Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Respiratory Devices Market – Insights

Respiratory devices are medical devices that are used to assist a patient suffering from breathing problems. These devices are used in management and treatment of disorders such as fibrosis, asthma, chronic obstructive pulmonary disease (COPD), and acute respiratory distress syndrome (ARDS).

The global respiratory devices market is estimated to account for US$ 16,878.0 Mn in terms of value in 2019 and is expected to reach US$ 34,178.1 Mn by the end of 2027.

Global Respiratory Devices Market: Drivers

High prevalence of COPD and obstructive sleep apnea is expected to propel growth of the global respiratory devices market over the forecast period. For instance, according to a report by Global Initiative for Chronic Obstruction Disease’s 2018 report, COPD is expected to result in 4.5 million global deaths annually by 2030.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

North America region held dominant position in the global respiratory devices market in 2018, accounting for 41.9% share in terms of value, followed by 2027.

Respiratory Devices  | Coherent Market Insights

Global Respiratory Devices Market: Restraints

Tempering in respiratory devices is expected to hinder growth of the market. For instance, in July 2019, researchers from CyberMDX reported identifying a susceptibility related to the GE Aestiva and GE Aespire devices, which could lead to unauthorized gas composition input, manipulation of barometric pressure settings and anesthetic agent type selection, remote silencing of alarms, and, alteration of date and time settings.

Moreover, high cost of respiratory devices is also expected to hinder growth of the market. For instance, the cost of a primary portable oxygen concentrator ranges between US$ 2,665 and US$ 3,243.

Global Respiratory Devices Market: Opportunities

R&D of multifunctional polymer composites is expected to offer lucrative growth opportunities for players in the global respiratory devices market. For instance, in February 2020, researchers from National Research Institute, Poland, reported development of a multifunctional polymer composite from polypropylene and poly (ethylene terephthalate) for filtering respiratory protective devices.

Increasing number of pre-term births is also expected to aid in growth of the market. For instance, according to March of Dimes 2019 report card, the preterm birth rate in the U.S. reached 10.02% in 2018 from 9.63% in 2015.

Respiratory Devices  | Coherent Market Insights

Positive airway pressure devices segment in the global respiratory devices market was valued at US$ 4,551.5 Mn in 2018 and is expected to reach US$ 11,814.6 Mn by 2027 at a CAGR of 11.1% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing development of portable devices for the treatment of ARDS. For instance, in August 2019, researchers from University of Michigan developed a portable device that analyzes a patient’s breath to provide quick and objective results that can help to manage ARDS.

Market players are focused on offering multifunctional devices. For instance, Ventec Life Systems offers VOCSN, an integrated ventilator system that uses one machine to perform mechanical ventilation, oxygen delivery, cough assist, suction, and nebulization.

Regulations

U.S.

  • Medical gases are drugs within the meaning of section 201(g)(1) of the Federal Food, Drug, and Cosmetic Act (FD&C Act) (21 U.S.C. 321(g)(1)) and, pursuant to section 503(b)(1)(A) of the FD&C Act (21 U.S.C. 353(b)(1)(A)), are required to be dispensed by prescription.
  • Medical gases are regulated as finished pharmaceuticals regardless of the stage of processing. Medical gases must be manufactured (e.g., processed, filled, transfilled, mixed, purified, separated, cascaded, transferred, packaged, and distributed) using CGMP, as set forth in 21 CFR Parts 210 and 211 and in conformance with current industry practice. The FD&C Act requires that a drug, including the finished dosage form and its components, meet CGMPs to assure drug safety, identity, strength, quality, and purity
  • Firms manufacturing compressed medical gases are subject to issuance of Form 483 upon non-conformance with CGMP guidelines
  • Common discrepancies noted in manufacturing and supply include
    • Inadequate label control
    • False or misleading label, label contains an inaccurate statement of the contents, or label contains inadequate directions for use (however, do not cite on FDA 483 as per IOM instructions 5.2.3.3 - Non-Reportable Observations)
    • Inadequate cylinder prefill inspections and procedures, particularly failure to perform those intended to remove or detect residual gases or other contaminants in the cylinders
  • On November 18, 2016 (81 FR 81685), FDA published a final rule “Medical Gas Containers and Closures; Current Good Manufacturing Practice Requirements” that is expected to keep a check on labelling errors and also reduce the likelihood of the wrong gas being connected to a supply system by requiring gas-specific outlet connections

Value Chain Analysis

Respiratory Devices  | Coherent Market Insights

Global Respiratory Devices Market: Competitive Landscape 

Major players operating in the global respiratory devices market include, Masimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed. Inc., Hamilton Medical AG, Medtronic PLC, Koninklijke Philips N.V., Smiths Medical, General Electric Healthcare Limited, Drägerwerk AG & Co. KGaA, and Inogen Inc.

Global Respiratory Devices Market: Key Developments

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2020, Masimo Corporation signing of a definitive agreement to acquire the Connected Care assets from NantHealth, Inc.

Similarly, in November 2019, AdaptHealth Corp., a provider of CPAP and BiPAP machines and supplies and respiratory equipment, entered into a definitive agreement to acquire the Patient Care Solutions (PCS) business from McKesson Corporation.

 

Respiratory system is a biological system consisting of specific organs and structures used for gas (CO2 and O2) exchange. If there is a problem in functioning of the respiratory system then the condition may lead to Chronic Obstructive Pulmonary Disease, emphysema, bronchiectasis, asthma, chronic bronchitis or pulmonary fibrosis and others. To treat such conditions several respiratory devices are required, such as positive expiratory pressure, high frequency chest wall oscillation, oral high frequency oscillation, intrapulmonary percussive ventilation, incentive spirometry, and the flutter device. The pulmonary gas exchange is disturbed during general anesthesia, both oxygenation and elimination of carbon dioxide are impaired. The shape of the chest wall alters after the induction of anesthesia-paralysis in recumbent subjects, and its motion during inspiration is also altered. There are several respiratory therapeutic devices used in treating such conditions such as positive expiratory pressure, inhalers, humidifiers, oxygen concentrators, reusable resuscitators, respiratory masks, ventilators, and others.

Restraints of the Global Respiratory Devices Market

Factors such as frequent product recalls affect distribution of the products leading to shortages which affects the growth of the market up to certain extent. Moreover, high cost of respiratory devices is also expected to hinder growth of the market. For instance, the cost of a primary portable oxygen concentrator ranges between US$ 2,665 and US$ 3,243.

Key features of the study:

  • This report provides in-depth analysis of the global respiratory devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global respiratory devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Masimo Corporation, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, ResMed. Inc., Hamilton Medical AG, Medtronic PLC, Koninklijke Philips N.V., Smiths Medical, General Electric Healthcare Limited, Drägerwerk AG & Co. KGaA, and Inogen Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global respiratory devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Respiratory Devices Market, By Product Type:
    • Respiratory Consumables
      • Respiratory Mask
      • Nasal Cannulas
      • Tracheostomy Tubes and Oxygen Tubes
      • Other Accessories and Consumables
    • Nebulizers
      • Compressed Jet Nebulizers
      • Ultrasonic Nebulizers
      • Mesh Nebulizers
    • Oxygen Concentrators
      • Home Oxygen Concentrators
      • Portable Oxygen Concentrators
    • Positive airway pressure devices
    • Polysomnography Devices
      • Ambulatory PSG
      • Clinical PSG
    • Pulse Oximeters
    • Mechanical Ventilators
    • Spirometers
  • Global Respiratory Devices Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Long Term Care Centers
    • Others
  • Global Respiratory Devices Market, By Geography:
    • North America
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Respiratory Consumables
          • Respiratory Mask
          • Nasal Cannulas
          • Tracheostomy Tubes and Oxygen Tubes
          • Other Accessories and Consumables
        • Nebulizers
          • Compressed Jet Nebulizers
          • Ultrasonic Nebulizers
          • Mesh Nebulizers
        • Oxygen Concentrators
          • Home Oxygen Concentrators
          • Portable Oxygen Concentrators
        • Positive airway pressure devices
        • Polysomnography Devices
          • Ambulatory PSG
          • Clinical PSG
        • Pulse Oximeters
        • Mechanical Ventilators
        • Spirometers
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Long Term Care Centers
        • Others
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Masimo Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Teleflex Incorporated
    • Fisher & Paykel Healthcare Limited
    • ResMed. Inc.
    • Hamilton Medical AG
    • Medtronic PLC
    • Koninklijke Philips N.V.
    • Smiths Medical
    • General Electric Healthcare Limited
    • Drägerwerk AG & Co. KgaA
    • Inogen Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
  4. Global Respiratory Devices Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Respiratory Consumables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Respiratory Mask
        • Nasal Cannulas
        • Tracheostomy Tubes and Oxygen Tubes
        • Other Accessories and Consumables
    • Nebulizers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Compressed Jet Nebulizers
        • Ultrasonic Nebulizers
        • Mesh Nebulizers
    • Oxygen Concentrators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Home Oxygen Concentrators
        • Portable Oxygen Concentrators
    • Positive airway pressure devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Polysomnography Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Ambulatory PSG
        • Clinical PSG
    • Pulse Oximeters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Spirometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Respiratory Devices Market, By End User, 2016 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Long Term Care Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Respiratory Devices Market, By Regions, 2016 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Masimo Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Teleflex Incorporated
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Fisher & Paykel Healthcare Limited
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • ResMed. Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Hamilton Medical AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic PLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Smiths Medical
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • General Electric Healthcare Limited
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Drägerwerk AG & Co. KgaA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Inogen Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 33 market data tables and 22 figures on “Respiratory Devices Market – Global forecast to 2027.

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