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 |
|---|
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)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,251.8 | 4,613.8 | 5,003.7 | 9,667.1 | 8,948.1 | 6,973.4 | 7,122.5 | 7,410.9 | 7,797.8 | 8,237.3 | 8,786.1 | 9,323.6 | 9,876.6 | 10,468.3 | 5.7% |
| Europe | 3,281.2 | 3,575.2 | 3,884.3 | 5,427.8 | 5,310.6 | 5,093.4 | 5,224.0 | 5,466.8 | 5,790.8 | 6,148.2 | 6,578.7 | 7,015.2 | 7,468.9 | 7,956.2 | 6.2% |
| Asia Pacific | 2,251.0 | 2,459.2 | 2,692.3 | 3,821.6 | 3,784.6 | 3,622.6 | 3,756.3 | 3,994.4 | 4,317.8 | 4,633.2 | 4,912.1 | 5,277.4 | 5,659.4 | 6,070.7 | 7.1% |
| Latin America | 783.9 | 865.1 | 938.6 | 1,254.9 | 1,201.4 | 1,129.4 | 1,154.1 | 1,203.4 | 1,275.0 | 1,350.0 | 1,437.4 | 1,530.3 | 1,624.9 | 1,726.5 | 5.9% |
| MEA | 442.4 | 480.1 | 516.7 | 671.0 | 644.7 | 629.8 | 630.8 | 646.2 | 675.5 | 709.3 | 750.2 | 791.0 | 832.5 | 876.8 | 4.8% |
| Overall | 11,010.3 | 11,993.3 | 13,035.5 | 20,842.4 | 19,889.3 | 17,448.6 | 17,887.7 | 18,721.6 | 19,856.8 | 21,078.0 | 22,464.4 | 23,937.4 | 25,462.3 | 27,098.4 | 6.1% |
Related regional statistics
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