Therapeutic Respiratory Devices Market size to hit USD 64.5

Selbyville, Delaware, Oct. 12, 2022 (GLOBE NEWSWIRE) —

The therapeutic respiratory devices market value is slated to cross USD 64.5 billion by 2030, according to a new research report by Global Market Insights Inc.

The report suggests that the recent surge in technological advancements across the healthcare sector will drive business landscape. Patients are depicting an increased inclination toward user-friendly, portable, and new and improved medical devices. In addition, rapid medical advancements coupled with the advent of quick and cost-effective devices that do not entail much doctor’s assistance are presenting ample growth opportunities for the industry players.

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Rising prevalence of lung diseases to spur the market progression

Therapeutic respiratory devices market from inhaler segment accounted for over 55% revenue share in 2021, owing to the increased occurrences of lung diseases due to air pollution, smoking, chemical exposure, and other environmental factors. Furthermore, the introduction of new and automated metered-dosed inhalers that encompass built-in dose counting technology is responsible for increasing product demand.

Increased availability of advanced devices to fuel the industry development

Asthma segment held over 28% market share in 2021, owing to the introduction of advanced medications including inhalers and nebulizers. According to the data from the Asthma and Allergy Foundation of America, nearly 25 million people are susceptible to asthma in the U.S., which is equivalent to 1 in 13 people.

Browse key industry insights spread across 330 pages with 504 market data tables & 16 figures & charts from the report, “Therapeutic Respiratory Devices Market Analysis By Product, Application, End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share &…