North America Therapeutic Respiratory Devices Market Size & Outlook
The therapeutic respiratory devices market in North America is expected to reach a projected revenue of US$ 10,468.3 million by 2030. A compound annual growth rate of 5.7% is expected of North America therapeutic respiratory devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,122.5
Forecast, 2030 (US$M)
$10,468.3
CAGR, 2024 - 2030
5.7%
Report Coverage
North America
North America therapeutic respiratory devices market, 2017-2030 (US$M)
Related Markets
North America therapeutic respiratory devices market highlights
- The North America therapeutic respiratory devices market generated a revenue of USD 7,122.5 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, oxygen concentrators was the largest revenue generating product in 2023.
- Gas Analyzers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,122.5 million |
| Market revenue in 2030 | USD 10,468.3 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen concentrators |
| Fastest growing segment | Gas Analyzers |
| 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 |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, ICU Medical Inc, Invacare, Medtronic PLC, Fisher & Paykel Healthcare Corp Ltd, ResMed Inc, Linde PLC, Mindray Medical International, Chart Industries Inc, Draegerwerk AG & Co KGaA, DeVilbiss Healthcare |
Other key industry trends
- In terms of revenue, North America region accounted for 39.8% of the global therapeutic respiratory devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,070.7 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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North America therapeutic respiratory devices market size, by country, 2017-2030 (US$M)
North America Therapeutic Respiratory Devices Market Outlook Share, 2023 & 2030 (US$M)
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