Respiratory Gas Monitor Market Update Report 2024 | Industry Trends, Demand till 2031

The global respiratory gas monitor market is anticipated to exhibit significant CAGR of 7.8% during the forecast period (2024-2031). The rise in number of new respiratory gas launches to meet the demand for remote patient monitoring in case of chronic respiratory disorders is a key factor driving the growth of the global respiratory gas monitoring market.  Abbott Toxicology Ltd., Bionics Corp., Drägerwerk AG, GE Healthcare, and Medtronic plc are the key players that are making respiratory gas monitor launches across the globe. For instance, in May 2021, Medtronic plc has launched the SonarMed airway monitoring system in the US.

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The SonarMed airway monitoring system is the first and only FDA-cleared airway monitoring system that provides timely notifications and specific measurements to ensure coordinated response to address potentially critical events such as ETT movement and migration. The system utilises acoustic technology to check for endotracheal tube (ETT) obstruction and verify position in real-time. In July 2021, Gaslab has launched its new wall-mounted low-oxygen safety monitor that adds new sensing capabilities. The device is capable of monitoring oxygen levels as low as -40°C (-33.8°F) in enclosed areas without maintenance or calibration for up to ten years. In August 2020, VivaLnk, a provider of connected healthcare solutions has launched new multi vital ambulatory monitoring solution for infectious respiratory diseases.

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Market Coverage

  • Segment Covered-

o             By Product Type

o             By End-User

  • Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

  • Competitive Landscape- Abbott Toxicology Ltd., Bionics Corp., Drägerwerk AG, GE Healthcare, Medtronic plc

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominates the market in base year?
  • Which segment and region will project fastest growth in the market?
  • How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Respiratory Gas Monitor Market Report Segment

By Product Type

  • Stationary Gas Monitors
  • Mobile Gas Monitors

By End-User

  • Hospitals
  • Homecare

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