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North America Respiratory Monitoring Market Size (2024 - 2029)

The North America Respiratory Monitoring Market is projected to experience significant growth over the forecast period, driven by the increasing prevalence of respiratory diseases such as asthma, COPD, and lung cancer. The market's expansion is supported by the region's well-established healthcare infrastructure, which facilitates the adoption of respiratory monitoring devices. Factors such as the high incidence of asthma in Canada and the impact of smoking-related illnesses in the United States further contribute to the rising demand for these devices.

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Market Size of North America Respiratory Monitoring Industry

North America Respiratory Monitoring Market-1
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

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*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 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
North America
United States
Canada
Mexico
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North America Respiratory Monitoring Market Size Summary

The North America Respiratory Monitoring Market is poised for significant growth, driven by the increasing prevalence of respiratory diseases such as asthma, COPD, and lung cancer, alongside a robust healthcare infrastructure. The market is characterized by a rising demand for advanced respiratory monitoring devices, including spirometers, which are essential for diagnosing and managing chronic respiratory conditions. The high incidence of asthma in Canada and the impact of smoking-related illnesses in the United States further underscore the need for effective respiratory monitoring solutions. Technological advancements and a growing preference for home healthcare are expected to enhance the market's expansion, with key players focusing on innovative product launches and improvements in device capabilities.

The market landscape is marked by the introduction of advanced spirometers and other monitoring devices that offer increased portability, connectivity, and integration with electronic medical records. Companies such as NuvoAir and Henry Schein Medical have been at the forefront, launching products that improve the recognition and diagnosis of respiratory conditions like COPD. The competitive environment is shaped by major industry players, including Airsep Corporation, Draegerwerk, Fisher & Paykel, GE Healthcare, Getinge AB, Hamilton Medical, Koninklijke Philips NV, Medtronic PLC, and ResMed, who are actively developing and launching new technologies to meet the growing demand for respiratory monitoring solutions in North America.

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North America Respiratory Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise in the Number of Chronic Obstructive Pulmonary Disease Patients (COPD), Asthma, TB, etc.

      2. 1.2.2 Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Reimbursement Concerns

      2. 1.3.2 High Price of Monitoring Devices

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of Device

      1. 2.1.1 Spirometers

      2. 2.1.2 Peak Flow Meters

      3. 2.1.3 Sleep Test Devices

      4. 2.1.4 Gas Analyzers

      5. 2.1.5 Pulse Oximeters

      6. 2.1.6 Capnographs

      7. 2.1.7 Other Types of Devices

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

North America Respiratory Monitoring Market Size FAQs

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.

In 2024, the North America Respiratory Monitoring Market size is expected to reach USD 1.54 billion.

North America Respiratory Monitoring Market Report Snapshots

North America Respiratory Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)