Europe Respiratory Monitoring Devices Market Value and Growth Forecast Reports

According to the report Europe Respiratory Monitoring Devices Market, published by Market Data Forecast, the market is expected to grow at a CAGR of 9.6% and reach USD 5.27 billion in 2021 from USD 3.33 billion in 2016.
Respiratory Monitoring Devices are used to find problems in your respiratory system by finding the amount of air we inhale or exhale, Amount of oxygen present in blood or the Amount of carbon dioxide. Respiratory devices help in the removal of mucus from the respiratory airways and thereby improve pulmonary function. As a result of its high propensity for respiratory diseases, India is expected to be viewed as a potential target for medical device makers. Respiratory Diseases are rising ceaselessly in view of reduction in air quality, urbanization and Deforestation. Rise in number of smokers all around is additionally a reason for growing respiratory diseases.

Respiratory care devices are used for diagnosis, monitoring, and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide enhanced care to patients suffering from such acute and chronic respiratory diseases. The market is witnessing decent growth as COPD is one of the leading causes of death globally. By 2021, COPD is expected to be the fifth leading cause of death globally. Respiratory Monitoring Devices rise due to the ascent in respiratory diseases and high clinical costs. With Respiratory Monitoring Devices, Clinical care is moved to home care.

Get a comprehensive overview of the Europe Respiratory Monitoring Devices Market: http://www.marketdataforecast.com/market-reports/europe-respiratory-monitoring-devices-system-market-1957/

Respiratory Monitoring Devices Market: Drivers & Restraints

There are many factors that are driving this market like Increase in the number of patients suffering from respiratory diseases like Chronic Obstructive Pulmonary Disease (COPD), tuberculosis, asthma and pneumonia, Technological advancements in the development of better devices, Increase in disposable incomes, Increase in the demand for respiratory devices in private hospitals and clinics, increase in aging population, Prevalence of COPD Globally, rise in number of Smokers and rise in healthcare expenditure in emerging countries. Availability of Advanced Technologies and high disposable incomes are also driving the market. But factors like Increase in sophistication of devices, High costs associated with the purchase and operation, Lack of public awareness, especially in developing countries, huge price of Monitoring Devices and increased complexity are restraining the market growth.

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Respiratory Monitoring Devices Market: Segmentation

• By Diagnostic and Monitoring Devices
o Spirometers
o Sleep Test Devices
o Gas Analysers
o Pulse Oximeters
o Peak Flow Meters
o Capnographs

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Respiratory Monitoring Devices Market: Overview
Respiratory care devices are used for diagnosis, monitoring, and treatment of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia. These devices provide enhanced care to patients suffering from such acute and chronic respiratory diseases. The report analyses the respiratory care devices market on the basis of product type, end user, and geography. The geriatric population has witnessed an unprecedented increase in the recent years. Aging is associated with progressive decline in lung function and increase in prevalence of respiratory diseases such as chronic obstructive pulmonary disease and asthma. The respiratory system undergoes various anatomical, physiological, and immunological changes with increase in age. The structural changes, including deformities in chest wall and thoracic spine, impair the functioning of the respiratory system and lead to complications in breathing. The incidence of respiratory diseases is expected to increase in the near future; thereby driving the respiratory care monitoring devices market.

Respiratory Monitoring Devices Market: Region-wise Outlook
Geographically, this market is further segmented in to Germany, Italy, Spain, U.K. and France. This region holds the second highest share in the market because of their developed markets and availability of major players in this region because of developed health care infrastructure, large pool of respiratory disease patient’s due to lifestyle such as smoking and tobacco habits, and availability of trained personnel to operate the advanced respiratory devices.

Respiratory Monitoring Devices Market: Key Players
Some of the Key players in this market are Covidien GE Healthcare, Philips Healthcare, Siemens Healthcare, Resmed, Merck & Co. Inc, Calondo Pharmaceuticals Inc., Quark Pharmaceuticals Inc., Access Pharmaceuticals Inc., Sirnaomics Inc., and Traversa Therapeutics Inc.

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