Latest News- Incubators, Inhalators, Respirators, Resuscitators, and Other Breathing Devices Market: Asthma is expected to lead the Application segment during 2024-2028

The Incubators, Inhalators, Respirators, Resuscitators, and Other Breathing Devices Market is being driven by Increasing number of hospitalizations and surgical treatments

The Incubators, Inhalators, Respirators, Resuscitators, and Other Breathing Devices Market is expected to grow at a CAGR of 7.67% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10.89 billion. The global market for incubators, inhalators, respirators, resuscitators, and other breathing devices is characterized by a high degree of fragmentation and intense competition. Vendors in this sector are actively pursuing both organic and inorganic growth strategies to expand their market presence. Product innovation and technological advances are key differentiators, enabling vendors to gain a competitive edge. Notably, inhalator manufacturers are introducing customizable devices, offering flow rates ranging from 1 to 15 liters per minute. The market now offers a diverse range of inhalators, from basic oxygen inhalers to advanced diaphragm-type inhalers with pressure-controlling capabilities. Significant investments in research and development have led to the emergence of breathing devices equipped with advanced technologies and features. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Asthma
  • COPD
  • Obstructive sleep apnea
  • Others
• End-user
  • Healthcare settings
  • Pharmaceutical companies
• Geography
  • Europe
    • Germany
    • UK
    • France
  • North America
    • US
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of hospitalizations and surgical treatments
• Significant rise in demand for breathing devices
• Rising number of new product launches and approvals

However, the market also witnesses some limitations, which are as follows:

• High threat from counterfeit products
• Product recalls in the healthcare device industry
• Inadequate healthcare infrastructures in developing countries

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Market Scope in Incubators, Inhalators, Respirators, Resuscitators, and Other Breathing Devices Market Research Report

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Research Analysis Overview

The Incubators, Inhalators, Respirators, Resuscitators, and Other Breathing Devices Market caters to various respiratory disorders such as Asthma and COPD, as well as obstructive sleep apnea. These devices find extensive applications in healthcare settings, including respiratory masks, ventilators, oxygen concentrators, resuscitators, nebulizers, humidifiers, oxygen hoods, and more. The market serves diverse populations, including those with preterm births, diabetes, high blood pressure, infertility treatments, chronic lung illness, and those at risk due to tobacco, dust, and chemicals. The breathing apparatus and respiratory aids are essential tools for disuse atrophy prevention, oxygen therapy, and addressing respiratory issues in Hispanic populations.

Market Research Overview

The Incubators, Inhalators, Respirators, Resuscitators, and other Breathing Devices market is a significant segment within the larger Global Healthcare Equipment Market, as categorized by Technavio. This market encompasses companies and products dedicated to research and development (R&D) in the realm of capital equipment, instruments, implants, accessories, and consumables. These devices are integral to the diagnosis, monitoring, and treatment of respiratory conditions such as Asthma, Chronic Obstructive Pulmonary Disease (COPD), and Obstructive Sleep Apnea, among others. The Global Healthcare Equipment Market, which includes the revenue generated by manufacturers of various diagnostic equipment and breathing devices, was valued at USD395.63 billion in 2023. Key product categories in this market include Respiratory Masks, Respiratory Ventilators, Respiratory Oxygen Concentrators, Respiratory Inhalers, Respiratory Resuscitators, Respiratory Nebulizers, and Respiratory Humidifiers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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