Global Therapeutic Respiratory Devices Market Size & Outlook
The therapeutic respiratory devices industry worldwide is expected to reach a projected revenue of US$ 27,098.4 million by 2030. A compound annual growth rate of 6.1% is expected of the worldwide therapeutic respiratory devices industry from 2024 to 2030.
Revenue, 2023 (US$M)
$17,887.7
Forecast, 2030 (US$M)
$27,098.4
CAGR, 2024 - 2030
6.1%
Report Coverage
Worldwide
Global therapeutic respiratory devices market, 2017-2030 (US$M)
Related Markets
Global therapeutic respiratory devices market highlights
- The global therapeutic respiratory devices market generated a revenue of USD 17,887.7 million in 2023 and is expected to reach USD 27,098.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.1% by 2030.
- In terms of segment, oxygen concentrators accounted for a revenue of USD 9,366.8 million in 2023.
- Capnographs is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 17,887.7 million |
| Market revenue in 2030 | USD 27,098.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen concentrators |
| Fastest growing segment | Capnographs |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nebulizers, Humidifiers, Oxygen concentrators, Positive airway pressure devices, Ventilators, Gas Analyzers, Capnographs |
Other key industry trends
- In terms of revenue, the North America accounted for 39.8% of the global therapeutic respiratory devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 8,237.5 million by 2030.
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Therapeutic Respiratory Devices Market Scope
Therapeutic respiratory devices market segmentation & scope
Therapeutic Respiratory Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global therapeutic respiratory devices market size, by regions, 2017-2030 (US$M)
Top 10 countries: Therapeutic respiratory devices market size, 2023 (US$M)
Global therapeutic respiratory devices market share, by product, 2023 & 2030 (%, US$M)
Therapeutic respiratory devices market: Opportunity assessment by country
Global therapeutic respiratory devices market, by region, 2023 (US$M)
Related regional statistics
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