
The global respiratory disposables market is likely to grow at a CAGR of 5.2% between 2022 and 2031. Respiratory disposables are single-use medical devices used for assisting patients in breathing and delivering anesthesia, oxygen and other respiratory treatments. Respiratory disposables prevent the spread of infection, which is a key factor augmenting market growth.
The outbreak of COVID-19 and its rapid spread resulted in a surge in demand for personal protective equipment and respiratory disposables such as respirators and face masks. This was necessary to control and prevent the spread of the disease. The pandemic created a continuous demand for respiratory disposable devices and products as it was necessary for COVID patients to receive medical attention in hospital facilities. Thus, the advent of the COVID pandemic led to significant revenue generation in the respiratory disposables market.
The study found:
- Increase in Prevalence of Respiratory Diseases: An increase in the number of people suffering from respiratory disorders across the world is anticipated to propel industry growth. Air pollution and diseases, such as obstructive sleep apnea, lung cancer, chronic obstructive pulmonary disease (COPD), and asthma, are caused due to smoking or inhaling polluted air for a prolonged period. This is anticipated to propel the demand for respiratory treatment in hospitals, which in turn is expected to create lucrative business opportunities in the respiratory disposables market during the forecast period.
- Rise in Health Care Expenditure: Increase in focus on improving the overall health care infrastructure and facilities resulted in high medical expenditure. This, in turn, promoted the adoption of home health care services for people in low- and middle-income groups to ensure the necessary medical attention for their family through cost-efficient and convenient home healthcare services. This increased the usage of disposable medical products, such as respiratory disposables, which is anticipated to boost market size during the forecast period.