Respiratory Disposables Market
Consumables known as respiratory disposables are used to connect respiratory equipment including ventilators, nebulizers, and oxygen treatment devices. Disposable resuscitators, disposable tubes, and disposable oxygen masks, all considered respiratory disposables. Healthcare practitioners employ single-use, disposable respiratory protection equipment during operations to shield them from the transmission of germs, bodily fluids, along with particulate matter. To treat respiratory conditions such asthma, sleep apnea, and chronic obstructive pulmonary disease (COPD), respiratory disposables are employed. Along with the prevention of infection, they also save time and lessen the financial load on hospitals. As a result, there is an increase in demand everywhere.
Market Statistics
The market for respiratory disposables was valued at US$ 1,471.80 Mn in 2021 and is anticipated to grow at a CAGR of 9.2% from 2022 to 2028 to reach US$ 2,910.10 Mn.
In terms of volume, North America accounted for 38.5% of the global market for respiratory disposables in 2020, followed by Europe and the Asia-Pacific region.
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Recent Developments
The Philips Respironics E30 Ventilator will be available beginning in April 2020 as part of Philips’ commitment to supporting medical professionals by offering ventilators of the highest calibre.
The US Food and Drug Administration (FDA) granted Royal Philips’ wearable biosensor 510(k) certification in May 2020. (Philips Biosensor BX100). Hospitals will be able to monitor patients who have COVID-19, both formally proven and unofficially suspected.
In March 2019, ResMed purchased HB Healthcare Safety, a supplier of at-home respiratory and sleep care equipment.
Market Drivers
During the projected period, it is anticipated that the worldwide COVID-19 epidemic would accelerate the growth of the respiratory disposables market. For instance, medical personnel now administer more medications using nasal cannulas to treat COVID-19. The World Health Organization (WHO) reports that as of 5:40 PM CEST on June 22, 2022, there were 538,321,874 confirmed cases of COVID-19 globally, resulting in 6,320,599 fatalities. As a result, it is anticipated that there would be a global increase in demand for respiratory disposables along with the rise of COVID-19 cases.
Due to the increased prevalence of respiratory ailments including asthma and COPD, the market for respiratory disposables is expected to grow globally over the forecasted period. Asthma, for instance, is thought to affect approximately 25 million Americans, according to the Asthma and Allergy Foundation of America (AAFA). This equates to around 1 in every 13 people. It is the most common chronic condition affecting children. There are roughly 5.1 million asthmatic children under the age of 18.
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Market Restraints
The adoption of strict laws and regulations pertaining to the usage of respiratory disposables is anticipated to impede the expansion of the market for these products globally.
The expansion of the worldwide market for respiratory disposables is also anticipated to be hampered by the high failure rates of these products.
Market Opportunities
As more new viruses that cause respiratory infections develop, market participants for respiratory disposables should have significant opportunities for growth. For instance, the respiratory condition COVID-19 is brought on by the brand-new coronavirus SARS-CoV-2. On March 11, 2020, the WHO declared the COVID-19 outbreak a global pandemic.
As the number of smokers rises, the market for respiratory disposables is expected to provide industry participants substantial potential opportunities. For instance, according to WHO predictions, 7.8% of women and 36.7% of men globally smoked cigarettes in 2020. This sums up to 22.3% of the entire world’s population. The 1.3 billion tobacco users globally, or more than 80% of them, live in low- and middle-income countries.
Market Trends/Key Takeaways
The global market for respiratory disposables is anticipated to expand as a result of rising demand for these products. The debut of Dynarex Resp-O2, a cutting-edge new range of high-end respiratory solutions, was announced by Dynarex Corporation in May 2021. Dynarex undertook in-depth research while collaborating closely with respiratory therapists and industry professionals to provide a wide range of premium respiratory solutions to meet the changing demands of both patients and caregivers.
The global market for respiratory disposables is anticipated to develop quickly as the world’s ageing population increases. By 2050, there will be 2.1 billion individuals in the globe who are 60 years of age or older, representing 1 in 6 of the global population.
Competitive Landscape
Includes SMITHS GROUP PLC (SMITH MEDICAL INC.), MEDTRONIC PLC., HAMILTON MEDICAL AG, MASIMO CORPORATION, GETINGE AB, FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED, DRÄGERWERK AG & CO. KGAA, CHART INDUSTRIES INC, INVACARE CORPORATION, and AIR LIQUIDE S.A.
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Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Nasal Drug Delivery Mode, By Product
- Market Nasal Drug Delivery Mode, By End User
- Market Nasal Drug Delivery Mode, By Patient Group
- Market Nasal Drug Delivery Mode, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increase in prevalence of respiratory diseases
- Stringent rules and regulations
- Outbreak of COVID-19 (global pandemic)
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Respiratory Disposables Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Respiratory Disposables Market, By Product, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Laryngoscope
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Tubes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Breathing Bag
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Resuscitator
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Introduction
- Respiratory Disposables Market, By End User, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Hospitals, Nursing Homes, & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Trauma Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Homecare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Introduction
- Respiratory Disposables Market, By Patient Group, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Neonatal & pediatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Adult
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Geriatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028,(US$ Mn)
- Introduction
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