Market Overview:
The global respiratory medical device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of respiratory diseases, technological advancements in respiratory medical devices, and rising demand for portable respiratory medical devices. The global respiratory medical device market is segmented by type into portable respirator ymedical device and complete respiratory medical device. The portable respiratory medical device segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the increasing demand for lightweight and compact devices that can be easily carried around.
Product Definition:
A respiratory medical device is used to help a person breathe. This can include devices like oxygen tanks, ventilators, and inhalers. Respiratory medical devices are important because they help people with breathing problems stay alive.
Portable Respiratory Medical Device:
Portable respiratory medical device is a small breathing equipment which is used to assist people with severe lung diseases in respiration. It's major applications are for the treatment of sleep apnea, obstructed airway and pulmonary embolism. The portable respiratory medical devices market has been growing at a significant rate owing to increasing prevalence of chronic obstructive pulmonary disease (COPD), asthma and other lung disorders coupled with rising demand for home healthcare services.
Complete Respiratory Medical Device:
Complete respiratory medical device is used to treat all breathing disorders such as bronchitis, asthma, COPD and other pulmonary diseases. Complete respiratory medical devices are also used for the treatment of sleep apnea and Obstructive Sleep Apnea (OSA).
Application Insights:
Based on application, the global respiratory medical device market has been segmented into hospitals, physical examination centers, physician groups and others. The hospital segment dominated the overall application market in 2017 owing to an increase in respiratory diseases and a growing number of patients requiring care. In addition, an increasing number of hospitals focusing on providing excellent patient care is expected to drive demand over the forecast period.
The other applications category includes clinics/offices of primary healthcare providers (PHCs), diagnostic laboratories and asthma treatment centers. Increasing awareness about R&D activities related to new product development for treating chronic respiratory diseases is expected to result in growth opportunities for these devices over the forecast period.
Regional Analysis:
North America dominated the global respiratory medical devices market in 2017. This can be attributed to favorable reimbursement policies, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region as compared to other regions. Asia Pacific is expected to grow at the fastest CAGR during the forecast period owing to increasing government initiatives for improving healthcare infrastructure and facilities along with growing target population base in this region. In addition, economic development and improvement of living standards are also anticipated to drive demand for respiratory devices over the forecast period. Moreover, an increase in number of product approvals by regulatory agencies such as FDA and EMEA is also contributing towards market growth across this region.
Growth Factors:
- Increasing incidence of respiratory diseases: The global respiratory medical device market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and pneumonia.
- Technological advancements: The development of novel technologies and devices for the diagnosis and treatment of respiratory disorders is expected to drive the growth of the market during the forecast period. For instance, in January 2017, Philips Healthcare announced its launch of IntelliSpace Respiratory Care 8.0 – an advanced software platform that helps clinicians manage patients with complex respiratory conditions more effectively.
- Rising demand for home-based care: There is a growing trend among patients towards seeking home-based care instead of hospitalization for treatment of respiratory disorders, owing to factors such as shorter hospital stays and lower costs associated with it . This is likely to fuel demand for portable medical devices that can be used at home in the coming years . For instance , in March 2017 , Koninklijke Philips N . V . announced its launch o f t he Philips Respironics DreamStation Go – a lightweight portable oxygen concentrator designed specifically for use while travelling or on vacation .
- which will create significant opportunities for players operating in the respiration medical device market owing to higher prevalence ratesof
Scope Of The Report
Report Attributes
Report Details
Report Title
Respiratory Medical Device Market Research Report
By Type
Portable Respiratory Medical Device, Complete Respiratory Medical Device
By Application
Hospitals, Physical Examination Center, Physician Groups, Other Applications
By Companies
CareFusion(BD), Schiller, CHEST, COSMED, NDD, nSpire Health, MGC Diagnostics, Minato, M&B, AESRI, CareFusion(BD), Morgan Scientific, Sikeda, RSDQ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Respiratory Medical Device Market Report Segments:
The global Respiratory Medical Device market is segmented on the basis of:
Types
Portable Respiratory Medical Device, Complete Respiratory Medical Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Physical Examination Center, Physician Groups, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CareFusion(BD)
- Schiller
- CHEST
- COSMED
- NDD
- nSpire Health
- MGC Diagnostics
- Minato
- M&B
- AESRI
- CareFusion(BD)
- Morgan Scientific
- Sikeda
- RSDQ
Highlights of The Respiratory Medical Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Respiratory Medical Device
- Complete Respiratory Medical Device
- By Application:
- Hospitals
- Physical Examination Center
- Physician Groups
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Respiratory Medical Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A respiratory medical device is a machine or device that helps people breathe better.
Some of the major players in the respiratory medical device market are CareFusion(BD), Schiller, CHEST, COSMED, NDD, nSpire Health, MGC Diagnostics, Minato, M&B, AESRI, CareFusion(BD), Morgan Scientific, Sikeda, RSDQ.
The respiratory medical device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Respiratory Medical Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Respiratory Medical Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Respiratory Medical Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Respiratory Medical Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Respiratory Medical Device Market Size & Forecast, 2020-2028
4.5.1 Respiratory Medical Device Market Size and Y-o-Y Growth
4.5.2 Respiratory Medical Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Respiratory Medical Device
5.2.2 Complete Respiratory Medical Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Physical Examination Center
6.2.3 Physician Groups
6.2.4 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Respiratory Medical Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Respiratory Medical Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Respiratory Medical Device
9.6.2 Complete Respiratory Medical Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Physical Examination Center
9.10.3 Physician Groups
9.10.4 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Respiratory Medical Device
10.6.2 Complete Respiratory Medical Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Physical Examination Center
10.10.3 Physician Groups
10.10.4 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Respiratory Medical Device
11.6.2 Complete Respiratory Medical Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Physical Examination Center
11.10.3 Physician Groups
11.10.4 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Respiratory Medical Device
12.6.2 Complete Respiratory Medical Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Physical Examination Center
12.10.3 Physician Groups
12.10.4 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Respiratory Medical Device
13.6.2 Complete Respiratory Medical Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Physical Examination Center
13.10.3 Physician Groups
13.10.4 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Respiratory Medical Device Market: Competitive Dashboard
14.2 Global Respiratory Medical Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CareFusion(BD)
14.3.2 Schiller
14.3.3 CHEST
14.3.4 COSMED
14.3.5 NDD
14.3.6 nSpire Health
14.3.7 MGC Diagnostics
14.3.8 Minato
14.3.9 M&B
14.3.10 AESRI
14.3.11 CareFusion(BD)
14.3.12 Morgan Scientific
14.3.13 Sikeda
14.3.14 RSDQ
