The Respiratory Monitoring Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Respiratory Monitoring Devices Global Market Report 2024, The respiratory monitoring devices market size has grown rapidly in recent years. It will grow from $1.5 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to respiratory diseases, aging population, technological advancements, hospital and homecare settings.
The respiratory monitoring devices market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to respiratory health awareness, chronic diseases, remote patient monitoring, wearable technology. Major trends in the forecast period include remote monitoring and telehealth, connected devices and iot, data analytics and artificial intelligence, mobile apps and wearable devices.
The rising rate of chronic respiratory diseases is expected to drive the growth of respiratory monitoring devices market in the near future. Chronic respiratory diseases such as asthma, bronchitis, pneumonia, and others resulting from different bacterial and viral infections will boost the demand for respiratory monitoring devices. For example, in June 2023, according to The Centers for Disease Control and Prevention, a US based public health agency, there were 142,342 deaths in 2021 from chronic lower respiratory diseases. Additionally, in June 2023, according to The Australian Institute of Health and Welfare, a Australia-based national agency Nearly one-third (30%) of Australians, or 7.5 million people, have been diagnosed with chronic respiratory diseases. The respiratory monitoring devices such as spirometers and pulse oximeters act as essential devices to monitor vital respiratory parameters.
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The respiratory monitoring devices market covered in this report is segmented –
1) By Type: Capnographs; Gas Analyzers; Pulse Oximeters; Peak Flow Meters; Spirometers; Polysomnographs; Others Types
2) By Application: Chronic Obstructive Pulmonary Disease (COPD), Infectious Diseases; Asthma, Other Applications
3) By End-User: Laboratories; Hospitals; Home Use
The respiratory monitoring devices market report table of contents includes:
- Executive Summary
- Respiratory Monitoring Devices Market Characteristics
- Respiratory Monitoring Devices Market Trends And Strategies
- Respiratory Monitoring Devices Market – Macro Economic Scenario
- Global Respiratory Monitoring Devices Market Size and Growth
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- Global Respiratory Monitoring Devices Market Competitive Benchmarking
- Global Respiratory Monitoring Devices Market Competitive Dashboard
- Key Mergers And Acquisitions In The Respiratory Monitoring Devices Market
- Respiratory Monitoring Devices Market Future Outlook and Potential Analysis
- Appendix
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