Respiration Rate Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

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Respiration Rate Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

Status : May, 2021 | Healthcare IT

Report Digest


Respiration rate is measured as the number of breaths per minute. Respiration rate is normally calculated when the person is at rest and not involved in any physical activity and varies with medical conditions. Respiration rate monitors are specially designed devices to observe any significant fluctuation in the number of breaths. Respiration rate monitors are majorly used in respiratory diseases like asthma, COPD, lung cancer and others. According to the Centers for Disease Control and Prevention (CDC), in 2016, 189,000 people in the U.S. were hospitalized due to asthma and required monitoring of respiration rate.

COVID-19 has proved to have the highest impact on the respiratory system of a human, hence the respiration rate monitors market is expected to observe the exponential rise in demand during the forecast period. Leading manufacturers of medical devices with industrial and government support have increased manufacturing of essential COVID-19 aids like ventilators, respiratory monitors, and temperature monitors, hence leading to the growth of respiration rate monitors market. There has been a significant rise in product adoption leading to the growth of the respiration rate monitors market.

Respiration Rate Monitors Market: Drivers and Restraints

Increasing prevalence of chronic respiratory disorders will lead to rise in demand for respiration rate monitors market. The rising number of geriatric population will boost the demand for respiration rate monitors market. An increasing number of ambulatory care centres also contributes towards respiration rate monitors market growth.

Disorders like chronic pulmonary disorders, asthma, and lung cancer are major contributors to respiration rate monitors market growth. Prevalence of pandemic like COVID that infect respiratory system will lead to significant adoption of respiration rate monitors market. Increasing research and development for product innovation attracts significant investments towards respiration rate monitors market. For instance, in January 2019 a medical device company named Masimo as received FDA clearance for its respiration rate monitor using photoplethysmogram used on the finger pulse oximeter. Lack of reimbursement for respiratory diagnostics will hinder the respiration rate monitors market growth. In regions like Middle East and Africa, respiratory disorders are left undiagnosed at times and hence challenge respiratory rate monitors market growth.

Respiration Rate Monitors Market: Segmentation

Based on product type, the global respiration rate monitors market is segmented into the following:

  • Pulse oximeter
  • Spirometers
  • Sleep test devices
  • Gas analyser
  • Capnographs
  • Peak flow meters
  • Others

Based on the indication, the global respiration rate monitors market is segmented as:

  • Chronic obstructive pulmonary disease
  • Asthma
  • Lung cancer
  • Infectious diseases
  • Others

Based on the end-user, the global respiration rate monitors market is segmented as:

  • Hospitals
  • Ambulatory Care Centers
  • Speciality Clinics
  • Homecare Settings

Respiration Rate Monitors Market: Overview 

Based on product type, pulse oximeters is expected to generate the highest revenue in respiration rate monitors market with highest product adoption. Among indications chronic obstructive pulmonary disease tends to hold majority share of respiration rate monitors market. Hospitals hold a majority revenue share of respiration rate monitors market with a large patient population. Homecare settings is expected to observe significant growth rate with a rising trend of home-based care in the coming decade.

Respiration Rate Monitors Market: Region-wise Outlook

North America is expected to dominate the respiration rate monitors market during the forecast period with a large focus on research and development activities and product innovation in the region. Europe tends to be the second leading region in respiration rate monitors market with a high geriatric population and availability of advanced healthcare technology.

Latin America will observe moderate growth in respiration rate monitors market in the coming decade. On the other hand, Asia Pacific is estimated to observe an exponential rise in respiration rate monitors market with an increasing prevalence of infectious diseases in countries like India, China and Japan. The Middle East and Africa with poor healthcare infrastructure are less lucrative for respiration rate monitors market growth.

Respiration Rate Monitors Market: Key Market Participants

Major players in respiration rate monitors market are GE Healthcare, Siemens Healthcare, Philips Healthcare, Medtronic Plc, Masimo Corporations, ResMed Inc., Smiths Medical, Dragerwerk Ag & Co. KGaA, MGC Diagnostic Corporation, Nihon Kohden Corporation, Welch Allyn, Inc and others.

The research report on respiration rate monitors market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on respiration rate monitors market provides analysis and information according to market segments such as product type, end-user and region.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?