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.
Albany, NY -- (SBWIRE) -- 04/27/2018 -- A fresh study, focusing on the global demand for respiratory monitoring devices has been added to the wide repository of Market Research Hub (MRH), which is titled as "Respiratory Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2023". This comprehensive study accurately predicts the future of the market and also gives an impression of the present market situation. It is a result of vigorous research done by a team of expert analysts who have done the needful data crunching and study of market drivers and restraints for every sector of the global market for respiratory monitoring devices market.
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In order to capture a global understanding, the report has computed its market size forecasts in terms of volumes (tons) across various geographies, such as North America, Latin America, Japan, Europe, MEA and APEJ. The research provides detailed overview of the market along with its introduction, number of drivers, opportunities and restraints.
Key Highlights from the Study
It is well known that respiration is an irreplaceable process of human lives. 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. Therefore, the devices used to monitor this process will surely increase. These factors are expected to accentuate the growth of respiratory monitoring devices market.
As per the research projections, the demand in the global respiratory monitoring devices market will expand at a CAGR of 8.27% during the forecast period of 2017 to 2023. In addition, 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.
In various emerging economies, the demand in respiratory monitoring devices market is expected to gain traction from recent technological advancements and improving healthcare infrastructure. An important section covering geographical outlook finds that the developed country of the U.S. is providing for the most prominent chunk of demand, which is a reflection of high awareness about spirometers and plethysmographs, and financial capability to purchase expensive machines. The research finds that the North America respiratory monitoring devices market is assessed to be worth US$1,013.1 mn by 2023.
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Further, the market has been analyzed on the basis of product and end-user. This report segments the respiratory monitoring devices market by product type into capnographs, pulse oximeter, peak flow meter, and spirometer. Based on end users, the report bifurcates the respiratory monitoring devices market into laboratories, hospitals, and home use.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the respiratory monitoring devices market along with details such as business positioning, financial standing, and SWOTs. Major players profiled in this report include Medical Technologies, Inc., CareFusion Corporation, Masimo Corporation, Smiths Medical, GE Healthcare, ResMed, Inc., COSMED, MGC Diagnostic Corporation, and others.
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