Therapeutic Respiratory Devices Market Analysis

Therapeutic Respiratory Devices Market Analysis

To get key market trends

  Download Free Sample

Therapeutic respiratory devices market size from the inhalers product segment is expected to generate more than USD 40 billion in revenue by the end of 2032. The higher availability of newly developed automated inhalers, including metered-dose inhalers, dry powder inhalers, and soft mist inhalers for aiding the administration of appropriate quantities of drugs to patients has boosted the demand for inhalers. 

Based on application, the asthma segment in the therapeutic respiratory devices market share is estimated to record USD 19 billion through 2032. This can be attributed to the rising prevalence of chronic illness affecting children worldwide, including asthma. According to the Asthma and Allergy Foundation of America, around 25 million individuals in the U.S. suffer from asthma, accounting for nearly one in every thirteen people. The rising incidence of asthma worldwide has spurred the demand for inhalers and nebulizers.

North America therapeutic respiratory devices market size is poised to expand at over 3.5% CAGR by 2032. The industry development can be ascribed to the growing frequency of respiratory disorders, higher availability of modern healthcare infrastructure, and the presence of leading market players across the region. Also, the widespread adoption of new technologies among patients along with favorable reimbursement circumstances may augment the industry outlook.