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Transforming the Respiratory Monitoring Devices Market in 2025: Rising Incidence Of Chronic Respiratory Diseases Drives The Respiratory Monitoring Devices Market
Respiratory Monitoring Devices Global Market Report 2025
The market size for respiratory monitoring devices has seen swift expansion in the recent past. The market's growth is projected to increase from $1.67 billion in 2024 to $1.87 billion in 2025, with a compound annual growth rate (CAGR) of 11.8%. A combination of factors such as the prevalence of respiratory ailments, an aging demographic, technological innovations, and applications in both hospitals and home care environments could explain the growth observed in the historic period.
The market for respiratory monitoring devices is projected to witness swift expansion in the coming years. By 2029, it is expected to flourish and reach a valuation of $2.78 billion, growing at a compound annual growth rate (CAGR) of 10.4%. The growth expected during this forecast period is likely owing to factors such as heightened awareness concerning respiratory health, chronic illnesses, remote patient monitoring, and wearable technology. The leading trends predicted for this period encompass remote monitoring and telehealth, interconnected devices and the Internet of Things, data analytics and artificial intelligence, as well as mobile applications and wearable devices.
What Factors Are Fueling Growth in the Respiratory Monitoring Devices Market?
The escalation in chronic respiratory diseases is anticipated to fuel the expansion of the respiratory monitoring devices market in the forthcoming years. Conditions such as asthma, bronchitis, pneumonia and others, emerging from various bacterial and viral infections can amplify the need for respiratory monitoring devices. For example, in June 2023, The Australian Institute of Health and Welfare, an Australian national agency, stated that nearly one third (30%) of Australians, amounting to 7.5 million people, were diagnosed with chronic respiratory diseases. Vital respiratory parameters can be tracked through respiratory monitoring devices like spirometers and pulse oximeters, which are seen as necessary equipment in this aspect.
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Which Leading Companies Are Shaping the Growth of the Respiratory Monitoring Devices Market?
Major companies operating in the respiratory monitoring devices market include Covidien LLC, GE Healthcare Inc., Philips Healthcare, ResMed Corp., Siemens Healthcare GmbH, Merck & Co. Inc., Calondo Pharmaceuticals Inc., Quark Pharmaceuticals Inc., Sirnaomics Inc., Traversa Therapeutics Inc., CareFusion Corporation, Smiths Medical ASD Inc., Masimo Corporation, COSMED S.r.l., IITC Life Science Inc., Micro Idea Instruments Co. Ltd., OES Medical Ltd., Pulmonx Corporation, RWD Life Science Co. Ltd., Scientific Respiratory Equipment Inc., AirSep Corporation, Medtronic plc, Drägerwerk AG & Co. KGaA, Hamilton Medical India Pvt. Ltd., Getinge AB, Respiratory Motion Inc., Genstar Technologies Co. Inc., Avery Biomedical Devices Inc., Dynarex Corporation, Quality Medical Group Ltd.
What Are the Major Trends Shaping the Respiratory Monitoring Devices Market?
There has been a notable uptick in the launch of smart respiratory monitoring devices by companies in the market, offering cutting-edge solutions for diagnosing and tracking various respiratory illnesses. These sophisticated devices are enabled by Bluetooth technology, and can pair with smartphones to monitor critical respiratory indicators continuously. For example, in February 2022, Aptar Pharma, a leading US drug delivery systems manufacturer, premiered their HeroTracker® Sense. This innovative digital solution for respiratory health effectively transforms a regular meter dose inhaler into an intelligent connected health apparatus. It enables patients to monitor their MDI usage and promotes adherence to their prescribed dosage.
What Are the Key Segments of the Respiratory Monitoring Devices Market?
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
Subsegments:
1) By Capnographs: Mainstream Capnographs, Sidestream Capnographs
2) By Gas Analyzers: Single Gas Analyzers, Multi-Gas Analyzers
3) By Pulse Oximeters: Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Wrist-Worn Pulse Oximeters, Tabletop Pulse Oximeters
4) By Peak Flow Meters: Disposable Peak Flow Meters, Digital Peak Flow Meters
5) By Spirometers: Desktop Spirometers, Handheld Spirometers, Tabletop Spirometers
6) By Polysomnographs: Portable Polysomnographs, Stationary Polysomnographs
7) By Other Types: Apnea Monitors, Home Sleep Testing Devices, Respiratory Gas Monitors
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Which Region Dominates the Respiratory Monitoring Devices Market?
Asia-Pacific was the largest region in the respiratory monitoring devices market in 2023. North America was the second-largest region in the respiratory monitoring devices market. The regions covered in the respiratory monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Respiratory Monitoring Devices Global Market Report?
- Market Size Analysis: Analyze the Respiratory Monitoring Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Respiratory Monitoring Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Respiratory Monitoring Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Respiratory Monitoring Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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