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Published Date: 2016-04-20Number of Pages: 93

Respiratory Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Global Respiratory Monitoring Devices Market: Snapshot

The CDC in 2012 had already stated that North America leads the world in the number of COPD and asthma cases. Europe showed the topmost prevalence of cystic fibrosis. Emerging economies are also showing a growing prevalence of patients suffering from respiratory illnesses. The number of people smoking has gone up over the recent past. Additionally, the quality of air has deteriorated due to the presence of a large volume of pollutants. These factors are collectively the leading cause for the growing demand for respiratory monitoring devices in all parts of the world.

The number of patients with respiratory problems increases even further due to the significantly growing population of the elderly. This demographic is highly prone to diseases of the lungs and thus forms a key factor pushing for the faster manufacturing of respiratory monitoring devices.

There is, however, the restraint of cost that is holding back the use of newer respiratory monitoring devices. Most of the advanced respiratory monitoring devices especially in spirometers, cost way more than peak flow meters or even pulse oximeters. As a result, patients are opting for the latter, thus creating a very low adoption rate of modern technologies.

The global market for respiratory monitoring devices is expected to reach US$1.60 bn by the end of 2016 and US$2.79 bn by the end of 2023.  This revenue is projected at a CAGR of 8.2% from 2015 to 2023.

North America Lead in Respiratory Monitoring Devices Consumption to Continue

By the end of 2023, 36.2% of the total value of respiratory monitoring devices globally is expected to be taken up by North America. This region hosts an exceptionally high number of patients suffering from COPD and asthma. Governments are holding a higher number of awareness drives across the region to properly assess the threat of respiratory illnesses. Europe follows North America in terms of patient numbers for respiratory diseases and demand for respiratory monitoring devices.

On the other side, Asia Pacific is showing a very high growth in the demand for respiratory monitoring devices, owing to the rapid developments in its healthcare industry and the increasing outreach of medical programs revealing a higher number of patients with respiratory illnesses. 

Hospitals Remain Top End-users of Respiratory Monitoring Devices

By the end of 2023, nearly US$1.80 bn in revenue is expected to be generated for respiratory monitoring device manufacturers through hospitals. This end-user segment is additionally showing a high growth rate in its demand for respiratory monitoring devices, owing to the growing number of incoming patients for the treatment of various respiratory illnesses. A large number of hospitals in developed countries are equipped with advanced respiratory monitoring devices due to their optimized use for modern strains of respiratory diseases.

Although the problem of lack of skilled labor and high device costs is affecting all end-user segments of respiratory monitoring devices, it affects hospitals at a lesser intensity, thereby allowing it to grow at a relatively higher pace than laboratories and home use.

The key providers of respiratory monitoring devices from a global perspective include CareFusion Corporation, Smiths Medical, ResMed, Inc., and Masimo Corporation.

Table of Content

1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Methodology

2. Executive Summary
2.1. Global Respiratory Monitoring Devices Market, Estimates and Forecast, By Revenue, 2013–2023 (US$ Mn)
2.2. Global Respiratory Monitoring Devices Market, by Product, 2014 (US$ Mn)
2.3. Global Respiratory Monitoring Devices Market, by End User, 2014 (US$ Mn)
2.4. Global Market Share by Geography, 2014 and 2023 (Value %)
2.5. Respiratory Monitoring Devices Market Snapshot

3. Respiratory Monitoring Devices Market – Industry Analysis
3.1. Introduction
3.2. Drivers
      3.2.1. Increasing prevalence of respiratory diseases
      3.2.2. Growing geriatric population propels uptake of respiratory disease monitoring products
      3.2.3. Technological advancements boost demand for respiratory monitoring devices
3.3. Restraints
      3.3.1. Low adoption rate of expensive respiratory devices
3.4. Opportunities
      3.4.1. Capitalizing on the potential presented by various emerging markets
3.5. Porter’s Five Forces Analysis
3.6. Prevalence of Asthma & COPD
3.7. Annual Cost Estimation (Per Patient) 
3.8. Average Pricing Analysis
3.9. Number of Pulmonologists & Pulmonary Clinics, United States, 2013
3.10. Reimbursement Scenario 
3.11. Division of Chronic Respiratory Diseases by Age Groups, US, 2014
3.12. Upcoming Technology for Pulmonary Function Tests
3.13. Company Market Share - Respiratory Monitoring Devices Market (%) (2014)
3.14. Company Market Share - Respiratory Monitoring Devices Market (%) (2014)

4. Market Segmentation – By Product
4.1. Introduction
4.2. Global Spirometer Market Revenue, (US$ Mn), 2013–2023
4.3. Global Peak Flow Meter Market Revenue, (US$ Mn), 2013–2023
4.4. Global Pulse Oximeter Market Revenue, (US$ Mn), 2013–2023
4.5. Global Capnographs Market Revenue, (US$ Mn), 2013–2023

5. Market Segmentation – By End User 
5.1. Introduction
5.2. Global Hospitals Market Revenue, (US$ Mn), 2013–2023
5.3. Global Laboratories Market Revenue, (US$ Mn), 2013–2023
5.4. Global Home Use Market Revenue, (US$ Mn), 2013–2023

6. Market Segmentation - Regional Analysis
6.1. Global Respiratory Monitoring Devices Market: Regional Overview
6.2. North America Respiratory Monitoring Devices Market Overview
      6.2.1. US Respiratory Monitoring Devices Market Overview
      6.2.2. Canada Respiratory Monitoring Devices Market Overview
6.3. Europe Respiratory Monitoring Devices Market Overview
      6.3.1. Germany Respiratory Monitoring Devices Market Overview
      6.3.2. UK Respiratory Monitoring Devices Market Overview
      6.3.3. Rest of Europe Respiratory Monitoring Devices Market Overview
6.4. Asia Pacific Respiratory Monitoring Devices Market Overview
      6.4.1. Japan Respiratory Monitoring Devices Market Overview
      6.4.2. Australia Respiratory Monitoring Devices Market Overview
      6.4.3. Rest of Asia Pacific Respiratory Monitoring Devices Market Overview
6.5. Latin America Respiratory Monitoring Devices Market Overview
      6.5.1. Brazil Respiratory Monitoring Devices Market Overview
      6.5.2. Mexico Respiratory Monitoring Devices Market Overview
      6.5.3. Rest of Latin America Respiratory Monitoring Devices Market Overview
6.6. Middle East and Africa Respiratory Monitoring Devices Market Overview
      6.6.1. Saudi Arabia Respiratory Monitoring Devices Market Overview
      6.6.2. South Africa Respiratory Monitoring Devices Market Overview
      6.6.3. Rest of Middle East and Africa Respiratory Monitoring Devices Market Overview

7. Recommendations

8. Company Profiles
8.1. CareFusion Corporation
8.2. COSMED
8.3. GE Healthcare
8.4. Masimo Corporation
8.5. Medtronic plc
8.6. MGC Diagnostics Corporation
8.7. ndd Medical Technologies, Inc. 
8.8. Nihon Kohden Corporation
8.9. Philips Healthcare
8.10. Smiths Medical

List of Figures

FIG. 1 Market Segmentation
FIG. 2 Global Respiratory Monitoring Devices Market, Estimates and Forecast, By Revenue, (US$ Mn), 2013–2023
FIG. 3 Global Respiratory Monitoring Devices Market, by Product, (US$ Mn), 2014
FIG. 4 Global Respiratory Monitoring Devices Market, by End User, (US$ Mn), 2014
FIG. 5 Global Respiratory Monitoring Devices Market, by Geography, 2014 and 2023 (Value %)
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 Company Market Share - Respiratory Monitoring Devices Market (%) (2014)
FIG. 8 Market Attractiveness Analysis - Respiratory Monitoring Devices Market
FIG. 9 Global Spirometer Market Revenue, (US$ Mn), 2013–2023
FIG. 10 Global Peak Flow Meter Market Revenue, (US$ Mn), 2013–2023
FIG. 11 Global Pulse Oximeter Market Revenue, (US$ Mn), 2013–2023
FIG. 12 Global Capnographs Market Revenue, (US$ Mn), 2013–2023
FIG. 13 Global Hospitals Market Revenue, (US$ Mn), 2013–2023
FIG. 14 Global Laboratories Market Revenue, (US$ Mn), 2013–2023
FIG. 15 Global Home Use Market Revenue, (US$ Mn), 2013–2023
FIG. 16 North America Respiratory Monitoring Devices Market, (US$ Mn), 2013–2023
FIG. 17 U.S. Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 18 Canada Respiratory Monitoring Devices  Market Revenue, (US$ Mn), 2013–2023
FIG. 19 Europe Respiratory Monitoring Devices Market, (US$ Mn), 2013–2023
FIG. 20 Germany Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 21 U.K. Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 22 Rest of Europe Respiratory Monitoring Devices Market Revenue, (US$ Mn) , 2013–2023
FIG. 23 Asia Pacific Respiratory Monitoring Devices Market, (US$ Mn), 2013–2023
FIG. 24 Japan Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 25 Australia Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 26 Rest of Asia Pacific Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 27 Latin America Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 28 Brazil Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 29 Mexico Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 30 Rest of Latin America Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 31 Middle East & Africa Respiratory Monitoring Devices Market, (US$ Mn), 2013–2023
FIG. 32 Saudi Arabia Respiratory Monitoring Devices  Market Revenue, (US$ Mn), 2013–2023
FIG. 33 South Africa Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 34 Rest of MEA Respiratory Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
FIG. 35 CareFusion Corporation, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 36 GE Healthcare, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 37 Masimo Corporation, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 38 Medtronic plc, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 39 Nihon Kohden Corporation, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 40 Philips Healthcare, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 41 Medtronic plc, Annual Revenue, 2012–2014 (US$ Mn)
FIG. 42 Smiths Medical, Annual Revenue, 2012–2014 (US$ Mn)

List of Tables

TABLE 1 Respiratory Monitoring Devices Market Snapshot
TABLE 2 Prevalence of Asthma & COPD
TABLE 3 Annual Cost Estimation (Per Patient) 
TABLE 4 Average Pricing Analysis
TABLE 5 Reimbursement Scenario 
TABLE 6 Division of Asthma by Age Groups, US, 2014
TABLE 7 Global Respiratory Monitoring Devices, Market Estimates and Forecast, by Product, (US$ Mn), 2013–2023
TABLE 8 Global Respiratory Monitoring Devices, Market Estimates and Forecast, by End-user, (US$ Mn), 2013–2023

This report on the respiratory monitoring devices market studies the current and future prospects of the market globally. Growing incidences of respiratory diseases such as asthma, lung cancer, COPDs, in addition to increasing geriatric population, and rising number of medical devices companies is expected to accentuate the growth of respiratory monitoring devices market. The respiratory monitoring devices market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the respiratory monitoring devices market with respect to market segments based on product, end user and their geographic analysis.

Based on product, the global respiratory monitoring devices market has been segmented into four major categories: spirometer, peak flow meter, pulse oximeter, and capnographs. Likewise, on the basis of end user, the global respiratory monitoring devices market has been segmented into hospitals, laboratories, and home use. The market segments have been extensively analyzed based on usefulness, adoption, efficacy, revenue, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The global respiratory monitoring devices market report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2014 as the base year. A brief annual cost estimation, prevalence of asthma and COPD, average pricing analysis, reimbursement scenario have also been discussed in the global respiratory monitoring devices market report.

Geographically, the global respiratory monitoring devices market has been categorized into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. The research study also covers the competitive scenario in these regions. A detailed qualitative analysis of factors responsible for driving and restraining the growth of the market and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis, Porter’s Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global respiratory monitoring devices market.

A list of recommendations has also been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the global respiratory monitoring devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include CareFusion Corporation, Smiths Medical, ResMed, Inc., Masimo Corporation. COSMED, GE Healthcare, MGC Diagnostic Corporation, ndd Medical Technologies, Inc., and others.

The global respiratory monitoring market is segmented as given below:

Global Respiratory Monitoring Devices Market, by Product

  • Spirometer
  • Peak Flow Meter
  • Pulse Oximeter
  • Capnograps

Global Respiratory Monitoring Devices Market, by End User

  • Hospitals
  • Laboratories
  • Home Use

Global Respiratory Monitoring Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa


 
 
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