The global spread of COVID-19 is likely to boost the growth of the global respiratory disposables market during the forecast period. During the projected period, the growing prevalence of respiratory disorders such as asthma and COPD is likely to fuel growth in the worldwide respiratory disposables market. The implementation of strict rules and regulations governing the usage of respiratory disposables is projected to stymie the global respiratory disposables market's growth.
High failure rates of respiratory disposables are also predicted to stymie the global respiratory disposables market's expansion. The emergence of novel viruses that cause respiratory illnesses is projected to provide considerable potential prospects for participants in the global respiratory disposables market. COVID-19, for example, is a respiratory ailment caused by the SARS-CoV-2 coronavirus. The COVID-19 outbreak was designated a worldwide pandemic by WHO on March 11, 2020.
According to Coherent Market Insights, The Global Respiratory Disposables Market was valued at US$ 1,471.80 Mn in 2021 and is forecast to reach a value of US$ 2,910.10 Mn by 2028 at a CAGR of 9.2% between 2022 and 2028.
Market Players in the Respiratory Disposables Industry:
1. MEDTRONIC PLC.
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The company was founded in 1949 and is headquartered in Dublin, Ireland.
2. MASIMO CORPORATION
Masimo Corporation develops, manufactures, and markets various patient monitoring technologies, and automation and connectivity solutions worldwide. Masimo Corporation was incorporated in 1989 and is headquartered in Irvine, California.
3. FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
Fisher & Paykel Healthcare Corporation Limited, together with its subsidiaries, designs, manufactures, markets, and sells medical device products and systems worldwide. Fisher & Paykel Healthcare Corporation Limited was founded in 1934 and is headquartered in Auckland, New Zealand.
4. CHART INDUSTRIES INC
Fisher & Paykel Healthcare Corporation Limited, together with its subsidiaries, designs, manufactures, markets, and sells medical device products and systems worldwide. Fisher & Paykel Healthcare Corporation Limited was founded in 1934 and is headquartered in Auckland, New Zealand.
5. DRÄGERWERK AG & CO. KGAA
Draegerwerk AG & Co KGaA develops medical and safety equipment for clinical and industrial applications. The firm operates in two divisions: medical and safety. Founded in 1889, headquartered in Germany.
6. GETINGE AB
Getinge AB (publ) provides products and solutions for operating rooms, intensive-care units, and sterilization departments. The company operates through Acute Care Therapies, Life Science, and Surgical Workflows segments. Getinge AB (publ) was founded in 1904 and is headquartered in Gothenburg, Sweden.
7. HAMILTON MEDICAL AG
Hamilton Medical develops intelligent ventilation solutions, devices and consumables for the ventilation of all critically ill patients. Founded in 1983, headquartered in Switzerland.
8. SMITHS GROUP PLC (SMITH MEDICAL INC.)
Smith’s Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect divisions. Smiths Group plc was founded in 1851 and is headquartered in London, the United Kingdom.
*Definition- Respiratory disposables are consumables used to connect respiratory equipment such ventilators, nebulizers, and oxygen treatment devices. Disposable tubes, disposable oxygen masks, disposable resuscitators, and other related attachments are examples of respiratory disposables.
