Key Insights into the Respiratory Devices And Equipment (Therapeutic) Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theRespiratory Devices And Equipment (Therapeutic) Market?
The increasing prevalence of respiratory conditions such as chronic obstructive pulmonary disease (COPD) and sleep apnea is driving the growth of the therapeutic respiratory devices and equipment market. According to the World Health Organization, 1 million people die annually due to COPD caused by smoking, and 65 million people suffer from moderate to severe COPD. The National Health Interview Survey estimates 22 million Americans suffer from sleep apnea, with 80% of cases undiagnosed. As the geriatric population faces a higher incidence of COPD and sleep apnea, the demand for respiratory devices continues to rise.
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#How Will the CAGR of the Respiratory Devices And Equipment (Therapeutic) Market Influence Its Overall Growth by 2034?
The respiratory devices and equipment (therapeutic) market size has grown strongly in recent years. It will grow from $21.07 billion in 2024 to $23.04 billion in 2025, at a compound annual growth rate (CAGR) of 9.3%. This growth is driven by the rising prevalence of respiratory diseases, the aging population, technological advancements in respiratory therapies, and improvements in disease management.
The respiratory devices and equipment (therapeutic) market is anticipated to see strong gains, projected to grow to $32.93 billion by 2029 at a CAGR of 9.3%. Drivers include chronic respiratory conditions, telemedicine adoption, and technological breakthroughs in COPD treatment. Major trends include digital monitoring solutions, advanced ventilatory support, rehabilitation tools, and telehealth implementation.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theRespiratory Devices And Equipment (Therapeutic) Market?
In the therapeutic respiratory devices market, AI is being used to develop advanced respiratory devices for treating asthma and COPD. These devices include sensor-equipped inhalers that help patients track their medication intake. These sensors are durable, power-efficient, and can alert patients and doctors to any irregularities in respiration. Some companies are also developing AI-powered imaging systems and platforms that act as voice biomarkers. For example, in March 2022, Respira Labs, a US-based respiratory technology company, launched the AI-powered wearable lung monitor ‘Sylvee,’ which uses acoustic resonance to assess lung function and detect variations.
What Are the Major Market Players Making an Impact on theRespiratory Devices And Equipment (Therapeutic) Market Growth?
Major companies operating in the respiratory devices and equipment (therapeutic) market include 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.
How Are the Key Segments of the Respiratory Devices And Equipment (Therapeutic) Market Driving Opportunities and Innovations?
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
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theRespiratory Devices And Equipment (Therapeutic) Market?# Market Expansion?
Asia-Pacific was the largest region in the respiratory devices and equipment (therapeutic) market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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