The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s respiratory monitoring devices market report forecasts the respiratory monitoring devices market size to grow to $2.04 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Respiratory Monitoring Devices Market Size Forecast
The global respiratory monitoring devices market is expected to grow from $1.32 billion in 2022 to $1.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global respiratory monitoring devices market size is expected to grow to $2.04 billion in 2027 at a CAGR of 8.7%.

Asia-Pacific held the largest respiratory monitoring devices market share.

Key Respiratory Monitoring Devices Market Driver ­– Rise In Rate Of Chronic Respiratory Diseases
For example, in according to the National health survey 2021, 4.6% of adults agreed of ever been diagnosed with COPD, emphysema, and chronic bronchitis. Furthermore, according to the national vital statistics system, in 2020, COPD caused 152,657 deaths in the US and bronchitis caused 457 deaths in 2020. The respiratory monitoring devices such as spirometers and pulse oximeters act as essential devices to monitor vital respiratory parameters.

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Key Respiratory Monitoring Devices Market Trend – Launching Smart Respiratory Monitoring Devices
The companies in the market are increasingly launching smart respiratory monitoring devices to diagnose and monitor some respiratory diseases. These smart respiratory monitoring devices are Bluetooth-enabled and can be connected to smartphones to continuously monitor vital respiratory parameters. For instance, in February 2022, Aptar Pharma, a US-based manufacturer of drug delivery systems, launched HeroTracker® Sense. The new offering is a novel digital respiratory health solution that converts a standard meter dose inhaler into a smart connected healthcare device. It is useful for patients to track their MDI usage and help them stick to their prescribed doses.

Respiratory Monitoring Devices Market Segment
1) By Type: Capnographs, Gas Analyzers, Pulse Oximeters, Peak Flow Meters, Spirometers, Polysomnographs, Others Types
2) By End-User: Laboratories, Hospitals, Home Use
3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Infectious Diseases, Asthma, Other Applications

Respiratory Monitoring Devices Market Major Players and Strategies
Major players in the respiratory monitoring devices market are COVIDien, GE Healthcare, Philips Healthcare, ResMed, Siemens Healthcare, Merck & Co., Calando Pharmaceuticals, Quark Pharmaceuticals, Sirnaomics Inc., and Traversa Therapeutics.

In June 2022, Senzime AB, a US-based manufacturer of patient monitoring systems, acquired Respiratory Motion for an initial cash payment of $19 million. The acquisition will help Senzime to expand its product portfolio in monitoring devices market and extend company’s capabilities. Respiratory motion is a US-based respiratory medical device manufacturer.

The Respiratory Monitoring Devices Global Market Report 2023 covers regional data on respiratory monitoring devices market size, respiratory monitoring devices market trends and drivers, opportunities, strategies, and respiratory monitoring devices market competitor analysis. The countries covered in the respiratory monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Respiratory monitoring devices are used to assess the patient’s respiratory organs and include patches that are placed on the body to measure respiration and heart rates.

View More Reports Related To The Respiratory Monitoring Devices Market –
Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2023
Respiratory Devices And Equipment (Diagnostic) Global Market Report 2023
Respiratory Devices And Equipment (Therapeutic) Global Market Report 2023

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