Non-Invasive Respiratory Monitoring Market - Growth Drivers and Challenges
Growth Drivers
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Rising Geriatric Population - Elderly patients frequently have acute respiratory failure, which has led to an increase in the adoption of non-invasive respiratory monitoring as a useful substitute for older hospital patients since it causes less discomfort. For instance, more than 770 million individuals worldwide were 65 years of age or older in 2022, making up about 9% of the world's population.
- Increasing Popularity of Non-Invasive Procedures - Their ability to shorten recuperation times, and cost-effectiveness has only served to boost the appeal of non-invasive procedures over time.
Challenges
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Lack of awareness and education - Many healthcare professionals and individuals in lower economic regions are not aware of non-invasive respiratory monitoring owing to a lack of education arising from the availability of limited resources. As a result, practitioners are less likely to adopt these devices into their practice, which is expected to impede market growth. Moreover, this may also lead to lower funding in research and development of these technologies.
- Difficulty associated with ensuring consistent respiratory measurements can limit the adoption
- Lack of standardization may limit the non-invasive respiratory monitoring market growth
Non-Invasive Respiratory Monitoring Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
6.2% |
|
Base Year Market Size (2025) |
USD 9.54 billion |
|
Forecast Year Market Size (2035) |
USD 17.41 billion |
|
Regional Scope |
|
