openPR Logo
Press release

Respiratory Monitoring Devices Market 2015

05-30-2017 01:28 AM CET | Health & Medicine

Press release from: Transparency Market Research

While a handful players have taken up a majority share in the global distribution of respiratory monitoring devices, the remainder of the market is marked by a very large number of small players.

Of the key multinationals dominating the distribution of respiratory monitoring devices in 2014, CareFusion Corporation, Smiths Medical, and ResMed, Inc., had garnered a total share of 54.2% in terms of value.

As described in a research report released by Transparency Market Research, the fragmented nature of the global respiratory monitoring devices market allows for a very high intensity of rivalry. This market is exceptionally dynamic as it is primarily controlled the rapid rate of technological development in the devices.

The market for respiratory monitoring devices in major economic regions is more or less saturated due to the strong presence of multiple prominent players. As a result, the threat of new entrants is expected to remain moderate to low.

The global market for respiratory monitoring devices is expected to expand at a CAGR of 8.2% in terms of revenue from 2015 to 2023. By the end of 2016, this revenue is expected to reach US$1.60 bn and US$2.79 bn by 2023.

View the report @

Hospitals not only form the leading end-user segment of respiratory monitoring devices, but are also projected to be the leading segment in terms of growth rate. Hospitals are expected to generate a revenue of US$1.89 bn for respiratory monitoring devices by 2023. This segment is projected at a CAGR of 8.3% from 2015 to 2023.

APAC Demand for Respiratory Monitoring Devices Soars

The healthcare and medical devices industries of Asia Pacific are currently experiencing a very high rate of development. The booming economy of countries such as China and India, the growing government support towards healthcare development, the high density of population in these countries, and the growing trend of medical tourism are all responsible for bringing out the greater demand for respiratory monitoring devices.

By the end of 2023, North America, the currently leading region in respiratory monitoring devices consumption, is expected to reach US$266.0 mn. Within 2015 to 2023, Asia Pacific will be showing a CAGR of 8.5% in respiratory monitoring devices.

Asthma, COPD Cases on the Rise Globally

“The primary cause for a heavier demand of respiratory monitoring devices is the growing requirement for keeping a large volume of these devices in the market. Most medical devices are produced on a basis of need and there is certainly a much greater need for respiratory monitoring devices than before. Public health related bodies such as the CDC, the American Academy of Allergy, Asthma, and Immunology, and the American Lung Association are all shedding light on the growing prevalence of patients with respiratory problems. This is true especially for COPD and asthma,” states a TMR analyst.

Two factors responsible for this are the growing number of geriatrics in the world along with the growing incorporation of negative lifestyle habits such as smoking.

The rate of technological advancement in respiratory monitoring devices is very high, thereby allowing players to keep a dynamic output. A large proportion of respiratory monitoring devices manufacturers is also supported by relevant governments, thereby allowing them to approach research and developed more efficiently.

High Costs Deter Large Patient Base from Using Respiratory Monitoring Devices

The cost of advanced spirometry devices is very high in comparison to peak flow meters and pulse oximeters. This disparity in costs is enough to deter a majority of patients to stick to the latter devices rather than go for advanced ones. Additionally, the installation of advanced respiratory monitoring devices requires skilled professionals, the lack of whom is further adding to the strain of providing them.

“There is currently a large untapped market for respiratory monitoring devices in the developing economies. Globally prominent players can take more notice of regions such as Asia Pacific and Latin America to make the most of their increasing demand,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Respiratory Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023.”

Get accurate market forecast and analysis on the Respiratory Monitoring Devices Market. Request a sample to stay abreast on the key trends impacting this market.

Key Takeaways:

Hospitals expected to generate US$1.80 bn for respiratory monitoring devices by 2023.
Pulse oximeter expected to remain most popular respiratory monitoring device, generating US$937 mn by 2023.
North America expected to retain leading consumption of respiratory monitoring devices till 2023, to generate US$266 mn in this market by 2023.
Key segments of the Global Respiratory Monitoring Devices Market

Global Respiratory Monitoring Devices Market, by Technology

Global Respiratory Monitoring Devices Market, by End-user

Home Use
Global Respiratory Monitoring Devices Market, by Geography

North America
Asia Pacific
Latin America
Middle East and Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

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 Respiratory Monitoring Devices Market 2015 here

News-ID: 555432 • Views: 452

More Releases from Transparency Market Research

Disposable Gloves Market Trends, and Forecast 2018 - 2026
People today are more aware and demanding on the hygiene front than they were ever before. And, this concern does not start and end at healthcare anymore, which was the largest consumer of hygiene and sanitation product in the last couple of decades. The residential sector and the beauty industry are also contributing to an increase in demand for such product such as disposable gloves market. Obtain Report Details @ Thus,
Coronavirus's Impact On Clinical Trial Packaging Market
The global clinical trial packaging market is expected to see a steady growth in the forthcoming years, according to a recent report by Transparency Market Research (TMR). The market scenario is exhibits intense competition and fragmentation at present. The top five enterprises collectively held less than 15% of the total market share in 2017. Vendors in the industry are being receptive to needs of large pharmaceuticals that are developing novel
Coronavirus's Impact On Automotive Sun Visor Market
Transparency Market Research has published a new report titled, “Automotive Sun Visor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global automotive sun visor market is anticipated to surpass US$ 10 Bn by 2026, expanding at a CAGR about to 3% during the forecast period. Obtain Report Details @ The sun visor is installed in a vehicle in order to
Engine Air Filter Market: Rise in Automotive Industry to Boost Global Engine Air …
A new report by Transparency Market Research (TMR) finds out that the business landscape in the global engine air filters market is highly fragmented and competitive, as it consists of international and regional players in a large number. These players primarily compete on the basis of pricing of their products and continuously strive to produce cost effective engine air filters in a bid to take on their competitors. Obtain Report Details

All 5 Releases

More Releases for Respiratory

Global Respiratory Protection Equipment Market Research Report
This report studies the global Respiratory Protection Equipment market status and forecast, categorizes the global Respiratory Protection Equipment market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report 3M Avon Protection Systems Bullard Group Honeywell International MSA Safety Alpha Pro Tech Ansell
Respiratory Inhalers Market - Global Industry Analysis 2025
Chronic respiratory diseases are the group of chronic diseases which affect airways, lungs and the other parts of respiratory system. Chronic respiratory disease include asthma and respiratory allergies, Chronic Obstructive Pulmonary Disease (COPD), Occupational Lung Diseases, Sleep Apnoea Syndrome and Pulmonary Hypertension. However 70% chronic respiratory disease are asthma and chronic obstructive pulmonary disease. In 2012, globally, 1 billion people are affected with chronic respiratory disease and account for 7%
Respiratory Monitoring Devices Industry Trends
Global Respiratory Monitoring Devices Market: Snapshot Factors at the forefront of driving the demand in the global respiratory monitoring devices market are the rising number of cigarette smokers and a worsening air quality on account of rampant pollution. Further, a burgeoning geriatric population highly susceptible to lung diseases has also pushed up the demand in the market. Countering its growth, however, are the steep prices of newer, sophisticated respiratory monitoring devices,
5th Global Respiratory and Pulmonologist Annual Meeting
Pulmonology » | Pulmonology Conference » | Respiratory Congress » | Pulmonologists Meeting » | COPD Conference » On behalf of the Conference Organizing Committee, it is with great pleasure that we welcome you to the official website of 5th Global Respiratory and Pulmonologist Annual Meeting during November 17-18, 2016 at Dubai, UAE. Conference Theme: Optimizing Research strategies & Neoteric developments in Pulmonary Disorders Respiratory disorders is a medical terminology which includes
Respiratory Distress in Premature Infants
FOR IMMEDIATE RELEASE New York, NY:Respiratory distress syndrome (RDS) is a breathing condition common in premature infants whose lungs have not fully developed yet. The earlier the birth in gestational time, the more prone the infant is to RDS and the more severe it is likely to be. Fully developed lungs are coated with a naturally occurring slippery substance called surfactant. Surfactant lines the air sacs in the lungs and reduces surface
Messer supports respiratory medicine
Certified full-service provider for artificial respiration Messer will be showcasing its extensive artificial respiration portfolio at this year’s Annual Congress of the European Respiratory Society (ERS) in Barcelona. As a certified full-service provider for this type of care, the company offers a comprehensive range of gases for use in clinics and other areas of health care under the Messer Medical brand. Gases are playing an increasingly important role in medicine. Messer