Respiratory Measurement Devices Market

Respiratory Measurement Devices Market Overview

The respiratory measurement devices market is anticipated to record a CAGR of 7.2% during the forecast period 2022-2032.

Sales of respiratory measurement devices is expected to rise as they greatly help in the early detection of symptoms in the patients to improve quality of care.

Respiratory measurement devices used in the diseases such as COPD, asthma, bronchitis, etc. which are becoming pervasive in recent times. Hence, the same can be attributed to the rise in demand for respiratory measurement devices.

Some of the key respiratory measurement devices market trends promoting the demand for respiratory measurement devices include growing number of patients with respiratory disorders and technological advancements.

Surging demand for respiratory measurement devices can also be credited to the wireless monitoring systems which improve device efficiency and support automated remediation procedures.

As a result of such innovations, the various breathing parameters can be improved, evoking significant relief for the patients thereby increasing the sales of respiratory measurement devices.

In the respiratory measurement devices market, healthcare companies are now concentrating on developing PSG sensors that provide information to healthcare providers, in turn expanding their respiratory measurement devices market share.

Demand for respiratory measurement devices is expected to peak due to the PSG's implementation in the healthcare industry in tandem with signal analysis and machine learning.

Peak flow meters and pulse oximeters are two respiratory measurement devices that are driving sales of respiratory measurement devices due to rising patient demand for respiratory measurement devices (Peak flow meter & pulse oximeter).

Sales of respiratory measurement devices go up as manufacturers have been concentrating on developing new products for specific applications as the demand for respiratory measurement devices varies depending on the application.

Leading players in the respiratory measurement devices market have identified how improved accuracy can have a significant impact on a variety of applications, in turn enlarging their respiratory measurement devices market share.

Sales of respiratory measurement devices spike as major market players are expanding their automated nucleic acid isolation and purification solutions, allowing for a faster, cleaner, and more consistent nucleic acid extraction process.

What are the Key Dynamics in the Respiratory Measurement Devices Market?

Presently, demand for respiratory measurement devices is driven by rising incidence of respiratory disorders, technological advancement such as low perfusion and motion tolerance in pulse oximeter.

Growing patient awareness about various respiratory diseases and the rise in demand for better healthcare services are also major contributors to the sales of respiratory measurement devices.

Increasing government expenditure is also acts as a catalyst to the sales of respiratory measurement devices.

The demand for respiratory measurement devices is primarily fuelled by factors such as rising healthcare spending, the availability of low-cost respiratory measurement devices.

However, critical regulatory compliance procedures inhibit the growth of the respiratory measurement devices market resulting in less demand for respiratory measurement devices.

The high cost of COPD treatment is also expected to limit the sales of respiratory measurement devices and in turn, respiratory measurement devices market growth.

How is the Region-wise Outlook of the Respiratory Measurement Devices Market?

The global respiratory measurement devices market is expected to register a healthy CAGR for the forecast period resulting in higher sales of respiratory measurement devices.

By geographic regions, the global respiratory measurement devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, the Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America dominates holds the largest respiratory measurement devices market share due to technological advancement and increasing incidence of respiratory cases.

Increasing per capita healthcare expenditures, a lower unemployment rate, and an increase in the number of smokers are also accelerating the sales of respiratory measurement devices.

Europe, on the other hand, is expected to hold the second largest respiratory measurement devices market share due to increased public awareness of advanced therapies which also spikes the demand for respiratory measurement devices.

Asia-Pacific is the fastest emerging in the global respiratory measurement devices market owing to rise in the number of patients with respiratory diseases.

Sabyasachi Ghosh

Principal Consultant

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Who are the Key Players in the Respiratory Measurement Devices Market?

Some of the key market players in the global respiratory measurement devices market are GE Healthcare, Philips Respironics, Inc, Draegerwerk AG & Co. KGaA, Covidien, Cardinal Health, Inc., Masimo Corporation, CareFusion Corporation, Smiths Medicaland MAQUET GmbH & Co. KG.

Key players are adopting various strategies such as mergers & acquisitions, collaborations, partnerships and product launches to consolidate their position in the market by augmenting their respiratory measurement devices market share.

A few of such recent developments in the respiratory measurement devices market are:

• Phillips N.V. has introduced new devices such as the "non-invasive high-frequency chest wall oscillation" (HFCWO), which redefine non-invasive secretion clearance and can be used in hospitals and at home to help patients live longer lives.
• NellcorTM is a new system introduced by Medtronic (PM1000N). This system makes patient status related to oxygenation and respiration simple to use and access.

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