The global respiratory devices market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period (2024-2031). 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.
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Market Coverage
- Segment Covered-
o By Diagnostic Devices
o By Therapeutic Devices
o By Disposable Devices
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 3B Medical, Inc., BMC Medical Co., Ltd., DeVilbiss Healthcare LLC., Philips Respironics, ResMed Inc., General Electric Co., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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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