Respiratory Measurement Devices Market

Respiratory Measurement Devices Market Overview

The global respiratory measurement devices market was valued at around US$ 7.9 Bn at the end of 2021. The market is projected to register a 5.1% CAGR and top a valuation of US$ 13.5 Bn by 2032.

“Increase in prevalence of sleep apnea, rise in geriatric population and increase in demand for non-invasive & painless tests is expected to uplift the respiratory measurement devices market growth.”

Respiratory monitoring aids in the detection of sleep disorders associated with a diurnal movement disorder. To obtain information on respiratory and sleeping habits polysomnography (PSG) is used. Spirometers and smart pulse oximeters are types of respiratory monitoring devices that assist in monitoring patients' respiratory conditions.

The treatment of patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory failure depends heavily on respiratory monitoring. Respiratory monitoring plays a crucial role in the management of these patients. It helps the medical professional to reach out concluding decision and choose the method of treatment for the patient.

What Are The Major Drivers Boosting The Demand For Respiratory Measurement Devices Market?

An increase in the prevalence of sleep apnea and respiratory diseases boosted the demand for respiratory monitoring devices. Furthermore, the rising geriatric population propelling the demand of the market. In older populations age causes a person's immune system to deteriorate.

Therefore, the risk of developing diseases in this age group increases due to the surge in the geriatric population. The risk of developing and contracting respiratory diseases increases with the age.

The market for respiratory monitoring devices is constantly developing new products that will be rising monitoring accuracy and enhancing patient comfort. R&D on novel systems by key manufacturers has been seen as a lucrative growth opportunity in the forecasted period.

The demand for novel products such as wearables, cordless devices, smartphones, and integrated devices, caused by the rapid advancement of technology is being accepted more quickly, propelling the market's expansion.

Which Region Shows Strong Growth Potential In The Respiratory Measurement Devices Market?

In comparison to other regions, North America has the greatest market for respiratory measurement device sales and makes the most contribution. Due to the existence of well-established key players that provide respiratory measurement devices and approval from the Food and Drug Administration (FDA) for the products.

Due to the increased emphasis on respiratory care management in the homecare settings, Europe is prsedicted to have the fastest-growing demand for respiratory measurement devices. Due to the region's increasingly ageing population, rising consumer awareness, and growing medical tourism in developing nations like China, South Asia is forecasting strong development for the respiratory monitoring devices market.

Sabyasachi Ghosh

Principal Consultant

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Who Are The Key Players In The Respiratory Measurement Devices Market?

Medtronic, Philips Healthcare, Smiths Medical, Drägerwerk AG & Co. KGaA, GE Healthcare, Welch Allyn, Inc., Masimo, MGC Diagnostics Corporation, Vyaire Medical, Inc., Nihon Kohden Corporation, Novelda AS, Welch Allyn, Inc., Masimo, Getinge Inc., Resmed, Siemens Healthcare.

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Key Segments Covered In The Respiratory Measurement Devices Industry Survey

By Product:

• Pulse Oximeters
• Capnographs
• Spirometers
• Polysomnographs (PSG)
• Peak Flow Meters
• Gas Analyzers
• Others

By Indication:

• Sleep Apnea
• COPD
• Asthma
• Infectious Disease

End User:

• Home Care
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa