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Respiratory Monitoring Devices Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Respiratory Monitoring Devices
Respiratory Monitoring Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the recent years, an accelerated growth has been witnessed in the market size of respiratory monitoring devices. Its growth rate is anticipated to increase from $1.64 billion in 2024 to $1.81 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. The historical growth of this market is attributed to factors such as respiratory diseases, an aging population, technological advancements, and the integration of these devices in hospital and homecare environments.
Respiratory Monitoring Devices Market Size Forecast: What's the Projected Valuation by 2029?
The market size for respiratory monitoring devices is predicted to experience swift expansion in the coming years, reaching $2.67 billion by 2029 with a compound annual growth rate of 10.2%. The forecasted growth during this period can be linked to factors such as awareness of respiratory health, chronic diseases, remote patient supervision, and wearable technology. During this period, prominent trends will include remote monitoring and telehealth, connected devices and IoT, data analytics, artificial intelligence, mobile applications, and wearable devices.
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What Are the Drivers Transforming the Respiratory Monitoring Devices Market?
Anticipated growth in the respiratory monitoring devices market is likely to be influenced by the increasing prevalence of chronic respiratory diseases. Conditions such as asthma, bronchitis, pneumonia, and related illnesses caused by various bacterial and viral infections will spur the need for respiratory monitoring devices. For instance, The Australian Institute of Health and Welfare, a national agency in Australia, reported in June 2023 that nearly a third (30%) of Australians, equivalent to around 7.5 million people, were diagnosed with chronic respiratory diseases. Devices like spirometers and pulse oximeters are viewed as crucial tools for observing key respiratory parameters.
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Which Emerging Trends Are Transforming the Respiratory Monitoring Devices Market in 2025?
Businesses in the sector are intensifying their efforts to introduce intelligent respiratory monitoring equipment designed to diagnose and track certain respiratory conditions. These sophisticated devices are equipped with Bluetooth technology and can link to smartphones to constantly track critical respiratory factors. For example, in February 2022, Aptar Pharma, an American manufacturer of drug delivery systems, introduced HeroTracker® Sense. This innovative digital respiratory health tool transforms a conventional metered-dose inhaler into a smart connected health device. This device is beneficial for patients as it allows them to monitor their MDI usage and adhere to their prescribed dosages.
Which Segments in the Respiratory Monitoring Devices Market Offer the Most Profit Potential?
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 Firms Dominate the Respiratory Monitoring Devices Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Respiratory Monitoring Devices Market?
Asia-Pacific was the largest region in the respiratory monitoring devices market in 2024. 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
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