The North America Lung Monitoring Devices Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
Lung monitoring devices are used to measure, record, distribute, and show the values that represent the state of the lungs. Bronchitis, asthma, and chronic obstructive pulmonary disease (COPD) are among the conditions for which it is commonly prescribed. It employs a controlled pressure technique to enhance blood flow in the legs.
The lung monitoring devices use various equipment, including capnography, peak flow meters, pulse spirometers, and pulse oximeters. A spirometer measures the amount of air that enters and leaves the lungs during one breathing cycle. The intake and outflow of air from the lungs are measured with a spirometer. Obstructive and restrictive abnormal ventilation patterns will both be detected by the spirogram.
The rise in lung disorders like asthma and COPD primarily fuels the development of new lung monitoring technologies in the medical device sector. Additionally, the growing number of people with respiratory illnesses is anticipated to open exciting opportunities for the growth of the market. Infectious respiratory disorders like tuberculosis and pneumonia are becoming more common and diagnostic technology is improving; significant companies, the government, and charitable groups are investing more in R&D for diagnostic testing.
In the United States, the respiratory disease affects millions of people. More than 25 million people have asthma. Strategies to decrease environmental triggers, ensure individuals get the proper medications, and help prevent hospital visits for asthma. More than 16 million people in the US have COPD (chronic obstructive pulmonary disease), a prominent cause of death. The number of deaths from COPD can be significantly decreased by adopting preventative measures, including reducing air pollution and helping individuals quit smoking. For the prevention and treatment of other respiratory diseases, interventions tailored to at-risk groups can also be helpful. Thus, rising cases of asthma and other lung diseases, coupled with the increasing awareness among the government, will surge the demand for lung monitoring devices and thereby propel the market growth in the North America region.
The US market dominated the North America Lung Monitoring Devices Market by Country in 2022; thereby, achieving a market value of $1,248.3 million by 2029. The Canada market is experiencing a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Based on Product Type, the market is segmented into Spirometers, Capnographs, Pulse Oximeters, and Others. Based on End User, the market is segmented into Hospitals, Homecare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Lung Monitoring Devices Market is Projected to reach USD 5.1 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Teleflex, Inc., Medtronic PLC, Masimo Corporation, Baxter International, Inc. (Hill-Rom Holdings, Inc.), Nihon Kohden Corporation, ICU Medical, Inc., Vyaire Medical, Inc. (Apax Partners LLP), Becton, Dickinson and Company, Koninklijke Philips N.V. and Propeller Health (ResMed, Inc.)
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Spirometers
- Capnographs
- Pulse Oximeters
- Others
By End User
- Hospitals
- Homecare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Teleflex, Inc.
- Medtronic PLC
- Masimo Corporation
- Baxter International, Inc. (Hill-Rom Holdings, Inc.)
- Nihon Kohden Corporation
- ICU Medical, Inc.
- Vyaire Medical, Inc. (Apax Partners LLP)
- Becton, Dickinson and Company
- Koninklijke Philips N.V.
- Propeller Health (ResMed, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Lung Monitoring Devices Market, by Product Type
1.4.2 North America Lung Monitoring Devices Market, by End User
1.4.3 North America Lung Monitoring Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Approvals & Trials
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Lung Monitoring Devices Market by Product Type
5.1 North America Spirometers Market by Country
5.2 North America Capnographs Market by Country
5.3 North America Pulse Oximeters Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Lung Monitoring Devices Market by End User
6.1 North America Hospitals Market by Country
6.2 North America Homecare Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Lung Monitoring Devices Market by Country
7.1 US Lung Monitoring Devices Market
7.1.1 US Lung Monitoring Devices Market by Product Type
7.1.2 US Lung Monitoring Devices Market by End User
7.2 Canada Lung Monitoring Devices Market
7.2.1 Canada Lung Monitoring Devices Market by Product Type
7.2.2 Canada Lung Monitoring Devices Market by End User
7.3 Mexico Lung Monitoring Devices Market
7.3.1 Mexico Lung Monitoring Devices Market by Product Type
7.3.2 Mexico Lung Monitoring Devices Market by End User
7.4 Rest of North America Lung Monitoring Devices Market
7.4.1 Rest of North America Lung Monitoring Devices Market by Product Type
7.4.2 Rest of North America Lung Monitoring Devices Market by End User
Chapter 8. Company Profiles
8.1 Teleflex, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Medtronic PLC
8.2.1 Company overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Masimo Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Approvals & Trials:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Baxter International, Inc. (Hill-Rom Holdings, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Nihon Kohden Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Product Category and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 ICU Medical, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Vyaire Medical, Inc. (Apax Partners LLP)
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.7.3 SWOT Analysis
8.8 Becton, Dickinson and Company
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Approvals & Trials:
8.8.6 SWOT Analysis
8.9 Koninklijke Philips N.V.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. Propeller Health (ResMed, Inc.)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisition and Mergers:
8.10.6 SWOT Analysis
TABLE 1 North America Lung Monitoring Devices Market, 2019 - 2022, USD Million
TABLE 2 North America Lung Monitoring Devices Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Lung Monitoring Devices Market
TABLE 4 Product Launches And Product Expansions– Lung Monitoring Devices Market
TABLE 5 Acquisition and Mergers– Lung Monitoring Devices Market
TABLE 6 Approvals & Trials– Lung Monitoring Devices Market
TABLE 7 North America Lung Monitoring Devices Market by Product Type, 2019 - 2022, USD Million
TABLE 8 North America Lung Monitoring Devices Market by Product Type, 2023 - 2030, USD Million
TABLE 9 North America Spirometers Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Spirometers Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Capnographs Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Capnographs Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Pulse Oximeters Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Pulse Oximeters Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Lung Monitoring Devices Market by End User, 2019 - 2022, USD Million
TABLE 18 North America Lung Monitoring Devices Market by End User, 2023 - 2030, USD Million
TABLE 19 North America Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Homecare Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Homecare Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Lung Monitoring Devices Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Lung Monitoring Devices Market by Country, 2023 - 2030, USD Million
TABLE 27 US Lung Monitoring Devices Market, 2019 - 2022, USD Million
TABLE 28 US Lung Monitoring Devices Market, 2023 - 2030, USD Million
TABLE 29 US Lung Monitoring Devices Market by Product Type, 2019 - 2022, USD Million
TABLE 30 US Lung Monitoring Devices Market by Product Type, 2023 - 2030, USD Million
TABLE 31 US Lung Monitoring Devices Market by End User, 2019 - 2022, USD Million
TABLE 32 US Lung Monitoring Devices Market by End User, 2023 - 2030, USD Million
TABLE 33 Canada Lung Monitoring Devices Market, 2019 - 2022, USD Million
TABLE 34 Canada Lung Monitoring Devices Market, 2023 - 2030, USD Million
TABLE 35 Canada Lung Monitoring Devices Market by Product Type, 2019 - 2022, USD Million
TABLE 36 Canada Lung Monitoring Devices Market by Product Type, 2023 - 2030, USD Million
TABLE 37 Canada Lung Monitoring Devices Market by End User, 2019 - 2022, USD Million
TABLE 38 Canada Lung Monitoring Devices Market by End User, 2023 - 2030, USD Million
TABLE 39 Mexico Lung Monitoring Devices Market, 2019 - 2022, USD Million
TABLE 40 Mexico Lung Monitoring Devices Market, 2023 - 2030, USD Million
TABLE 41 Mexico Lung Monitoring Devices Market by Product Type, 2019 - 2022, USD Million
TABLE 42 Mexico Lung Monitoring Devices Market by Product Type, 2023 - 2030, USD Million
TABLE 43 Mexico Lung Monitoring Devices Market by End User, 2019 - 2022, USD Million
TABLE 44 Mexico Lung Monitoring Devices Market by End User, 2023 - 2030, USD Million
TABLE 45 Rest of North America Lung Monitoring Devices Market, 2019 - 2022, USD Million
TABLE 46 Rest of North America Lung Monitoring Devices Market, 2023 - 2030, USD Million
TABLE 47 Rest of North America Lung Monitoring Devices Market by Product Type, 2019 - 2022, USD Million
TABLE 48 Rest of North America Lung Monitoring Devices Market by Product Type, 2023 - 2030, USD Million
TABLE 49 Rest of North America Lung Monitoring Devices Market by End User, 2019 - 2022, USD Million
TABLE 50 Rest of North America Lung Monitoring Devices Market by End User, 2023 - 2030, USD Million
TABLE 51 key Information – Teleflex, Inc.
TABLE 52 Key Information – Medtronic PLC
TABLE 53 Key Information – MASIMO CORPORATION
TABLE 54 Key Information – Baxter International, Inc.
TABLE 55 key Information – Nihon Kohden Corporation
TABLE 56 Key information – ICU Medical, Inc.
TABLE 57 Key Information – Vyaire Medical, Inc.
TABLE 58 Key information – Becton, Dickinson and Company
TABLE 59 Key Information – Koninklijke Philips N.V.
TABLE 60 Key Information – Propeller Health
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Lung Monitoring Devices Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors lung monitoring device market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Porter’s Five Forces Analysis - Lung Monitoring Devices Market
FIG 7 North America Lung Monitoring Devices Market share by Product Type, 2022
FIG 8 North America Lung Monitoring Devices Market share by Product Type, 2030
FIG 9 North America Lung Monitoring Devices Market by Product Type, 2019 - 2030, USD Million
FIG 10 North America Lung Monitoring Devices Market share by End User, 2022
FIG 11 North America Lung Monitoring Devices Market share by End User, 2030
FIG 12 North America Lung Monitoring Devices Market by End User, 2019 - 2030, USD Million
FIG 13 North America Lung Monitoring Devices Market share by Country, 2022
FIG 14 North America Lung Monitoring Devices Market share by Country, 2030
FIG 15 North America Lung Monitoring Devices Market by Country, 2019 - 2030, USD Million
FIG 16 SWOT Analysis: Teleflex, Inc.
FIG 17 Swot analysis: Medtronic plc
FIG 18 Recent strategies and developments: Masimo Corporation
FIG 19 SWOT Analysis: Masimo Corporation
FIG 20 SWOT Analysis: Baxter International, Inc.
FIG 21 SWOT Analysis: Nihon Kohden Corporation
FIG 22 SWOT ANALYSIS: ICU Medical, Inc.
FIG 23 SWOT ANALYSIS: Vyaire Medical, Inc.
FIG 24 SWOT Analysis: Becton, Dickinson and Company
FIG 25 Recent strategies and developments: Koninklijke Philips N.V.
FIG 26 SWOT Analysis: Koninklijke Philips N.V.
FIG 27 Recent strategies and developments: Propeller Health
FIG 28 SWOT Analysis: Propeller Health