Global Respiratory Monitoring Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type Of Device;
Spirometers, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnographs, and OthersBy Application;
Chronic Obstructive Pulmonary Disease, Infectious Diseases, Asthma, and OthersBy End User;
Laboratories, Hospitals, and Home UseBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Respiratory Monitoring Devices Market Overview
Respiratory Monitoring Devices Market (USD Million)
Respiratory Monitoring Devices Market was valued at USD 8,107.47 million in the year 2024. The size of this market is expected to increase to USD 14,148.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.
Global Respiratory Monitoring Devices Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 8.3 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 8.3 % |
Market Size (2024) | USD 8,107.47 Million |
Market Size (2031) | USD 14,148.91 Million |
Market Concentration | Medium |
Report Pages | 383 |
Major Players
- Medtronic
- General Electric
- Masimo
- Koninklijke Philips N.V.
- Welch Allyn,
- Smiths Medical
- MGC Diagnostics Corporation
- Novelda AS
- Dragerwerk AG & Co. KGaA
- Nihon Kohden Corporation
- Chart Industries
- DeVilbiss Healthcare LLC
- Fisher & Paykel Healthcare Limited
- GSK plc
- ResMed
- BD
- Hamilton Medical
- Abbott
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Respiratory Monitoring Devices Market
Fragmented - Highly competitive market without dominant players
The Respiratory Monitoring Devices Market continues to grow, primarily due to the rising global prevalence of respiratory disorders like COPD and asthma. Increasing awareness and the need for better disease management have contributed to a 20% growth in demand for respiratory monitoring technologies. This trend is also propelled by a surge in hospital visits for pulmonary issues and the expanding geriatric population base.
Innovation Accelerating Market Penetration
With technological improvements such as Bluetooth integration, AI-based monitoring, and portable design, there has been a 15% rise in the use of smart respiratory monitors. These developments are enhancing usability and enabling real-time data sharing, empowering both patients and clinicians to manage conditions more effectively outside traditional healthcare settings.
Healthcare Spending and Public Awareness
Growing government and private sector investments in health infrastructure have led to a 17% increase in device installations in hospitals and diagnostic centers. Health awareness initiatives and educational programs have further encouraged early respiratory assessments, accelerating device adoption in primary and secondary care environments.
Personalization and Preventive Health Trends
An industry-wide shift toward customized treatment approaches and preventive diagnostics has triggered a 13% uplift in the deployment of real-time respiratory monitors. Portable and home-use devices are now favored for long-term monitoring, offering continuous support for patients managing chronic respiratory disorders.
Respiratory Monitoring Devices Market Recent Developments
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In March 2020, Medtronic announced the expansion of remote respiratory monitoring solutions in order to fight against COVID-19
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In January 2019, Masimo received the FDA approval for MightSat Rx finger pulse oximeter that can be used at home. This is expected to help the company increase its share in the respiratory monitoring devices market.
Respiratory Monitoring Devices Market Segment Analysis
In this report, the Respiratory Monitoring Devices Market has been segmented by Type of Device, Application, End User, and Geography.
Respiratory Monitoring Devices Market, Segmentation by Type of Device
The Respiratory Monitoring Devices Market has been segmented by Type of Device into Spirometers, Peak Flow Meters, Sleep Test Devices, Gas Analyzers, Pulse Oximeters, Capnographs, and Others.
Spirometers
Spirometers contribute to approximately 30% of the respiratory monitoring devices market. These devices are essential for assessing lung function and measuring vital capacity, making them a key tool for diagnosing and monitoring conditions such as asthma and COPD.
Peak Flow Meters
Peak flow meters account for about 15% of the market, offering a convenient method to monitor airway constriction and manage chronic conditions. They are widely used in home settings and clinical environments.
Sleep Test Devices
Sleep test devices represent around 20% of the market, playing a crucial role in diagnosing sleep apnea and related disorders. These devices enable accurate respiratory monitoring during sleep, supporting appropriate treatment interventions.
Gas Analyzers
Gas analyzers hold an estimated 10% of the market. They are instrumental in measuring blood gas levels and gas exchange efficiency, particularly in critical care and anesthesia applications.
Pulse Oximeters
Pulse oximeters cover about 15% of the respiratory monitoring devices market. These devices provide real-time oxygen saturation monitoring and are essential for both hospital and home-based care.
Capnographs
Capnographs contribute around 5% of the market, offering continuous CO₂ monitoring during anesthesia and intensive care procedures. Their role is vital in ensuring patient safety during surgical interventions.
Others
The others category, including emerging respiratory monitoring technologies, represents approximately 5% of the market. These devices are gaining traction as new solutions address unmet needs in respiratory monitoring.
Respiratory Monitoring Devices Market, Segmentation by Application
The Respiratory Monitoring Devices Market has been segmented by Application into Chronic Obstructive Pulmonary Disease, Infectious Diseases, Asthma, and Others.
Chronic Obstructive Pulmonary Disease
Chronic obstructive pulmonary disease (COPD) represents the largest application in the respiratory monitoring devices market, accounting for around 45%. The increasing prevalence of chronic respiratory conditions underscores the demand for continuous lung function monitoring and early intervention tools.
Infectious Diseases
Infectious diseases account for about 25% of the market, driven by the critical need to monitor oxygen saturation and ventilatory status during acute respiratory infections. This segment highlights the growing importance of real-time respiratory monitoring in infectious disease management.
Asthma
Asthma contributes approximately 20% to the market, supported by the widespread use of home-based monitoring devices and portable peak flow meters to manage this chronic condition effectively.
Others
The others category, which includes rare and emerging respiratory conditions, represents around 10% of the market. The demand for specialized monitoring devices is rising as awareness and treatment options expand.
Respiratory Monitoring Devices Market, Segmentation by End User
The Respiratory Monitoring Devices Market has been segmented by End User into Laboratories, Hospitals, and Home Use.
Laboratories
Laboratories contribute approximately 30% to the respiratory monitoring devices market. These facilities utilize advanced diagnostic tools and specialized respiratory tests for accurate disease detection and monitoring.
Hospitals
Hospitals hold the largest market share at around 50%. They rely on a wide range of respiratory monitoring devices for managing both acute and chronic respiratory conditions in diverse patient populations.
Home Use
Home use accounts for about 20% of the market, driven by the growing demand for portable monitoring devices and the trend of remote patient management. These solutions enable chronic disease management and enhance patient comfort.
Respiratory Monitoring Devices Market, Segmentation by Geography
In this report, the Global Respiratory Monitoring Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and, Latin America.
Regions and Countries Analyzed in this Report
Respiratory Monitoring Devices Market Share (%)
North America
North America dominates the global respiratory monitoring devices market, contributing approximately 40% of the total share. The region’s advanced healthcare infrastructure, high prevalence of chronic respiratory conditions, and strong adoption of innovative monitoring technologies drive this dominance.
Europe
Europe holds a significant market share of about 30%, supported by strong regulatory frameworks, high demand for respiratory monitoring solutions, and increasing prevalence of chronic respiratory diseases.
Asia Pacific
Asia Pacific is emerging as a high-growth region, accounting for around 20% of the market. Factors such as rising healthcare investments, a large patient population, and growing incidence of respiratory conditions are contributing to this trend.
Middle East and Africa
Middle East and Africa represent a smaller but growing segment, contributing about 6% of the market. Increasing healthcare access and a rising burden of chronic respiratory diseases are key drivers in this region.
Latin America
Latin America holds a modest share of around 4%, driven by improving healthcare systems and the gradual adoption of respiratory monitoring technologies in both public and private sectors.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Respiratory Monitoring Devices Market. These factors include; Market Drivers, Restraints, and Opportunities.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising respiratory disease prevalence
- Increased health awareness
- Early detection demand
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Remote monitoring adoption - The growing adoption of remote monitoring solutions is significantly boosting demand in the respiratory monitoring devices market. With the rising burden of chronic respiratory conditions such as COPD and asthma, healthcare systems are increasingly turning to telehealth-enabled monitoring devices to track patients’ respiratory health in real-time. These technologies allow continuous data collection, enabling early detection of exacerbations and reducing hospital readmissions.
Integration of smart sensors, wireless connectivity, and cloud-based analytics has further enhanced the effectiveness and accessibility of these tools. Patients can now manage their conditions more efficiently from home, improving quality of life while lowering overall healthcare costs. This shift aligns with broader healthcare trends toward personalized care and digital transformation, making remote monitoring a pivotal driver for market expansion.
Restraints:
- Stringent and evolving regulatory frameworks
- Limited access to quality healthcare
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Challenges in diagnostic result accuracy - One of the key concerns in the respiratory monitoring devices market is the challenge of achieving consistent diagnostic result accuracy. Variability in patient cooperation, improper device calibration, and differences in usage environments can lead to inaccurate or inconsistent readings. These discrepancies hinder effective clinical decision-making and reduce confidence among both healthcare providers and patients in relying on the results for critical interventions.
Additionally, technical limitations in sensor precision and the absence of standardized protocols across different devices further exacerbate accuracy concerns. Inaccurate diagnostics may result in delayed treatments, misdiagnoses, or unnecessary interventions, posing a serious risk to patient safety. Overcoming these barriers will require advancements in device standardization, quality assurance, and clinician training to ensure reliable, repeatable, and clinically actionable results.
Opportunities:
- Rising adoption of wearable technologies
- Expansion of telemedicine healthcare services
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Growth in home-based healthcare models - The rising adoption of home-based healthcare models presents a significant opportunity for the respiratory monitoring devices market. With the growing prevalence of chronic respiratory conditions such as COPD and asthma, patients are increasingly seeking solutions that offer comfort, convenience, and continuity of care outside traditional clinical settings. This shift is driven by an aging population, a rise in remote care capabilities, and the need to reduce hospital readmissions and associated costs.
These evolving care preferences have led to increased demand for portable and user-friendly respiratory monitoring devices that can deliver reliable data in home environments. Innovations in wireless connectivity, smartphone integration, and real-time alerts are enabling patients to self-monitor and share vital information with clinicians from the comfort of their homes. This transition not only improves patient outcomes but also opens new commercial avenues for device manufacturers focused on telehealth-compatible solutions.
Competitive Landscape Analysis
Key players in Global Respiratory Monitoring Devices Market include,
- Medtronic (Ireland)
- General Electric (U.S.)
- Masimo (U.S.)
- Koninklijke Philips N.V. (U.S.)
- Welch Allyn, (U.S.)
- Smiths Medical (U.S.)
- MGC Diagnostics Corporation (U.S.)
- Novelda AS (Norway)
- Dragerwerk AG & Co. KGaA (Germany)
- Nihon Kohden Corporation (Japan)
- Chart Industries (U.S.)
- DeVilbiss Healthcare LLC (U.S.)
- Fisher & Paykel Healthcare Limited (New Zealand)
- GSK plc (U.K.)
- ResMed India (U.S.)
- BD (U.S.)
- Hamilton Medical (Switzerland)
- Abbott (U.S.)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type of Device
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Respiratory Monitoring Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising respiratory disease prevalence
- Increased health awareness
- Early detection demand
- Remote monitoring adoption
- Restraints
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Stringent and evolving regulatory frameworks
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Limited access to quality healthcare
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Challenges in diagnostic result accuracy
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- Opportunities
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Rising adoption of wearable technologies
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Expansion of telemedicine healthcare services
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Growth in home-based healthcare models
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Respiratory Monitoring Devices Market, By Type of Device, 2021 - 2031 (USD Million)
- Spirometers
- Peak Flow Meters
- Sleep Test Devices
- Gas Analyzers
- Pulse Oximeters
- Capnographs
- Others
- Respiratory Monitoring Devices Market, By Application, 2021 - 2031 (USD Million)
- Chronic Obstructive Pulmonary Disease
- Infectious Diseases
- Asthma
- Others
- Respiratory Monitoring Devices Market, By End User, 2021 - 2031 (USD Million)
- Laboratories
- Hospitals
- Home Use
- Respiratory Monitoring Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Respiratory Monitoring Devices Market, By Type of Device, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Medtronic (Ireland)
- General Electric (U.S.)
- Masimo (U.S.)
- Koninklijke Philips N.V. (U.S.)
- Welch Allyn, (U.S.)
- Smiths Medical (U.S.)
- MGC Diagnostics Corporation (U.S.)
- Novelda AS (Norway)
- Dragerwerk AG & Co. KGaA (Germany)
- Nihon Kohden Corporation (Japan)
- Chart Industries (U.S.)
- DeVilbiss Healthcare LLC (U.S.)
- Fisher & Paykel Healthcare Limited (New Zealand)
- GSK plc (U.K.)
- ResMed India (U.S.)
- BD (U.S.)
- Hamilton Medical (Switzerland)
- Abbott (U.S.)
- Company Profiles
- Analyst Views
- Future Outlook of the Market