Therapeutic Respiratory Devices Market Size, Share & Trends Analysis Report By Product Type (Nebulizer, Humidifiers, Oxygen Concentrators), By Technology, By Filters, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global therapeutic respiratory devices market size was exhibited at USD 20.05 billion in 2022 and is projected to hit around USD 36.29 billion by 2032, growing at a CAGR of 4.02% during the forecast period 2023 to 2032.

Key Pointers:

• North America dominated the market in 2022 with over 31.1% share
• With a revenue share of over 45.0% in 2022 and an anticipated continuation of this dominance throughout the forecast period,
• Capnographs, on the other hand, are anticipated to have rapid growth over the forecast period at a CAGR of over 8.6%.
• With over 36.0% revenue share in 2022, the HEPA filter segment led the market. 
• The market for humidifier filters is expected to witness the fastest CAGR of 7.2% over the forecast period.
• The ventilator filter market, accounting for over 24.15% of revenue share in 2022. 

Therapeutic Respiratory Devices Market Report Scope

Therapeutic respiratory devices are primarily used in therapeutics for improvising pulmonary functionalities by clearing the airway, enhancing lung oxygen intake capacities and providing assistance for mucous removal from bronchi during respiratory therapeutics treatment. These respiratory devices are also utilized for assistance in the treatment of various chronic ailments associated with respiratory malfunction. These ailments include the likes of chronic obstructive pulmonary disease (COPD), bronchitis, sleep disorders, asthma and other chronic diseases. Availability of these devices in the market include variable types with slight difference in the application purpose such as long-term respiratory devices used mainly for intensive care, mobile home respiratory devices to be applied in homecare settings and portable respiratory devices to be utilized during emergency for providing point of care assistance. Owing to wide variety of application, these equipment are also implemented if facilitating and improvising respiratory function in infants during post natal care, specifically among the preterm births, post-partum complications and associated conditions.

The increasing patient pool owing to the rising prevalence of chronic disorders causing disturbance in the normal functioning of respiration will be a key driver for the development of therapeutic respiratory devices business growth. According to the Forum of International Respiratory Societies (FIRS) research, approximately, the number of people suffering from sleep breathing disorders in around 100 million, those suffering with asthma is over 235 million people and the number of people diagnosed with COPD reportedly is around 200 million. Factors such as high levels of air pollution, exposures to various toxic chemicals and gases, chain smoking of tobacco causing obstruction of the airway passage for responsible for rising prevalence of respiratory infections in developing as well of developed regions. These factors would ensure the growth of this therapeutic respiratory devices market in the near future.

Some of the prominent players in the Therapeutic Respiratory Devices Market include:

• GE Healthcare
• Koninklijke Philips N.V.
• ICU Medical (Smiths Medical)
• Invacare Corporation
• Medtronic
• Fisher & Paykel Healthcare
• ResMed
• Linde
• Mindray
• Chart Industries
• Drägerwerk AG & Co. KGaA
• DeVilbiss Healthcare

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Therapeutic Respiratory Devices market.

By Product Type 

• Nebulizers
  • Compressor-based Nebulizers
  • Piston based handheld nebulizer
  • Ultrasonic Nebulizer
  • Humidifiers
• Heated Humidifiers
  • Passover Humidifiers
  • Integrated Humidifiers
  • Built-In Humidifiers
  • Stand-alone Humidifiers
• Oxygen Concentrators
  • Fixed Oxygen Concentrators
  • Portable Oxygen Concentrators
• Positive Airway Pressure Devices
  • Continuous Positive Airway Pressure Devices
  • Auto-titrating Positive Airway Pressure Devices
  • Bi-level Positive Airway Pressure Devices
• Ventilators
  • Adult Ventilators
  • Neonatal Ventilators
• Capnographs
• Gas Analyzers

By Technology 

• Electrostatic Filtration
• HEPA Filter Technology
• Hollow Fiber Filtration
• Microsphere Separation

By Filter 

• Nebulizer filters
  • Inlet filter
  • Replacement filter
  • Cabinet filter
• Humidifier filters
  • Wick filters
  • Permanent cleanable filters
  • Mineral absorption pads
  • Demineralization cartridges
• Positive airway pressure devices filter
  • Ultra-fine foam inlet filters
  • Polyester non-woven fiber filters
  • Acrylic & Polypropylene fiber filters
• Oxygen concentrator filters
  • HEPA Filter
  • Cabinet Filter
  • Pre-Inlet Filter
  • Inlet Filter
  • Micro Disk Filter
  • Felt Intake Filter
  • Bacterial Filter
  • Hollow-membrane Filter
• Ventilator filters
  • Mechanical filters
    • HEPA Filters
    • ULPA Filters
    • Activated Carbon Filters
  • Electrostatic filters
    • Tribocharged Filters
    • Fibrillated Filters

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)