Key Takeaways

•  ResMed, Vapotherm, Masimo, Nuvoari, Cohero Health and Propeller Health are six competitors within the American respiratory technology industry that offer non-invasive ventilation solutions and/or applications/software that support the monitoring of respiratory conditions.
• The US non-invasive ventilation solutions market is currently valued at approximately $676 million, based on the size of the global non-invasive ventilator industry as well as the relative scale of the US region within the larger ventilator marketplace. 
• The North America digital respiratory apps and sensors market is estimated at $12.9 million as of 2022, given the current size of the global digital respiratory sensors and apps industry as well as the relative scale of the North American region within the larger digital respiratory devices market.

Introduction

Respiratory Technology Industry Competitors

#1: ResMed

• ResMed (website link here) is a medical device and digital health solutions company based in San Diego, CA that currently offers four models of non-invasive ventilation solutions:
•  AirCurve 10 ST: a non-invasive bilevel breathing therapy device intended for ventilation while sleeping.
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•  AirCurve 10 ST-A: a non-invasive bilevel breathing therapy and heated humidifier device intended for quiet support.
 
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•  Astral: available in 100 and 150 models, the lightweight respiratory device supports both invasive and non-invasive options.
 
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•  Stellar: a ventilator that is not a life support device but can accommodate invasive and non-invasive ventilation.
 
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#2: Vapotherm

• Vapotherm (website link here) is an Exeter, NH-based medical equipment manufacturing company that specializes in selling the "only mask-free respiratory support tool" that functions as an alternative to NiPPV for undifferentiated respiratory distress.
• The company's core product offering includes a non-invasive Heliox delivery system, mask-free ProSoft Hi-NIV nasal cannula and the comfort of a vapotherm humidification device.

 

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#3: Masimo

• Masimo (website link here) is an Irvine, CA-based medical technology firm that sells a variety of non-invasive patient monitoring, therapy and hospital automation solutions.
• Within its therapy division, Masimo currently markets its softFlow high-velocity flow therapy device for use with adult patients in either a hospital or long-term care setting.

 

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• The device is marketed alongside an accompanying softFlow nasal applicator, heater wire for nasal applicator and product stand, as depicted below.

 

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#4: Nuvoair

• Nuvoair (website link here) is a digital health startup headquartered in Boston, MA that specializes in the delivery of its digital respiratory care platform/software.
• Named after the company, the Nuvoair application supports patients in managing Asthma and COPD via several tiers of integrated support:
• Use of a "connected spirometer, mobile app, and analytics platform" that enable real-time data capture and analysis.
• A dedicated care team that monitors patient results and highlights key changes.
• The provision of a library of personalized disease management materials.
• Automatic notifications to relevant healthcare provider(s).

 

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#5: Cohero Health

• Cohero Health (website link here) is a New York, NY-based wellness company that sells a portfolio of respiratory support software and devices comprised of its BreatheSmart app, BreatheSmart Connect web application, mSpirometerlung function sensor and HeroTracker sensors.
• The company's hardware and software offerings are designed to work together to enable patients to monitor and communicate their respiratory health in real-time.
• The BreatheSmart app specifically supports this monitoring by keeping automatic records of inhaler use, measuring lung function in tandem with applicable sensors, enabling patient record-keeping and reminders and enabling caregivers to access relevant data.

 

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• In tandem, the BreatheSmart Connect web monitoring solution is a companion to the app, which enables patients and their caregivers to easily monitor trends through a customizable dashboard.

 

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#6: Propeller Health

• Propeller Health (website link here) is a software and medical equipment company based in Madison, WI that specializes in the delivery of its paired app and sensor for monitoring Asthma and COPD.

• Specifically, the company's Propeller sensors attach to a patient's existing inhaler(s) to automatically detect, track, share and monitor usage through the Propeller app on the phone.

 

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• The Propeller app then generates reports which can be leveraged for longer-term monitoring and management of disease conditions.

 

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US Non-Invasive Ventilation Solutions Market Size

• The US non-invasive ventilation solutions market is currently valued at approximately $676 million, based on the size of the global non-invasive ventilator industry as well as the relative scale of the US region within the larger ventilator marketplace. 
• According to 360 Research Reports, the global non-invasive ventilation solutions industry generated $1.3007 billion in revenue as of 2020, and is expected to grow at a CAGR of 3.4% to reach $1.3907 billion in size as of 2022.
• These figures are corroborated by slightly dated reporting by Transparency Market Research, which sized the worldwide non-invasive ventilator industry at $1.5 billion as of 2019.
• In parallel, the global ventilation solutions industry was valued at $1.4 billion in 2021 and was expected to expand at a CAGR of 7.6% to reach $1.5 billion as of 2022, according to Markets And Markets.
• Notably, North America accounted for $812 million of the larger ventilation solutions marketplace in 2022 per Market Data Forecast, while the United States represented 90% of the North American ventilator market.
• By combining the current size of the global non-invasive ventilator industry ($1.3907 billion) with the relative scale of the US region within the larger ventilator marketplace, the US non-invasive ventilation solutions can be estimated at $676 million. The full calculation for this estimate is available within the Research Strategy section at the end of this brief.
• This market size, wherein the US and North America represent approximately half of the worldwide market for non-invasive ventilation solutions, is consistent with separate, qualitative reporting by Mordor Intelligence that "North America dominates the global non-invasive ventilators market."

North America Digital Respiratory Apps & Sensors Market Size

• The North America digital respiratory apps and sensors market is estimated at $12.9 million as of 2022, given the current size of the global digital respiratory sensors and apps industry as well as the relative scale of the North American region within the larger digital respiratory devices market.
• The sensors and apps segment of the global digital respiratory devices industry was valued at $12.6 million as of 2019 according to Statista, with a projected CAGR of 23.4% to reach $23.7 million by 2022 and $127.8 million by 2030.

 

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• In tandem, the larger worldwide digital respiratory devices market amounted to $13.1 million as of 2019 per Statista, with a projected CAGR of 36.6% to reach $33.4 million by 2022 and $405.2 million by 2030.
• Additionally, North America accounted for $7.6 million of this larger industry as of 2019, with a forecast CAGR of 33.7% to reach $18.2 million by 2022 and $185.4 million by 2030.

 

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• By leveraging the size of the global digital respiratory sensors and apps industry ($23.7 million) as well as the relative scale of the North American region within the larger digital respiratory devices market, the North America digital respiratory apps and sensors industry can be estimated at $12.9 million as of 2022. The full calculation for this estimate is available within the Research Strategy section at the end of this brief.
• This market value, wherein North America represents approximately half of the worldwide market for digital respiratory sensors and apps, is consistent with separate, qualitative reporting by ReportLinker that "North America is currently the leading contributor to the global digital respiratory devices market."

Research Strategy

• The US non-invasive ventilation solutions market = [the global non-invasive ventilation solutions market size of $1,300,700,000 in 2020 * two years of projected growth (1.034^2)] * [the relative scale of the US region of 0.9 within the North American ventilator market] * [the relative scale of the North America ventilator market within the current global ventilator industry of $812,000,000 in 2022 for North America / {$1,400,000,000 in 2021 * one year of projected growth (1.076^1)} globally] = $675,880,200.

• The North America digital respiratory apps and sensors market = [the sensors and apps market size within the global digital respiratory devices industry of $12,600,000 as of 2019 * three years of projected growth (1.234^3)] * [the relative scale of the North America digital respiratory devices market within the current global digital respiratory devices industry of {$7,600,000 in 2019 * three years of projected growth (1.337^3)} for North America / {$13,100,000 in 2019 * three years of projected growth (1.366^3)} globally] = $12,914,371.