DelveInsight’s Respiratory Monitoring Devices Market Insights Report 2030 provides the current and forecast market analysis, individual leading Respiratory Monitoring Devices companies’ market shares, challenges, Respiratory Monitoring Devices Market Drivers, barriers, trends, and key market Respiratory Monitoring Devices companies in the market.
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Key Takeaways from the Respiratory Monitoring Devices Market Report
- In February 2024, Masimo announced FDA clearance of MightySat® Medical, the first and only FDA-cleared medical fingertip pulse oximeter available Over-The-Counter directly to consumers without a prescription. Strategic significance: Expands consumer access to medical-grade pulse oximetry powered by Masimo SET® technology.
- In September 2023, Alveofit (Roundworks Technologies) received FDA approval for its portable digital spirometer, alveoair, which provides real-time insights and predictive analytics to healthcare professionals for respiratory care. Strategic significance: Expands access to AI-enabled respiratory diagnostics and remote patient monitoring.
- In November 2021, Cipla Limited launched Spirofy®, India’s first pneumotach-based portable, wireless spirometer, designed to revolutionize Obstructive Airway Disease diagnosis. Strategic significance: Strengthens Cipla’s position in respiratory diagnostics across India.
- The Respiratory Monitoring Devices market is estimated to grow at a CAGR of 5.73% during the forecast period from 2024 to 2030. Growth is anchored in the increasing prevalence of respiratory disorders, increasing risk factors associated with respiratory disorders, and the rising geriatric population prone to respiratory ailments.
- North America is expected to account for the highest proportion of the market in 2023 and to dominate during the forecast period.
- The principal drivers are the increasing prevalence of respiratory disorders such as asthma, lung cancer, pneumonia, and tuberculosis; the rising geriatric population prone to respiratory ailments; and ongoing product development activity among key market players.
- The leading Respiratory Monitoring Devices Companies include Koninklijke Philips NV, ResMed, Medtronic plc., GE Healthcare, Draegerwerk, Siemens Healthineers, Nihon Kohden Corporation, Vyaire Medical, Inc., Hamilton Medical, Getinge Inc., BD, Airsep Corporation, Smiths Medical, Masimo, and Fisher and Paykel Healthcare, among others.
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Respiratory Monitoring Devices Overview
Respiratory Monitoring Devices are medical instruments used to assess, track, and manage lung function and respiratory health across a range of conditions. The market spans wearable and non-wearable devices, including spirometers, pulse oximeters, capnographs, sleep tech devices, and others, supporting diagnosis, ongoing management, and treatment monitoring for patients with acute and chronic respiratory disorders.
Respiratory Monitoring Devices Market Key Growth Drivers
- According to the World Health Organization (2024), around 262 million people were suffering from asthma worldwide in 2019, and WHO cancer data (2022) recorded around 2.21 million cases of lung cancer globally in 2020.
- Rising cases of pneumonia continue to impact market growth, with the WHO (2021) reporting that pneumonia caused 14% of all deaths of children under 5 years old, killing 740,180 children in 2019.
- The WHO (2021) reported around 10 million people worldwide were suffering from tuberculosis in 2020, comprising 5.6 million cases in men, 3.3 million in women, and 1.1 million in children, indicating growing need for monitoring devices to enable timely treatment.
- The occurrence of other respiratory disorders such as pulmonary edema, pneumothorax, atelectasis, and asbestosis continues to drive demand for respiratory monitoring solutions worldwide.
- Ongoing product development activity is expanding market access, exemplified by Vyaire Medical’s March 2021 launch of the AioCare mobile spirometry system across more than 15 countries, enabling hospital-grade diagnostic accuracy with advanced digital connectivity for home monitoring.
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Respiratory Monitoring Devices Market Segment Analysis
The Respiratory Monitoring Devices Market by Wearability (Wearable and Non-Wearable), Product Type (Spirometers, Pulse Oximeters, Capnographs, Sleep Tech Devices, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
By Product Type: Spirometers are projected to hold a considerable market share in 2023, serving as a valuable tool for studying respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD), evaluating potential respiratory disorders, and testing lung function before surgery. Spirometers measure key parameters including Forced Expiratory Volume in one second (FEV1), Forced Vital Capacity (FVC), and the FEV1/FVC ratio.
By Geography: North America is expected to account for the highest proportion of the market in 2023 and to dominate during the forecast period, driven by a large patient pool suffering from respiratory disorders, product approvals, and sophisticated healthcare infrastructure. According to the CDC (2023), 24,963,874 people in the United States were suffering from asthma in 2021, including 4,675,475 children below age 18, while around 14.2 million adults were diagnosed with COPD in the same year.
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Respiratory Monitoring Devices Companies
Koninklijke Philips NV, ResMed, Medtronic plc., GE Healthcare, Draegerwerk, Siemens Healthineers, Nihon Kohden Corporation, Vyaire Medical, Inc., Hamilton Medical, Getinge Inc., BD, Airsep Corporation, Smiths Medical, Masimo, Fisher and Paykel Healthcare, and others.
Respiratory Monitoring Devices Market Restraints
Despite steady momentum, the Respiratory Monitoring Devices market faces material constraints. The high cost associated with respiratory monitoring devices and the stringent regulatory approval processes for these devices may act as restraining factors for overall market growth during the forecast period.
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Scope of the Respiratory Monitoring Devices Market Report
- Coverage- Global
- Forecast Period- 2024-2030
- Respiratory Monitoring Devices Companies- Koninklijke Philips NV, ResMed, Medtronic plc., GE Healthcare, Draegerwerk, Siemens Healthineers, Nihon Kohden Corporation, Vyaire Medical, Inc., Hamilton Medical, Getinge Inc., BD, Airsep Corporation, Smiths Medical, Masimo, Fisher and Paykel Healthcare, and others.
- Respiratory Monitoring Devices Market Restraints and Regulatory Analysis
- Respiratory Monitoring Devices Porter Five Forces Analysis and Market Assessment
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Table of Contents
- Respiratory Monitoring Devices Market Report Introduction
- Respiratory Monitoring Devices Market Executive Summary
- Competitive Landscape
- Regulatory Analysis
- Respiratory Monitoring Devices Market Key Factors Analysis
- Respiratory Monitoring Devices Market Porter’s Five Forces Analysis
- Respiratory Monitoring Devices Market Assessment
- Respiratory Monitoring Devices Market Company and Product Profiles
- KOL Views
- Project Approach
- About DelveInsight
- Disclaimer & Contact Us
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