Global Respiratory Monitoring Devices Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The respiratory monitoring devices market consists of sales of respiratory monitoring devices used to monitor respiration related parameters that aid the detection of acute or chronic respiratory disorders. The respiratory monitoring devices establishments are primarily engaged in the manufacturing of capnographs, gas analyzers, pulse oximeters, peak flow meters, spirometers, and polysomnography.

Global Respiratory Monitoring Devices Market Size And Drivers:

The global respiratory monitoring devices market is expected to decline from $1.86 billion in 2020 to $1.72 billion in 2021 at a compound annual growth rate (CAGR) of -7.5%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The respiratory monitoring devices market is expected to reach $2.32 billion in 2025 at a CAGR of 7.8%. Rising rate of chronic respiratory diseases is expected to drive the respiratory monitoring devices market in near future.

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Trends In The Global Respiratory Monitoring Devices Market

The companies in the market are increasingly launching smart respiratory monitoring devices to diagnose and monitor number of respiratory diseases. These smart respiratory monitoring devices are Bluetooth-enabled which can be connected to smartphones to continuously monitor the vital respiratory parameters. For instance, in November 2019, Lupin Limited, India-based pharmaceutical company, introduced Adhero, a new connected smart device for metered-dose medications. This first-of-its-kind technology is intended to help people with chronic respiratory illnesses monitor their use of MDI and to promote enhanced therapy adherence.

Global Respiratory Monitoring Devices Market Segments:
The global respiratory monitoring devices market is further segmented –
By Type: Capnographs, Gas Analyzers, Pulse Oximeters, Peak Flow Meters, Spirometers, Polysomnographs, Others
By End-User: Laboratories, Hospitals, Home Use
By Application: Chronic Obstructive Pulmonary Disease (COPD), Infectious Diseases, Asthma, Others
By Geography: The global respiratory monitoring devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Respiratory Monitoring Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides respiratory monitoring devices market overviews, analyzes and forecasts market size and growth for the global respiratory monitoring devices market, respiratory monitoring devices market share, respiratory monitoring devices market players, respiratory monitoring devices market segments and geographies, respiratory monitoring devices market’s leading competitors’ revenues, profiles and market shares. The respiratory monitoring devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.