North America Respiratory Monitoring Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.54 Billion |
| Market Size (2029) | USD 2.20 Billion |
| CAGR (2024 - 2029) | 7.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Respiratory Monitoring Market Analysis
The North America Respiratory Monitoring Market size is estimated at USD 1.54 billion in 2024, and is expected to reach USD 2.20 billion by 2029, growing at a CAGR of 7.56% during the forecast period (2024-2029).
The growth is attributed to respiratory diseases, such as respiratory infections, asthma, lung cancer, and COPDs, and the availability of well-established healthcare infrastructure.
- Chronic respiratory diseases are found to affect the airways and other parts of the lungs for a long period of time. Respiratory symptoms are among the major reasons of consultation with doctors and physicians in primary health care centers. Some of the major preventable chronic respiratory disorders are asthma, chronic obstructive pulmonary disease (COPD), allergic rhinitis, sleep apnea, and tuberculosis (principally, multi-drug resistant tuberculosis).
- In Canada, over 3.8 million individuals had asthma in 2019, as per 2019 annual asthma survey report. Due to the high incidence of asthma in Canada, the demand of respiratory monitoring devices expected to rise over the forecast period.
- According to data by the Centers for Disease Control and Prevention (CDC), cigarette smoking is the leading cause of death in the United States. Tobacco consumption kills more than 4,80,000 Americans each year, with more than 41,000 of these deaths due to exposure to secondhand smoke.
- In addition, smoking-related illness in the United States accounts for more than USD 300 billion a year, including nearly USD 170 billion in direct medical care for adults and USD 156 billion in lost productivity. A large number of the teenager's group has also been found to be affected by tobacco smoking.
North America Respiratory Monitoring Market Trends
This section covers the major market trends shaping the North America Respiratory Monitoring Market according to our research experts:
Spirometers Projected to Register Significant Growth
- Spirometer is a medical device, which is used to measure the proper functioning of lungs, where the volume of air inhaled and exhaled from the lungs is measured after maximum inhalation by the patient.
- Spirometer helps in the identification of different respiratory diseases, such as bronchitis, chronic lung diseases that are obstructive, emphysema, asthma, and other breathing diseases, for screening in an occupational environment.
- The factors such as technological advancements in the spirometers, growing preference of home healthcare and recent product launches are expected to bolster the spirometers segment over the forecast period.
- Also market players are focusing on the development and launch of new spirometers in the market. For instance, in April 2018, NuvoAir launched Air Next, which is most advanced home-use spirometers.
- Another market player Henry Schein Medical, in June 2018 announced the availability of the Henry Schein EasyOne Air spirometer, a new all-in-one solution in lung function testing that can potentially improve recognition and diagnosis of COPD.
North America Respiratory Monitoring Industry Overview
During 2018, Henry Schein Medical launched Henry Schein EasyOne Air spirometer, a new all-in-one solution that potentially improves the recognition and diagnosis of Chronic Obstructive Pulmonary Disease (COPD). The industry players are focusing on the introduction of devices with increased portability, connectivity, and capabilities, such as electronic medical record integration. Key market players include Airsep Corporation, Draegerwerk, Fisher & Paykel, GE Healthcare, Getinge AB, Hamilton Medical, Koninklijke Philips NV, Medtronic PLC, and ResMed, among others.
North America Respiratory Monitoring Market Leaders
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Getinge AB
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ResMed
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Koninklijke Philips NV
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Medtronic PLC
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Fisher & Paykel
*Disclaimer: Major Players sorted in no particular order
North America Respiratory Monitoring Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rise in the Number of Chronic Obstructive Pulmonary Disease Patients (COPD), Asthma, TB, etc.
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4.2.2 Technological Advancements
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4.3 Market Restraints
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4.3.1 Reimbursement Concerns
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4.3.2 High Price of Monitoring Devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Device
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5.1.1 Spirometers
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5.1.2 Peak Flow Meters
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5.1.3 Sleep Test Devices
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5.1.4 Gas Analyzers
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5.1.5 Pulse Oximeters
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5.1.6 Capnographs
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5.1.7 Other Types of Devices
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 AirSep Corporation
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6.1.2 Draegerwerk
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6.1.3 Fisher & Paykel
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6.1.4 GE Healthcare
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6.1.5 Getinge AB
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6.1.6 Hamilton Medical
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6.1.7 Koninklijke Philips NV
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6.1.8 Medtronic PLC
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6.1.9 ResMed
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Respiratory Monitoring Industry Segmentation
Respiratory monitoring devices help in monitoring various respiratory disorders. These devices are used to diagnose acute or chronic respiratory disorders by determining the respiratory capabilities of the lungs. A number of respiratory tests are being designed to observe the efficiency of the lungs in exchanging respiratory gases and identify obstructions in the respiratory tract.
| By Type of Device | |
| Spirometers | |
| Peak Flow Meters | |
| Sleep Test Devices | |
| Gas Analyzers | |
| Pulse Oximeters | |
| Capnographs | |
| Other Types of Devices |
| Geography | |||||
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North America Respiratory Monitoring Market Research FAQs
How big is the North America Respiratory Monitoring Market?
The North America Respiratory Monitoring Market size is expected to reach USD 1.54 billion in 2024 and grow at a CAGR of 7.56% to reach USD 2.20 billion by 2029.
What is the current North America Respiratory Monitoring Market size?
In 2024, the North America Respiratory Monitoring Market size is expected to reach USD 1.54 billion.
Who are the key players in North America Respiratory Monitoring Market?
Getinge AB, ResMed, Koninklijke Philips NV, Medtronic PLC and Fisher & Paykel are the major companies operating in the North America Respiratory Monitoring Market.
Which is the fastest growing region in North America Respiratory Monitoring Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in North America Respiratory Monitoring Market?
In 2024, the North America accounts for the largest market share in North America Respiratory Monitoring Market.
What years does this North America Respiratory Monitoring Market cover, and what was the market size in 2023?
In 2023, the North America Respiratory Monitoring Market size was estimated at USD 1.43 billion. The report covers the North America Respiratory Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Respiratory Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Respiratory Monitoring Industry Report
Statistics for the 2024 North America Respiratory Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Respiratory Monitoring analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
