Respiratory Device Accessories Market Size is valued at USD 0.76 Bn in 2023 and is predicted to reach USD 1.39 Bn by the year 2031 at a 7.94% CAGR during the forecast period for 2024-2031.
Respiratory device accessories are significant parts of medical tools that help with all aspects of cardiopulmonary disease care, including diagnosis, management, care, control, treatment, and therapy evaluation. Choosing the right respiratory device accessories is essential for maximizing the effectiveness and comfort of patients with respiratory diseases. It is important to select these accessories according to the individual requirements of the patient, the type of breathing device being utilized, and the advice given by healthcare specialists. Consistent upkeep and substitution of these components are crucial to guarantee the ongoing efficiency and cleanliness of respiratory therapy.
The incidence of contagious respiratory infections drives the need for respiratory care. The pandemic has increased demand for ventilators and PPE, driving the respiratory care devices industry. The respiratory care devices market is predicted to grow due to public and private initiatives including GINA, awareness campaigns, and research funding. Increased respiratory problems due to an aging population, more cigarette smokers, fewer active lives, more pollution, and faster urbanization are pushing the global respiratory care devices market.
The product's failure to avoid fog in locations with dramatic temperature swings or high humidity and the respiratory illness genetic testing market's tight safety and health regulations limit market expansion. Rapid technological advancement has left a scarcity of skilled workers. A shortage of skilled specialists has hurt instrumentation and procedure execution. For a state-of-the-art respiratory illness laboratory, equipment, chemicals, and quality control can be costly. Healthcare providers may avoid building new facilities due to the hefty cost. The high cost of testing facilities may cause inequitable access. Lack of resources may make respiratory illness testing in rural or underserved areas challenging for disadvantaged populations. Additionally, the pandemic has raised COVID-19 testing demand. This was done at the expense of other respiratory problems. The number of tests and resources for respiratory disorders other than COVID-19 may have decreased due to this redirection.
The respiratory device accessories market is segmented based on type and application. Based on type, the market is segmented into breathing circuits, filters, masks, and humidification consumables. The application segment consists of hospitals, households, and clinics.
The breathing circuit respiratory device accessories market is expected to lead with a major global market share. The breathing circuit supplies the patient with gas, removes exhaled gas, and regulates the inspired mixture's temperature and humidity. Depending on the situation, it enables either controlled or aided breathing. Airway pressure, flow, volume sensors, and gas sampling ports might be provided.
The household segment had generated the highest income due to its greater user-friendliness. Sleep apnea therapies are a significant market for home care breathing devices.
The North American Respiratory Device Accessories market is expected to record the maximum market revenue share in the near future. It can be attributed to the enhanced diagnosis. The respiratory care devices industry is poised for expansion thanks to the right reimbursement rules. In addition, Asia Pacific is likely to grow rapidly in the global respiratory device accessories market because pollution levels in developing countries are rising. It is also expected that the respiratory care devices market in the region will experience growth due to the countries' initiatives.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 0.76 Bn |
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Revenue Forecast In 2031 |
USD 1.39 Bn |
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Growth Rate CAGR |
CAGR of 7.9 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Fisher & Paykel Healthcare, ResMed, Philips Healthcare, Getinge, BD, Teleflex, Smiths Medical, Inc. (ICU Medical, Inc.), Ambu A/S, Medtronic, Hamilton Medical, Dräger, GE Healthcare, Lowenstein Medical Technology, Armstrong Medical (Eakin Healthcare Group), Yuwell, and Other Market Players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Respiratory Device Accessories Market Snapshot
Chapter 4. Global Respiratory Device Accessories Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Accessories Type Estimates & Trend Analysis
5.1. by Accessories Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Accessories Type:
5.2.1. Breathing Circuit
5.2.2. Filter
5.2.3. Mask
5.2.4. Humidification Consumables
Chapter 6. Market Segmentation 2: by Accessories Application Estimates & Trend Analysis
6.1. by Accessories Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Accessories Application;
6.2.1. Hospital
6.2.2. Household
6.2.3. Clinic
Chapter 7. Respiratory Device Accessories Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Type, 2019-2031
7.1.2. North America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Application, 2019-2031
7.1.3. North America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Type, 2019-2031
7.2.2. Europe Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Application, 2019-2031
7.2.3. Europe Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Type, 2019-2031
7.3.2. Asia Pacific Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Application, 2019-2031
7.3.3. Asia Pacific Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Type, 2019-2031
7.4.2. Latin America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Application, 2019-2031
7.4.3. Latin America Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Type, 2019-2031
7.5.2. Middle East & Africa Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by Accessories Application, 2019-2031
7.5.3. Middle East & Africa Respiratory Device Accessories Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Fisher & Paykel Healthcare
8.2.2. ResMed
8.2.3. Philips Healthcare
8.2.4. Getinge
8.2.5. BD
8.2.6. Teleflex
8.2.7. Smiths Medical, Inc. (ICU Medical, Inc.)
8.2.8. Ambu A/S
8.2.9. Medtronic
8.2.10. Hamilton Medical, Dräger
8.2.11. GE Healthcare
8.2.12. Lowenstein Medical Technology
8.2.13. Armstrong Medical (Eakin Healthcare Group)
8.2.14. Yuwell
8.2.15. Mindray
Respiratory Device Accessories Market By Type-
Respiratory Device Accessories Market By Application-
Respiratory Device Accessories Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
