Respiratory Device Accessories Market Size by Segments, Share, Regulatory, Reimbursement, and Forecast to 2033

Respiratory Device Accessories Market Report Overview

The respiratory device accessories market size was $719.9 million in 2023 and will grow at a CAGR of more than from 2023 to 2033. Respiratory device accessories are the accessories that are used in conjunction with respiratory support equipment.

Respiratory Device Accessories Market Outlook 2023-2033 ($ Million)

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The respiratory device accessories market research report identifies quantitative market trends within anesthesia and respiratory devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the respiratory device accessories market for 2020 and beyond. Furthermore, the report provides respiratory device accessories market share by company that will help in identifying untapped market opportunities.

Respiratory Device Accessories Market Segments

The key segments of the sutures market are aerosol masks, cardio-pulmonary resuscitation (CPR) barriers, nasal cannulas, oxygen masks, positive end-expiratory pressure (PEEP) valves, and resuscitators. In 2023, the nasal cannula segment accounted for the highest share of the market.

The nasal cannula is a two-pronged tube device attached to an oxygen tank. The prongs sit at the entrance of the nostrils with the tube anchoring over the ears to keep it in place. They deliver a low flow rate of oxygen mixed with room air and are appropriate for those with minimal respiratory distress and who require long-term oxygen use.

Respiratory Device Accessories Market Analysis by Segments, 2023 (%)

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Regional Analysis of Respiratory Device Accessories Market

The key regions in the respiratory device accessories market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the North American respiratory device accessories market was the leading regional segment.

North America holds the largest share of the market, and the region will retain its position during the forecast period. The increasing population with respiratory diseases and the growing awareness of the devices in the region are driving the North American respiratory device accessories market growth. Furthermore, mirroring the global space, the NA market features resuscitators as the leading segment.

The US respiratory device accessories market follows global and regional trends for North America. The market will increase due to the high usage of devices in healthcare facilities such as operation theaters (OT) and intensive care units (ICU). Additionally, factors such as the increase in the prevalence of COPD, smoking habits, and respiratory infections are also contributing to the usage of respiratory device accessories.

Respiratory Device Accessories Market Analysis by Regions, 2023 (%)

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Respiratory Device Accessories Market – Competitive Landscape

In 2023, Fisher & Paykel Healthcare Corporation Ltd respiratory device accessories market share was the highest

The major players in the respiratory device accessories market are:

• Fisher & Paykel Healthcare Corporation Ltd
• Koninklijke Philips NV
• Medtronic Plc
• Vyaire Medical Inc
• Dragerwerk AG & Co KGaA  

The key strategies that major companies are following are diverse product offerings in the management of respiratory conditions, tailoring marketing approaches to each national market, and continued investments in R&D. Additionally, the strategy of optimizing the time of market introduction of competitive products is also used by the companies.

Respiratory Device Accessories Market Analysis by Companies, 2023 (%)

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Respiratory Device Accessories Market Dynamics

• Trends: Factors such as the aging population increasing incidence of COPD and high prevalence of Obstructive Sleep Apnea and Cystic Fibrosis (CF) will support the market growth. In addition to these, technological advancement also contributes to the growth of the market.

Respiratory device accessories are commonly used in hospitals, home settings, and long-term care facilities. The devices are available from device manufacturers and third-party suppliers. However, the lack of awareness of respiratory conditions leading to a large undiagnosed and untreated population is a major challenge in this market.

• Future Outlook: The home care market is growing robustly as home care ventilation has become more prevalent. Improved ICU care has given rise to increased patient survival from acute respiratory failure to require prolonged mechanical ventilation during recovery. Also, mechanical ventilation is increasingly used as a therapeutic option for patients with symptomatic chronic hypoventilation, with an increased effort to predict nocturnal hypoventilation to initiate ventilation earlier. Besides, the rising costs of hospital care and the advent of commercially available home care devices and accessories have fueled greater demand for home care ventilation.
  

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Segments Covered in this Report

Respiratory Device Accessories Segment Outlook ($ Million, 2015-2033)

• Aerosol Masks
• Cardio-Pulmonary Resuscitation (CPR) Barriers
• Nasal Cannula
• Oxygen Masks
• Positive End Expiratory Pressure (PEEP) Valves
• Resuscitators

Respiratory Device Accessories Regional Outlook ($ Million, 2015-2033)

• Asia-Pacific
• Europe
• Middle East and Africa
• North America
• South and Central America

Key Inclusions of the market model are:

The respiratory device accessories market research report includes an insightful review of the key industry trends.

• The respiratory device accessories market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
• The report also includes market-level data on units, average selling prices, and market values.

Regional, Country, and Global Respiratory Device Accessories Market Insights:

• The respiratory device accessories market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• Respiratory device accessories market SWOT analysis.
• The report provides trends and respiratory device accessories market competitive dynamics.

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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.

Companies Covered: Fisher & Paykel Healthcare Corporation Ltd, Philips Respironics Inc, Medtronic Plc, Vyaire Medical Inc, Dragerwerk AG & Co KGaA, Becton Dickinson and Co, Ambu A/S, Teleflex Inc, Medline Industries Inc, ResMed Inc, Cardinal Health Inc, Armstrong Medical Ltd, ICU Medical Inc, Intersurgical Ltd., Laerdal Medical AS, PARI Medical Holding GmbH and Others

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile

Scope

• Extensive coverage of the respiratory device accessories market under development.
• An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
• Reviews of major players involved in the development of the respiratory device accessories market and lists all their pipeline projects.
• Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
• Key clinical trial data of ongoing clinical trials specific to pipeline products.
• Recent developments in the segment/industry.

Reasons to Buy

• Understand the COVID-19 impact on respiratory device accessories.
• Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving respiratory device accessories.
• Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
• Formulate effective sales and marketing strategies with a detailed evaluation of respiratory device accessories market share by company. Identify strong competitors and create winning strategies to stand out in the global respiratory device accessories market.
• Track regional respiratory device accessories market sales as well as country-specific transactions from 2015-2033.
• Organize your sales and marketing efforts by identifying the global respiratory device accessories market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.