Respiration Apparatus Market

The article discusses the increasing demand for ozone therapy, oxygen therapy, aerosol therapy, and respiration apparatus globally. It projects a steady growth in market volume and value from 2022 to 2030, with Germany leading in consumption, the United States dominating imports, and China leading in exports.

Market Forecast

Driven by increasing demand for ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.1% for the period from 2022 to 2030, which is projected to bring the market value to $118.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ozone Therapy, Oxygen Therapy, Aerosol Therapy, Respiration Apparatus

For the eleventh year in a row, the global market recorded growth in consumption of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, which increased by 2.7% to 1.1B units in 2022. In general, consumption recorded a prominent increase. Over the period under review, global consumption attained the peak volume in 2022 and is likely to see steady growth in years to come.

The global respiration apparatus market value expanded significantly to $73.5B in 2022, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a strong increase. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

Germany (555M units) constituted the country with the largest volume of respiration apparatus consumption, accounting for 49% of total volume. Moreover, respiration apparatus consumption in Germany exceeded the figures recorded by the second-largest consumer, Lithuania (210M units), threefold. The United States (80M units) ranked third in terms of total consumption with a 7.1% share.

In Germany, respiration apparatus consumption increased at an average annual rate of +53.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Lithuania (+8.2% per year) and the United States (+14.2% per year).

In value terms, the United States ($17B), India ($12.9B) and China ($6.6B) constituted the countries with the highest levels of market value in 2022, with a combined 50% share of the global market. Germany, Turkey, Lithuania and the UK lagged somewhat behind, together accounting for a further 13%.

Germany, with a CAGR of +44.4%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of respiration apparatus per capita consumption was registered in Lithuania (77 units per person), followed by Germany (6.7 units per person), the UK (0.6 units per person) and the United States (0.2 units per person), while the world average per capita consumption of respiration apparatus was estimated at 0.1 units per person.

From 2012 to 2022, the average annual growth rate of the respiration apparatus per capita consumption in Lithuania totaled +9.2%. In the other countries, the average annual rates were as follows: Germany (+52.7% per year) and the UK (-3.8% per year).

Production

World Production of Ozone Therapy, Oxygen Therapy, Aerosol Therapy, Respiration Apparatus

Global respiration apparatus production stood at 1.1B units in 2022, flattening at the previous year. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. Global production peaked at 1.1B units in 2020; afterwards, it flattened through to 2022.

In value terms, respiration apparatus production reached $62B in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. Global production peaked at $67.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

Germany (553M units) remains the largest respiration apparatus producing country worldwide, comprising approx. 51% of total volume. Moreover, respiration apparatus production in Germany exceeded the figures recorded by the second-largest producer, Lithuania (210M units), threefold. China (112M units) ranked third in terms of total production with a 10% share.

From 2012 to 2022, the average annual growth rate of volume in Germany stood at +52.9%. The remaining producing countries recorded the following average annual rates of production growth: Lithuania (+8.2% per year) and China (+10.7% per year).

Imports

World Imports of Ozone Therapy, Oxygen Therapy, Aerosol Therapy, Respiration Apparatus

In 2022, purchases abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus increased by 17% to 107M units, rising for the eighth year in a row after two years of decline. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 76%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, respiration apparatus imports shrank to $10.8B in 2022. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 84% against the previous year. As a result, imports attained the peak of $15.3B. From 2021 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

The United States prevails in imports structure, recording 60M units, which was near 56% of total imports in 2022. It was distantly followed by the Netherlands (7.5M units) and Ireland (4.9M units), together committing a 12% share of total imports. Germany (4M units), the UK (2.3M units), Mexico (2.2M units), France (1.8M units) and Italy (1.7M units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imports, with a CAGR of +28.5% from 2012 to 2022. At the same time, Ireland (+27.1%), the Netherlands (+22.8%), Mexico (+10.4%), Italy (+9.9%), Germany (+6.0%) and France (+2.3%) displayed positive paces of growth. By contrast, the UK (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, the Netherlands and Ireland increased by +37, +3.3 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($3.4B) constitutes the largest market for imported ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus worldwide, comprising 31% of global imports. The second position in the ranking was taken by the Netherlands ($973M), with a 9% share of global imports. It was followed by Germany, with a 6.4% share.

In the United States, respiration apparatus imports increased at an average annual rate of +7.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+12.0% per year) and Germany (+5.3% per year).

Import Prices By Country

The average respiration apparatus import price stood at $102 per unit in 2022, dropping by -24.7% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 9.9%. As a result, import price reached the peak level of $253 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($269 per unit), while Ireland ($19 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Ozone Therapy, Oxygen Therapy, Aerosol Therapy, Respiration Apparatus

In 2022, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -12.6% to 74M units, falling for the second consecutive year after five years of growth. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 155%. As a result, the exports reached the peak of 91M units. From 2021 to 2022, the growth of the global exports failed to regain momentum.

In value terms, respiration apparatus exports reduced to $10.2B in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 78%. As a result, the exports reached the peak of $14B. From 2021 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

China was the largest exporter of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in the world, with the volume of exports reaching 35M units, which was near 48% of total exports in 2022. It was distantly followed by Mexico (9M units) and the Netherlands (5.6M units), together committing a 20% share of total exports. The United States (3M units), Germany (2.2M units), Australia (2.1M units), Singapore (2M units), Malaysia (1.9M units), the UK (1.8M units), Belgium (1.3M units), Italy (1.3M units) and the Czech Republic (1.2M units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to respiration apparatus exports from China stood at +16.6%. At the same time, Singapore (+45.6%), Malaysia (+42.7%), the Netherlands (+17.3%), the UK (+15.6%), the Czech Republic (+9.5%), Australia (+9.2%), Belgium (+7.1%), Italy (+6.9%) and Mexico (+2.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.6% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Germany (-1.1%) illustrated a downward trend over the same period. China (+22 p.p.), the Netherlands (+3.7 p.p.), Singapore (+2.6 p.p.) and Malaysia (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United States and Mexico saw its share reduced by -5.2%, -5.5% and -12.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest respiration apparatus supplying countries worldwide were Singapore ($1.5B), the United States ($1.4B) and China ($1.2B), together accounting for 41% of global exports.

In terms of the main exporting countries, Singapore, with a CAGR of +55.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average respiration apparatus export price stood at $139 per unit in 2022, surging by 4% against the previous year. Overall, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 20%. The global export price peaked at $226 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($752 per unit), while Belgium ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform