South America Respiratory Monitoring Market - Segmented by Type of Device, Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The South 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

Market Snapshot1
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 5.8 %

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Market Overview

The South America Respiratory Monitoring Market is expected to register a CAGR of 5.8% during the forecast period. The major factors driving the growth of the market include rise in the number of chronic obstructive pulmonary disease (COPD) cases, asthma, TB, etc. and high prevalence of tobacco smoking.

According to a cross-sectional study by Andrés L Echazarreta et al., published in Archivos de Bronconeumologia Journal 2018, estimated that more than 2.3 million Argentineans have chronic obstructive pulmonary disease (COPD), with high rates of underdiagnosis and diagnostic error.

In addition, according to the Organisation for Economic Co-operation and Development (OECD), in 2017, in Chile there were around 32.4 hospital discharges (per 100,0000 population) due to asthma, up from 29.5 ahospital discharges (per 100,0000 population) in 2016. This number has been constantly increasing since 2015, which is expected to boost the market growth. Therefore, the increasing prevalence of respiratory diseases has augmented the demand for early diagnosis, which is expected to increase the sales of respiratory monitoring devices in South America Region. Thus, all these factors are expected to drive the South America respiratory monitoring market.

Scope of the report

As per the scope of the report, respiratory monitoring devices help in monitoring various respiratory disorders. These devices 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. The South America Respiratory Monitoring Market is segmented by type of device and geography.

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Key Market Trends

Peak Flow Meters is Expected to Dominate the South America Respiratory Monitoring Market During the Forecast Period

Peak flow meters are the devices used to measure the rate of respiration. The factor that contributes to its high demand is its portable nature, which makes these devices easy to handle, easy to carry, and remotely accessible. According to the Ministry of Public Health of Argentina, in 2017, about 2.3 million people had chronic obstructive pulmonary disease (COPD), and it is estimated that 7% of these patients are admitted to hospital. Thus owing to their wide area of application, which ranges from diagnosing asthma to lung cancer, the demand for peak flow meters is extremely high across many countries in South America region that help in the growth of the market.

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Competitive Landscape

The South America Respiratory Monitoring Market is consolidated competitive. Various strategies and collaborations are being adopted by these key players to maintain their market share. Some of the key market players include Medtronic Plc (Covidien), Dragerwerk AG, Nihon Kohden Corporation, Koninklijke Philips N.V., Siemens Healthcare, Hamilton Medical and others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 High Prevalence of Tobacco Smoking

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Concerns

      2. 4.3.2 High Price of the 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 South America

        1. 5.2.1.1 Brazil

        2. 5.2.1.2 Argentina

        3. 5.2.1.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic Plc (Covidien)

      2. 6.1.2 Dragerwerk AG

      3. 6.1.3 Nihon Kohden Corporation

      4. 6.1.4 Siemens Healthcare

      5. 6.1.5 Hamilton Medical

      6. 6.1.6 Airsep Corporation

      7. 6.1.7 Maquet

      8. 6.1.8 Koninklijke Philips N.V.

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

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

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Frequently Asked Questions

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

The South America Respiratory Monitoring Market is growing at a CAGR of 5.8% over the next 5 years.

Medtronic Plc (Covidien), Dragerwerk AG, Siemens Healthcare, Koninklijke Philips N.V. , Nihon Kohden Corporation are the major companies operating in South America Respiratory Monitoring Market.

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