Respiratory Care Market Size and Trends

The respiratory care market is estimated to be valued at USD 28.55 Bn in 2025 and is expected to reach USD 55.67 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 10.0% from 2025 to 2032.

Respiratory Care Market Key Factors

To learn more about this report, Request sample copy

The global respiratory care market is expected to witness positive growth over the forecast period owing to increasing pollution levels and growing geriatric population prone to chronic respiratory diseases. Respiratory device manufacturers are increasingly focusing on developing innovative portable devices to leverage the mobility offered by compact design and ease of use. The adoption of respiratory devices is also growing across emerging markets on the back of rising economic conditions and health awareness. However, stringent regulatory framework and high cost of innovative devices might limit market potential to a certain extent over the forecast years.

Growing Prevalence of Respiratory Diseases

One of the key drivers for the growth of the global respiratory care market is the rising prevalence of respiratory diseases across the world. Diseases like Chronic Obstructive Pulmonary Disease or COPD, asthma, and lung cancer are on the rise. COPD which encompasses chronic bronchitis and emphysema is a major health threat. For instance, according to the World Health Organization fact sheet released in May 2023, approximately 262 million individuals are estimated to be afflicted by asthma. The increasing prevalence of these diseases has led to a parallel rise in the demand for respiratory care devices, medicines, and diagnostics tools. People with breathing issues need oxygen concentrators, ventilators, and nebulizers on a regular basis. The treatment of respiratory disorders also involves inhaled drugs delivery through metered dose inhalers and dry powder inhalers. PFT or pulmonary function tests are commonly done for screening and monitoring lung diseases.