Global Respiratory Measurement Devices Market 2018-2022
- Published: Mar 2018
- Pages: 140
- SKU: IRTNTR21248
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The global respiratory measurement devices market size will grow by USD 1.36 billion during 2018-2022. This report offers an analysis of the market based on product (pulse oximeters, spirometers, capnographs, and peak flow meters) and end user (hospitals and clinics, and alternative care settings). The respiratory measurement devices market research report further presents in-depth insights on the growth prospects of the market across the Americas, APAC, and EMEA. The report analyzes the market’s competitive landscape and offers information on several companies including GE Healthcare, Koninklijke Philips, Masimo, Medtronic, Smiths Medical, and Schiller.
Below are some of the key findings from the respiratory measurement devices market research report
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Global respiratory measurement devices industry overview
The increasing prevalence of chronic respiratory diseases is one of the primary factors that will trigger the respiratory measurement devices market growth in the coming years. Respiratory disorders like COPD, asthma, and OSA are rising rapidly with smoking, exposure to air pollution and occupational dust and fumes being the major causes. Respiratory devices are used for various indications like endotracheal intubation, cardiac arrests, procedural sedation, and asthma/COPD. With the growing number of patients suffering from chronic respiratory diseases, the demand for respiratory measurement will simultaneously increase; thereby driving the market growth.
The growing adoption of advanced technologies in devices is one of the key respiratory measurement devices market trends. Advancements like LEDs, miniaturized photodetectors, microprocessors, and sensor technologies have facilitated the development of next-generation devices. The development of new generation pulse oximeters, which is cheaper, smaller, and easier to use, is a classic example of technical advancements creating higher respiratory measurement devices market value. The respiratory measurement devices market forecast predicts that fueled by these factors, the respiratory measurement devices market is projected to grow at a CAGR of almost 8% during the forecast period.
Top respiratory measurement devices companies covered in this market research report
The respiratory measurement devices market is moderately concentrated. The market is open to opportunities hence, competition is extremely high. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this respiratory measurement devices industry analysis report is designed to aid clients to identify new growth opportunities and formulate new growth strategies.
The report offers a complete analysis of various companies including:
- GE Healthcare
- Koninklijke Philips
- Smiths Medical
Respiratory measurement devices market segmentation based on geographic regions
The Americas will lead the respiratory measurement devices market share, while the APAC region will account for the highest regional share throughout the forecast period. Americas dominance can be attributed to the increasing adoption of technologically advanced respiratory measurement devices due to the high prevalence of respiratory disorders, sleep disorders, and chronic disorders.
Respiratory measurement devices market segmentation based on product
- Pulse oximeters
- Peak flow meters
The pulse oximeters segment will dominate the respiratory measurement devices market share, led by the growing awareness about its clinical benefits and high adoption. The capnographs segment will account for the highest incremental growth in the market. Capnography is quickly becoming the industry standard of care in outpatient surgical procedures. Additionally, the report will provide an accurate prediction of the contribution of the various products segments to the growth of the respiratory measurement devices market size.
Key highlights of the global respiratory measurement devices market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the respiratory measurement devices market during the next five years
- Precise estimation of the global respiratory measurement devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the respiratory measurement devices industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the respiratory measurement devices companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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