Therapeutic Respiratory Devices Market Size & Share 2023 to 2032
Market Size by Product (Positive Airway Pressure (PAP) Devices, Oxygen Concentrators, Ventilators, Inhalers, Nebulizers, Humidifiers), by Application (COPD, Obstructive Sleep Apnea, Asthma, Respiratory Distress Syndrome, Cystic Fibrosis).
Report ID: GMI696
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Published Date: June 2023
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Report Format: PDF
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Authors:
Mariam Faizullabhoy, Pratiksha Kamthe
Therapeutic Respiratory Devices Market Size
Therapeutic Respiratory Devices Market size was worth more than USD 47 billion in 2022 and is poised to exhibit 4.7% CAGR from 2023 to 2032 driven by the rising prevalence of respiratory diseases globally.
Therapeutic Respiratory Devices Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
In recent years, respiratory diseases have turned to be the major cause of mortality in both developing and underdeveloped nations. There has also been a rapid rise in the number of non-contagious respiratory disorders, such as asthma, COPD, cystic fibrosis, and lung cancer. As per the European Academy of Allergy and Clinical Immunology (EAACI) Global Atlas of Asthma 2022, more than 350 million people worldwide suffer from asthma. Furthermore, the rising levels of air pollution is increasing the burden of lung and respiratory ailments.
Therapeutic respiratory devices play a pivotal role in managing respiratory diseases, by providing much-needed relief and improving the quality of life for patients. These devices encompass a wide range of tools, including inhalers, nebulizers, positive airway pressure machines, and oxygen concentrators. Additionally, the advent of medically advanced respiratory devices has revolutionized the treatment of respiratory diseases for improved respiratory functions and enhanced overall well-being.
COVID-19 Impact
The COVID-19 pandemic proved beneficial to the demand for therapeutic respiratory devices. The increasing spread of the infection by respiratory droplets and the rising impacts on the respiratory system led to the surging adoption of respiratory medical devices. Furthermore, the influx of new product improvements and launches to meet the rising demand boosted the market expansion. For instance, the U.S. FDA granted emergency authorization to use Vesper, a device created by Prisma Health for sustaining up to four patients on a ventilator.
Therapeutic Respiratory Devices Market Trends
The increasing R&D spending on different technical breakthroughs in therapeutic respiratory devices will accelerate the market development. Advanced respiratory devices allow patients to utilize practical and user-friendly gadgets for the treatment of various respiratory disorders. Furthermore, the demand for portable and miniaturized therapeutic ventilators is picking pace as they are quick, affordable, and may be used outdoors without the supervision of doctors.
Therapeutic Respiratory Devices Market Analysis
Therapeutic respiratory devices market size from the inhalers product segment is expected to generate more than USD 40 billion in revenue by the end of 2032. The higher availability of newly developed automated inhalers, including metered-dose inhalers, dry powder inhalers, and soft mist inhalers for aiding the administration of appropriate quantities of drugs to patients has boosted the demand for inhalers.
Based on application, the asthma segment in the therapeutic respiratory devices market share is estimated to record USD 19 billion through 2032. This can be attributed to the rising prevalence of chronic illness affecting children worldwide, including asthma. According to the Asthma and Allergy Foundation of America, around 25 million individuals in the U.S. suffer from asthma, accounting for nearly one in every thirteen people. The rising incidence of asthma worldwide has spurred the demand for inhalers and nebulizers.
North America therapeutic respiratory devices market size is poised to expand at over 3.5% CAGR by 2032. The industry development can be ascribed to the growing frequency of respiratory disorders, higher availability of modern healthcare infrastructure, and the presence of leading market players across the region. Also, the widespread adoption of new technologies among patients along with favorable reimbursement circumstances may augment the industry outlook.
Therapeutic Respiratory Devices Market Share
Some of the major companies operating in the therapeutic respiratory devices market include
Therapeutic Respiratory Devices Industry News
The therapeutic respiratory devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market Size, By Product
Market Size, By Application
Market Size, By End-use
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →