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Respiratory Monitoring Devices Global Market Report 2024 - By Size, Share, Demand, Growth, Outlook By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Respiratory Monitoring Devices industry. This report on Respiratory Monitoring Devices market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
Covidien LLC, GE Healthcare Inc., Philips Healthcare, ResMed Corp., Siemens Healthcare GmbH.
Market Drivers:
According to the Respiratory Monitoring Devices Market Report 2023 by The Business Research Company, 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.
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Market segments for Respiratory Monitoring Devices include:
• By Type: Capnographs, Gas Analyzers, Pulse Oximeters, Peak Flow Meters, Spirometers, Polysomnographs, Others Types
• By Application: Chronic Obstructive Pulmonary Disease (COPD), Infectious Diseases, Asthma, Other Applications
• By End-User: Laboratories, Hospitals, Home Use
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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