The global respiratory care devices market is expected to grow from USD 23.03 billion in 2019 and to reach USD 41.20 billion by 2027, growing at a CAGR of 8.67% during the forecast period 2020-2027. Increasing prevalence of chronic disorders such as asthma all over the world, driving the growth of the market. In addition to this, rising technology development in the respiratory care devices and increasing geriatric population, further driving the growth of the market. Moreover, the recent outbreak of global pandemic COVID-19, the demand hugely surges for the respiratory care devices such as ventilators in all over the world.
Market Overview:
Respiratory care devices are the medical equipment which is used for the diagnosis, treatment, and monitoring the patients who are suffering from the respiratory system-related diseases. It includes the diseases such as asthma, lung cancer bronchitis, pneumonia and other such cardiopulmonary diseases, infections and viruses such as COVID-19. The respiratory diseases are one of the most common diseases due to air pollution, viruses, bacteria, and contagion. Thus, there is an integral need for respiratory care devices in the hospitals. The respiratory care devices include monitoring devices, therapeutic devices, diagnosis devices, and consumables.
Impact of COVID-19 on the Respiratory care devices Market
The demand for respiratory care devices has skyrocketed in the hospitals and ICUs, with the increasing coronavirus patient across the globe. Typically, a patient stays in the ICU for three to four days on the ventilator; however, for coronavirus patient, the ventilators need for two to three weeks. Thus, the demand for ventilators has dramatically increased all over the world. In addition to this, major suppliers of medical devices said that they are experiencing the huge shortage of ventilators, amid an outbreak of COVID-19. For instance, around 5% to 11% of coronavirus patient in the U.S. requires the intensive care. Thus, many companies have boosted the production of ventilators to fill the supply-demand gap of ventilators. Europe is severally hit by the outbreak of COVID-19 and countries such as Italy, UK, Spain, and France are running out of ventilators. Thus, many governments urged the automobile manufacturers to produce the ventilators to deal with the coronavirus.
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Respiratory Care Devices Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
Segmentation Analysis:
The global respiratory care devices market has been segmented based on type, application, and end-use.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region accounted for the major market share and valued at USD 9.56 billion in the year 2019.
Global Respiratory Care Devices Market Competitive Analysis:
Key players in the global respiratory care devices market are Medtronic plc, Drager AG, ResMed Inc., GE Healthcare, Fisher & Paykel Healthcare Corporation Limited, Philips Healthcare, Masimo Corporation, Chart Industries, Invacare Corporation, Getinge AB, Air Liquide, Hamilton Medical AG, Vyaire Medical, Nonin Medical Inc., Apex Medical Corp., Smiths Group, Omron Healthcare Inc., Allied Healthcare Products, Inc., Teleflex Incorporated, and DeVilbiss Healthcare LLC among others. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a significant share in the market.
For instance, In March 2020, Drager AG announced that it has ramped up the production of ventilators and has donated more than 100 ventilators to Italy, in order to cope with the high demand for products as a result of the coronavirus pandemic.
On 7th April 2020, Getinge announced that the company had ramped up the production to 26,000 ventilators in 2020, an increase equals a growth of 160% compared to 2019, when 10,000 ventilators were produced, as a result of the COVID-19 pandemic outbreak.
In March 2020, GE Healthcare and Ford announced the plan to produce as many as 50,000 ventilators by July 2020, as part of an effort to offer a critical medical equipment used to treat people with COVID-19.
In March 2020, Smiths Group alongside Airbus, Rolls-Royce and the McLaren F1 team announced the plan to produce 10,000 ventilators units to treat people with COVID-19.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2017 to 2027. Fior Markets has segmented the global respiratory care devices market on the basis of below-mentioned segments:
Global Respiratory Care Devices Market by Type:
Global Respiratory Care Devices Market by Application:
Global Respiratory Care Devices Market by End-Use:
Global Respiratory Care Devices Market by Region:
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End Use
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing prevalence of asthma
5.2.2. Rising geriatric population across the globe
5.2.3. Increasing global pandemic such as Covid-19
5.3. Restrains
5.3.1. High prices of respiratory care devices
5.3.2. High initial investment for the installation of respiratory care devices
5.4. Opportunities
5.4.1. Increasing research and development activities
5.4.2. Growing technological development in the respiratory care devices market
5.5. Challenges
5.5.1. Stringent government regulations on medical devices
5.5.2. Budget constraints of small hospitals
6. Global Respiratory Care Devices Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Monitoring Devices
6.2.1. Pulse Oximeters
6.2.2. Capnographs
6.2.3. Gas Analyzers
6.3. Therapeutic Devices
6.3.1. Spirometers
6.3.2. Polysomnography Devices
6.3.3. Peak Flow Meters
6.3.4. Others
6.4. Diagnostic Devices
6.4.1. PAP Devices
6.4.2. Ventilators
6.4.3. Nebulizers
6.4.4. Humidifiers
6.4.5. Oxygen Concentrators
6.4.6. Inhalers
6.4.7. Reusable Resuscitators
6.4.8. Nitric Oxide Delivery Units
6.4.9. Oxygen Hoods
6.5. Consumables and Accessories
6.5.1. Masks
6.5.2. Disposable Resuscitators
6.5.3. Breathing Circuits
6.5.4. Tracheostomy Tubes
6.5.5. Nasal Cannulas
6.5.6. Other
7. Global Respiratory Care Devices Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Asthma
7.3. Sleep Apnea
7.4. Infectious Disease
7.5. Other Diseases
8. Global Respiratory Care Devices Market Analysis and Forecast, By End Use
8.1. Segment Overview
8.2. Hospitals
8.3. Home Care Settings
8.4. Ambulatory Surgery Centers (ASCs)
9. Global Respiratory Care Devices Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Respiratory Care Devices Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Respiratory Care Devices Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Philips Healthcare
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. ResMed Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Medtronic plc
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Masimo Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Fisher & Paykel Healthcare Corporation Limited
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Chart Industries
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Drager AG
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Invacare Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Getinge AB
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Getinge AB
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Hamilton Medical AG
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Vyaire Medical
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. GE Healthcare
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Nonin Medical Inc.
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Smiths Group
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
2. Global Monitoring Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
3. Global Diagnosis Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
4. Global Therapeutic Devices, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
5. Global Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
6. Global Asthma, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
7. Global Sleep Apnea, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
8. Global Infectious Disease, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
9. Global Other Diseases, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
10. Global Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
11. Global Hospitals, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
12. Global Home Care Settings, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
13. Global Ambulatory Care Center, Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
14. Global Respiratory Care Devices Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
15. North America Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
16. North America Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
17. North America Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
18. U.S. Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
19. U.S. Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
20. U.S. Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
21. Canada Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
22. Canada Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
23. Canada Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
24. Mexico Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
25. Mexico Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
26. Mexico Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
27. Europe Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
28. Europe Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
29. Europe Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
30. Germany Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
31. Germany Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
32. Germany Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
33. France Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
34. France Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
35. France Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
36. U.K. Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
37. U.K. Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
38. U.K. Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
39. Italy Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
40. Italy Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
41. Italy Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
42. Spain Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
43. Spain Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
44. Spain Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
45. Asia Pacific Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
46. Asia Pacific Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
47. Asia Pacific Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
48. Japan Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
49. Japan Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
50. Japan Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
51. China Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
52. China Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
53. China Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
54. India Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
55. India Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
56. India Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
57. South America Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
58. South America Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
59. South America Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
60. Brazil Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
61. Brazil Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
62. Brazil Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
63. Middle East and Africa Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
64. Middle East and Africa Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
65. Middle East and Africa Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
66. UAE Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
67. UAE Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
68. UAE Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
69. South Africa Respiratory Care Devices Market, By Type, 2017-2027 (USD Billion) (Thousand Units)
70. South Africa Respiratory Care Devices Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
71. South Africa Respiratory Care Devices Market, By End Use, 2017-2027 (USD Billion) (Thousand Units)
List of Figures
1. Global Respiratory Care Devices Market Segmentation
2. Respiratory Care Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Respiratory Care Devices Market Attractiveness Analysis By Type
9. Global Respiratory Care Devices Market Attractiveness Analysis By Application
10. Global Respiratory Care Devices Market Attractiveness Analysis By End Use
11. Global Respiratory Care Devices Market Attractiveness Analysis By Region
12. Global Respiratory Care Devices Market: Dynamics
13. Global Respiratory Care Devices Market Share By Type(2020 & 2027)
14. Global Respiratory Care Devices Market Share By End Use(2020 & 2027)
15. Global Respiratory Care Devices Market Share by Regions (2020 & 2027)
16. Global Respiratory Care Devices Market Share by Company (2019)
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