Respiratory Device Accessories Devices Market Size was valued at USD 0.71 Billion in 2022. The Respiratory Device Accessories Devices market industry is projected to grow from USD 0.8 Billion in 2023 to USD 1.45 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The increased occurrence of respiratory ailments such respiratory infections, sleep apnea, asthma, and chronic obstructive pulmonary disease (COPD) are the key market drivers boosting the expansion of the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for respiratory device accessories devices is being driven by the advances in technology. A respiratory care device is a piece of medical equipment that is used to diagnose, treat, monitor, control, and evaluate patients with cardiopulmonary problems. These are used to treat many acute and chronic respiratory conditions, as well as degenerative lung diseases as emphysema, asthma, and chronic bronchitis.
Additionally, Continuous developments in respiratory device technology, such as enhanced oxygen delivery systems, portable nebulizers, and sophisticated CPAP/BiPAP accessories, improve patient comfort and treatment efficacy and propel market expansion. The need for respiratory devices and the accessories that go along with them is driven by the increased prevalence of respiratory diseases such sleep apnea, asthma, chronic obstructive pulmonary disease (COPD), and respiratory infections. Worldwide, as the population ages, respiratory problems become more common. The demand for respiratory equipment and related accessories is increased by the aged population's increased vulnerability to illnesses such as sleep apnea and COPD.
The incidence of respiratory diseases is influenced by variables such as rising pollution levels, smoking patterns, and environmental circumstances, which raises the need for tools and accessories for treating these ailments. One of the main causes of respiratory ailments, including increased rates of COPD and lung-related problems, is smoking. Toxins and hazardous particles are released into the air by pollution, both indoor and outdoor, which makes those who are exposed more susceptible to respiratory problems. Pre-existing respiratory problems are made worse by smoking and pollutants. Acute exacerbations of chronic illnesses are common in patients affected by these factors, making access to breathing equipment and their accessories urgently necessary for symptom alleviation and treatment.
For instance, Asthma claimed the lives of 0.5 million people in 2019 and affected around 262 million people worldwide, according to the WHO. Morbidity and mortality in asthma remain significant problems, and no medication can bring the disease back to baseline. ly, there will likely be an increase of 100 million asthmatic sufferers by 2025. One in twelve Americans suffer with asthma, and over ten million adults over 45 in Europe suffer from the illness. Up to 1,000 individuals are thought to pass away from asthma every day. Thus, result in driving the Respiratory Device Accessories Devices market revenue.
The Respiratory Device Accessories Devices market segmentation, based on type includes Breathing Circuit, Filter, Mask, and Humidification Consumables. The humidification consumables segment dominated the market. The term "humidity consumables" describes the relative humidity of the inside and outdoor air. Through the release of steam or water vapor, humidifiers give moisture to the air inside your home, preventing dryness that can irritate many different regions of your body.
The Respiratory Device Accessories Devices market segmentation, based on Application, includes Hospital, Household, and Clinic. The household category generated the most income, because they are more patient-friendly. One of the main markets for breathing devices for home care is sleep apnea therapies. The key driver of this market segment's growth is the increasing usage of positive airway pressure devices for sleep apnea therapy.
Figure1: Respiratory Device Accessories Devices Market, by Application, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Respiratory Device Accessories Devices market area will dominate this market. Respiratory disorders, such as sleep apnea, asthma, and chronic obstructive pulmonary disease (COPD), are highly prevalent in North America. The need for respiratory devices and related accessories in the area is driven by the high rate of disease.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2: RESPIRATORY DEVICE ACCESSORIES DEVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Respiratory Device Accessories Devices market has the second-largest portion of the market. As these illnesses become more common, there is a growing need for breathing devices and related accessories. Further, the German Respiratory Device Accessories Devices market had the biggest market share, and the UK Respiratory Device Accessories Devices market was the European market with the quickest rate of growth.
The Asia-Pacific Respiratory Device Accessories Devices Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is because the developing country's pollution levels have increased. Moreover, China’s Respiratory Device Accessories Devices market had the biggest market share, and the Indian Respiratory Device Accessories Devices market was the Asia-Pacific region's fastest-growing market.
Respiratory Device Accessories Devices Key Market Players& Competitive Insights
Leading market players are putting a lot of money on R&D to broaden the range of their goods, which will promote further growth in the market for respiratory device accessories. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Respiratory Device Accessories Devices industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Respiratory Device Accessories Devices industry to help customers and expand the market segment. In recent years, the Respiratory Device Accessories Devices industry has provided some of the biggest benefits to medicine. Major players in the Respiratory Device Accessories Devices market, including Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, Medtronic, and others, are engaging in research and development activities in an effort to boost market demand.
Fisher & Paykel Healthcare is an organization that specializes in creating and producing medical systems and devices for use in surgery, acute care, and respiratory treatment. Worldwide, the corporation sells its products in more than 120 countries. With a market share of more than 10%, Fisher & Paykel Healthcare is one of the major competitors in the worldwide respiratory care devices industry. Nasal high flow therapy, surgical humidification, and pulmonary humidifiers are among the products offered by the company. In 2019, Fisher & Paykel Healthcare declared that it and ResMed had reached a settlement in their patent infringement lawsuit.
ResMed is at the forefront of the development and manufacturing of medical devices for the treatment of respiratory conditions such sleep apnea and chronic obstructive pulmonary disease (COPD). ly, the corporation sells its products in over 140 countries. ResMed is a leader in the respiratory care equipment market, holding a market share of over 20%. Bilevel positive airway pressure (BiPAP) devices, continuous positive airway pressure (CPAP) devices, and adaptive servo-ventilation (ASV) devices are the three product categories that the company offers. ResMed declared in 2021 that it had purchased Honeywell Life Care Solutions, a provider of digital pharmaceuticals.
Key Companies in the Respiratory Device Accessories Devices market include
Respiratory Device Accessories Devices Industry Developments
In 2019: Philips introduced a novel augmented reality concept that will allow doctors to easily operate the operating room of the future by providing them with a holographic dashboard of data that combines imaging, medical information, and devices to optimize therapy.
In 2020: Getinge momentarily raised its output of sophisticated ICU ventilators by 160%, reaching a total of 26,000 ventilators.
In 2022: BD declared that the FDA had approved their BD MAXTM Enteric Viral Panel.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 0.71 Billion |
| Market Size 2023 | USD 0.8 Billion |
| Market Size2032 | USD 1.45 Billion |
| Compound Annual Growth Rate (CAGR) | 8.20 (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, Medtronic, Hamilton Medical, Dräger, GE Healthcare, Lowenstein Medical Technology, Armstrong Medical (Eakin Healthcare Group), Yuwell, and Mindray |
| Key Market Opportunities | The aging population and increasing incidence of respiratory disorders are fueling the market's expansion. |
| Key Market Dynamics | The healthcare infrastructure is growing at an exponential rate. |
Frequently Asked Questions (FAQ) :
In 2022, the size of the worldwide market for respiratory device accessories was estimated to be USD 0.7 billion.
From 2023 to 2032, the market is expected to expand at a compound annual growth rate (CAGR) of 8.20%.
North America held the most market share worldwide.
Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, and Medtronic are the major companies in the market.
In 2022, the category of humidification consumables led the market.
In the market, the household held the most proportion.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
