The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The respiratory disposables market has undergone a significant expansion, catapulting from $3.08 billion in 2023 to an anticipated $3.42 billion in 2024, showcasing an impressive compound annual growth rate (CAGR) of 11.0%. The momentum continues, with forecasts predicting robust growth to reach $5.04 billion by 2028, propelled by a CAGR of 10.2%. Let’s unravel the key drivers and trends shaping this dynamic sector.

Driving Forces Behind the Surge

1. Historic Period Drivers:

• Prevalence of respiratory conditions
• Emphasis on infection control
• Aging population
• Evolution of respiratory therapies

2. Forecast Period Drivers:

• Minimally invasive respiratory procedures
• Growth in emerging markets
• Telehealth and remote monitoring
• Shift towards value-based healthcare

3. Major Trends in the Forecast Period:

• Eco-friendly disposables
• Customized solutions
• Remote monitoring and data integration
• Advanced filter technology

Telehealth Ignites Market Growth

The increasing demand for telehealth is acting as a catalyst for the expansion of the respiratory disposables market. Telehealth, leveraging telecommunications technology, facilitates remote healthcare services, including virtual consultations for respiratory conditions. This surge in telehealth is evident in the data, with a 7.3% national rise in telehealth use from December 2022 to January 2023, as reported by FAIR Health Inc. This uptick in virtual consultations is fueling the demand for respiratory disposables such as masks, nebulizers, and inhalers.

Major Companies in the Market:

• Fisher & Paykel Appliances Holdings Ltd.
• Becton Dickinson Company
• Ambu A/S
• Smiths Medical Inc.
• Teleflex Incorporated
• Philips Respironics
• ResMed
• Mercury Medical
• SunMed LLC
• GF Health Products Inc.
• Medline Industries Inc.
• Westmed Inc.
• Intersurgical Ltd.

Innovative Technologies Reshaping Manufacturing

The landscape of respiratory disposable manufacturing is witnessing a revolution fueled by technological advances. Key areas of development include AIR gel technology, wearable technologies, and 3D printing. These innovations enhance productivity, reduce costs, and elevate margins. AIR gel technology, incorporating gel into the mask edges, is gaining prominence for skin protection and effective sealing. Examples like Vyair Medical’s Veraseal 2 disposable mask and Sleepnet’s Mojo ventilation masks with Airgel technology showcase the transformative impact on respiratory disposables.

Strategic Acquisition Expands Portfolio

1. Medline’s Acquisition of Hudson RCI:

• In 2021, Medline acquired the Hudson RCI brand of respiratory consumables from Teleflex.
• This strategic move enhances Medline’s respiratory product portfolio, fostering additional opportunities for growth.
• The acquisition broadens Medline’s respiratory environment, offering customers access to high-quality Hudson RCI products.

Segmentation of the Respiratory Disposables Market

1. Type:
   • Masks
   • Tubes
   • Inhalers
   • Other Types
2. Disease Indications:
   • Asthma
   • Chronic Obstructive Pulmonary Disorder
   • Tuberculosis
   • Lung Cancer
   • Other Chronic Respiratory Diseases
3. Application:
   • Adult
   • Pediatric & Neonatal
4. End User:
   • Hospitals
   • Clinics
   • Ambulatory Care Centers
   • Other End Users

Geographical Dominance

In 2023, Asia-Pacific emerged as the largest region in the global respiratory disposables and equipment market, signifying the region’s prominence in the industry.

In conclusion, the respiratory disposables market’s trajectory reflects a confluence of technological innovation, increasing demand for telehealth, and strategic acquisitions. As the industry moves forward, embracing trends like eco-friendly disposables and advanced filter technology, it holds the promise of delivering enhanced respiratory care on a global scale.

View More On The Respiratory Disposables Market Report 2024 – https://www.thebusinessresearchcompany.com/report/respiratory-disposables-global-market-report

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