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APAC Air Quality Monitoring Market is Projected to Witness the Fastest Growth in Future
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In 2016, a study was published in the journal Value in Health Regional Issues, which concluded that respiratory diseases have a significant impact on health care resource use (HCRU) and associated costs in the APAC region. In the study, patients over 18 years of age were enrolled. The study was conducted to understand the problems associated with respiratory diseases in the patients. The study described HCRU, work impairment, cost burden, and health-related quality of life (HRQOL) as key factors associated with respiratory diseases in the region.
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In order to increase their market share, key players of the air quality monitoring industry are entering into partnerships and making acquisitions to offer cost-effective and at-home therapy products. For instance, in April 2018, 3M Company entered into a partnership agreement with Amazon to offer Filtrete Smart Air Filter. The product is integrated with Amazon Dash Replenishment service for the easy reordering of air filters when customers need replacing.
In December 2017, Thermo Fisher Scientific Inc. completed the acquisition of certain assets of EPTEK Technology Co. Ltd. and several related entities with offices in Taiwan and mainland China. The assets acquired include volatile organic compound (VOC) continuous emission monitoring systems (CEMS) used to measure and analyze air quality across a range of industrial applications.
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Some of the other key players operating in the global air quality monitoring market are Merck KGaA, HORIBA Ltd, TSI Incorporated, Teledyne Technologies Incorporated, Siemens AG, Autotronic Enterprise Co. Ltd, Aeroqual Limited and ECOTECH GROUP.
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