The global respiratory measurement devices market was valued at around US$ 7.9 Billion at the end of 2021. The market is projected to register a 5.1% CAGR and top a valuation of US$ 13.5 Billion by 2032.
“Increase in prevalence of sleep apnea, rise in geriatric population and increase in demand for non-invasive & painless tests is expected to uplift the respiratory measurement devices market growth.”
Respiratory monitoring aids in the detection of sleep disorders associated with a diurnal movement disorder. To obtain information on respiratory and sleeping habits polysomnography (PSG) is used. Spirometers and smart pulse oximeters are types of respiratory monitoring devices that assist in monitoring patients' respiratory conditions.
The treatment of patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory failure depends heavily on respiratory monitoring. Respiratory monitoring plays a crucial role in the management of these patients. It helps the medical professional to reach out concluding decision and choose the method of treatment for the patient.
| Attributes | Details |
|---|---|
| Respiratory Measurement Devices Market Value in 2021 | US$ 7.9 Billion |
| Respiratory Measurement Devices Market Value in 2032 | US$ 13.5 Billion |
| Respiratory Measurement Devices Market CAGR (2022 to 2032) | 5.1% |
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An increase in the prevalence of sleep apnea and respiratory diseases boosted the demand for respiratory monitoring devices. Furthermore, the rising geriatric population propelling the demand of the market. In older populations age causes a person's immune system to deteriorate.
Therefore, the risk of developing diseases in this age group increases due to the surge in the geriatric population. The risk of developing and contracting respiratory diseases increases with the age.
The market for respiratory monitoring devices is constantly developing new products that will be rising monitoring accuracy and enhancing patient comfort. Research and Development on novel systems by key manufacturers have been seen as a lucrative growth opportunity in the forecasted period.
The demand for novel products such as wearables, cordless devices, smartphones, and integrated devices, caused by the rapid advancement of technology is being accepted more quickly, propelling the market's expansion.
In comparison to other regions, North America has the greatest market for respiratory measurement device sales and makes the most contribution. Due to the existence of well-established key players that provide respiratory measurement devices and approval from the Food and Drug Administration (FDA) for the products.
Due to the increased emphasis on respiratory care management in homecare settings, Europe is predicted to have the fastest-growing demand for respiratory measurement devices. Due to the region's increasingly aging population, rising consumer awareness, and growing medical tourism in developing nations like China, South Asia is forecasting strong development for the respiratory monitoring devices market.
Principal Consultant
Medtronic, Philips Healthcare, Smiths Medical, Drägerwerk AG & Co. KGaA, GE Healthcare, Welch Allyn, Inc., Masimo, MGC Diagnostics Corporation, Vyaire Medical, Inc., Nihon Kohden Corporation, Novelda AS, Welch Allyn, Inc., Masimo, Getinge Inc., Resmed, Siemens Healthcare.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 5.1% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Product, Indication, End User, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa (MEA) |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Players | Medtronic; Philips Healthcare; Smiths Medical; Drägerwerk AG & Co. KGaA; GE Healthcare; Welch Allyn, Inc.; Masimo; MGC Diagnostics Corporation; Vyaire Medical, Inc.; Nihon Kohden Corporation; Novelda AS; Welch Allyn, Inc.; Masimo, Getinge Inc.; Resmed; Siemens Healthcare. |
| Customization | Available Upon Request |
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The global respiratory measurement devices market is anticipated to register a CAGR of 5.1% during the forecast period.
The top players in the global respiratory measurement devices market are Medtronic, Philips Healthcare, Smiths Medical, Drägerwerk AG & Co. KGaA, GE Healthcare, Welch Allyn, Inc., Masimo, MGC Diagnostics Corporation, Vyaire Medical, Inc., Nihon Kohden Corporation, Novelda AS, Welch Allyn, Inc., Masimo, Getinge Inc, Resmed and Siemens Healthcare.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product 6.2. Indication 6.3. End User 7. Global Market Analysis and Forecast, By Product 7.1. Pulse Oximeters 7.2. Capnographs 7.3. Spirometers 7.4. Polysomnographs (PSG) 7.5. Peak Flow Meters 7.6. Gas Analyzers 7.7. Others 8. Global Market Analysis and Forecast, By Indication 8.1. Sleep Apnea 8.2. COPD 8.3. Asthma 8.4. Infectious Disease 9. Global Market Analysis and Forecast, By End User 9.1. Home Care 9.2. Hospitals 9.3. Ambulatory Surgical Centers 9.4. Specialty Clinics 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa (MEA) 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product, Indication, and End User for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Medtronic 20.2. Philips Healthcare 20.3. Smiths Medical 20.4. Drägerwerk AG & Co. KGaA 20.5. GE Healthcare 20.6. Welch Allyn Inc. 20.7. Masimo 20.8. MGC Diagnostics Corporation 20.9. Vyaire Medical Inc. 20.10. Nihon Kohden Corporation 20.11. Novelda AS 20.12. Welch Allyn Inc. 20.13. Masimo Getinge Inc. 20.14. Resmed 20.15. Siemens Healthcare
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Respiratory Measurement Devices Market
