openPR Logo
Press release

COPD & Asthma Diagnostic and Monitoring Devices Market Size To Reach New Heights By 2031 | Vyaire Medical, Smiths Medical, KONINKLIJKE PHILIPS N.V.

04-11-2023 02:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

COPD & Asthma Diagnostic and Monitoring Devices Market Size

The global COPD & asthma diagnostic and monitoring devices market held a market value of USD 6,696.41 million in 2021 and is estimated to reach USD 13,971.38 million by the year 2030. The market is likely to register a CAGR of 8.45% during the forecast period. In addition to that, the market volume is estimated to account for 88.45 million units in 2021, with a growth rate of 6.18% over the anticipated period.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=ARS315

With ever-increasing burden of diseases, coupled with the pandemic outbreak, the demand for asthma and COPD monitoring and diagnostic devices has been tremendously rising. Moreover, the exposure to environment pollution is also a factor boosting the demand. Furthermore, the portability of the drug delivery devices and the technological advancements drive the growth of the industry.
On the other hand, the strict regulatory framework hinders the growth of the industry.

In addition to that, the high cost of the device is another factor hampering the preference rate of the COPD and asthma monitoring and diagnostic devices. Moreover, the product recalls also hinder the growth rate of the industry. For instance, in August 2022, Philips expanded an earlier announced recall of respiratory machines toa total of 1,700 devices globally owing toa possible contamination of a plastic component with a non-compatible material.

Growth Influencers:

Portability of the Drug Delivery Devices
The prominent players in the market are focusing on developing drug delivery devices that are portable, disposable, and provides other benefits. For instance, in September 2021, BreatheSuite received FDA 510 (k) clearance for its BreatheSuite metered-dose inhaler (MDI) V1 device. BreatheSuite designed the device to turn existing MDIs into smart inhalers by automatically monitoring and offering feedback on inhaler adherence and technique for people with asthma and COPD. It constitutes a disposable, battery-powered, portable MDI add-on and a mobile application based on behaviour change strategies. Thus, such new releases boost the growth rate of the market.

Increase in population of active smokers
The rise in active smoker population drives the growth rate of the COPD and asthma diagnostic and monitoring devices industry. For instance, cigarette smoking prevails as the leading cause of preventable disease, and death in the United States, and the Office on Smoking and Health, National Center for Chronic Disease Prevention and Health Promotion mentions that it accounts for more than 480,000 deaths every year. Thus, such high statistics boost the demand in the market.

Segments Overview:

The global COPD & asthma diagnostic and monitoring devices market is segmented into product type, indication, and end user.
By Product Type,

? Diagnostic Devices
o Spirometers
o Electrocardiograms
o FeNO Test analyzer
o Arterial blood gas analyzer (ABG)
o Polysomnography devices
o Peak flow meters
o Others

Download Free Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=ARS315

? Monitoring Devices
o Pulse oximeters
o Capnographs
o Asthma monitors
o Portable tabletop pulse oximeter
o Wearable devices
o Fourier transform infrared spectroscopy (FTIR)
o Others
? Consumables & Accessories
o Masks
o Spirometry accessories
o Polysomnography accessories
o Peak flow meter accessories
o Pulse oximeter sensors
o Capnography accessories
o Gas analyzer accessories
o Others

The diagnostic devices segment held the major share of more than 60% in 2021.

By Indication,
? Asthma
? COPD

The COPD segment held the largest growth of 6.29% in 2021 owing to the increasing usage of diagnostic devices for COPD disease.

By End User,

? Hospitals and clinics
? Home care settings
? Others

The hospitals and clinics segment held the highest market share of more than 60% in 2021, with the highest growth rate of 8.76%.

Regional Overview

By region, the global COPD & asthma diagnostic and monitoring devices market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America.

The North American market for COPD and asthma diagnostic and monitoring devices held the largest market share of more than 25% in 2020. The regional market held a revenue of USD 6,696.4 million. On the other hand, the Asia Pacific industry for COPD and asthma diagnostic and monitoring devices grew at the fastest growth rate of 9.14% over the anticipated period.

To Get More Business Strategies For Request Sample Report:- https://reportocean.com/industry-verticals/sample-request?report_id=ARS315

The Middle Eastern and African market for COPD & asthma diagnostic and monitoring devices is also growing at a substantial rate due to the increasing strategic alliances.

Competitive Landscape

The chief companies operating in the global COPD & asthma diagnostic and monitoring devices market include Vyaire Medical, Smiths Medical, KONINKLIJKE PHILIPS N.V., Masimo Corporation, Medtronic plc, Invacare Corporation, Becton Dickinson & Company, and Getinge AB, among many others. the top ten players hold around 65% of the overall market share. The key market players are investing in product launches, collaborations, mergers and expansions to sustain in the market. For instance, in December 2020, Philips Engineering Solutions, and a Dutch company, Gilbert Technologies, announced their work to turn their proprietary soft mist technology into a first-of-a-kind medical inhaler device, which has the potential to improve treatment effectiveness for patients and reduce medical costs.

The global COPD & asthma diagnostic and monitoring devices market report provides insights on the below pointers:

? Market Penetration: Provides comprehensive information on the market offered by the prominent players
? Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
? Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
? Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global COPD & asthma diagnostic and monitoring devices market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
? Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
? Pricing Analysis: Pricing analysis of various metals and other components used in the manufacturing of COPD & asthma diagnostic and monitoring devices
? Manufacturing Cost Analysis: Cost-share of various components in COPD & asthma diagnostic and monitoring devices, cost analysis of COPD & asthma diagnostic and monitoring devices

The global COPD & asthma diagnostic and monitoring devices market report answers questions such as:

? What is the market size and forecast of the global COPD & asthma diagnostic and monitoring devices market?
? What are the inhibiting factors and impact of COVID-19 on the global COPD & asthma diagnostic and monitoring devices market during the assessment period?
? Which are the products/segments/applications/areas to invest in over the assessment period in the global COPD & asthma diagnostic and monitoring devices market?
? What is the competitive strategic window for opportunities in the global COPD & asthma diagnostic and monitoring devices market?
? What are the technology trends and regulatory frameworks in the global COPD & asthma diagnostic and monitoring devices market?
? What is the market share of the leading players in the global COPD & asthma diagnostic and monitoring devices market?
? What modes and strategic moves are considered favorable for entering the global COPD & asthma diagnostic and monitoring devices market?

Request Full Report- https://reportocean.com/industry-verticals/sample-request?report_id=ARS315

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean is the world's leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.

Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1888 212 3539 (US - TOLL FREE)
Website:https://reportocean.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release COPD & Asthma Diagnostic and Monitoring Devices Market Size To Reach New Heights By 2031 | Vyaire Medical, Smiths Medical, KONINKLIJKE PHILIPS N.V. here

News-ID: 3008116 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for COPD

Copd Drugs Market Size Analysis by Application, Type, and Region: Forecast to Co …
USA, New Jersey- According to Market Research Intellect, the global Copd Drugs market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. Because respiratory problems are becoming more common worldwide, especially among smokers and older populations, the market for COPD medications is expanding steadily. The need
Chronic Obstructive Pulmonary Disease (COPD) Treatment Market 2024-2030 Growth: …
Growth: Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Insights : For stakeholders, an optimistic view is shown by the thorough study of the worldwide "Chronic Obstructive Pulmonary Disease (COPD) Treatment market". The research provides specifics on the market's historical and present conditions as well as projected trends and size. Decision-makers may navigate the competitive environment and investment possibilities in the Chronic Obstructive Pulmonary Disease (COPD) Treatment market with the use of
Chronic Obstructive Pulmonary Disease (COPD) Therapeutics Market - Breathing Sol …
Newark, New Castle, USA - new report, titled Chronic Obstructive Pulmonary Disease (COPD) Therapeutics Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Chronic Obstructive Pulmonary Disease (COPD) Therapeutics market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Chronic Obstructive Pulmonary Disease
Asthma & COPD Drugs Market - Breathe Freely, Live Fully: Empowering Respiratory …
Newark, New Castle, USA - new report, titled Asthma & COPD Drugs Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Asthma & COPD Drugs market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Asthma & COPD Drugs market. The report offers
Copd CBD Gummies: Reviews (Shocking Facts) Copd CBD Oil "Ingredients" Pain Relie …
Copd CBD Gummies: With the increasing need for both individual and expert degrees, the stress and also stress are also enhancing. Individuals are using various methods to fight it. However, as a result of much less time for self, it is really hard. Here the natural herbs and supplements have actually discovered their way into our lives. The Copd CBD Oil are instances of super-effective natural supplements. The CBD existing
Power Harmonica to Cure Chronic Asthma & COPD
Power Harmonica is a free reed wind musical instrument. It is small rectangular shaped musical instrument. It has 48 number of holes which makes it special and different from other harmonica's. It's a pocket-friendly musical instrument. Power Harmonica is used as a natural treatment for many types of lung disorders and has no side effects. To play Power Harmonica there is no need of having a musical background it can be