Demand for Respiratory Care Devices is Anticipated to Reach $39 billion by 2030, Bolstered by Increasing Geriatric Population and Environmental Pollution
Industry Experts, Inc., has released its latest report on Respiratory Care Devices market , which projects the demand for the same to reach US$39.2 billion by 2030 from an estimated US$24.4 billion in 2024 at a CAGR of 8.2% between the two years. The respiratory care devices market growth is propelled by the increasing incidence of respiratory disorders such as asthma, COPD, and sleep apnea, primarily due to factors like environmental pollution, smoking, and unhealthy lifestyle choices. The rise of urban living and exposure to air pollutants are leading to a surge in respiratory health issues. The geriatric population, which is more vulnerable to respiratory problems, is also a major factor driving this growth, along with increased awareness regarding the significance of prompt diagnosis and treatment. Technological advancements featuring portable nebulizers and smart inhalers have improved patient adherence to treatment and outcomes. North America is the dominant market ...