Market Size of North America Respiratory Monitoring Industry
| 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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
