U.S. Therapeutic Respiratory Devices Market Size & Outlook
The therapeutic respiratory devices market in the United States is expected to reach a projected revenue of US$ 8,237.5 million by 2030. A compound annual growth rate of 5.4% is expected of the United States therapeutic respiratory devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,715.2
Forecast, 2030 (US$M)
$8,237.5
CAGR, 2024 - 2030
5.4%
Report Coverage
U.S.
U.S. therapeutic respiratory devices market, 2017-2030 (US$M)
Related Markets
U.S. therapeutic respiratory devices market highlights
- The U.S. therapeutic respiratory devices market generated a revenue of USD 5,715.2 million in 2023 and is expected to reach USD 8,237.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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.
Therapeutic respiratory devices market data book summary
| Market revenue in 2023 | USD 5,715.2 million |
| Market revenue in 2030 | USD 8,237.5 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen concentrators |
| Fastest growing segment | Gas Analyzers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 32.0% of the global therapeutic respiratory devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. therapeutic respiratory devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,230.8 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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U.S. therapeutic respiratory devices market size, by product, 2017-2030 (US$M)
U.S. Therapeutic Respiratory Devices Market Outlook Share, 2023 & 2030 (US$M)
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