info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Respiratory Care Devices Market Research Report By Device Type (Therapeutic Devices, Monitoring Devices, Diagnostic Devices, Consumables), By Application (Chronic Obstructive Pulmonary Disease, Asthma, Sleep Apnea, Respiratory Distress Syndrome), By End Use (Hospitals, Homecare, Ambulatory Care Centers, Emergency Medical Services) and By Patient Type (Pediatric, Adult, Geriatric) - Forecast to 2035


ID: MRFR/MED/13127-US | 100 Pages | Author: Rahul Gotadki| December 2023

US Respiratory Care Devices Market Overview


As per MRFR analysis, the US Respiratory Care Devices Market Size was estimated at 3.91 (USD Billion) in 2023. The US Respiratory Care Devices Market Industry is expected to grow from 4.25 (USD Billion) in 2024 to 7.5 (USD Billion) by 2035. The US Respiratory Care Devices Market CAGR (growth rate) is expected to be around 5.299% during the forecast period (2025 - 2035).


Key US Respiratory Care Devices Market Trends Highlighted


The US Respiratory Care Devices Market is experiencing notable trends driven by the increasing prevalence of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD). One key market driver is the growing aging population, which is more susceptible to respiratory conditions. The Centers for Disease Control and Prevention indicates that respiratory diseases are among the leading causes of morbidity and mortality in the US, highlighting an urgent need for effective devices.


Moreover, the COVID-19 pandemic has further accelerated the demand for respiratory care solutions, leading to heightened awareness about respiratory health and resulting in increased investments in this sector.There are significant opportunities in the market that can be explored, particularly in the development of advanced and portable respiratory devices. As technology evolves, solutions like telemedicine and smart devices are gaining traction, offering patients better management of their conditions. Furthermore, government initiatives to improve healthcare access and funding for respiratory health programs present avenues for innovation and market growth.


Recent trends indicate a shift towards home-based healthcare solutions. Many patients prefer utilizing respiratory devices at home instead of relying solely on hospital services. This transition is supported by an increase in insurance coverage for home healthcare services and the implementation of remote monitoring technologies.Additionally, continuous advancements in device design and functionality are making respiratory care easier and more efficient. The focus on personalized medicine is also apparent, with many manufacturers developing customized solutions tailored to individual patient needs, thereby enhancing the overall patient experience in the United States.


US Respiratory Care Devices Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Respiratory Care Devices Market Drivers


Increasing Prevalence of Respiratory Diseases


The growing incidence of respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) and asthma in the United States significantly drives the US Respiratory Care Devices Market Industry. According to the Centers for Disease Control and Prevention (CDC), approximately 15 million adults in the US are diagnosed with COPD, which has been increasing over the years. This statistic correlates with the projected rise in demand for respiratory devices such as nebulizers and oxygen therapy equipment.


Moreover, with an aging population, it is anticipated that more individuals will require respiratory support. The American Lung Association has reported that asthma prevalence has grown by 10% over the last decade, positioning respiratory care devices as essential healthcare solutions in the US. The potential for technological innovation aimed at improving respiratory health further accentuates market growth. Major companies like Philips and ResMed are investing in Research and Development to enhance the efficiency and effectiveness of these devices, thereby securing their market presence in response to the rising disease burden.


Technological Advancements in Respiratory Devices


The advancement of technology within the respiratory care devices sector significantly enhances patient outcomes and supports market growth in the US. Innovations such as portable oxygen concentrators and smart inhalers improve patient compliance and allow for real-time monitoring. The Food and Drug Administration (FDA) has reported a rise in the approval of novel respiratory devices, with a notable increase of over 25% in the last five years. This shift highlights the dynamic nature of the industry as companies seek to incorporate cutting-edge technology into their product offerings.


Leading firms, such as Medtronic and GSK, are focusing on digital health solutions for respiratory care, enabling better patient management. This trend demonstrates a clear market demand for advanced devices capable of delivering personalized care, thereby fueling the expansion of the US Respiratory Care Devices Market Industry.


Growing Home Healthcare Market


An increasing trend toward home healthcare has been a significant driver for the US Respiratory Care Devices Market Industry. The aging population in the US, with approximately 10,000 baby boomers turning 65 every day, creates a growing need for at-home medical care solutions. The Home Health Care News indicates that the home healthcare market is expected to witness a compound annual growth rate of 7.9% through 2025.


Patients and families prefer home care to avoid hospital stays, thus promoting the demand for respiratory care devices that can be used at home, like CPAP machines and nebulizers.Manufacturers are responding accordingly, with companies like Baxter International enhancing their distribution of home-use respiratory devices, effectively catering to the demands of an aging American demographic.


US Respiratory Care Devices Market Segment Insights


Respiratory Care Devices Market Device Type Insights


The US Respiratory Care Devices Market, particularly within the Device Type segment, encompasses a diverse range of products essential for managing various respiratory ailments and conditions. This segment includes Therapeutic Devices, Monitoring Devices, Diagnostic Devices, and Consumables, each playing a significant role in treatment efficacy and patient care. Therapeutic Devices, such as nebulizers and ventilators, are critical for delivering medication and support to patients with chronic obstructive pulmonary disease (COPD) and other respiratory disorders, hence they represent a substantial share of the market due to the increasing prevalence of these conditions across the US.


Similarly, Monitoring Devices are increasingly important as they help in tracking the progress of respiratory conditions, employing advanced technology to provide accurate readings which are vital for ongoing treatment plans, thus enhancing patient outcomes and safety. Diagnostic Devices also contribute significantly to this landscape by enabling healthcare professionals to accurately diagnose respiratory diseases. Their role is vital in identifying and managing conditions early enough to prevent severe complications. Additionally, Consumables are crucial as they encompass various items such as masks and tubing that facilitate the effective use of therapeutic devices.


This segment is influenced heavily by factors such as ongoing technological advancements, increasing awareness regarding respiratory health, a rise in the aging population, and the continued development of innovative solutions to improve respiratory care. Furthermore, market trends indicate that the demand for homecare respiratory devices is rising, driven by a shift towards patient-centered care and the convenience of treatment in non-hospital settings. Overall, with a growing emphasis on respiratory health, the Device Type segment of the US Respiratory Care Devices Market is poised for sustained development, ensuring improved health outcomes and quality of life for patients suffering from respiratory issues.


 


US Respiratory Care Devices Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Respiratory Care Devices Market Application Insights


The US Respiratory Care Devices Market segment focusing on Application encompasses critical areas such as Chronic Obstructive Pulmonary Disease, Asthma, Sleep Apnea, and Respiratory Distress Syndrome. Chronic Obstructive Pulmonary Disease (COPD) remains a significant concern, given that it affects millions of Americans and represents a leading cause of morbidity and mortality, driving demand for effective respiratory care solutions. Asthma, another prevalent condition, highlights the need for devices that can offer patients greater control and relief, especially among children.


Sleep Apnea is increasingly recognized for its impact on public health, prompting the development of advanced diagnostic and therapeutic devices for improved patient outcomes. Additionally, Respiratory Distress Syndrome presents challenges especially within neonatal care, emphasizing the vital role of respiratory support devices to ensure the health of vulnerable populations. Combined, these applications underline the importance of innovation in the US Respiratory Care Devices Market, as they stimulate ongoing Research and Development and respond directly to a growing patient population with diverse respiratory needs.The overall upbeat market statistics indicate a substantial opportunity for manufacturers and healthcare providers alike, as the demand for reliable and efficient respiratory care solutions continues to rise.


Respiratory Care Devices Market End Use Insights


The US Respiratory Care Devices Market is categorized into several key End Use areas, each playing a vital role in the healthcare system. Hospitals represent a significant portion of the market, focusing on advanced respiratory care for critically ill patients, where the demand for sophisticated devices like ventilators and oxygen therapy equipment is paramount. Homecare services have gained traction due to the aging population and increasing prevalence of chronic respiratory diseases, enabling patients to receive care in a comfortable and familiar environment.


Ambulatory Care Centers are becoming increasingly important, offering outpatient services and convenience for patients requiring less intensive respiratory treatments. Emergency Medical Services play a crucial role in the initial management of respiratory distress, requiring reliable and portable devices. This segmentation not only reflects the diverse settings in which respiratory care is delivered, but also highlights trends such as the rise of outpatient services and home health care as pivotal contributors to the evolving landscape of respiratory care in the US.The market's adaptability to various healthcare delivery models points toward robust growth potential, addressing the need for effective and accessible respiratory treatments in a range of environments.


Respiratory Care Devices Market Patient Type Insights


The Patient Type segment of the US Respiratory Care Devices Market showcases a diverse range of stakeholders, focusing on Pediatric, Adult, and Geriatric populations. Pediatric patients require specialized respiratory care devices designed to accommodate their unique physiological needs, making this segment vital for ensuring proper treatment and management of respiratory conditions in children. The Adult segment tends to represent a significant portion of respiratory care, driven by increasing occurrences of chronic respiratory diseases such as asthma and COPD, reflecting the growing demand for effective management solutions.


Meanwhile, the Geriatric population, which is experiencing rapid growth in the US due to an aging demographic, highlights the importance of respiratory care devices tailored to older adults who often face multiple comorbidities and age-related respiratory challenges. This demographic shift creates both challenges and opportunities in the market, as innovations continue to emerge to enhance patient outcomes. Moreover, the growing awareness of respiratory health, particularly post-pandemic, has further propelled the market forward, signifying the need for accessible and efficient respiratory care solutions across all patient types.


US Respiratory Care Devices Market Key Players and Competitive Insights


The US Respiratory Care Devices Market is characterized by rapid technological advancements, increasing prevalence of respiratory diseases, and a rising aging population. The competitive landscape is marked by significant innovation and investment from a range of players, including established companies and new entrants. Companies are focusing on developing advanced respiratory devices that offer improved patient outcomes, enhanced comfort, and streamlined operations for healthcare providers. The market is segmented into various categories such as ventilators, nebulizers, and positive airway pressure devices, creating strong competition among manufacturers. Strong emphasis is placed on regulatory compliance, as companies must navigate the complexities of FDA and other regulatory approvals while ensuring product quality and safety. Increasing competition has also fostered strategic collaborations, mergers, and acquisitions, allowing companies to expand their market reach and enhance technological capabilities.


Hamilton Medical is a notable player in the US Respiratory Care Devices Market, with a strong emphasis on providing advanced ventilatory support systems. The company's presence in the market is bolstered by its commitment to innovation, particularly in the development of intelligent ventilation solutions designed to adapt to patients' needs in real-time. Among its strengths are the superior technology and user-friendly interfaces of its products, which enhance clinical workflows while optimizing patient care. Hamilton Medical has established robust partnerships with healthcare institutions, which further reinforces its market position. By consistently focusing on research and development, the company aims to meet the evolving demands of the respiratory care landscape, ensuring that its devices remain at the forefront of the industry.


Teleflex is another key contender in the US Respiratory Care Devices Market, known for its extensive portfolio of medical devices that address respiratory needs. The company’s key products include specialized airway management devices, respiratory therapy solutions, and patient monitoring systems, all designed to improve clinical efficiency and patient outcomes. Teleflex's strengths lie not only in its innovative product offerings but also in its strategic mergers and acquisitions, which have expanded its product lines and market reach. The company's commitment to quality and compliance helps it navigate the regulatory environment effectively, securing a strong foothold in a competitive marketplace. Teleflex’s focus on customer education and support enhances its reputation among healthcare providers, making it a trustworthy partner in delivering respiratory care solutions across the United States.


Key Companies in the US Respiratory Care Devices Market Include



  • Hamilton Medical

  • Teleflex

  • Smiths Medical

  • GE Healthcare

  • Drive DeVilbiss Healthcare

  • Fisher and Paykel Healthcare

  • Medtronic

  • Apex Medical

  • Boehringer Ingelheim

  • Nuvance Health

  • Philips

  • ResMed

  • Artivion

  • Invacare


US Respiratory Care Devices Market Industry Developments


The US Respiratory Care Devices Market has witnessed significant developments recently, particularly with an increased focus on advanced technologies in response to the ongoing demand for enhanced respiratory care solutions. Companies such as GE Healthcare, Philips, and ResMed are leading innovations in ventilatory support and patient monitoring systems. In October 2023, ResMed reported substantial growth in market valuation due to its new respiratory device that integrates artificial intelligence for improved patient outcomes. Furthermore, in September 2023, Teleflex announced the acquisition of a smaller company specializing in innovative airway management tools, aiming to broaden its product portfolio. Meanwhile, Boehringer Ingelheim has invested in Research and Development initiatives to address chronic respiratory diseases, reflecting an industry trend towards targeted therapies.


The COVID-19 pandemic has driven dramatic increases in demand for respiratory devices, reinforcing companies like Hamilton Medical and Drive DeVilbiss Healthcare's positions in the market. Additionally, regulatory support from the US Food and Drug Administration has facilitated quicker approvals for novel devices, further stimulating market activity. Significant growth in the market's valuation is impacting investments and driving competitive strategies among major players.


US Respiratory Care Devices Market Segmentation Insights


Respiratory Care Devices Market Device Type Outlook



  • Therapeutic Devices

  • Monitoring Devices

  • Diagnostic Devices

  • Consumables


Respiratory Care Devices Market Application Outlook



  • Chronic Obstructive Pulmonary Disease

  • Asthma

  • Sleep Apnea

  • Respiratory Distress Syndrome


Respiratory Care Devices Market End Use Outlook



  • Hospitals

  • Homecare

  • Ambulatory Care Centers

  • Emergency Medical Services


Respiratory Care Devices Market Patient Type Outlook



  • Pediatric

  • Adult

  • Geriatric

Report Attribute/Metric Source: Details
MARKET SIZE 2018 3.91(USD Billion)
MARKET SIZE 2024 4.25(USD Billion)
MARKET SIZE 2035 7.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.299% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Hamilton Medical, Teleflex, Smiths Medical, GE Healthcare, Drive DeVilbiss Healthcare, Fisher and Paykel Healthcare, Medtronic, Apex Medical, Boehringer Ingelheim, Nuvance Health, Philips, ResMed, Artivion, Invacare
SEGMENTS COVERED Device Type, Application, End Use, Patient Type
KEY MARKET OPPORTUNITIES Telehealth integration for remote monitoring, Advances in wearables for respiratory support, Increased demand due to aging population, Innovations in portable oxygen solutions, Growth in home healthcare segment
KEY MARKET DYNAMICS growing prevalence of respiratory diseases, technological advancements in devices, increasing aging population, rising healthcare expenditure, growing awareness of respiratory health
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Respiratory Care Devices Market is expected to be valued at 4.25 billion USD in the year 2024.

By 2035, the US Respiratory Care Devices Market is expected to reach a value of 7.5 billion USD.

The market is expected to grow at a CAGR of 5.299% during the forecast period from 2025 to 2035.

The Therapeutic Devices segment is projected to dominate with a value of 1.7 billion USD in 2024.

The Monitoring Devices segment is expected to be valued at approximately 2.1 billion USD by 2035.

In 2024, the Diagnostic Devices segment is valued at around 0.8 billion USD.

By 2035, the Consumables segment is expected to reach approximately 1.15 billion USD.

Major players include companies such as Hamilton Medical, Teleflex, Smiths Medical, and GE Healthcare.

The market is witnessing ongoing advancements in technology and a rise in home care services.

Challenges include regulatory hurdles and variations in reimbursement policies affecting market dynamics.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

report-img
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.