Respiratory Monitoring Devices Market 2022 : Key Players, SWOT Analysis, Key Indicators, Forecast and COVID 19 Impact Analysis 2031

Rise in Prevalence Rate of Respiratory Diseases to Drive Respiratory Monitoring Devices Market

Rise in prevalence rate of respiratory diseases worldwide is projected to drive the global respiratory monitoring devices market during the forecast period

Approximately 50% of Latin American countries reported that around 15% of the population suffered from childhood asthma, revealed by Forno and Colleagues in the journal Thorax published in December 2016

According to the WHO, in 2015, globally, there were 100 million people affected with chronic respiratory diseases with sleep apnea being the most common problem

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Increase in Use of Pulse Oximeters in Clinics and Laboratories

In terms of product, the global respiratory monitoring devices market has been segmented into pulse oximeters, capnographs, spirometers, polysomnographs (PSG), peak flow meters, gas analyzers, and others. The pulse oximeter segment accounted for a major market share in 2018.

Technological advancements related to respiratory monitoring equipment and high utilization of pulse oximeters in clinics and laboratories are various factors that are likely to drive the pulse oximeters segment during the forecast period

Rise in demand for non-invasive respiratory monitors is expected to accelerate the growth of the global respiratory monitoring devices market

In November 2015, Montefiore Medical Center developed a non-invasive pulseless oximeter, which measures arterial oxygenation in patients with weak pulse

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Hospitals to be Major End User of Respiratory Monitoring Devices

Based on end user, the global respiratory monitoring devices market has been categorized into home care, hospitals, ambulatory surgical centers, and specialty clinics

The home care segment is likely to gain significant market share by 2027. Growth of this segment can be attributed to the increase in the adoption of respiratory monitoring devices for home use, rise in the number of market players launching portable devices, and growing demand for home use spirometers and peak flow meters.

North America to Lead Respiratory Monitoring Devices Market

In terms of region, the global respiratory monitoring devices market has been divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a leading share of the global respiratory monitoring devices market during the forecast period, owing to the increase in the number of market players receiving FDA approval, new product launches, and significant growth of diagnostic medical devices market.

In January 2019, Masimo received the FDA approval for MightSat Rx finger pulse oximeter that can be used at home, thereby expanding its share of the respiratory monitoring devices market

In June 2015, Cohero Health received the FDA approval for mobile connected spirometer, a Bluetooth-connected device the measures critical lung function

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Growth Strategies of Key Players

Key players operating in the global respiratory monitoring devices market are Medtronic, Philips Healthcare (Koninklijke Philips N.V.), Smiths Medical (part of Smiths Group plc), Drägerwerk AG & Co. KGaA, GE Healthcare (part of General Electric Company), Welch Allyn, Inc. (Hill-Rom Holdings, Inc.), Masimo, MGC Diagnostics Corporation, Vyaire Medical Inc. (Becton, Dickinson and Company and Apax Partners' Joint Venture), Nihon Kohden Corporation, and Novelda AS

Launch of products for home use and increase in research and development activities by prominent players are major strategies adopted by companies operating in the respiratory monitoring devices market

Global Respiratory Monitoring Devices Market: Segmentation

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Respiratory Monitoring Devices Market, by Product

Pulse Oximeters
Capnographs
Spirometers
Polysomnographs (PSG)
Peak Flow Meters
Gas Analyzers
Others
Respiratory Monitoring Devices Market, by End User

Home care
Hospitals
Ambulatory Surgical Centers
Specialty Clinics

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