Therapeutic Respiratory Devices Market Size, Share, Growth Analysis, By Product(Nebulizer, Humidifiers, Oxygen concentrators, Positive Airway Pressure Devices), By Technology(Electrostatic Filtration, HEPA Filter Technology, Hollow Fiber Filtration, Microsphere), By End Use(Hospital, Homecare Settings, Emergency Centers), By Application(COPD, Obstructive Sleep Apnea, Asthma, Respiratory Distress Syndrome), By Filters(Nebulizer filters, Humidifier Filters, Positive Airway Pressure Devices Filter, Oxygen concentrator filters), By Region - Industry Forecast 2024-2031

North America dominated the global market in 2021.This can be attributed to a sizable elderly population as well as the increased prevalence of chronic respiratory illnesses. Additionally, the major share of the North American market is due to the availability of reimbursement in the U.S. healthcare centres accounts, growing public awareness of healthcare issues, improved healthcare infrastructure, an increase in the number of outpatient surgeries, and economic growth that is aided by expanding insurance coverage. According to the United States Death Statistics, in 2021 respiratory disorders claimed the lives of 44,630 people. The market for therapeutic respiratory devices is also anticipated to grow in the next years as a result of rising healthcare costs and an increase in respiratory illnesses in the United States.

Asia Pacific region is expected to show a high growth rate during the forecast period. This can be attributed to the increasing prevalence of asthma in both adults and children. The Global Initiative for Asthma has estimated that by 2025, there will likely be an additional 100 million people suffering from asthma. Furthermore the growing need for home healthcare facilities is a significant market driver in this region. In addition, the increasing disposable incomes and changes in lifestyle are bringing about a considerable growth rate in this region throughout the projected period.