Tue. Aug 20th, 2019

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Major Players in the Respiratory Monitoring Devices Market Analysis Based on Various Attributes Market

4 min read
Respiratory Monitoring Devices

Respiration is an irreplaceable process of human lives, which starts at birth and continues uninterruptedly until death. A healthy human body is capable of respiration process for several decades but, owing to escalating levels of pollution in urban cities and lifestyles involving tobacco smoking, clogging of airways and other structures of the lung is turning into a common concern across the world. As a result of increasing prevalence of chronic respiratory diseases (CRDs), chronic obstructive pulmonary disease (COPD), and asthma, it has become imperative to frequently monitor respiration process. And the market for the devices that enable it, is flourishing. According to this business intelligence study, the demand in the global respiratory monitoring devices market will multiply at an impressive CAGR of 8.27% during the forecast period of 2017 to 2023. In terms of revenue, it has been estimated that the respiratory monitoring devices market, worldwide, will generate a demand worth of US$2,795.4 mn by the end of 2023, substantially more than the market’s evaluated worth of US$1,735.7 mn in 2017.

Apart from the growing prevalence of COPD, which the WHO has projected to be the third largest cause of deaths across the world by 2030, the demand in the global respiratory monitoring devices market is expected to gain traction from recent technological advancements and improving healthcare infrastructure in a number of emerging economies. On the other hand, high cost of devices and undefined reimbursement policies in rural parts of the world are a few restraints mitigating the prosperity of the respiratory monitoring devices market.

Global Respiratory Monitoring Devices Market: Segmentations

Based on product, the global respiratory monitoring devices market has been segmented into four major categories: spirometer, peak flow meter, pulse oximeter, and capnographs. Likewise, on the basis of end user, the global respiratory monitoring devices market has been segmented into hospitals, laboratories, and home use. The market segments have been extensively analyzed based on usefulness, adoption, efficacy, revenue, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The global respiratory monitoring devices market report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2023, considering 2016 as the base year. A brief annual cost estimation, prevalence of asthma and COPD, average pricing analysis, reimbursement scenario have also been discussed in the global respiratory monitoring devices market report.

Global Respiratory Monitoring Devices Market: Regional Analysis

Geographically, the global respiratory monitoring devices market has been categorized into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2017 to 2023, considering 2016 as the base year. The research study also covers the competitive scenario in these regions. A detailed qualitative analysis of factors responsible for driving and restraining the growth of the market and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis, Porter’s Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global respiratory monitoring devices market.

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Global Respiratory Monitoring Devices Market: Competitive Landscape

A list of recommendations has also been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the global respiratory monitoring devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include CareFusion Corporation, Smiths Medical, ResMed, Inc., Masimo Corporation. COSMED, GE Healthcare, MGC Diagnostic Corporation, ndd Medical Technologies, Inc., and others.

Global Respiratory Monitoring Devices Market to be worth US$2,795.4 mn by 2023

As per the projections provides in the TMR report, the demand in the global respiratory monitoring devices market will expand at a formidable CAGR of 8.27% during the forecast period of 2017 to 2023. Revenue-wise, the analyst has estimated that the opportunities in respiratory monitoring devices market, worldwide, will translate into US$2,795.4 mn by the end of 2023, considerably more than the market’s evaluated worth of US$1,735.7 mn as of 2017.

Based on product, the TMR report segments the market for respiratory monitoring devices into pulse oximeter, capnographs, spirometer, and peak flow meter. The report also gauges the potential of demand that can be expected out of the end users: hospitals, laboratories, and home use. Geographically, North America, Asia Pacific, and Europe have been highlighted as three regions that will maintain a strong inflow of demand throughout the forecast period of 2017 to 2023.

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