Global Respiratory Devices Market (Therapeutic, Diagnostic & Monitoring): Insights and Forecast with Potential Impact of COVID-19 (2020-2024)
The global respiratory devices market is forecasted to reach US$30.77 billion in 2024, growing at a CAGR of 5.93% for the period spanning 2020-2024. The factors such as increasing chronic respiratory disease incidence, inclining geriatric population, accelerating economic development, rising personal healthcare expenditures, growing pollution levels, improving consumer confidence and improvement in respiratory devices manufacturing process are expected to drive the market. However, growth of the industry would be challenged by the competitive pressure and stringent regulation. Few notable trends include rising med-tech research and development expenditures, accelerating smart inhaler industry, technological advancements in ventilators and improving consumer bargaining power in developing economies.
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the respiratory market as the demand for masks, respirators, protective clothing, and gloves have increased significantly not limited to healthcare sector but also to other industries.
On the basis of product type, the global respiratory devices industry is broadly bifurcated into therapeutic (nebulizers, ventilators, Positive Air Pressure (PAP), humidifiers, etc.), diagnostic & monitoring (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, etc.) and others i.e. consumables & accessories (mainly masks & breathing circuits).
The fastest growing regional market is North America due to increasing requirement of respiratory equipment in chemical R&D activities, launch of price benefits of home care machines and facilities related to hospital treatment by government. The U.S. represents one of the largest market and is already well-penetrated at developed market levels.
Scope of the report:
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the respiratory market as the demand for masks, respirators, protective clothing, and gloves have increased significantly not limited to healthcare sector but also to other industries.
On the basis of product type, the global respiratory devices industry is broadly bifurcated into therapeutic (nebulizers, ventilators, Positive Air Pressure (PAP), humidifiers, etc.), diagnostic & monitoring (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, etc.) and others i.e. consumables & accessories (mainly masks & breathing circuits).
The fastest growing regional market is North America due to increasing requirement of respiratory equipment in chemical R&D activities, launch of price benefits of home care machines and facilities related to hospital treatment by government. The U.S. represents one of the largest market and is already well-penetrated at developed market levels.
Scope of the report:
- The report provides a comprehensive analysis of the global respiratory devices market segmented on the basis of product types i.e. therapeutic devices & diagnostics & monitoring device and on the basis of application i.e. COPD, Asthma and Sleep Apnea.
- The major regional markets (North America, Europe and Asia-Pacific) have been analysed along with country coverage of US, Germany, UK, France and China.
- The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players i.e. Koninklijke Philips N.V., Masimo Corporation, Invacare Corporation, ResMed Inc, Fisher & Paykel Healthcare Corporation Limited and Medtronic PLC.
- Respiratory Device Manufacturers
- Raw Material Suppliers
- End Users
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
1. MARKET OVERVIEW
1.1 Introduction
1.2 Types of Respiratory Devices
1.3 Respiratory Device Supply Chain Analysis
2. IMPACT OF COVID-19
2.1 Introduction
2.2 Decline in Global GDP Growth
2.3 Change in Organic Traffic
2.4 Disruption of Supply Chain
2.5 Growth in Spending on Healthcare
2.6 Government Initiatives
2.7 Respiratory Mask Consumption
2.8 Regional Analysis - US
2.9 Regional Analysis - Europe
2.10 Regional Analysis - Asia
3. GLOBAL RESPIRATORY DEVICES MARKET ANALYSIS
3.1 Global Respiratory Devices Market Value
3.2 Global Respiratory Devices Market Value Forecast
3.3 Global Respiratory Devices Market Value by Segments
3.3.1 Global Therapeutic Respiratory Devices Market Value
3.3.2 Global Therapeutic Respiratory Devices Market Value Forecast
3.3.3 Global Therapeutic Respiratory Devices Market Value by Segments
3.3.4 Global PAP Devices Market Value
3.3.5 Global PAP Devices Market Value Forecast
3.3.6 Global Ventilators Market Value
3.3.7 Global Ventilators Market Value Forecast
3.3.8 Global Nebulizers Market Value
3.3.9 Global Nebulizers Market Value Forecast
3.3.10 Global Diagnostic & Monitoring Respiratory Devices Market Value
3.3.11 Global Diagnostic & Monitoring Respiratory Devices Market Value Forecast
3.3.12 Global Diagnostic & Monitoring Respiratory Devices Market Value by Segment
3.3.13 Global Spirometers Market Value
3.3.14 Global Spirometers Market Value Forecast
3.3.15 Global Pulse Oximeter Market Value
3.3.16 Global Pulse Oximeter Market Value Forecast
3.3.17 Global Capnograph Market Value
3.3.16 Global Capnograph Market Value Forecast
3.4 Global Respiratory Devices Market Value by Applications
3.5 Global Respiratory Devices Market Value by Region
4. REGIONAL RESPIRATORY DEVICES MARKET ANALYSIS
4.1 North America
4.1.1 North America Respiratory Devices Market Value
4.1.2 North America Respiratory Devices Market Value Forecast
4.1.3 North America Respiratory Devices Market Value by Country
4.1.4 The U.S. Respiratory Devices Market Value
4.1.5 The U.S. Respiratory Devices Market Value Forecast
4.2 Europe
4.2.1 Europe Respiratory Devices Market Value
4.2.2 Europe Respiratory Devices Market Value Forecast
4.2.3 Europe Respiratory Devices Market Value by Country
4.2.4 Germany Respiratory Devices Market Value
4.2.5 Germany Respiratory Devices Market Value Forecast
4.2.6 The U.K. Respiratory Devices Market Value
4.2.7 The U.K. Respiratory Devices Market Value Forecast
4.2.8 France Respiratory Devices Market Value
4.2.9 France Respiratory Devices Market Value Forecast
4.3 Asia-Pacific
4.3.1 Asia-Pacific Respiratory Devices Market Value
4.3.2 Asia-Pacific Respiratory Market Value Forecast
4.3.5 China Respiratory Devices Market Value
4.3.4 China Respiratory Devices Market Value Forecast
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Increasing Chronic Respiratory Disease Incidence
5.1.2 Inclining Geriatric Population
5.1.3 Accelerating Economic Development
5.1.4 Rising Personal HealthCare Expenditures
5.1.5 Growing Pollution Levels
5.1.6 Improving Consumer Confidence
5.1.7 Improvement in Respiratory Devices Manufacturing Process
5.2 Key Trends and Developments
5.2.1 Rising Med-Tech Research and Development Expenditures
5.2.2 Accelerating Smart Inhaler Industry
5.2.3 Technological Advancements in Ventilators
5.2.4 Improving Consumer Bargaining Power in Developing Economies
5.3 Challenges
5.3.1 Competitive Pressure
5.3.2 Stringent Regulations
6. COMPETITIVE LANDSCAPE
6.1 Global Market
6.1.1 Key Players – Revenue Comparison
6.1.2 Key Players – Market Cap Comparison
7. COMPANY PROFILES
7.1 Koninklijke Philips N.V.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Masimo Corporation
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Invacare Corporation
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 ResMed Inc.
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Fisher & Paykel Healthcare Corporation Limited
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Medtronic PLC
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies
1.1 Introduction
1.2 Types of Respiratory Devices
1.3 Respiratory Device Supply Chain Analysis
2. IMPACT OF COVID-19
2.1 Introduction
2.2 Decline in Global GDP Growth
2.3 Change in Organic Traffic
2.4 Disruption of Supply Chain
2.5 Growth in Spending on Healthcare
2.6 Government Initiatives
2.7 Respiratory Mask Consumption
2.8 Regional Analysis - US
2.9 Regional Analysis - Europe
2.10 Regional Analysis - Asia
3. GLOBAL RESPIRATORY DEVICES MARKET ANALYSIS
3.1 Global Respiratory Devices Market Value
3.2 Global Respiratory Devices Market Value Forecast
3.3 Global Respiratory Devices Market Value by Segments
3.3.1 Global Therapeutic Respiratory Devices Market Value
3.3.2 Global Therapeutic Respiratory Devices Market Value Forecast
3.3.3 Global Therapeutic Respiratory Devices Market Value by Segments
3.3.4 Global PAP Devices Market Value
3.3.5 Global PAP Devices Market Value Forecast
3.3.6 Global Ventilators Market Value
3.3.7 Global Ventilators Market Value Forecast
3.3.8 Global Nebulizers Market Value
3.3.9 Global Nebulizers Market Value Forecast
3.3.10 Global Diagnostic & Monitoring Respiratory Devices Market Value
3.3.11 Global Diagnostic & Monitoring Respiratory Devices Market Value Forecast
3.3.12 Global Diagnostic & Monitoring Respiratory Devices Market Value by Segment
3.3.13 Global Spirometers Market Value
3.3.14 Global Spirometers Market Value Forecast
3.3.15 Global Pulse Oximeter Market Value
3.3.16 Global Pulse Oximeter Market Value Forecast
3.3.17 Global Capnograph Market Value
3.3.16 Global Capnograph Market Value Forecast
3.4 Global Respiratory Devices Market Value by Applications
3.5 Global Respiratory Devices Market Value by Region
4. REGIONAL RESPIRATORY DEVICES MARKET ANALYSIS
4.1 North America
4.1.1 North America Respiratory Devices Market Value
4.1.2 North America Respiratory Devices Market Value Forecast
4.1.3 North America Respiratory Devices Market Value by Country
4.1.4 The U.S. Respiratory Devices Market Value
4.1.5 The U.S. Respiratory Devices Market Value Forecast
4.2 Europe
4.2.1 Europe Respiratory Devices Market Value
4.2.2 Europe Respiratory Devices Market Value Forecast
4.2.3 Europe Respiratory Devices Market Value by Country
4.2.4 Germany Respiratory Devices Market Value
4.2.5 Germany Respiratory Devices Market Value Forecast
4.2.6 The U.K. Respiratory Devices Market Value
4.2.7 The U.K. Respiratory Devices Market Value Forecast
4.2.8 France Respiratory Devices Market Value
4.2.9 France Respiratory Devices Market Value Forecast
4.3 Asia-Pacific
4.3.1 Asia-Pacific Respiratory Devices Market Value
4.3.2 Asia-Pacific Respiratory Market Value Forecast
4.3.5 China Respiratory Devices Market Value
4.3.4 China Respiratory Devices Market Value Forecast
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Increasing Chronic Respiratory Disease Incidence
5.1.2 Inclining Geriatric Population
5.1.3 Accelerating Economic Development
5.1.4 Rising Personal HealthCare Expenditures
5.1.5 Growing Pollution Levels
5.1.6 Improving Consumer Confidence
5.1.7 Improvement in Respiratory Devices Manufacturing Process
5.2 Key Trends and Developments
5.2.1 Rising Med-Tech Research and Development Expenditures
5.2.2 Accelerating Smart Inhaler Industry
5.2.3 Technological Advancements in Ventilators
5.2.4 Improving Consumer Bargaining Power in Developing Economies
5.3 Challenges
5.3.1 Competitive Pressure
5.3.2 Stringent Regulations
6. COMPETITIVE LANDSCAPE
6.1 Global Market
6.1.1 Key Players – Revenue Comparison
6.1.2 Key Players – Market Cap Comparison
7. COMPANY PROFILES
7.1 Koninklijke Philips N.V.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Masimo Corporation
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Invacare Corporation
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 ResMed Inc.
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Fisher & Paykel Healthcare Corporation Limited
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Medtronic PLC
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies
LIST OF FIGURES
Respiratory Device Supply Chain Analysis
Global GDP Growth Rate (2005-2020)
Organic Traffic Growth or Decline due to COVID-19 (2020)
The U.S. Government Share of Healthcare Spending (2020-2027)
Global Respiratory Mask Consumption (2019/2020)
Global Respiratory Devices Market Value (2015-2019)
Global Respiratory Devices Market Value Forecast (2020-2024)
Global Respiratory Devices Market Value by Segments (2019)
Global Therapeutic Respiratory Devices Market Value (2015-2019)
Global Therapeutic Respiratory Devices Market Value Forecast (2020-2024)
Global Therapeutic Respiratory Devices Market Value by Segments (2019)
Global PAP Devices Market Value (2015-2019)
Global PAP Devices Market Value Forecast (2020-2024)
Global Ventilators Market Value (2015-2019)
Global Ventilators Market Value Forecast (2020-2024)
Global Nebulizers Market Value (2015-2019)
Global Nebulizers Market Value Forecast (2020-2024)
Global Diagnostic & Monitoring Respiratory Devices Market Value (2015-2019)
Global Diagnostic & Monitoring Respiratory Devices Market Value Forecast (2020-2024)
Global Diagnostic & Monitoring Respiratory Devices Market Value by Segment (2019)
Global Spirometers Market Value (2015-2019)
Global Spirometers Market Value Forecast (2020-2024)
Global Pulse Oximeter Market Value (2015-2019)
Global Pulse Oximeter Market Value Forecast (2020-2024)
Global Capnograph Market Value (2015-2019)
Global Capnograph Market Value Forecast (2020-2024)
Global Respiratory Devices Market Value by Applications (2019)
Global Respiratory Devices Market Value by Region (2019)
North America Respiratory Devices Market Value (2015-2019)
North America Respiratory Devices Market Value Forecast (2020-2024)
North America Respiratory Devices Market Value by Country (2019)
The U.S. Respiratory Devices Market Value (2015-2019)
The U.S. Respiratory Devices Market Value Forecast (2020-2024)
Europe Respiratory Devices Market Value (2015-2019)
Europe Respiratory Devices Market Value Forecast (2020-2024)
Europe Respiratory Devices Market Value by Country (2019)
Germany Respiratory Devices Market Value (2015-2019)
Germany Respiratory Devices Market Value Forecast (2020-2024)
The U.K. Respiratory Devices Market Value (2015-2019)
The U.K. Respiratory Devices Market Value Forecast (2020-2024)
France Respiratory Devices Market Value (2015-2019)
France Respiratory Devices Market Value Forecast (2020-2024)
Asia-Pacific Respiratory Devices Market Value (2015-2019)
Asia-Pacific Respiratory Market Value Forecast (2020-2024)
China Respiratory Devices Market Value (2015-2019)
China Respiratory Devices Market Value Forecast (2020-2024)
Global Chronic Respiratory Disease Growth (2019)
Global Geriatric Population (2015-2019)
Global GDP per Capita (2015-2019)
Global Healthcare Expenditure per Capita (2015-2019)
Global Carbon Dioxide Emissions (2015-2019)
The U.S. and Europe Consumer Confidence Index (2015-2019)
Global Med-Tech Research and Development Expenditures (2015-2019)
Global Smart Inhaler Industry (2019-2024)
Key Players – Market Cap Comparison
Philips Sales and Net Income (Loss) (2015-2019)
Philips Sales by Segment (2019)
Masimo Corp. Revenues and Net Income (2015-2019)
Masimo Corp. Revenues by Region (2019)
Invacare Corp. Net Sales and Net Loss (2015-2019)
Invacare Corp. Net Sales by Region (2019)
ResMed Ne Revenues and Net Income (2015-2019)
ResMed Net Revenues by Segment (2019)
ResMed Net Revenues by Region (2019)
Fisher & Paykel Healthcare Revenues and Profit (2015-2019)
Fisher & Paykel Healthcare Revenues by Segment (2019)
Fisher & Paykel Healthcare Revenues by Region (2019)
Medtronic Net Sales and Net Income (2015-2019)
Medtronic Net Sales by Segment (2019)
Medtronic Net Sales by Region (2019)
Respiratory Device Supply Chain Analysis
Global GDP Growth Rate (2005-2020)
Organic Traffic Growth or Decline due to COVID-19 (2020)
The U.S. Government Share of Healthcare Spending (2020-2027)
Global Respiratory Mask Consumption (2019/2020)
Global Respiratory Devices Market Value (2015-2019)
Global Respiratory Devices Market Value Forecast (2020-2024)
Global Respiratory Devices Market Value by Segments (2019)
Global Therapeutic Respiratory Devices Market Value (2015-2019)
Global Therapeutic Respiratory Devices Market Value Forecast (2020-2024)
Global Therapeutic Respiratory Devices Market Value by Segments (2019)
Global PAP Devices Market Value (2015-2019)
Global PAP Devices Market Value Forecast (2020-2024)
Global Ventilators Market Value (2015-2019)
Global Ventilators Market Value Forecast (2020-2024)
Global Nebulizers Market Value (2015-2019)
Global Nebulizers Market Value Forecast (2020-2024)
Global Diagnostic & Monitoring Respiratory Devices Market Value (2015-2019)
Global Diagnostic & Monitoring Respiratory Devices Market Value Forecast (2020-2024)
Global Diagnostic & Monitoring Respiratory Devices Market Value by Segment (2019)
Global Spirometers Market Value (2015-2019)
Global Spirometers Market Value Forecast (2020-2024)
Global Pulse Oximeter Market Value (2015-2019)
Global Pulse Oximeter Market Value Forecast (2020-2024)
Global Capnograph Market Value (2015-2019)
Global Capnograph Market Value Forecast (2020-2024)
Global Respiratory Devices Market Value by Applications (2019)
Global Respiratory Devices Market Value by Region (2019)
North America Respiratory Devices Market Value (2015-2019)
North America Respiratory Devices Market Value Forecast (2020-2024)
North America Respiratory Devices Market Value by Country (2019)
The U.S. Respiratory Devices Market Value (2015-2019)
The U.S. Respiratory Devices Market Value Forecast (2020-2024)
Europe Respiratory Devices Market Value (2015-2019)
Europe Respiratory Devices Market Value Forecast (2020-2024)
Europe Respiratory Devices Market Value by Country (2019)
Germany Respiratory Devices Market Value (2015-2019)
Germany Respiratory Devices Market Value Forecast (2020-2024)
The U.K. Respiratory Devices Market Value (2015-2019)
The U.K. Respiratory Devices Market Value Forecast (2020-2024)
France Respiratory Devices Market Value (2015-2019)
France Respiratory Devices Market Value Forecast (2020-2024)
Asia-Pacific Respiratory Devices Market Value (2015-2019)
Asia-Pacific Respiratory Market Value Forecast (2020-2024)
China Respiratory Devices Market Value (2015-2019)
China Respiratory Devices Market Value Forecast (2020-2024)
Global Chronic Respiratory Disease Growth (2019)
Global Geriatric Population (2015-2019)
Global GDP per Capita (2015-2019)
Global Healthcare Expenditure per Capita (2015-2019)
Global Carbon Dioxide Emissions (2015-2019)
The U.S. and Europe Consumer Confidence Index (2015-2019)
Global Med-Tech Research and Development Expenditures (2015-2019)
Global Smart Inhaler Industry (2019-2024)
Key Players – Market Cap Comparison
Philips Sales and Net Income (Loss) (2015-2019)
Philips Sales by Segment (2019)
Masimo Corp. Revenues and Net Income (2015-2019)
Masimo Corp. Revenues by Region (2019)
Invacare Corp. Net Sales and Net Loss (2015-2019)
Invacare Corp. Net Sales by Region (2019)
ResMed Ne Revenues and Net Income (2015-2019)
ResMed Net Revenues by Segment (2019)
ResMed Net Revenues by Region (2019)
Fisher & Paykel Healthcare Revenues and Profit (2015-2019)
Fisher & Paykel Healthcare Revenues by Segment (2019)
Fisher & Paykel Healthcare Revenues by Region (2019)
Medtronic Net Sales and Net Income (2015-2019)
Medtronic Net Sales by Segment (2019)
Medtronic Net Sales by Region (2019)
LIST OF TABLES
Manufacturing PMI of Selected Countries (March 2020)
Key Players – Revenue Comparison (2019)
Philips Segment Description
Invacare Corp. Segment Portfolio
Fisher & Paykel Healthcare Segment Portfolio
Manufacturing PMI of Selected Countries (March 2020)
Key Players – Revenue Comparison (2019)
Philips Segment Description
Invacare Corp. Segment Portfolio
Fisher & Paykel Healthcare Segment Portfolio
