Respiratory devices Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Respiratory devices category?

Are you looking for answers on Respiratory devices category?

  • What are the key trends in Respiratory devices category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Respiratory devices industry?
  • How is Respiratory devices industry performing?

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Report Coverage

  1. Executive Summary
  2. Market Snapshot
  3. Global Market Outlook
  4. Covid-19 Impact

Production Size

Global Production Size/ Capacity

23.03 Bn (2019)

CAGR

9.1 percent

Table of Contents

  1. Executive Summary
  2. Market Snapshot
  3. Global Market Outlook
  4. Covid-19 Impact
  1. Market Analysis
  2. Global Market Outlook
  3. Regional Market Outlook (North America, Europe and APAC)
  4. Industry Segmentation Analysis
  1. Industry Analysis
  2. Porter’s Five Forces Analysis
  3. Industry Events
  1. Case Study
  2. Mask Selector for Minimal Contact CPAP Interface Selection
  1. Market Dynamics
  2. Market Dynamics
  3. Industry Engagement Model

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Respiratory Devices Global Market Outlook:

  • The global respiratory care devices market was valued at ~$23.03 billion in 2019 and is projected to reach ~$33 billion by 2023 growing at a CAGR of 9.1 percent Y-O-Y during the forecast period of 2019-2023
  • An alarming rise in the number of chronic obstructive pulmonary disorder (COPD) and a rapid visible increase in the diagnosis rate of sleep apnea/hypopnea syndrome (SAHS) and rising geriatric population drives the demand in the market
  • While the above factors collectively contribute towards the demand for respiratory assistance therapy and devices, particularly continuous positive airway pressure (CPAP), the sudden outbreak of global COVID-19 pandemic boosts the global CPAP market landscape

Porter's Analysis on Respiratory Devices

Supplier Power

  • Respiratory products is a medium fragmented market with suppliers having category expertise, diverse variants of products and competitive services offerings across regions.
  • Top suppliers existing in the market have high technical knowledge and are focusing towards new innovative product launches through partnership with medtech clients

Barriers to New Entrants

  • Huge medical, R&D expertise, Capital requirements makes it difficult for new entrants for complex invasive or mechanical ventilators, CPAP devices, connected diagnostic devices
  • Having global distribution footprint to offer after sales services, meeting regional specific regulatory requirements and having quality met manufacturing facilities are the key challenges for medium to complex medical

Intensity of Rivalry

  • Technological advancements in the form of E-Nose, enhanced portable respiratory devices, Bluetooth enabled and fingertip pulse oximeters will play a major role in driving innovation in the market
  • Medtech clients are focusing on outsourcing the manufacturing of different respiratory devices, such as oxygen concentrators, mechanical ventilators and PAP devices, to reduce costs and become competitive in the respiratory devices market with reduced prices
  • Manufacturers of drugs used for the treatment of respiratory diseases are entering into mergers and acquisitions with medical device manufacturers to expand their product portfolios and market presence in respiratory devices across the globe

Threat of Substitutes

  • As such there are no substitutes to critical medical ventilators, PAP devices, oxygen concentrators; but innovation in miniaturized connected devices with various software and components will have impact on the market threat

Buyer Power

  • Bargaining power for medical device clients is medium to low as the number purchased by individual customer in general is low
  • Lower switching power owing to higher cost and technical knowledge associated with the devices

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