Respiratory Device Market to Expand at 9.90% CAGR Through 2034
The global respiratory device market is entering a transformative decade, with projections indicating remarkable growth driven by technological innovation, increasing respiratory illness prevalence, and supportive healthcare policies. Valued at USD 26,873.7 million in 2024, the market is expected to more than double, surpassing USD 69,072.5 million by 2034. This reflects a robust CAGR of 9.90% during the forecast period. A key driver of this expansion is the rising demand for effective treatments for chronic obstructive pulmonary disease (COPD) and asthma, particularly through combination therapies. The COVID-19 pandemic further underscored the critical role of respiratory devices in both patient care and infection control, reshaping healthcare priorities globally. With governments and private entities channeling significant investments into healthcare, the adoption of these devices has accelerated across developed and emerging economies. Positive Airway Pressure Devices Ret...