The global respiratory devices market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period (2021-2027). The COVID-19 had brought the golden era in the market of respiratory devices. The demand for these devices is so high that companies are not able to fulfill it even after contract manufacturing. The developed nations are ready to pay an extra amount to get these devices delivered. The major products which have high demand include ventilators, oxygen concentrators, nebulizers, and pulse oximeters.
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In April 2021, the Indian government had announced to purchase of 1lakh portable oxygen concentrators as the nation suffers a shortage of oxygen cylinders during the second wave of COVID-19. Even the export-import duties are removed from these devices. However, few cases were reported that due to rapid production, the products are not getting quality controlled resulting in the delivery of poor-quality products. Still, the market of respiratory devices will enjoy the profit earning phase as the virus of COVID-19 mutates.
A Full Report of Global Respiratory Device Market is Available at: https://www.omrglobal.com/industry-reports/respiratory-device-market
Global Respiratory Devices Market Report Segment
By Diagnostic Devices
- Spirometers
- Sleep Test Devices
- Peak Flow Meters
- Pulse Oximeters
- Capnography
- Others
By Therapeutic Devices
- CPAP Devices
- BiPAP Devices
- Humidifiers
- Nebulizers
- Oxygen Concentrators
- Ventilators
- Inhalers
- Others
By Disposable Devices
- Masks
- Breathing Circuits
- Others
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