- Spirometers
- Peak Flow Meters
- Sleep Test Devices
- Gas Analysers
- Pulse Oximeters
- Capnographs
- Other Types of Devices
The Respiratory Monitoring Market size was valued at USD 8,289.1 million in 2023 and is poised to grow at a 6.5% CAGR from 2024 to 2030. Respiratory monitoring involves the continuous or intermittent observation of a patient's respiratory function using various devices. These monitoring tools are essential for diagnosing, managing, and treating respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. According to the World Health Organization, respiratory diseases accounted for 7% of global deaths in 2019, underscoring the critical need for effective monitoring solutions. The market's growth is primarily driven by the increasing prevalence of respiratory diseases, exacerbated by factors such as air pollution, smoking, and an aging population. The COVID-19 pandemic has further heightened awareness about respiratory health, leading to increased demand for monitoring devices. Technological advancements, such as the integration of artificial intelligence and cloud connectivity in monitoring devices, are enhancing the accuracy and accessibility of respiratory monitoring, thereby contributing to market expansion.
Moreover, the shift towards home healthcare and remote patient monitoring, accelerated by the pandemic, is expected to boost the adoption of portable and user-friendly respiratory monitoring devices. However, challenges like the high cost of advanced monitoring equipment and a shortage of trained healthcare professionals in some regions may impede market growth. The North American region held the largest market share in 2021 and is projected to maintain its dominance throughout the forecast period, primarily due to its advanced healthcare infrastructure and high healthcare expenditure.
In 2021, Philips achieved a significant milestone:
In 2020, Masimo introduced Radius T°, a new product with the following features:
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The rising incidence of chronic respiratory diseases is a key driver for the respiratory monitoring market. For instance, the global initiative for chronic obstructive lung disease reports that COPD affects approximately 10% of the worldwide population. Respiratory monitoring plays a crucial role in early detection, ongoing management, and prevention of exacerbations in such conditions. Technological innovations are significantly shaping the market landscape. Integrating IoT and AI in respiratory monitoring devices enables real-time data analysis and predictive healthcare, enhancing patient outcomes and reducing healthcare costs. For example, some newer sleep test devices can now provide preliminary diagnoses of sleep apnea, potentially reducing the need for costly in-lab sleep studies. However, issues related to data privacy and security, particularly with connected devices, pose challenges to market growth. Additionally, reimbursement policies for home-use devices vary across regions, potentially limiting adoption in some markets.
Respiratory Monitoring Market was valued at USD 8,289.1 million in 2023 and is expected to grow at a 6.5% CAGR from 2024 to 2030.
The Respiratory Monitoring Market is segmented based on Type of Device, End User, and Geography.
The leading players in the global Respiratory Monitoring Market are Airsep Corporation, Medtronic (Covidien), Draegerwerk, GE Healthcare, Hamilton Medical, Getinge Inc., Philips Healthcare, Resmed, Siemens Healthcare, Vyaire Medical, Inc., Nihon Kohden Corporation, Smiths Medical.
Historic years considered for the market study are 2019-2022, 2023 is considered as the base year for market estimation, and Seven years forecast is presented from 2024 – 2030.
1.Executive Summary |
2.Global Respiratory Monitoring Market Introduction |
2.1.Global Respiratory Monitoring Market - Taxonomy |
2.2.Global Respiratory Monitoring Market - Definitions |
2.2.1.Type of Device |
2.2.2.End User |
2.2.3.Region |
3.Global Respiratory Monitoring Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Respiratory Monitoring Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Respiratory Monitoring Market By Type of Device, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Spirometers |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Peak Flow Meters |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Sleep Test Devices |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Gas Analysers |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Pulse Oximeters |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Capnographs |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Other Types of Devices |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
6.Global Respiratory Monitoring Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Hospitals |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Diagnostic Centers |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Others |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Respiratory Monitoring Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Respiratory Monitoring Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Type of Device Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Spirometers |
8.1.2.Peak Flow Meters |
8.1.3.Sleep Test Devices |
8.1.4.Gas Analysers |
8.1.5.Pulse Oximeters |
8.1.6.Capnographs |
8.1.7.Other Types of Devices |
8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Hospitals |
8.2.2.Diagnostic Centers |
8.2.3.Others |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Respiratory Monitoring Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type of Device Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Spirometers |
9.1.2.Peak Flow Meters |
9.1.3.Sleep Test Devices |
9.1.4.Gas Analysers |
9.1.5.Pulse Oximeters |
9.1.6.Capnographs |
9.1.7.Other Types of Devices |
9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Hospitals |
9.2.2.Diagnostic Centers |
9.2.3.Others |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Respiratory Monitoring Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type of Device Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Spirometers |
10.1.2.Peak Flow Meters |
10.1.3.Sleep Test Devices |
10.1.4.Gas Analysers |
10.1.5.Pulse Oximeters |
10.1.6.Capnographs |
10.1.7.Other Types of Devices |
10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Hospitals |
10.2.2.Diagnostic Centers |
10.2.3.Others |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Respiratory Monitoring Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type of Device Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Spirometers |
11.1.2.Peak Flow Meters |
11.1.3.Sleep Test Devices |
11.1.4.Gas Analysers |
11.1.5.Pulse Oximeters |
11.1.6.Capnographs |
11.1.7.Other Types of Devices |
11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Hospitals |
11.2.2.Diagnostic Centers |
11.2.3.Others |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Respiratory Monitoring Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type of Device Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Spirometers |
12.1.2.Peak Flow Meters |
12.1.3.Sleep Test Devices |
12.1.4.Gas Analysers |
12.1.5.Pulse Oximeters |
12.1.6.Capnographs |
12.1.7.Other Types of Devices |
12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Hospitals |
12.2.2.Diagnostic Centers |
12.2.3.Others |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Airsep Corporation |
13.2.2.Medtronic (Covidien) |
13.2.3.Draegerwerk |
13.2.4.GE Healthcare |
13.2.5.Hamilton Medical |
13.2.6.Getinge Inc. |
13.2.7.Philips Healthcare |
13.2.8.Resmed |
13.2.9.Siemens Healthcare |
13.2.10.Vyaire Medical, Inc. |
13.2.11.Nihon Kohden Corporation |
13.2.12.Smiths Medical |
14. Research Methodology |
15. Appendix and Abbreviations |