockages, or lasting structural damage. The rising incidence of these conditions stems from an expanding worldwide burden of ailments that gradually diminish pulmonary function and heighten populations’ susceptibility to enduring respiratory issues. Such devices and equipment aid in managing respiratory diseases by facilitating better airflow, augmenting oxygen supply, and allowing for more precise monitoring of lung performance to maintain patient well-being. As an illustration, in June 2025, the World Health Organization, an entity located in Switzerland, reported that 81.7 million individuals are currently affected by chronic respiratory diseases, with an additional 6.8 million receiving a new diagnosis annually. Consequently, the escalating occurrence of various respiratory diseases acts as a key driver for the respiratory devices and equipment (therapeutic and diagnostic) market.
How Does Segment Analysis Break Down The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Structure?
The respiratory devices and equipment (therapeutic and diagnostic) market covered in this report is segmented –
1) By Type: Diagnostic devices, Therapeutic devices, Monitoring devices
2) By Application: Chronic Obstructive Pulmonary Disease (COPD), Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, Pneumonia
3) By End User: Hospitals, Clinics, Homecare settings, Ambulatory service centers
Subsegments:
1) By Diagnostic Devices: Spirometers, Pulse Oximeters, Arterial Blood Gas (ABG) Analyzers, Capnometers, Peak Flow Meters
2) By Therapeutic Devices: Nebulizers, Inhalers (Metered-Dose Inhalers, Dry Powder Inhalers), Positive Airway Pressure (PAP) Devices, Oxygen Concentrators, Ventilators
3) By Monitoring Devices: Respiratory Rate Monitors, Blood Oxygen Saturation Monitors, Capnography Monitors, Pulmonary Function Monitors
What Trends Are Shaping The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Structure?
Leading firms operating in the respiratory devices and equipment (therapeutic and diagnostic) market are developing advanced technological offerings, such as VitaloPFT series, to enhance their market profitability. The VitaloPFT Series encompasses a range of pulmonary function testing devices. For instance, in March 2023, Vitalograph Ltd., a US-based respiratory medical devices company, launched its respiratory VitaloPFT series. This series is engineered to provide high-quality, accurate, and dependable respiratory medical equipment and services, primarily intended for use in secondary care settings. Hospitals and other secondary care facilities in need of intricate respiratory diagnostic solutions can acquire advanced diagnostic solutions from the VitaloPFT Series.
Which Firms Are Competing In The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
Major companies operating in the respiratory devices and equipment (therapeutic and diagnostic) market are Smiths Medical Inc., Philips Healthcare, GE Healthcare, Chart Industries Inc., Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed Inc., Koninklijke Philips N.V., Dragerwerk AG, Medtronic plc, Masimo Corp., CareFusion Corporation, Compumedics Limited, Becton Dickinson and Company, Hamilton Medical, Mindray Medical International Limited, Vyaire Medical Inc., Getinge AB, AirSep Corporation, Breas Medical AB, Hill-Rom Holdings Inc., Inogen, Shenzhen Mindray Bio-Medical Electronics Co., Linde plc, DeVilbiss Healthcare LLC, Nihon Kohden Corporation, Nonin Medical Inc., O2 Concepts LLC, Precision Medical Inc., Pulmodyne Inc., Salter Labs Inc., Sechrist Industries Inc., Teleflex Inc., Ventec Life Systems, VitalAire, Weinmann Emergency Medical Technology GmbH + Co. KG, ZOLL Medical Corporation
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Which Regional Market Leads The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market?
Asia-Pacific was the largest region in respiratory devices and equipment (therapeutic and diagnostic) market in 2025. Western Europe was the second-largest region in respiratory devices and equipment (therapeutic and diagnostic) market. The regions covered in the respiratory devices and equipment (therapeutic and diagnostic) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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