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Global Respiratory Monitoring Devices Market Projected to Grow at 10.4% CAGR, Reaching $2.77 Billion by 2029
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What Will the Respiratory Monitoring Devices Industry Market Size Be by 2025?_x000D_
In recent times, the market size of respiratory monitoring devices has experienced quick expansion. It is expected to rise from $1.67 billion in 2024 to $1.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.8%. Factors contributing to this growth during the historical period include respiratory illnesses, an aging population, technological progression, and the use of these devices in hospitals and homecare environments._x000D_
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What's the Long-Term Growth Forecast for the Respiratory Monitoring Devices Market Size Through 2029?_x000D_
The market size for respiratory monitoring devices is predicted to witness speedy growth in the upcoming years. This value is expected to escalate to $2.78 billion in 2029, with an annual compound growth rate (CAGR) of 10.4%. The significant increase in the forecast period is due to the rise in awareness of respiratory health, chronic illness, remote patient monitoring, and wearable technology. The future trends highlight remote monitoring and telehealth, coupled devices and IoT, data analytics and artificial intelligence, along with mobile apps and wearable devices._x000D_
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What Are the Key Growth Drivers Fueling the Respiratory Monitoring Devices Market Expansion?_x000D_
The swelling incidence of long-term respiratory illnesses is anticipated to propel the respiratory monitoring devices market's expansion in the imminent future. The rise in conditions like asthma, bronchitis, pneumonia, and others due to various bacterial and viral infections will enhance the need for respiratory monitoring equipment. For example, in June 2023, The Australian Institute of Health and Welfare, a national agency located in Australia, reported that nearly one-third (30%), or 7.5 million Australians, were diagnosed with chronic respiratory illnesses. Vital respiratory parameters are tracked using respiratory monitoring tools such as spirometers and pulse oximeters._x000D_
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What Are the Key Trends Driving Respiratory Monitoring Devices Market Growth?_x000D_
Market businesses are progressively introducing intelligent respiratory tracking tools to identify and supervise certain respiratory conditions. These cutting-edge devices are capable of Bluetooth connectivity and can link with smartphones for constant monitoring of critical respiratory parameters. For example, Aptar Pharma, a manufacturer of drug delivery systems based in the US, unveiled HeroTracker® Sense in February 2022. This innovative digital respiratory health solution transforms an ordinary meter dose inhaler into a sophisticated, connected healthcare device. It assists patients in keeping tabs on their MDI usage and aids in adhering to their recommended dosages._x000D_
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How Is the Respiratory Monitoring Devices Market Segmented?_x000D_
The respiratory monitoring devices market covered in this report is segmented - _x000D_
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1) By Type: Capnographs, Gas Analyzers, Pulse Oximeters, Peak Flow Meters, Spirometers, Polysomnographs, Others Types_x000D_
2) By Application: Chronic Obstructive Pulmonary Disease (COPD), Infectious Diseases, Asthma, Other Applications_x000D_
3) By End-User: Laboratories, Hospitals, Home Use_x000D_
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Subsegments:_x000D_
1) By Capnographs: Mainstream Capnographs, Sidestream Capnographs _x000D_
2) By Gas Analyzers: Single Gas Analyzers, Multi-Gas Analyzers _x000D_
3) By Pulse Oximeters: Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Wrist-Worn Pulse Oximeters, Tabletop Pulse Oximeters _x000D_
4) By Peak Flow Meters: Disposable Peak Flow Meters, Digital Peak Flow Meters _x000D_
5) By Spirometers: Desktop Spirometers, Handheld Spirometers, Tabletop Spirometers _x000D_
6) By Polysomnographs: Portable Polysomnographs, Stationary Polysomnographs _x000D_
7) By Other Types: Apnea Monitors, Home Sleep Testing Devices, Respiratory Gas Monitors _x000D_
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Which Companies Are Leading the Charge in Respiratory Monitoring Devices Market Innovation?_x000D_
Major companies operating in the respiratory monitoring devices market include Covidien LLC, GE Healthcare Inc., Philips Healthcare, ResMed Corp., Siemens Healthcare GmbH, Merck & Co. Inc., Calondo Pharmaceuticals Inc., Quark Pharmaceuticals Inc., Sirnaomics Inc., Traversa Therapeutics Inc., CareFusion Corporation, Smiths Medical ASD Inc., Masimo Corporation, COSMED S.r.l., IITC Life Science Inc., Micro Idea Instruments Co. Ltd., OES Medical Ltd., Pulmonx Corporation, RWD Life Science Co. Ltd., Scientific Respiratory Equipment Inc., AirSep Corporation, Medtronic plc, Drägerwerk AG & Co. KGaA, Hamilton Medical India Pvt. Ltd., Getinge AB, Respiratory Motion Inc., Genstar Technologies Co. Inc., Avery Biomedical Devices Inc., Dynarex Corporation, Quality Medical Group Ltd._x000D_
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Which Regions Are Leading the Global Respiratory Monitoring Devices Market in Revenue?_x000D_
Asia-Pacific was the largest region in the respiratory monitoring devices market in 2023. North America was the second-largest region in the respiratory monitoring devices market. The regions covered in the respiratory monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
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