The respiratory trainer market consists of devices that are used for physical exercises to strengthen respiratory muscles and improve lung capacity. Respiratory trainers help patients manage chronic obstructive pulmonary disease (COPD), asthma, and other respiratory diseases through deep breathing exercises. The global respiratory trainer market is estimated to be valued at US$ 481.83 million in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased prevalence of respiratory disorders: The growing prevalence of respiratory diseases such as asthma, COPD, and other lung disorders has been a key driver propelling the demand for respiratory trainers. As per the World Health Organization (WHO), close to 65 million people suffer from moderate to severe COPD worldwide. Additionally, over 300 million people suffer from asthma globally. Respiratory trainers help patients manage their symptoms and improve lung functioning through deep breathing exercises. The rising disease burden of respiratory diseases has led to increasing adoption of respiratory trainers, which is expected to continue during the forecast period.
SWOT Analysis
Strength: Respiratory trainers provide effective breathing exercises to patients with respiratory disorders helping strengthen core muscles. They also promote lung capacity building in a controlled manner.
Weakness: The initial cost of respiratory trainers can be high for some users. Patients also need to maintain consistency in usage for desired results.
Opportunity: Growing incidence of respiratory diseases worldwide due to pollution, lifestyle changes etc. is increasing demand for respiratory training devices. Technological advancements are also enhancing features of these devices.
Threats: Alternative breathing techniques and practices like yoga could emerge as substitutes. Economic slowdowns may temporarily impact the market as these are not essential medical devices.
Key Takeaways
The global respiratory trainer market is expected to witness high growth over the forecast period supported by rising respiratory ailments.
North America currently dominates the market owing to higher acceptability of new medical technologies and devices in the region. Growing pollution levels and unhealthy lifestyles are majorly driving respiratory issues across nations which in turn is boosting regional demand for respiratory trainers.
Key players operating in the respiratory trainer market are Medlin, Respironics, Philips, Fresenius and BD. These industry leaders are engaged in new product launches and strategic deals to gain market share. Players are leveraging technological advancements to develop enhanced features, monitoring capabilities and better connectivity in their devices. This is helping them expand consumer base. Rising healthcare expenditure and growing awareness is further benefiting market revenues and stimulating investments in R&D.
