North America Respiratory Monitoring Market - Growth, Trends, and Forecast (2019 - 2024)
The North American respiratory monitoring market is expected to grow with a healthy CAGR of nearly 10.2% during the forecast period, 2019-2024.
The respiratory diseases, such as respiratory infections, asthma, lung cancer, and COPDs, are increasing at an alarming rate in both developed and developing countries, which is driving the respiratory monitoring market.
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).
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.
Key Market Trends
Peak Flow Meter Segment is Expected to Register Robust Growth
Peak flow meters are the devices used to measure the rate of respiration. They are portable devices that are used to measure the air flow from the lungs and the person’s ability to pump the air. A peak flow meter is an inexpensive, portable, handheld device, which is used to measure the peak flow of air moving out of the lungs. Another factor that contributes to its high demand is its portable nature, which makes these devices easy to handle, easy to carry, and remotely accessible. 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 North America, thereby helping in the growth of the market.
Recently in 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.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
Report customization as per the client's requirements
3 months of analyst support
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook