Respiratory trainers are devices used for manual breathing therapy to improve respiration in patients suffering from respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis among others. Respiratory trainers help improve lung capacity, clearance of secretions and overall breathing control. They come in various designs such as masks, mouthpieces or tubes and provide resistance training to strengthen respiratory muscles. Increasing prevalence of respiratory diseases owing to rising air pollution levels and growing geriatric population who are more susceptible to such diseases is driving the demand for respiratory trainers.

The global Respiratory Trainer Market is estimated to be valued at US$ 481.83 Mn in 2023 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 Opportunity:
The growing prevalence of respiratory diseases especially in developing countries due to increasing pollution levels and aging population represents a major market opportunity for respiratory trainer devices. As per WHO, chronic respiratory diseases kill over 4 million people each year, with over 90% of COPD deaths occurring in low- and middle-income countries. With rapidly developing healthcare infrastructure in developing markets, there is significant scope for respiratory trainers to gain acceptance as an important treatment aid for respiratory illnesses. This growing disease burden along with improving access to care presents a lucrative opportunity for players in the respiratory trainer market.

Porter's Analysis

Threat of new entrants: The respiratory trainer market is moderately concentrated with a few large players. High RD and capital costs pose as a barrier for new entrants.

Bargaining power of buyers: Individual consumers have low bargaining power due to availability of limited branded options. However, hospitals and healthcare organizations have moderate bargaining power due to availability of alternative therapy options.

Bargaining power of suppliers: The threat from suppliers is moderately low due to availability of alternative raw material suppliers and suppliers having low differentiation in components.

Threat of new substitutes: The threat from new substitutes is moderately low as respiratory trainers offer non-invasive and easy to use option compared to complex medical procedures.

Competitive rivalry: The market is marked by competitive pricing and new product launches. Key players focus on RD to develop innovative products.

SWOT Analysis

Strengths: Growing respiratory diseases, rising healthcare expenditure, non-invasive nature of respiratory trainers.

Weaknesses: High product and therapy costs, lack of awareness in developing regions.

Opportunities: Untapped growth potential in developing regions, increasing adoption of portable and wireless devices.

Threats: Slow penetration of innovative products, presence of alternative treatment options.

Key Takeaways

The global Respiratory Trainer Market is estimated to be valued at US$ 481.83 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030

Regional analysis: North America will continue to dominate the market during the forecast period. This is attributed to the advanced healthcare infrastructure, growing respiratory disease prevalence, and availability of skilled professionals. Asia Pacific is expected to grow at the fastest pace supported by rising medical tourism, rapid economic growth, and increasing healthcare investments in countries such as China and India.

Key players: Key players operating in the respiratory trainer market are Medline Industries, Inc., Koninklijke Philips N.V., Smiths Medical, Inc., Vyaire Medical, Inc., IngMar Medical, POWERbreathe International Limited, PN Medical, Aleas Europe LLC, Aspire Products, LLC, Airofit, Project Electronics Limited, Biegler GmbH, Nidek Medical India, Besmed Health Business Corp, Forumed S.L., and Angiplast Private Limited. Major players focus on RD to develop innovative portable and wireless respiratory trainers.