Burlingame, Feb. 09, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global respiratory devices market is estimated to be valued at US$ 21,725.0 in 2022 and is expected to exhibit a CAGR of 9.1% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Respiratory Devices Market:
The adoption of inorganic growth strategies such as acquisition by key market players is expected to drive the global respiratory devices market growth over the forecast period. For instance, in March 2020, Masimo, a medical technology company, announced that it had acquired TNI medical AG, a medical device company. Under this acquisition TNI’s SoftFlow technology will provide high-flow, warmed and humidified respiratory gases to spontaneously breathing patients with serious pulmonary conditions. The ventilators generate a regulated high flow of room air that includes integrated flow generators, respiratory circuit, and patient interface and operates without the need for pneumatic systems.
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Key Market Takeaways:
The global respiratory devices market is expected to exhibit a CAGR of 9.1% during the forecast period due to the increasing inorganic strategies such as product launches by the key market players. For instance, in July 2020, OMRON Corporation, a medical device company, announced that it had launched an all-age-group compatible nebulizer intended for the drug delivery of optimal particle size that can be used to treat the upper as well as lower airways
Among product type, oxygen concentrators is expected to hold dominant position in the market due to increasing product launch by key market players over the forecast period. For instance, in June 2021, Servotech Power Systems, a manufacturer of LED Lights, solar panels, and UVC disinfection products, announced that they had launched medical-grade oxygen concentrators, which provide a steady flow of oxygen that can be easily adjusted according to the patient's need
Competitive Landscape:
Key players operating in the global respiratory devices market include Masimo, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed, Hamilton Medical, Medtronic, Koninklijke Philips N.V., ICU Medical, Inc., General Electric Company, Dragerwerk AG & Co. KGaA, Inogen, Inc., TytoCare Ltd., Belluscura, Mitocon Biomed, VYAIRE, Medline Industries, Inc., OMRON Corporation, TNI medical AG, and Xplore Health Technologies Pvt. Ltd.
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Market Segmentation:
- Global Respiratory Devices Market, By Product Type:
- Respiratory Consumables
- Respiratory Mask
- Nasal Cannulas
- Tracheostomy Tubes and Oxygen Tubes
- Other Accessories and Consumables
- Nebulizers
- Compressed Jet Nebulizers
- Ultrasonic Nebulizers
- Mesh Nebulizers
- Oxygen Concentrators
- Home Oxygen Concentrators
- Portable Oxygen Concentrators
- Positive airway pressure devices
- Polysomnography Devices
- Ambulatory PSG
- Clinical PSG
- Pulse Oximeters
- Mechanical Ventilators
- Spirometers
- Respiratory Consumables
- Global Respiratory Devices Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others (Long Term Care Centers, etc.)
- Global Respiratory Devices Market, By Region:
- North America
- By Country
- U.S.
- Canada
- By Country
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- By Country
- Africa
- By Country/Regions
- South Africa
- Central Africa
- North Africa
- By Country/Regions
- North America
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
