Return to: Medical NewsDemand for Respiratory Care Devices is Anticipated to Reach $39 billion by 2030, Bolstered by Increasing Geriatric Population and Environmental PollutionIndustry Experts, Inc., has released its latest report on Respiratory Care Devices market, which projects the demand for the same to reach US$39.2 billion by 2030 from an estimated US$24.4 billion in 2024 at a CAGR of 8.2% between the two years. The respiratory care devices market growth is propelled by the increasing incidence of respiratory disorders such as asthma, COPD, and sleep apnea, primarily due to factors like environmental pollution, smoking, and unhealthy lifestyle choices. The rise of urban living and exposure to air pollutants are leading to a surge in respiratory health issues. The geriatric population, which is more vulnerable to respiratory problems, is also a major factor driving this growth, along with increased awareness regarding the significance of prompt diagnosis and treatment. Technological advancements featuring portable nebulizers and smart inhalers have improved patient adherence to treatment and outcomes. North America is the dominant market for global respiratory care devices, accounting for 40.2% of the market share in 2024 due to the rising incidence of respiratory conditions such as COPD, asthma, and sleep apnea, especially in the United States. This region enjoys a robust healthcare infrastructure, swift adoption of advanced technologies, and significant healthcare spending, which enables access to innovative respiratory devices. Additionally, the growing aging population in this region increases these devices demand. Conversely, the Asia-Pacific region is projected to witness the fastest growth rate with a CAGR of 9.3% during the forecast period 2024-2030. The report studies the respiratory care devices market across all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World. The market for major types of respiratory care devices analyzed in this report includes Therapeutic Devices, Monitoring Devices, Diagnostic Devices and Consumables & Accessories. The study also examines the market for respiratory care devices by indication comprising Chronic Obstructive Pulmonary Disease (COPD), Obstructive Sleep Apnea (OSA), Asthma, Infectious Diseases and Others (Including Chronic Bronchitis, Lung cancer, Cystic Fibrosis/Bronchiectasis, Emphysema, and Others). With regard to end-user facility, the global market for respiratory care devices has been categorized into Hospitals & Clinics, Home Care Settings and Ambulatory Care Centers. About Industry Experts, Inc. Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Demand for Respiratory Care Devices is Anticipated to Reach $39 billion by 2030, Bolstered by Increasing Geriatric Population and Environmental Pollution Submitted on: January 30, 2025 05:39:07 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/medical-equipment-supplies/global-respiratory-care-devices-market |