Portable Lung Monitors Market

Portable Lung Monitors Market Forecast and CAGR

According to the latest research by Persistence Market Research, the Portable Lung Monitors market is set to witness a growth of 9-10% during 2021-2031. Demand for Portable Lung Monitors expects to witness steady recovery in the short-term, with an optimistic growth outlook in the long run. The growing technological advancement for the medical device industry will offer lucrative opportunities in near future.

What are the major drivers of the Portable Lung Monitors Market?

Portable Lung Monitors market is growing at a significant rate in many countries, such as the U.S. and Germany. Infectious disease related to lungs, Decrease in lungs oxygen holding capacity, high patient chronic disease related to lungs like (asthma, pneumonia), Corona virus directly affect the lungs this create a need of lungs monitoring every time. So, this factors drive the portable lungs monitors market.

Rising adoption of Portable Healthcare Devices to enhance the Market Growth

The increasing adoption of advanced portable healthcare devices across all around the world may boost the market. Due to increasing awareness about health issues. Post covid people prefer to monitor their pulse rate and oxygen level at home itself due to fear of covid -19 Also continuous advancement and innovation in devices and their adoption by population are factors are likely to drive the portable lung monitors market during the forecast period.

The US and Canada Portable Lung Monitors Market Outlook

US is one of the largest markets for portable lung monitors globally. US is hub of medical devices. This market is set to be grow with high pitch in forecast period as well due to continuous research is going in this field in US that make it a most lucrative market.

Due high prevalence of lung disorder like COVID-19, asthma, Bronchitis, pneumonia, chronic obstructive pulmonary disease COPD this factor is the key driver of Portable Lung Monitors market. Around 35 Mn Americans have a chronic lung disease, As per American Lung Association.

From all lung diseases in the U.S., asthma is most common 25 Mn, followed by interstitial lung disease 12 Mn and chronic obstructive pulmonary disease (COPD) 11 Mn.

Europe Demand Outlook for Portable Lung Monitors Market

Many countries in the EU have been severely faced hardest hit by the COVID-19 crisis, which has led to more lungs problems. Corona virus directly attack a lungs and make it damage. So early diagnosis of lung diseases by lung monitors may act as lifesaving. However, this all factors drive demand for portable lungs monitor market in EU countries.

Besides this Continuous research activity is going on in field of medical devices in European countries. Journal of Pulmonology says one of university in Italy published an article on new technology for lungs monitoring

For instances, in 2019, Tele monitoring systems for respiratory patients new technological aspects. Tele monitoring system integrating with all the sensors which can data collection, storage and analysis is the next step to obtaining a real-time data for respiratory patients

Who are the key players in the Portable Lung Monitors Market?

Some of the key players of Portable Lung Monitors include

• Covidien
• GE Healthcare
• Philips Healthcare
• Medtronic
• ResMed
• Siemens Healthcare
• Merck & Co.
• Calando Pharmaceuticals
• Quark Pharmaceuticals
• Sirnaomics Inc.
• Traversa Therapeutics
• Universal Medical Instruments
• Origin IP Solutions LLP
• Contec Medical Systems Co. Ltd.
• Dräger. Technology for Life®
• Others.

Companies offering portable lung monitors are involved in existing product upgrades, new product launches, mergers and acquisitions, and regional expansion to enhance their market position.

For instance, in May 2021 Siemens accelerates digital marketplace strategy with acquisition of Supply frame.

Key Segments

By Product Type

• Respiratory Rate Monitoring
• Wearable respiratory monitoring
• Blood Oxygen Monitoring
• Other Monitoring

By Application

• Chronic Obstructive Pulmonary Disease (COPD)
• Infectious Diseases
• Asthma
• Others

By End User

• Hospital
• Clinic
• Household
• Other

By Region

• North America
  • US
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Russia
  • Benelux
  • Rest of Latin America
• East Asia
  • China
  • Japan
  • South Korea
• South Asia
  • India
  • ASEAN
  • Rest of South Asia
• Oceania
  • Australia
  • New Zealand
• Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Turkey
  • Rest of Middle East

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Portable Lung Monitors Market Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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