Respiratory Disposables Market to Reach US$ 1.8 billion by 2031, Expanding at a CAGR of 5.2%: TMR Report

Wilmington, Delaware, United States, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global respiratory disposable market is projected to flourish at a CAGR of 5.2% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 1.8 billion is anticipated for the market in 2031. As of 2023, the market for respiratory disposables is expected to close at US$ 1.21 billion.

The increasing prevalence of respiratory disorders drives the market demand for respiratory disposables such as oxygen masks, nasal cannulas, and airway tubing.

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Competitive Landscape

The respiratory disposables market is highly consolidated with the presence of a few market players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global respiratory disposables market report:

Key Developments in the Respiratory Disposables Market

An increasing number of patients suffering from diseases including asthma, lung cancer, Chronic Obstructive Pulmonary Disease (COPD), and Obstructive Sleep Apnea (OSA), boost the market growth.

The increasing aging population across the globe as old people are more susceptible to respiratory conditions and often require respiratory support, is expected to contribute to the sustained demand for respiratory disposable

The growing need for effective treatment approaches and devices such as inhaled medications and oxygen therapy is projected to augment respiratory disposables market statistics in the near future.

Key Takeaways from the Market Study

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Respiratory Disposables Market : Key Trends and Opportunistic Frontiers

Respiratory Disposables Market- Regional Analysis

Respiratory Disposables Market – Key Segments

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Application

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Region

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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