The global respiratory monitoring devices market was valued at US$4.6 billion in 2022 and is projected to grow significantly, reaching approximately US$9.3 billion by 2031. The market is expected to exhibit a CAGR of 9.3% from 2024 to 2031.
Will the Respiratory Monitoring Devices market emerge as the sector’s next great thing? To discover the answer, look at the Respiratory Monitoring Devices market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the Machinery landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Respiratory Monitoring Devices market! (2031)
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Market Dynamics:
The increasing prevalence of respiratory diseases is a major factor driving market growth. For example, the Centers for Disease Control and Prevention reports that COPD affects around 200 million people globally and causes 3.2 million deaths annually, making it the third-leading cause of mortality worldwide.
Asthma, a prevalent noncommunicable disease, impacts 262 million people worldwide. Additionally, with an estimated 2.2 million new cases of lung cancer and 1.8 million deaths in 2022, lung cancer represents one in every four cancer-related deaths globally. Lower respiratory tract infections, such as pneumonia, also contribute significantly to mortality, with over 2.4 million deaths each year, particularly in low and middle-income countries (LMICs).
Segment Covered in the Respiratory Monitoring Devices Market:
By Product: Spirometer, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnography, Others
By End User: Hospitals, Ambulatory Surgery Centers, Homecare, Others
Major Key players involved in Respiratory Monitoring Devices Market
· GE Healthcare
· Smith & Nephew
· Vyaire (Carefusion Corporation)
· Masimo Corporation
· Medtronic plc
· MGC Diagnostics Corporation
· COSMED
· Nihon Kohden Corporation
· Philips Healthcare
· Novelda AS
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Regional Analysis:
The global Respiratory Monitoring Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global Respiratory Monitoring Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter’s five force analysis. The Respiratory Monitoring Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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