This study involved four major activities in estimating the current respiratory care devices market size. First, extensive secondary research was conducted to gather information on the market, including related and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the respiratory care devices market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level, as well as key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the respiratory care devices market. The primary sources from the demand side included industry experts, purchase & sales managers, doctors, and personnel from research organizations. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.
A breakdown of the primary respondents for the respiratory care devices market is provided below:
Note 1: C-level primaries include CEOs, CFOs, COOs, and VPs.
Note 2: Other designations include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note 3: Companies are classified into tiers based on their total revenue. As of 2023, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = < USD 1.00 billion.
Source: MarketsandMarkets Analysis
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
For the global market value, annual revenues were calculated based on the revenue mapping of major product manufacturers and OEMs active in the global respiratory care devices market. All the major product manufacturers were identified at the global and/or country/regional level. Revenue mapping for the respective business segments/sub-segments was done for the major players. Also, the global respiratory care devices market was split into various segments and subsegments based on:
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List of major players operating in the products market at the regional and/or country level
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Product mapping of various respiratory care device manufacturers at the regional and/or country level
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Mapping of annual revenue generated by listed major players from respiratory care devices (or the nearest reported business unit/product category)
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Revenue mapping of major players to covered
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Extrapolation of the revenue mapping of the listed major players to derive the global market value of the respective segments/subsegments
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Summation of the market value of all segments/subsegments to arrive at the global market
The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-up Approach and Top-down Approach
Data Triangulation
After arriving at the overall size of the global respiratory care devices market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both demand- and supply-side participants.
Market Definition
Respiratory care is a healthcare specialty that provides diagnostic evaluation, management, control, therapy, and monitoring of cardiopulmonary system diseases and disorders. Respiratory care devices are extensively used in general & surgical wards and ICUs as a life support measure.
Stakeholders
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Respiratory Care Device Manufacturers and Distributors
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Healthcare Institutions (Hospitals, Laboratories, Medical Schools, and Outpatient Clinics)
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Research Institutes
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Contract Manufacturing Organizations (CMOs)
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Government Associations
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Market Research and Consulting Firms
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Venture Capitalists and Investors
Report Objectives
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To define, describe, and forecast the respiratory care devices market based on product type, disease indication, end user, and region
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To forecast the market size based on five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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To strategically analyze the industry trends, technology trends, pricing analysis, regulatory scenario, supply/value chain, ecosystem mapping, Porter’s Five Forces, patent analysis, key stakeholders and buying criteria, and conferences & events
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To provide detailed information regarding the major factors influencing the growth of this market (such as drivers, restraints, opportunities, and challenges)
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To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall respiratory care devices market
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To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
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To strategically profile key players in the respiratory care devices market and comprehensively analyze their core competencies
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To track and analyze competitive developments such as product launches & approvals, partnerships, agreements, collaborations, joint ventures, expansions, and acquisitions in the overall respiratory care devices market
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To benchmark players within the market using the proprietary “Competitive Evaluation Matrix” framework, which analyzes market players on various parameters within the broad categories of business and product/service strategy
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To analyze the generative AI impact on the respiratory care devices market
Growth opportunities and latent adjacency in Respiratory Care Devices Market