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Globally, the market for respiratory devices was estimated to be worth USD 4.5 billion in 2010. Market analysts project that this market will touch a value of nearly USD 2.6 billion by the end of 2017, registering a growth rate of 7% annually.

As the rate of respiratory illnesses rises worldwide, the market continues to experience growth in demand for respiratory devices. These illnesses primarily include sleep apnea, chronic obstructive pulmonary disease (COPD), asthma and others. The occurrence of these illnesses is linked to growth levels of air pollution. However, COPD remains a serious illness that is likely to be the third-biggest reason for deaths worldwide by the end of 2020, according to the British Lung Foundation. Currently, this illness is the fifth largest killer worldwide and accounts for nearly 25% deaths in the United Kingdom. Asthma is yet another illness that is gaining prevalence worldwide and the market needs high quality devices for treating asthma.

These facts indicate the seriousness with which authorities need to approach respiratory illnesses. The role of respiratory devices in this combat is paramount. The onus of conducting research and development in this sector lies on leading market players. 

Given that this market is currently witnessing growth, there are bound to be a slew of new opportunities and trends that market players can take advantage of.
Respiratory illnesses such as asthma are on the rise not just in the United States, but also in other markets such as Australia, New Zealand, Canada, and the United Kingdom. It is estimated that the European Union expends nearly USD 22 billion on asthma per year.

While there are hundreds of large and small devices for treating respiratory illnesses, some of the major ones in the market include inhalers, ventilators, nebulizers, oxygen concentrators, and airway pressure devices.

In the future too, poor lifestyle trends such as smoking, sedentary lifestyle, consumption of junk food, etc coupled with growing pollution levels will likely contribute to the growth of the respiratory devices market. 

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