Global Respiratory Monitoring Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Respiratory Monitoring Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type of Device (Spirometers, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnographs, and Other Types of Devices), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Respiratory Monitoring Market was valued at USD XX million in 2023 and is expected to reach USD XX million by 2031 while growing at a CAGR of 10.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global respiratory monitoring market growth. Respiration monitoring entails monitoring and quantifying an individual's respiratory rate, which denotes the frequency of breaths per minute. This practice aids in evaluating respiratory function and identifying deviations that may signal underlying health issues. Monitoring can be achieved by manually counting breaths within a minute or employing dedicated tools like respiration sensors, chest bands, or capnography devices. These methods facilitate ongoing or intermittent monitoring of breathing patterns, offering precise assessments of respiratory rate.
The rising incidence of respiratory disorders, coupled with the growing aging population, and ongoing advancements in sensor technology, wireless connectivity, and data analytics, propel the expansion of the respiratory monitoring market by enhancing device accuracy, usability, and connectivity. However, cost constraints and limited reimbursement policies serve as barriers to market growth.
Furthermore, the global respiratory monitoring industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type of Device Analysis
The Global Respiratory Monitoring Market is segmented among Spirometers, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnographs, and Other Types of Devices, based on Type of Device. In 2023, Spirometers accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Respiratory Monitoring Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Airsep Corporation, Medtronic (Covidien), Draegerwerk, GE Healthcare, Hamilton Medical, Getinge Inc., Philips Healthcare, Resmed, Siemens Healthcare, and Vyaire Medical, Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Respiratory Monitoring Market Dynamics
Drivers
Restraints
Opportunity
4. Global Respiratory Monitoring Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Respiratory Monitoring Market Segmentation, By Type of Device
Global Respiratory Monitoring Market Share Analysis, By Type of Device
Global Respiratory Monitoring Market Growth Analysis, By Type of Device
Global Respiratory Monitoring Market Trends, By Type of Device
o Spirometers
o Peak Flow Meters
o Sleep Test Devices
o Gas Analyzers
o Pulse Oximeters
o Capnographs
o Other Types of Devices
6. Global Respiratory Monitoring Market Segmentation, By Region
Global Respiratory Monitoring Market Share Analysis, By Region
Global Respiratory Monitoring Market Growth Analysis, By Region
Global Respiratory Monitoring Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
Airsep Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Medtronic (Covidien)
Draegerwerk
GE Healthcare
Hamilton Medical
Getinge Inc.
Philips Healthcare
Resmed
Siemens Healthcare
Vyaire Medical, Inc.
*Similar analysis will be provided for each company listed above.