Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Diagnostic Devices, Therapeutic Devices, and Monitoring Devices.

By End User;

Hospitals, Clinics, Homecare Settings, and Ambulatory Service Centers.

By Therapeutic Devices;

Humidifiers, Nebulizers, Oxygen Concentrators, Positive Airway Pressure (PAP) Devices, Ventilators, and Others.

By Diagnostic Devices;

Spirometer, Polysomnographs, and Peak Flow Meters.

By Monitoring Devices;

Pulse Oximeters, Capnographs, and Gas Analyzers.

By Application;

Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, and Pneumonia.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133053657 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market (USD Million), 2021 - 2031

In the year 2024, the Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market was valued at USD 35,371.32 million. The size of this market is expected to increase to USD 78,665.09 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.1%.

The global respiratory devices and equipment market, encompassing both therapeutic and diagnostic tools, is experiencing a significant surge in demand. This growth is propelled by several factors, including the rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea, alongside increasing awareness and diagnosis rates worldwide. Additionally, the COVID-19 pandemic has spotlighted the critical need for respiratory support devices, driving further expansion in this market segment.

Therapeutic respiratory devices, including ventilators, continuous positive airway pressure (CPAP) machines, and nebulizers, are vital in managing respiratory conditions and providing life-saving support for patients with acute or chronic respiratory failure. These devices are seeing heightened adoption not only in hospitals and clinical settings but also in homecare environments, where patients seek convenient and effective ways to manage their conditions. Furthermore, advancements in technology, such as miniaturization and improved portability, are enhancing the accessibility and usability of these devices, further fueling market growth.

On the diagnostic front, respiratory equipment plays a crucial role in assessing lung function, identifying respiratory disorders, and monitoring disease progression. Innovations in diagnostic tools, such as spirometers, peak flow meters, and pulse oximeters, are enabling more accurate and efficient respiratory assessments. With a growing emphasis on preventive healthcare and early disease detection, the demand for diagnostic respiratory equipment is expected to continue rising, driving market expansion and fostering innovation in the years ahead.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Therapeutic Devices
    4. Market Snapshot, By Diagnostic Devices
    5. Market Snapshot, By Monitoring Devices
    6. Market Snapshot, By Application
    7. Market Snapshot, By Region
  4. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements in respiratory devices
        2. Increasing prevalence of respiratory diseases
      2. Restraints
        1. High cost of respiratory devices and equipment
        2. Stringent regulatory requirements
      3. Opportunities
        1. Growing demand for homecare respiratory devices
        2. Emerging markets in developing countries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Type, 2021 - 2031 (USD Million)
      1. Diagnostic devices
      2. Therapeutic devices
      3. Monitoring devices.
    2. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics
      3. Homecare settings
      4. Ambulatory service centers
    3. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Therapeutic Devices, 2021 - 2031 (USD Million)
      1. Humidifiers
      2. Nebulizers
      3. Oxygen concentrators
      4. Positive Airway Pressure (PAP) Devices
      5. Ventilators
      6. Others
    4. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Diagnostic Devices, 2021 - 2031 (USD Million)
      1. Spirometer
      2. Polysomnographs
      3. Peak Flow Meters
    5. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Monitoring Devices, 2021 - 2031 (USD Million)
      1. Pulse oximeters
      2. Capnographs
      3. Gas analyzers
    6. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Application, 2021 - 2031 (USD Million)
      1. Asthma
      2. Obstructive Sleep Apnea (OSA)
      3. Respiratory Distress Syndrome (RDS)
      4. Cystic Fibrosis
      5. Pneumonia
    7. Global Respiratory Devices And Equipment (Therapeutic And Diagnostic) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Healthcare
      2. ResMed Inc.
      3. Medtronic plc
      4. Fisher & Paykel Healthcare
      5. Masimo Corporation
      6. Drägerwerk AG & Co. KGaA
      7. Smiths Medical
      8. GE Healthcare
      9. Hamilton Medical
      10. Invacare Corporation
  7. Analyst Views
  8. Future Outlook of the Market