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Therapeutic Respiratory Devices Market

Therapeutic Respiratory Devices Market: Information by Product (Nebulizers, Humidifiers), Technology (Electrostatic Filtration), Filter (Nebulizer Filter), and Region — Forecast till 2031

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Market Snapshot

market snapshot
Base Year:
Study Period:
9.2 %
Fastest Growing Market:
North America
Largest Market:
Asia Pacific

The therapeutic respiratory devices market was valued at USD 13,606.32million in 2019 and is expected to grow with a CAGR of 9.2% during the forecast period. Therapeutic respiratory devices (TRDs) are intended for medical use to improve pulmonary function, increase lung oxygenation, and facilitate bronchial mucus removal during respiratory therapy.


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Market Dynamics

Mounting Cases of Chronic Respiratory Disorders across the Globe

Increasing the prevalence of chronic respiratory and pulmonary diseases prompts the need for effective therapeutic respirator devices. As per the survey by the Forum of International Respiratory Societies (FIRS), globally, about 100 million adults suffer from a sleep breathing disorder, more than 235 million people suffer from asthma, and about 200 million are diagnosed with COPD. In the developed and developing countries, the incidence rate of respiratory disorders is high due to increasing air pollution and occupational pollutants and smoking, causing inflammation of the airways.


Rising Geriatric Population and Increasing Prevalence of COPD

Geriatric population is highly susceptible to a myriad of diseases, such as COPD, asthma, and lung cancer, and the growing geriatric population prompts the need for effective therapeutic respirator devices. As per the UN figures, the global population aged 60 and above is projected to reach 1.41 billion by 2030. As per the Journal of the Italian Society of Gerontology and Geriatrics, about 10% of the geriatric population in the U.S. suffers from COPD. 

Technological Advancements in Therapeutic Respirator Devices

Prominent market players are actively working to develop highly efficient, easy-to-use, compact, and lightweight devices integrated with software applications to collect and analyze data. Technological advancements in microprocessor-controlled ventilation, combined with the application of modern ventilator modes, have provided opportunities for the multidisciplinary team to enhance the care of critically ill patients. Advanced ventilators are also ideal for all forms of requirements and have several checks and balances in place.

The advent of Bluetooth-enabled devices, connecting to a cloud-based patient engagement platform, helps transform medical-grade data into actionable information, sending it directly to care providers several times a day. The technique helps the patient care teams to track the patients remotely and proactively, allowing for fast and informed clinical decisions such as early intervention. Furthermore, Capnography waveforms is a valuable technological development used for tracking the carbon dioxide levels. Apart from this, the introduction of new technologies such as automatic and stand-alone pressure controllers for mechanical ventilators provides an impetus to the market growth.

Therapeutic Respirator Devices Market: Segmentation

Increasing Demand for Ventilators amidst the Covid-19 Outbreak

The COVID-19 outbreak has disrupted the supply chain, resulting in a shortage of ventilators across the globe. As per the World Health Organization, to date, more than a million people have been infected with the novel coronavirus. The unmet demand for mechanical ventilators has compelled the biomedical engineers and scientists to develop makeshift ventilators using respiratory devices such as PAP, manual resuscitators, nebulizers, and oxygen concentrators.

Increasing cases of respiratory and chronic obstructive pulmonary disease, rising mortality rates in neonates, and increasing numbers of premature births with respiratory disorders are leading to high demand for ventilators. According to the WHO, around 65 million people suffer from the chronic obstructive pulmonary disease (COPD), and 3 million people die from the disease every year, making it the 3rd leading cause of death across the globe.

In addition, the development of economical, precise, miniaturized, and reliable sensors to measure patient variables such as pressure, flows, oxygenation, and actuators provides an impetus to the market growth. Also, the application of mathematical models, control systems, and artificial intelligence to modify the action of the mechanical ventilator as per the patient needs supports the segmental growth. 

HEPA Filter’s Ability to Remove Particulate Matter from Air Drives the Segment Growth

As per the CDC guidelines, the therapeutic respirator devices have to be configured with the HEPA filtration technology for air filtration. As per the U.S. Department of Energy (DOE) Report, HEPA filter strips about 99.97% of all particles beyond 0.3 microns. Apart from this, the advent of washable HEPA filter’s and HEPA 4 technology with minimum reporting value efficiency (MERV) ranking provides an impetus to the market growth.

Regional Overview

Presence of Prominent Market Players to Drive North America’s Market Growth

Therapeutic Respirator Devices Market Regional Analysis

Regional Growth Insights Request Sample Pages

North America dominates the therapeutic respirator devices market as the region is backed by the robust presence of prominent market players, rising healthcare expenditure, and well-develop healthcare sector. Increasing geriatric population and surging prevalence of chronic obstructive pulmonary disease (COPD) have compelled the market players to develop innovative products. As per the World Health Organization (WHO), in 2016, about 251 million people suffered from COPD across the globe. Additionally, government health organizations such as Medicaid and Medicare are actively working to raise awareness regarding COPD and its treatment options, further driving the market growth.

Technological Advancement to Drive Asia-Pacific’s Market Growth

Asia-Pacific holds the highest share in the therapeutic respirator devices market on account of rapid technological advancements and the development of healthcare facilities. The increasing prevalence of asthma is subsequently increasing the demand for therapeutic respirator devices. As per the Global Asthma Initiative (GINA), the people suffering from asthma are projected to reach 100 million by 2025. Increasing disposable income and rapid change in lifestyle provide an impetus to the market growth.

Key Players

  • AirSep Corporation
  • Breas Medical
  • Becton
  • Dickinson and Company
  • Compumedics Limited
  • Fisher & Paykel Healthcare Limited
  • GE Healthcare
  • Hamilton Medical
  • Hill-Rom
  • Inogen
  • Invacare Corporation
  • Medtronic
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Koninklijke Philips N.V.
  • ResMed
  • Smiths Medical
  • Teleflex Incorporated

Report Scope

Report Metric Details
Market Size USD in Billion By 2031
Historical Data 2020-2021
Base Year 2022
Forecast Period 2023-2031
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Product (Nebulizers, Humidifiers), Technology (Electrostatic Filtration), Filter (Nebulizer Filter)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors AirSep Corporation, Breas Medical, Becton, Dickinson and Company, Compumedics Limited, Fisher & Paykel Healthcare Limited, GE Healthcare, Hamilton Medical, Hill-Rom, Inogen, Invacare Corporation, Medtronic, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Koninklijke Philips N.V., ResMed, Smiths Medical, Teleflex Incorporated
Key Market Opportunities High Demand In Medical Devices Sector Is Pushing Therapeutic Respirator Devices Market

Recent Developments

  • In January 2020, Masimo Corporation signed a definitive agreement to acquire the Connected Care assets from NantHealth, Inc.
  • In 2019, CAIRE, launched FreeStyleaCompact Concentrator, designed to supply oxygen bolus as the respiratory rate for the patient. Because of its special ergonomic nature, it is comfortable for wear. This has also complied with FAA requirements for commercial air flights and has wireless access.
  • In November 2019, AdaptHealth Corp., a provider of CPAP and BiPAP machines and supplies and respiratory equipment, acquired the Patient Care Solutions (PCS) business from McKesson Corporation.

Therapeutic Respirator Devices Market: Segmentation

By Product

  • Nebulizers
  • Humidifiers
  • Oxygen Concentrators
  • Positive Airway Pressure Devices
  • Ventilators
  • Capnographs
  • Gas Analysers

 By Technology

  • Electrostatic Filtration
  • HEPA Filter Technology
  • Hollow Fibre Filtration
  • Microsphere Separation

By Filter

  • Nebulizer Filter
  • Humidifier Filter
  • Positive Airway Pressure Devices Filter
  • Oxygen Concentrator Filter
  • Ventilator Filter

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle-East and Africa

Frequently Asked Questions (FAQs)

Ventilators Segment is expected to be a leading segment in Therapeutic Respirator Devices Market during the forecast period.
In 2019 Global Therapeutic Respirator Devices Market was valued at USD 13,606.32million.
AirSep Corporation, Breas Medical, Becton, Dickinson and Company, Compumedics Limited, GE Healthcare, Hamilton Medical, Hill-Rom, Inogen are the top players in Therapeutic Respirator Devices Market.
North America is expected to hold the highest market share in Therapeutic Respirator Devices Market.
Increasing prevalence of chronic respiratory, rising geriatric population, and increasing prevalence of COPD are the key factors expected to drive Therapeutic Respirator Devices Market during the forecast period.
The therapeutic respirator devices market was valued at USD 13,606.32million in 2019 and is expected to grow with a CAGR of 9.2% during the forecast period.
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