Market Size of United Kingdom Respiratory Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 10.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Respiratory Medical Devices Market Analysis
The United Kingdom respiratory devices market is expected to register a CAGR of 10% over the forecast period (2022-2027).
The United Kingdom respiratory devices market is expected to show good growth due to the increasing prevalence of respiratory disorders, such as COPD, TB, asthma, and sleep apnea, along with technological advancements and increasing applications in the home care settings.
An article titled 'Care of chronic respiratory disease in the United Kingdom in the time of the COVID-19 pandemic' published by the World Health Organization Regional Office on Europe in January 2021 illustrated that the COVID-19 pandemic had caused an uproar in the use of ventilators among other respiratory devices in the nation. In January 2021, the Royal Brompton Hospital in London supported over 11,000 patients in continuous positive airway pressure (CPAP) machines and over 2000 patients in ventilators. The large number of devices required during the COVID-19 pandemic also added to the market growth over the forecast period.
There is a high incidence of respiratory diseases and these diseases have affected one in five people. These respiratory diseases are the third-largest cause of death in England (after cancer and cardiovascular disease). As per the May 2022 update on respiratory diseases published by Public Health England, respiratory diseases accounted for 1.1 million hospital admissions in the year 2019-2020. The article also stated that the number of respiratory diseases increased hospital admissions during the winter, placing a burden on the National Health Services. The large population affected by respiratory problems who require respiratory devices for their betterment is likely to add to the growth of the studied market.
Also, as per the Occupational Lung Disease statistics in Great Britain, 2021, an estimate of 17,000 new cases of breathing and lung problems were recorded each year in the country, with the condition being caused as a result of either work or worsened by their work. Such high incidences of respiratory problems in the nation are expected to propel the growth of the United Kingdom respiratory devices market over the forecast period.
The incidence and mortality rates from respiratory diseases are higher, with the gap widening and leading to worse health outcomes. The most deprived communities have a higher incidence of smoking rates, exposure to higher levels of air pollution, poor housing conditions, and exposure to occupational hazards that are increasing respiratory disorders among the population. Furthermore, the medical devices industry of the United Kingdom is primarily comprised of small- and medium-sized companies that are increasing the overall respiratory devices market.
However, the high cost of the respiratory devices are likely to hinder the growth of the market over the forecast period.
UK Respiratory Medical Devices Industry Segmentation
As per the scope of the report, respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia. The United Kingdom Respiratory Devices Market is segmented by Type (Diagnostic and Monitoring Devices, Therapeutic Devices, and Disposables). The report offers the value (in USD million) for the above segments.
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United Kingdom Respiratory Devices Market Size Summary
The United Kingdom respiratory care devices market is poised for significant growth, driven by the rising prevalence of respiratory disorders such as COPD, asthma, and sleep apnea, alongside technological advancements and increased applications in home care settings. The COVID-19 pandemic has further accelerated the demand for respiratory devices, including ventilators and CPAP machines, highlighting the critical need for such equipment. The high incidence of respiratory diseases, which are a leading cause of mortality in England, coupled with the burden on the National Health Services due to increased hospital admissions, underscores the necessity for effective respiratory care solutions. Additionally, occupational lung diseases and environmental factors like air pollution and poor housing conditions contribute to the growing demand for respiratory devices, supporting market expansion.
The market is characterized by the presence of small- and medium-sized companies driving innovation in the medical devices sector. Technological advancements in spirometry, such as the development of portable spirometers with enhanced accuracy and immediate feedback, are facilitating easier diagnosis and management of respiratory conditions. Key players like Medtronic, Philips, and GE Healthcare are focusing on product innovations and market expansions to enhance their market share. Recent product launches, such as Vyaire Medical's remote Aiocare mobile spirometer, are expected to further propel market growth. However, the high cost of respiratory devices may pose challenges to market expansion. Overall, the United Kingdom respiratory devices market is set to experience robust growth, supported by technological advancements and a growing patient population requiring respiratory care.
United Kingdom Respiratory Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, Asthma, and Sleep Apnea
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1.2.2 Technological Advancements and Increasing Applications in Home Care Settings
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1.3 Market Restraints
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1.3.1 High Cost of Devices
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD Millions)
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2.1 By Type
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2.1.1 By Diagnostic and Monitoring Devices
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2.1.1.1 Spirometers
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2.1.1.2 Sleep Test Devices
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2.1.1.3 Peak Flow Meters
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2.1.1.4 Pulse Oximeters
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2.1.1.5 Capnographs
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2.1.1.6 Other Diagnostic and Monitoring Devices
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2.1.2 By Therapeutic Devices
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2.1.2.1 CPAP Devices
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2.1.2.2 BiPAP Devices
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2.1.2.3 Humidifiers
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2.1.2.4 Nebulizers
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2.1.2.5 Oxygen Concentrators
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2.1.2.6 Ventilators
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2.1.2.7 Inhalers
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2.1.2.8 Other Therapeutic Devices
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2.1.3 By Disposables
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2.1.3.1 Masks
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2.1.3.2 Breathing Circuits
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2.1.3.3 Other Disposables
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United Kingdom Respiratory Devices Market Size FAQs
What is the current United Kingdom Respiratory Devices Market size?
The United Kingdom Respiratory Devices Market is projected to register a CAGR of 10% during the forecast period (2024-2029)
Who are the key players in United Kingdom Respiratory Devices Market?
Fisher & Paykel Healthcare Ltd, Dragerwerk AG, DeVilbiss Healthcare LLC, GSK plc and GE Healthcare are the major companies operating in the United Kingdom Respiratory Devices Market.