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

By Type;

Diagnostic & Monitoring Devices (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeter, and Capnographs), Therapeutic Devices (CPAP Devices, BI-PAP Devices, Humidifiers, Nebulizers, Oxygen Concentrators, Ventilators, Inhalers, and Others), and Disposables (Masks, Breathing Circuits, and Others).

By Indication;

Chronic Obstructive Pulmonary Disease (COPD), Asthma, Acute Respiratory Infections, and Others.

By End User;

Hospitals and ASCs, Specialty Clinics, Home Care Settings, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn896905810 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Respiratory Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Respiratory Devices Market was valued at USD 2,332.02 million. The size of this market is expected to increase to USD 4,133.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.5%.

The Global Respiratory Devices Market encompasses a broad spectrum of medical devices designed to assist patients in managing respiratory conditions and improving their lung function. This market segment plays a critical role in the diagnosis, treatment, and monitoring of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), sleep apnea, and respiratory failure.

Respiratory devices are essential tools in the arsenal of healthcare professionals, providing therapeutic interventions, respiratory support, and monitoring capabilities for patients with respiratory disorders. These devices range from simple handheld inhalers and nebulizers to advanced ventilators, oxygen therapy equipment, and continuous positive airway pressure (CPAP) devices used in sleep medicine.

The market is driven by various factors, including the increasing prevalence of respiratory diseases, aging populations, rising air pollution levels, and lifestyle changes such as smoking and sedentary lifestyles. Additionally, technological advancements in respiratory device design, miniaturization, connectivity, and digital health integration are driving innovation and expanding the scope of respiratory care delivery.

As healthcare systems worldwide face the challenges posed by respiratory diseases, the demand for respiratory devices is expected to rise significantly. These devices play a crucial role in improving patient outcomes, enhancing quality of life, and reducing healthcare costs by facilitating early diagnosis, effective treatment, and proactive disease management.

In this dynamic and rapidly evolving landscape, the global respiratory devices market offers opportunities for manufacturers, healthcare providers, and other stakeholders to innovate, collaborate, and address unmet needs in respiratory care. By leveraging technological advancements, clinical insights, and patient-centric approaches, the respiratory devices market aims to enhance patient outcomes, optimize healthcare delivery, and contribute to the advancement of respiratory medicine globally.

  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 Indication
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Respiratory Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising respiratory disease prevalence
        2. Aging global population
        3. Increased respiratory health awareness
        4. Growing healthcare spending
        5. Demand for home-based respiratory care
      2. Restraints
        1. Regulatory stringency
        2. Limited healthcare access
        3. Safety and efficacy concerns
        4. Patient adherence challenges
        5. Healthcare workforce shortage
      3. Opportunities
        1. Innovative device development
        2. Digital health integration
        3. Preventive healthcare focus
        4. Wearable device adoption
        5. Pediatric respiratory care improvement
    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 Market, By Type, 2021 - 2031 (USD Million)
      1. Diagnostic and Monitoring Devices
        1. Spirometers
        2. Sleep Test Devices
        3. Peak Flow Meters
        4. Pulse Oximeter
        5. Capnographs
      2. Therapeutic Devices
        1. Others
        2. Inhalers
        3. Ventilators
        4. Oxygen Concentrators
        5. Nebulizers
        6. Humidifiers
        7. BI-PAP Devices
        8. CPAP Devices
      3. Disposables
        1. Masks
        2. Breathing Circuits
        3. Others
    2. Global Respiratory Devices Market, By Indication, 2021 - 2031 (USD Million)
      1. Chronic Obstructive Pulmonary Disease (COPD)
      2. Asthma
      3. Acute Respiratory Infections
      4. Others
    3. Global Respiratory Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals and ASCs
      2. Specialty Clinics
      3. Home Care Settings
      4. Others
    4. Global Respiratory Devices 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 Corporation Limited
      5. Masimo Corporation
      6. GE Healthcare
      7. Drägerwerk AG & Co. KGaA
      8. Hamilton Medical AG
      9. Smiths Medical
      10. Invacare Corporation
      11. Chart Industries, Inc.
      12. Vyaire Medical, Inc.
      13. Koninklijke Philips N.V.
      14. Teleflex Incorporated
      15. Hill-Rom Holdings, Inc.
  7. Analyst Views
  8. Future Outlook of the Market