The Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2024, The respiratory devices and equipment (therapeutic and diagnostic) market size has grown rapidly in recent years. It will grow from $32.89 billion in 2023 to $37.17 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to respiratory conditions prevalence, aging population, pollution and environmental factors, telehealth and remote monitoring.
The respiratory devices and equipment (therapeutic and diagnostic) market size is expected to see rapid growth in the next few years. It will grow to $58.85 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to minimally invasive techniques, emerging markets growth, regulatory support and reimbursement, personalized medicine. Major trends in the forecast period include home-based care, wearable and remote monitoring, telemedicine integration, sustainable and eco-friendly practices.
The global therapeutic respiratory devices and equipment market will be driven by the increase in diseases such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and lung cancer. Growth in the geriatric population, tobacco consumption, allergens, and air pollutants increase the prevalence of respiratory diseases, in turn driving the global therapeutic respiratory devices market. According to World Health Organisation,4.9 million people die due to tobacco consumption, and smoking causes chronic obstructive pulmonary diseases (1 million deaths annually), cardiovascular and respiratory diseases (1.7 million deaths annually), and lung cancer (0.85 million deaths annually). According to an Italian journal, COPD in the U.S. is estimated to be 10% in the population aged 75 years or over. According to Asthma UK, 5.4 million people in the UK are currently receiving treatment for asthma out of these 1.1 million are children and 4.3 million are adults.
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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
Sub-Segments: Humidifiers; Nebulizers; Oxygen concentrators; Positive Airway Pressure (PAP) Devices; Ventilators; Other Therapeutic Devices; Spirometer; Polysomnographs; Peak Flow Meters; Pulse oximeters; Capnographs; Gas analyzers
The respiratory devices and equipment (therapeutic and diagnostic) market report table of contents includes:
- Executive Summary
- Remote Patient Monitoring Devices And Equipment Market Characteristics
- Remote Patient Monitoring Devices And Equipment Market Trends And Strategies
- Remote Patient Monitoring Devices And Equipment Market – Macro Economic Scenario
- Global Remote Patient Monitoring Devices And Equipment Market Size and Growth
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- Global Remote Patient Monitoring Devices And Equipment Market Competitive Benchmarking
- Global Remote Patient Monitoring Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Remote Patient Monitoring Devices And Equipment Market
- Remote Patient Monitoring Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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