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Global Respiratory Care Device Market By Type(Therapeutic Device, Monitoring Device, others), By Indication (Sleep Apnea, Asthama, Others), By End User (Hospitals, Home Care, Others), By Region–Forecast & Opportunities to 2026

Report Description

The global respiratory care device market accounted for USD 14.9 billion in 2019. It is projected to grow at a CAGR of 10.5% during the forecast period.

COVID-19 has impacted all the business across the globe. Corona virus outbreak caused sudden increase in respiratory care device market. After the outbreak, many countries built large hospitals within days to accommodate more number of patients. The production of critical care devices has been increased across the globe to meet the requirements. Due to corona virus many healthcare and non healthcare has joined forces to manufacture and supply respiratory devices.

Definition:

The respiratory care devices are utilized for treatment, diagnosis and monitoring the respiratory disease such as chronic obstructive pulmonary disease, pneumonia, asthama and tuberculosis. The respiratory care device provides improved care to the patients suffering from acute and chronic respiratory diseases.

Market Dynamics (Drivers/Opportunities):

The outbreak of corona virus has lead to sudden rise in demand of respiratory systems worldwide. This has made many non healthcare industries to manufactures respiratory care devices in order to meet the growing requirement of ventilators and personal protection equipments during COVID-19 period. In the COVID-19 period the market has shown a huge rise in the respiratory care device market.

The increasing number of respiratory disease is likely to drive the market towards the growth during the forecast period. The aging of population is directly leading to increase in the number of respiratory disease cases. Thus, it requires respiratory care device for treatment. Hence drives the market to foresee growth.

The rising number of people who smoke, the growing pollution levels and rising urbanization are factors causing respiratory problem among the population worldwide. Thus, causing rise in the demand of respiratory care devices. This is another market driver in respiratory care device market

Market Insights, by Type

Based on the type respiratory care device market is segmented into therapeutic device, monitoring device and consumables and accessories. All these segments are further sub segmented. The therapeutic device accounted for the maximum market share in 2019. The therapeutic segment is sub segmented into PAP devices, nebulizers, inhalers, ventilators, humidifiers, oxygen concentrators, monitoring devices, diagnostic devices, consumable & accessories and others. Out of this all the inhaler segment is expected growth at highest CAGR during the forecast period in therapeutic devices as they are widely used for the major respiratory ailments treatment.

Market Insights, by Indication

Based on the indication respiratory care device market is segmented into chronic obstructive pulmonary devices (COPD), sleep apnea, asthama, infectious disease and other indications. The COPD segment accounted for maximum market share in 2019.

The COPD market is projected to register growth at highest CAGR during forecast period. Increase in level of pollution leading to COPD cases. The smoking cases are increasing day-by-day also leading to COPD. Thus drives the market growth for COPD.

Market Insights, by End-User

Based on the End-User respiratory care device market is segmented into hospital, ambulatory care centers and home care settings. The hospitals segment is estimated to register growth at highest CAGR during the forecast period. The rapid development in healthcare infrastructure and technological advancement in the hospitals is driving the market towards growth during the forecast period.

Regional Insights

North America region has accounted for maximum market share in year 2019 in respiratory care device market. Asia-Pacific region is projected to grow at highest CAGR during the forecast period. The growth in Asia-Pacific region can be attributed by the increasing respiratory disease in the region. The population of this region is very large and the respiratory disease among the population is increasing a lot. This rise in pollution level and growing smoking habit among people is causing respiratory disease. Thus drives the market in respiratory care device during forecast period.

Key Companies & Market Share Insights

The key market players in respiratory care device market are Philips N.V., Fisher & Paykel Healthcare Ltd., Hamilton Medical AG, ResMed Inc., Invacare Corp., Drager Safety AG & Co., KGaA, Chart Industries Inc, Dickinson & Company, Masimo Corp., Medtronic PLC, 3B Medical Inc., Medline Industries Inc., Acare Technology Co., Allied Healthcare Inc., and Hill-Rom Holdings Inc.

The market in respiratory care device is dominated by globally established players such as ResMed, Philips N.V., Medtronic PLC and Masimo Corporation. The players in this industry are focused to provide technologically advanced respiratory device to strengthen their market presence.

Segments Covered in the Report

This report forecasts The Global Respiratory Care device Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global respiratory care device market report on the basis of type, indication and end-user.

Respiratory Care Device Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Respiratory Care Device Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Therapeutic Device
  • Monitoring Device
  • Consumables and Accessories
  1. Respiratory Care Device Market, By Indication, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Chronic Obstructive Pulmonary Devices (COPD)
  • Sleep Apnea
  • Asthama
  • Infectious Disease
  • Other Indications
  1. Respiratory Care Device Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospital
  • Ambulatory Care Centers
  • Home Care Settings
  1. Respiratory Care Device Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Indication
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Indication
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Indication
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Indication
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Indication
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Hill-Rom Holdings Inc.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Philips N.V.
    • Fisher & Paykel Healthcare Ltd.
    • Hamilton Medical AG
    • ResMed Inc.
    • Invacare Corp.
    • Drager Safety AG & Co.
    • KGaA
    • Chart Industries Inc
    • Dickinson & Company
    • Masimo Corp.
    • Medtronic PLC
    • 3B Medical Inc.
    • Medline Industries Inc.
    • Acare Technology Co.
    • Allied Healthcare Inc

 

  1. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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