US Respiratory Device Market Size, Industry Trends, Share and Forecast 2019-2025

Posted by pooja makkhar on March 25th, 2020

The US respiratory device market was around .2 billion in 2018 and is anticipated to grow at a CAGR of around 6.3% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in North America. The increasing demand from COPD, Sleep Apnea and asthma patients in the US for the respiratory device and favorable reimbursement in the US is favoring the growth of the regional market. 

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The US respiratory device market is segmented on the basis of product and end-user. The respiratory product segment is further sub-segmented into therapeutic devices, diagnosis and monitoring devices, and consumables and accessories. The therapeutic devices segment is estimated to dominate the country’s market and is also anticipated to grow at the fastest growth rate over the forecast period. The high cost of therapeutics device and significant demand for continuous positive airway pressure (CPAP) devices and masks, ventilator, oxygen concentrator, and oxygen hoods contribute majorly to the segmental growth of the market for therapeutic devices. Based on end-user, the market is analyzed into hospitals and clinics, and home care. 

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US Respiratory Device Market Segmentation

By Product

·         Therapeutic Devices

·         Diagnostic and Monitoring Devices

·         Consumables and Accessories

By End-User

·         Homecare

·         Hospitals and Clinics

Company Profiles

·         3B Medical, Inc.

·         3M Co.

·         Acorda Therapeutics, Inc.

·         Adamis Pharmaceuticals Corp.

·         Adherium Ltd.

·         Aradigm Corp.

·         AstraZeneca PLC

·         Boehringer Ingelheim International GmbH

·         Chart Industries, Inc.

·         Circadiance LLC

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