USA Respiratory Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Type (Diagnostic and Monitoring Devices, Therapeutic Devices and Disposables)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 6.2 %

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Market Overview

The rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases remains the major driver of the industry. Chronic respiratory diseases are chronic diseases that affect the airways and other parts of the lungs. Respiratory symptoms are among the major causes of consultation with doctors and physicians in primary health care centers. Some of the major preventable chronic respiratory disorders are asthma, chronic obstructive pulmonary disease (COPD), allergic rhinitis, sleep apnea, and tuberculosis (principally, multi-drug resistant tuberculosis). Asthma is a chronic inflammation of the lung airways that causes coughing, chest tightness, wheezing or shortness of breath. It is considered as one of the key indicator for the market, which affects children, adults, and elderly people. According to Centers for Disease Control and Prevention (CDC), in 2018, there were around 19.2 million adults, who suffered from asthma in the United States. Thus, with these factors, the adoption rate and demand for respiratory diseases are expected to grow substantially, over the forecast period. 

Scope of the report

As per the scope of the report, Respiratory devices include respiratory diagnostic and monitoring devices, therapeutic devices, and disposables for administering long-term artificial respiration.

By Type
By Diagnostic and Monitoring Devices
Spirometers
Sleep Test Devices
Peak Flow Meters
Pulse Oximeters
Capnographs
Other Diagnostic and Monitoring Devices
By Therapeutic Devices
CPAP Devices
BiPAP Devices
Humidifiers
Nebulizers
Oxygen Concentrators
Ventilators
Inhalers
Other Therapeutic Devices
By Disposables
Masks
Breathing Circuits
Other Disposables

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Key Market Trends

Spirometers Segment is Expected to Show Better Growth in the Forecast Years

Based on diagnostic and monitoring devices segment, the market is categorized into spirometers, sleep test devices, peak flow meters, pulse oximeters, capnographs and others. The major factor attributing to the growth of spirometers segment is the increasing burden of respiratory disorders, such as asthma, bronchitis, and COPD across the country. The wide application of spirometers makes it easier for the patient to use this device and is thus, increasingly adopted in hospitals and home care setting. Furthermore, the significant advancements in the field of spirometry include the development of small portable spirometers and the increasing accuracy and acceptability, which is expected to fuel the market growth over the forecast period.

USA Respiratory Devices Market 1

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Competitive Landscape

The market studied is moderately competitive and most of the companies that are dominating the respiratory devices market in the United States are the global players. These companies include Chart Industries Inc., Dragerwerk AG, Drive Devilbiss International, Fisher & Paykel Healthcare Limited, GE Healthcare, GlaxoSmithKline PLC, Invacare Corporation, Koninklijke Philips N.V, Medtronic PLC and ResMed Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Respiratory Disorders

      2. 4.2.2 Technological Advancements

      3. 4.2.3 Increasing Application in Homecare Setting

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Respiratory Device

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 By Diagnostic and Monitoring Devices

        1. 5.1.1.1 Spirometers

        2. 5.1.1.2 Sleep Test Devices

        3. 5.1.1.3 Peak Flow Meters

        4. 5.1.1.4 Pulse Oximeters

        5. 5.1.1.5 Capnographs

        6. 5.1.1.6 Other Diagnostic and Monitoring Devices

      2. 5.1.2 By Therapeutic Devices

        1. 5.1.2.1 CPAP Devices

        2. 5.1.2.2 BiPAP Devices

        3. 5.1.2.3 Humidifiers

        4. 5.1.2.4 Nebulizers

        5. 5.1.2.5 Oxygen Concentrators

        6. 5.1.2.6 Ventilators

        7. 5.1.2.7 Inhalers

        8. 5.1.2.8 Other Therapeutic Devices

      3. 5.1.3 By Disposables

        1. 5.1.3.1 Masks

        2. 5.1.3.2 Breathing Circuits

        3. 5.1.3.3 Other Disposables

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Chart Industries Inc.

      2. 6.1.2 Dragerwerk AG

      3. 6.1.3 Drive Devilbiss International

      4. 6.1.4 Fisher & Paykel Healthcare Limited

      5. 6.1.5 GE Healthcare

      6. 6.1.6 GlaxoSmithKline PLC

      7. 6.1.7 Invacare Corporation

      8. 6.1.8 Koninklijke Philips NV

      9. 6.1.9 Medtronic PLC

      10. 6.1.10 ResMed Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The USA Respiratory Devices Market market is studied from 2018 - 2026.

The USA Respiratory Devices Market is growing at a CAGR of 6.2% over the next 5 years.

Dragerwerk AG, Fisher & Paykel Healthcare Limited, GE Healthcare, GlaxoSmithKline PLC, Koninklijke Philips NV are the major companies operating in USA Respiratory Devices Market.

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