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What is Respiratory Diagnostic and Monitoring Device Market and market size, and how does it cater to that market? Research Report with Top Key Players - Masimo Corporation, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V., and Medt
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In terms of type, the respiratory diagnostic and monitoring device market includes pulse oximeter, spirometer, gas analyzer, capnographs and others. In 2015, the pulse oximeter was the largest segment of the respiratory diagnostic and monitoring device industry and is expected to grow at the fastest rate during the forecast period.
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Tobacco use is one of the leading reasons of mortality in the world. It is responsible for raising the risk of chronic diseases such as cardiovascular diseases, cancer and lung diseases. As per WHO, smoking is estimated to cause about 71% of lung cancer, 42% of chronic respiratory diseases and nearly 10% of cardiovascular diseases. Almost 80% of smokers worldwide live in low and middle-income countries, leading to increased number of tobacco-related illnesses and deaths. In addition, according to CDC, cigarette smoking kills more than 480,000 Americans each year.
Some of the major players operating in the respiratory diagnostic and monitoring device market include Masimo Corporation, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V., and Medtronic plc.
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