Market Size of France Respiratory Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 6.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Respiratory Devices Market Analysis
The France Respiratory Devices Market is expected to register a CAGR of 6.5% during the forecast period(2024-2029).
- Major respiratory devices such as masks, ventilators, nebulizers, CPAP, BiPAP, and oxygen concentrators were in great demand during the COVID-19 pandemic to prevent and manage infection in the country. However, with the easing of COVID-19 restrictions on wearing masks and the decline in COVID-19 cases, the demand for respiratory devices is anticipated to decrease. For instance, in March 2022, France lifted most COVID-19 restrictions, abolishing the need to wear face masks in most settings and allowing people who aren't vaccinated back into restaurants, sports arenas, and other venues. This lifted COVID-19 restrictions in the country decreases the demand for respiratory disposables like masks, which are expected to have an adverse impact on the market over the coming years.
- The rise in the number of respiratory disease cases like chronic obstructive pulmonary disease (COPD), tuberculosis, asthma, and pneumonia remains the major driver of the industry. For instance, as per the report published by Plos One in January 2021, in France, there are 2.6 million people who have chronic obstructive pulmonary disease (COPD) in 2021, and by 2025, that number is expected to rise to 2.8 million. This shows the increasing prevalence of respiratory disease, which is expected to increase the demand for respiratory devices and likely propel the market over the forecast period.
- Furthermore, the new studies on respiratory devices for expanding the applications are expected to drive market growth. For instance, as per the study report published by PLoS One in January 2022, the use of respiratory-connected devices has been emphasized as a crucial new tactic for enhancing patient care during a COPD exacerbation. Hence, the new studies on respiratory devices provide various new applications and likely increase the demand for respiratory devices and are expected to boost the growth of the market over the forecast period.
- However, the high cost of various respiratory devices is expected to hinder market growth over the forecast period.
