Global Respiratory Monitoring Devices Market Size, Trends, and Growth Opportunity, By Diagnostic Devices (Spirometers and Peak Flow Meters), By Monitoring Devices (Sleep Test Devices, Gas Analyzers, Pulse Oximeters, and Capnographs), By Region and Forecast to 2030.
Report ID : IR1002324 | Industries : Healthcare | Published On :July 2024 | Page Count : 211
Global Respiratory Monitoring Devices Market Size, Trends, and Growth Opportunity, By Diagnostic Devices (Spirometers and Peak Flow Meters), By Monitoring Devices (Sleep Test Devices, Gas Analyzers, Pulse Oximeters, and Capnographs), By Region and Forecast to 2030.
Global Respiratory Monitoring Devices Market
The Global Respiratory Monitoring Devices Market was valued at USD 1.75 billion in 2022 and is expected to reach USD 2.95 billion by 2030, at a CAGR 6.22% during the forecast period 2023- 2030.
A component of polysomnography (PSG), respiratory monitoring aids in the identification of breathing abnormalities that are associated with diurnal movement disorders. Data on breathing rhythms and sleeping patterns can be obtained with the aid of polysomnography (PSG). Device for monitoring the respiratory system that ensures adequate gas exchange and airway efficacy. By detecting the mechanics of respiration, the most widely used gadget, such as "RespiraSense," continuously and correctly measures respiratory rate. The three primary measures of respiratory rate monitoring during sleep are arterial oxygen saturation, airflow detection, and respiratory effort detection (SaO2). Healthcare businesses in the respiratory monitoring device industry are currently concentrating on creating PSG sensors that give medical professionals information.
Market Drivers
The increasing incidence of different respiratory illnesses is anticipated to boost the market growth in the coming years. The increase in the prevalence of asthma, respiratory infections, and chronic obstructive pulmonary disease (COPD) around the world is fueling the market for respiratory monitoring devices. The World Health Organization estimates that 3 million people worldwide pass away each year as a result of COPD, which affects about 65 million people worldwide. Asthma affects around 334 million people worldwide, with children making up 14% of those affected.
The main causes of the increased number of respiratory disease cases among the world's population are rising pollution levels, increasing demand for tobacco use, and changing consumer lifestyles which are one of the factors propelling the market growth.
Market Restraints
The high cost of the monitoring devices and reimbursement issues are the factors anticipated to hamper the market expansion. Therapy for COPD is expensive and uses outdated technology are the factors hindering market growth in the coming years.
COVID 19 Impact
The COVID-19 epidemic had a substantial effect on the respiratory monitoring business. The COVID-19 pandemic has seen a considerable increase in the demand for respiratory monitoring equipment because of the rising number of COVID-19 cases that necessitate ongoing respiratory monitoring. Additionally, a study published in the MDPI Journal in June 2021 found that COVID-19 patients who had lower CO2 levels had a higher probability of passing away. As a result, analyzing the program can be a valuable technique for monitoring CO2 levels in COVID-19 patients. This advantage is anticipated to propel the market for the pandemic vaccine.
Market Segmentation
The Global Respiratory Monitoring Devices Market is segmented into Diagnostic Devices and Monitoring Devices.
Based on Diagnostic Devices, the market is classified into Spirometers and Peak Flow Meters.
Based on Monitoring Devices, the market is divided into Sleep Test Devices, Gas Analyzers, Pulse Oximeters, and Capnographs.
Regional Analysis
The Global Respiratory Monitoring Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
The market for respiratory monitoring has been led by North America, and this dominance of the industry is mostly due to the rising prevalence of respiratory disorders. Also, the country's per capita health spending has increased and is anticipated to do so over the projected period as a result of the decline in the unemployment rate. Asthma affects more than 20 million Americans aged 18 and older annually, according to data from the Asthma and Allergy Foundation of America as of April 2021. As a result, the market under research in the United States is expanding because the prevalence of such disorders in the nation suggests a constant need for respiratory equipment.
Key Players
Various key players are discussed in the Global Respiratory Monitoring Devices Market Report including: Airsep Corporation, Medtronic (Covidien), Draegerwerk, GE Healthcare, Getinge Inc., Philips Healthcare, Resmed, and Siemens Healthcare.
Market Taxonomy
By Diagnostic Devices
• Spirometers
• Peak Flow Meters
By Monitoring Devices
• Sleep Test Devices
• Gas Analyzers
• Pulse Oximeters
• Capnographs
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Respiratory Monitoring Devices Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Respiratory Monitoring Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Respiratory Monitoring Devices Market, By Diagnostic Devices
5.1 Y-o-Y Growth Comparison, By Diagnostic Devices
5.2 Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
5.3 Global Respiratory Monitoring Devices Market Size and Forecast, By Diagnostic Devices
5.3.1 Spirometers
5.3.2 Peak Flow Meters
6 Global Respiratory Monitoring Devices Market, By Monitoring Devices
6.1 Y-o-Y Growth Comparison, By Monitoring Devices
6.2 Global Respiratory Monitoring Devices Market Share Analysis, By Monitoring Devices
6.3 Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
6.3.1 Sleep Test Devices
6.3.2 Gas Analyzers
6.3.3 Pulse Oximeters
6.3.4 Capnographs
7 Global Respiratory Monitoring Devices Market, By Region
7.1 Global Respiratory Monitoring Devices Market Share Analysis, By Region
7.2 Global Respiratory Monitoring Devices Market Size and Forecast, By Region
8 North America Respiratory Monitoring Devices Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
8.3 North America Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
8.4 North America Global Respiratory Monitoring Devices Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Respiratory Monitoring Devices Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
9.3 Europe Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
9.4 Europe Global Respiratory Monitoring Devices Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Respiratory Monitoring Devices Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
10.3 Asia Pacific Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
10.4 Asia Pacific Global Respiratory Monitoring Devices Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Respiratory Monitoring Devices Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
11.3 Latin America Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
11.4 Latin America Global Respiratory Monitoring Devices Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Respiratory Monitoring Devices Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Global Respiratory Monitoring Devices Market Share Analysis, By Diagnostic Devices
12.3 Middle East Global Respiratory Monitoring Devices Market Size and Forecast, By Monitoring Devices
12.4 Middle East Global Respiratory Monitoring Devices Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Airsep Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Medtronic (Covidien)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Draegerwerk
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 GE Healthcare
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Getinge Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Philips Healthcare
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Resmed
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Siemens Healthcare
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies