Respiratory Device Accessories Market Size, Share & Trends Analysis Report By Type (Breathing Circuit, Filter, Mask, and Humidification Consumables), By Application (Hospital, Household, and Clinic), By Region, And By Segment Forecasts, 2024-2032

Respiratory Device Accessories Market Segment Analysis

Respiratory Device Accessories Type Insights

The market segmentation of respiratory device accessories is based on type and comprises humidification consumables, masks, breathing circuits, and filters. The market was controlled by the humidification consumables category. The relative humidity of the air within and outside is referred to as “humidity consumables”. Humidifiers add moisture to the air in your house by releasing steam or water vapor, which helps to prevent dryness, which can irritate a variety of body parts.

Respiratory Device Accessories Application Insights

Hospital, Household, and Clinic are included in the market segmentation of respiratory device accessories based on application. Due to their greater patient-friendliness, the household category produced the highest revenue. Sleep apnea therapy is one of the primary markets for home health breathing devices. The main factor propelling the growth of this market segment is the rising use of positive airway pressure devices in sleep apnea treatment.

Respiratory Device Accessories Regional Insights

The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. This market will be dominated by the Respiratory Device Accessories market area in North America. In North America, respiratory conditions such asthma, chronic obstructive pulmonary disease (COPD), and sleep apnea are very common. The high occurrence of sickness in the area drives the need for respiratory devices and related accessories.

Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Respiratory Device Accessories Market Dynamics

Drivers

• Increasing Respiratory Diseases: The rising prevalence of chronic respiratory diseases such as asthma and COPD drives demand for respiratory devices and their accessories.

• Technological Advancements: Innovations in respiratory device technology, including smart inhalers and improved nebulizers, fuel the demand for compatible accessories.

• Aging Population: An aging global population, which often experiences respiratory issues, contributes to the growing market for respiratory device accessories.

• Rising Awareness and Health Initiatives: Increased awareness about respiratory health and government initiatives to improve respiratory care can boost accessory market growth.

• Home Healthcare Trend: The shift towards home-based healthcare and remote monitoring drives demand for accessories that enhance the usability and effectiveness of home respiratory devices.

Market Challenges

• High Costs: The cost of advanced accessories can be a barrier, especially in regions with limited healthcare budgets.

• Regulatory Hurdles: Stringent regulations and the need for compliance with medical device standards can slow down the market growth.

• Competition and Substitution: The market is competitive with numerous players and potential substitutes, which can affect pricing and market share.

• Technological Integration Issues: Ensuring compatibility between new accessories and existing devices can be challenging, affecting user adoption.

Opportunities

• Emerging Markets: Growth potential in emerging economies due to increasing awareness of respiratory health and improving health infrastructure.

• Aging Population: Increased need for respiratory support devices and supplies in an aging population more susceptible to respiratory disease.

• Management of chronic diseases: Expansion of ventilators adapted for chronic diseases such as COPD and asthma offer long-term growth prospects.

Respiratory Device Accessories  Market Trends

• Smart and Connected Devices: There’s a growing trend towards smart accessories that integrate with digital health platforms for better monitoring and management.

• Customization and Personalization: Customized accessories tailored to individual needs and preferences are becoming more popular.

• Eco-friendly Products: There is increasing demand for sustainable and eco-friendly accessories as consumers and manufacturers become more environmentally conscious.

• Increased Focus on Preventive Care: Accessories that aid in preventive care and early detection of respiratory issues are gaining traction.

• Integration with Digital Health Ecosystems: Accessories that can seamlessly integrate with digital health platforms for data sharing and analytics are in demand.

Competitive Landscape

Major Key Players in the Respiratory Device Accessories Market:

• Fisher & Paykel Healthcare
• ResMed
• Philips Healthcare
• Getinge
• BD
• Teleflex
• Smith’s Medical, Inc. (ICU Medical, Inc.)
• Ambu A/S
• Medtronic
• Hamilton Medical
• Dräger
• GE Healthcare
• Lowenstein Medical Technology
• Armstrong Medical (Eakin Healthcare Group)
• Yuwell
• Mindray
• Intersurgical Ltd.
• Laerdal Medical AS
• PARI Medical Holding GmbH

Recent Developments:

November 2023: Becton, Dickinson and Company (BD), a global leader in medical technology, launched needle-free blood draw technology compatible with integrated catheters, advancing towards the “One-Stick Hospital Stay” vision.

January 2023: GE Healthcare partnered with the Indian Institute of Science (IISc) to boost healthcare innovation, research, and technological development in India.

Regional Analysis

The North American respiratory device accessories market holds a significant revenue share, attributed to enhanced diagnosis capabilities and favorable reimbursement policies. The Asia Pacific region is also expected to experience rapid growth due to rising pollution levels in developing countries and various initiatives by these countries.

The respiratory care devices industry is poised for expansion thanks to the right reimbursement rules. In addition, Asia Pacific is likely to grow rapidly in the global respiratory device accessories market because pollution levels in developing countries are rising. It is also expected that the respiratory care devices market in the region will experience growth due to the countries’ initiatives.

Respiratory Device Accessories  Market Segmentation

Respiratory Device Accessories  Market  By Type:

• Breathing Circuits
• Filters
• Masks
• Humidification Consumables

Respiratory Device Accessories  Market  By Application:

• Hospitals
• Households
• Clinics

Respiratory Device Accessories  Market  By Region:

North America-

• The US
• Canada
• Mexico

Europe–

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Breathing Circuit Segment:

The breathing circuit segment is a major contributor to the respiratory device accessories market. This segment is expected to lead with a significant global market share. The breathing circuit supplies gas to the patient, removes exhaled gas, and regulates the temperature and humidity of the inspired mixture. It facilitates controlled or assisted breathing, and may include airway pressure, flow, volume sensors, and gas sampling ports.

Household Segment:

The household segment is projected to witness rapid growth. It has generated the highest income due to its user-friendliness. Home care breathing devices, especially for sleep apnea therapies, are a significant market within this segment.