Introduction to Respiratory Measurement Devices
The respiratory monitoring devices are primary used for the monitoring and measuring the respiration related parameters. It is primarily used for the measurement of the exchange of the carbon di-oxide and oxygen. These devices help in the early detection of the symptoms in the patients and improve the quality of the respiration. The various devices associated with the respiratory monitoring devices are pulse oximetry systems, spirometers and peak flow meters. Spirometers are primarily used for the measurement of the air capacity of the lungs in order to monitor the breathing disorders. These devices are primarily used to monitor the diseases such as asthma and bronchitis.
Market Size and Forecast
The global respiratory measurement devices market is witnessing robust growth during the forecast period. The growth can be attributed to the increasing cases of the asthma and lung cancer especially among the geriatric population coupled with increasing technological development in the field of medical devices. For instance, according to WHO the total cases of the asthma are 235 million and it is more common in the children. Additionally more than 3 million of the people die each year from chronic obstructive pulmonary disease. Thus, the rising cases of the respiratory diseases is anticipated to be the major factor fostering the growth of the global respiratory measurement devices market.
Global respiratory measurement devices market is anticipated to record a CAGR of 8.3% over the forecast period. The global respiratory measurement devices market is expected to showcase substantial growth by the end of the forecast period. The global respiratory measurement devices market can be segmented into product and end-user. On the basis of product, it is sub-segmented into spirometers, pulse oximetry systems, peak flow meters and capnographs. The pulse oximetry is anticipated to be the leading sub-segment during the forecast period. The pulse oximetry is involved in the monitoring of the respiratory diseases especially chronic obstructive pulmonary disease. On the basis of end-users, it is sub-segmented into home use, hospital, clinics and others
On the basis of end-users, it is sub-segmented into home use, hospital, clinics and others. The hospitals is anticipated to lead the end-users sub-segment during the forecast period. The presence of the advanced devices for the treatment of the chronic diseases coupled with the availability of the consultants for the respiratory problems is anticipated to be the major reason driving the growth of the sub-segment during the forecast period.
Growth Drivers
Rising Prevalence of the Chronic Obstructive Pulmonary Disease
The growing population across the globe is anticipated to incur various chronic diseases on the account of the changing lifestyle of the population. The chronic obstructive pulmonary disease is more common among the population of age over 40 and it is more common among women. Thus the increasing prevalence of the chronic diseases across the globe is anticipated to fuel the growth of the global respiratory measurement devices market.
Widespread Technological Development
The one of the growth drivers associated with the global respiratory measurement devices market is the increasing development of the wireless respiratory measurement devices. The wireless monitoring systems increases the efficiency of the devices and supports automatic remedial procedures. The various breathing parameter can be enhanced which provides massive relief to the patients.
Restraints
The complicated measuring procedures involved with the respiratory measurement devices is anticipated to restrain the growth of the global respiratory measurement devices market during the forecast period.
Market Segmentation
Our-in depth analysis of the global respiratory measurement devices market includes the following segments:
By Product:
- Spirometers
- Pulse oximetry systems
- Peak flow meters
- Capnographs
By End User:
- Home Use
- Hospital
- Clinics
- Others
By Region
The graph shown below depicts the percentage of the geriatric population in 2016.
Global respiratory measurement devices market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Top Featured Companies Dominating The Market
- Covidien
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Cardinal Health, Inc.
- GE Healthcare
- Draegerwerk AG & Co. KGaA
- CareFusion Corporation
- Masimo Corporation
- Philips Respironics, Inc
- Smiths Medicaland MAQUET GmbH & Co. KG.
