From GlobeNewswire: 2025-04-28 08:45:00

The global Respiratory Devices Market was valued at USD 22.62 billion in 2023 and is projected to reach USD 46.10 billion by 2032, growing at a CAGR of 8.27%. Demand is driven by disease conditions like COPD and asthma, as well as advanced technologies like smart inhalers and portable oxygen concentrators.

The U.S. Respiratory Devices Market was valued at USD 6.43 billion in 2023 and is expected to reach USD 12.98 billion by 2032. With a sophisticated healthcare infrastructure and high disease prevalence, the market is dominated by players like Medtronic and ResMed. Initiatives by organizations like the American Lung Association further drive growth.

Therapeutic Devices held the largest revenue share in 2023 at 40%, driven by increasing rates of COPD and asthma. Innovations like smart inhalers and portable oxygen concentrators are enhancing patient compliance and care. Hospitals and Ambulatory Surgical Centers led the market with a 39% revenue share in 2023, catering to acute and chronic respiratory conditions.

Recent developments include GE HealthCare’s strategic acquisition of Iradimed Corporation and partnership with Masimo for pulse oximetry technology integration. North America remains the leading market with 36% of global revenue in 2023, while the Asia-Pacific region shows the fastest growth due to increasing incidence of respiratory diseases.

Europe accounts for a substantial share of the respiratory devices market due to rising respiratory disorders and aging population. The market is driven by stringent environmental laws aimed at reducing pollution levels. Homecare respiratory therapy devices are in high demand in countries like Germany, France, and the UK, supported by favorable insurance coverage and public health campaigns. The market analysis and outlook report for 2024-2032 provides insights on incidence, prevalence, device volume, healthcare spending, and more. SNS Insider offers detailed research and consulting services for clients worldwide to make informed decisions in dynamic market conditions.



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