Therapeutic Respiratory Devices Market is assessed to reach US$ 80.2 Billion by 2033

In 2023, it is predicted that the market for therapeutic respiratory devices will be worth $50.6 billion. The market is anticipated to grow at a CAGR of 4.7% from 2023 to 2033, reaching US$ 80.2 billion by 2033. Because respiratory conditions like COPD and sleep apnea are becoming more common, the market for therapeutic respiratory devices is expected to grow.

The therapeutic respiratory devices market was valued at US$ 47 billion in 2021 and is expected to reach US$ 68.62 billion by 2032, growing at a CAGR of 3.5% from 2022 to 2032.

The sales of therapeutic respiratory devices are being driven by the increased prevalence of respiratory disorders and rapid technical improvements. Furthermore, the market is predicted to increase due to the growing adoption of therapeutic respiratory devices market such as humidifiers, nebulizers, and oxygen concentrators.

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Long-term respiratory therapy for critical care, emergency respiratory devices for rescue applications, and mobile home respiratory devices are among the several types of respiratory devices available. Therapeutic advances in respiratory diseases is an open-access magazine that publishes peer-reviewed original research papers, reviews, and scholarly commentary on cutting-edge research and studies in the treatment of respiratory illnesses.

"Physicians and patients choose respiratory therapy devices for the treatment of respiratory problems owing to the medical intervention in both acute and chronic patient care."

Key Takeaways

Competitive Landscape

Carefusion Corporation, G.E. Healthcare, Chart industries, Philips Healthcare, Compumedics Ltd., Smiths Medical, Covidien PLC, Invacare, Fisher and Paykel, and Mindray are some of the major respiratory device companies.

Acquisitions and mergers, the launch of new products and services, partnerships and joint ventures, MoU agreements, V.C. and funding activities, R&D activities, and geographic expansion, among other noteworthy activities by key players in the therapeutic respiratory devices market, are among the key strategic developments in the competitive landscape.

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Key Segments

By Product:

By Application:

By End-use:

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