Staff Reporter
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Respiratory care devices to be valued at $33.6b by 2030
A key growth factor is the growing elderly population.
The global respiratory care devices market is expected to $33.6b by 2030 at a compound annual growth rate of 7.3%, according to MarketsandMarkets.
The sector’s expansion is driven by an increasing elderly population, the rising prevalence of chronic diseases, and a growing number of traumatic and burn injuries.
“The respiratory care devices market is dominated by chronic obstructive pulmonary disease,” the report said.
Supportive government initiatives and reimbursement frameworks also drive market growth.
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