North America Respiratory Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The North America Respiratory Monitoring Market is Segmented by Type of Device (Spirometers, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnographs, and Other Types of Devices), and Geography.

Market Snapshot

North America Respiratory Monitoring Market-1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10.2 %

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Market Overview

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.

Scope of the Report

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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Key Market Trends

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.​
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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Number of Chronic Obstructive Pulmonary Disease Patients (COPD), Asthma, TB, etc.

      2. 4.2.2 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Concerns

      2. 4.3.2 High Price of Monitoring Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Spirometers

      2. 5.1.2 Peak Flow Meters

      3. 5.1.3 Sleep Test Devices

      4. 5.1.4 Gas Analyzers

      5. 5.1.5 Pulse Oximeters

      6. 5.1.6 Capnographs

      7. 5.1.7 Other Types of Devices

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AirSep Corporation

      2. 6.1.2 Draegerwerk

      3. 6.1.3 Fisher & Paykel

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Getinge AB

      6. 6.1.6 Hamilton Medical

      7. 6.1.7 Koninklijke Philips NV

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 ResMed

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The North America Respiratory Monitoring Market market is studied from 2018 - 2026.

The North America Respiratory Monitoring Market is growing at a CAGR of 10.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Getinge AB, ResMed, Koninklijke Philips NV, Medtronic PLC, Fisher & Paykel are the major companies operating in North America Respiratory Monitoring Market.

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