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Therapeutic Respiratory Device Trends and Forecast
The future of the global therapeutic respiratory device market looks promising with opportunities in the nebulizer filter, humidifier filter, positive airway pressure devices filter, oxygen concentrator filter, and ventilator filter markets. The global therapeutic respiratory device market is expected to grow with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing prevalance of respiratory diseases, changing lifestyles, and increasing air polutions.
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Therapeutic Respiratory Device by Segment
The study includes a forecast for the global therapeutic respiratory device by product type, technology, filter, and region.
Therapeutic Respiratory Device Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Nebulizers
• Humidifiers
• Oxygen Concentrators
• Positive Airway Pressure Devices
• Ventilators
• Capnographs
• Gas Analyzers
Therapeutic Respiratory Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Electrostatic Filtration
• Hepa Filter Technology
• Hollow Fiber Filtration
• Microsphere Separation
Therapeutic Respiratory Device Market by Filter [Shipment Analysis by Value from 2018 to 2030]:
• Nebulizer Filters
• Humidifier Filters
• Positive Airway Pressure Devices Filter
• Oxygen Concentrator Filters
• Ventilator Filters
Therapeutic Respiratory Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Therapeutic Respiratory Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies therapeutic respiratory device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the therapeutic respiratory device companies profiled in this report include-
• GE Healthcare
• Koninklijke Philips
• ICU Medical
• Invacare Corporation
• Medtronic
• Fisher & Paykel Healthcare
• Resmed
• Linde
• Mindray
• Chart Industries
Therapeutic Respiratory Device Market Insights
Lucintel forecasts that oxygen concentrators will remain the largest segment over the forecast period due to rising demand for home oxygen therapy and growing cases of respiratory diseases.
Within this market, humidifier filters is expected to witness the highest growth due to growing usage in households, healthcare institutions, hospitals, and schools.
North America will remain the largest region over the forecast period due to favorable reimbursement policies and growing cases of COPD, pneumonia, and asthma in the region.
Features of the Global Therapeutic Respiratory Device Market
Market Size Estimates: Therapeutic respiratory device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Therapeutic respiratory device market size by product type, technology, filter, and region in terms of value ($B).
Regional Analysis: Therapeutic respiratory device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, technologies, filters, and regions for the therapeutic respiratory device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the therapeutic respiratory device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for therapeutic respiratory device market?
Answer: The global therapeutic respiratory device market is expected to grow with a CAGR of 9.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the therapeutic respiratory device market?
Answer: The major drivers for this market are growing prevalance of respiratory diseases, changing lifestyles and increasing air polutions.
Q3. What are the major segments for therapeutic respiratory device market?
Answer: The future of the therapeutic respiratory device market looks promising with opportunities in the nebulizer filter, humidifier filter, positive airway pressure devices filter, oxygen concentrator filter, and ventilator filter markets.
Q4. Who are the key therapeutic respiratory device market companies?
Answer: Some of the key therapeutic respiratory device companies are as follows:
• GE Healthcare
• Koninklijke Philips
• ICU Medical
• Invacare Corporation
• Medtronic
• Fisher & Paykel Healthcare
• Resmed
• Linde
• Mindray
• Chart Industries
Q5. Which therapeutic respiratory device market segment will be the largest in future?
Answer: Lucintel forecasts that oxygen concentrators will remain the largest segment over the forecast period due to rising demand for home oxygen therapy and growing cases of respiratory diseases.
Q6. In therapeutic respiratory device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to favorable reimbursement policies and growing cases of COPD, pneumonia, and asthma in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the therapeutic respiratory device market by product type (nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices, ventilators, capnographs, and gas analyzers), technology (electrostatic filtration, hepa filter technology, hollow fiber filtration, and microsphere separation), filter (nebulizer filters, humidifier filters, positive airway pressure devices filter, oxygen concentrator filters, and ventilator filters), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to therapeutic respiratory device market or related to therapeutic respiratory device companies, therapeutic respiratory device market size, therapeutic respiratory device market share, therapeutic respiratory device market growth, therapeutic respiratory device market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Therapeutic Respiratory Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Therapeutic Respiratory Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Therapeutic Respiratory Device Market by Product Type
3.3.1: Nebulizers
3.3.2: Humidifiers
3.3.3: Oxygen Concentrators
3.3.4: Positive Airway Pressure Devices
3.3.5: Ventilators
3.3.6: Capnographs
3.3.7: Gas Analyzers
3.4: Global Therapeutic Respiratory Device Market by Technology
3.4.1: Electrostatic Filtration
3.4.2: HEPA Filter Technology
3.4.3: Hollow Fiber Filtration
3.4.4: Microsphere Separation
3.5: Global Therapeutic Respiratory Device Market by Filter
3.5.1: Nebulizer Filters
3.5.2: Humidifier Filters
3.5.3: Positive Airway Pressure Devices Filter
3.5.4: Oxygen Concentrator Filters
3.5.5: Ventilator Filters
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Therapeutic Respiratory Device Market by Region
4.2: North American Therapeutic Respiratory Device Market
4.2.1: North American Therapeutic Respiratory Device Market by Product Type: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers
4.2.2: North American Therapeutic Respiratory Device Market by Filter: Nebulizer Filters, Humidifier Filters, Positive Airway Pressure Devices Filter, Oxygen Concentrator Filters, and Ventilator Filters
4.3: European Therapeutic Respiratory Device Market
4.3.1: European Therapeutic Respiratory Device Market by Product Type: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers
4.3.2: European Therapeutic Respiratory Device Market by Filter: Nebulizer Filters, Humidifier Filters, Positive Airway Pressure Devices Filter, Oxygen Concentrator Filters, and Ventilator Filters
4.4: APAC Therapeutic Respiratory Device Market
4.4.1: APAC Therapeutic Respiratory Device Market by Product Type: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers
4.4.2: APAC Therapeutic Respiratory Device Market by Filter: Nebulizer Filters, Humidifier Filters, Positive Airway Pressure Devices Filter, Oxygen Concentrator Filters, and Ventilator Filters
4.5: ROW Therapeutic Respiratory Device Market
4.5.1: ROW Therapeutic Respiratory Device Market by Product Type: Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, and Gas Analyzers
4.5.2: ROW Therapeutic Respiratory Device Market by Filter: Nebulizer Filters, Humidifier Filters, Positive Airway Pressure Devices Filter, Oxygen Concentrator Filters, and Ventilator Filters
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Therapeutic Respiratory Device Market by Product Type
6.1.2: Growth Opportunities for the Global Therapeutic Respiratory Device Market by Technology
6.1.3: Growth Opportunities for the Global Therapeutic Respiratory Device Market by Filter
6.1.4: Growth Opportunities for the Global Therapeutic Respiratory Device Market by Region
6.2: Emerging Trends in the Global Therapeutic Respiratory Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Therapeutic Respiratory Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Therapeutic Respiratory Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: GE Healthcare
7.2: Koninklijke Philips
7.3: ICU Medical
7.4: Invacare Corporation
7.5: Medtronic
7.6: Fisher & Paykel Healthcare
7.7: ResMed
7.8: Linde
7.9: Mindray
7.10: Chart Industries
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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