Respiratory Measurement Devices Market Projected to Grow Steadily During 2015-2025
Respiratory measurement devices help in early detection of symptoms in the patients to improve quality of care. Respiratory measurement devices uses in the disease such as COPD, asthma, bronchitis, etc. Some of the common factors that affect the rate of respiration are age, internal temperature, disease such as COPD and angina, exercise, etc.
Growing number of patients with respiratory disorders and technological advancement are the major factors that drive the growth of the respiratory measurement devices market. According to the American Academy of Allergy Asthma & Immunology, approximately 300 million people affected with asthma in 2014 worldwide and it is estimated to grow by more than 100 million by 2025.
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Respiratory Measurement Devices Market: Drivers and Restraints
Presently, respiratory measurement devices market is driven by rising incidence of respiratory disorders, technological advancement such as low perfusion and motion tolerant in pulse oximeter, increasing government expenditure, growing patient awareness about various respiratory diseases and rise in demand for better healthcare services. However, critical regulatory compliance procedures inhibit the growth of the respiratory measurement devices market.
Respiratory Measurement Devices Market: Segmentation
Global Respiratory Measurement Devices market is further segmented into following types:
Pulse oximetry systems
Table Top Pulse Oximeter
Hand Held Pulse Oximeter
Pulse Oximeter Sensors
Peak flow meters
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Respiratory Measurement Devices Market: Overview
With the rise in number of patient with respiratory disease and rapid technological advancement in respiratory measurement devices, the global respiratory measurement devices market is expected to grow with a healthy CAGR in the forecast period (2015-2025).
Respiratory Measurement Devices Market: Region- wise Outlook
The global respiratory measurement devices market is expected to register a healthy CAGR for the forecast period. Depending on geographic regions, global respiratory measurement devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America dominates the global respiratory measurement devices market due to technological advancement and increasing incidence of respiratory cases. Asia-Pacific is the fastest emerging market for global respiratory measurement devices because the rise in number of patients with respiratory diseases.
Respiratory Measurement Devices Market: Key Players
Some of the key market players in global respiratory measurement devices market are GE Healthcare, Philips Respironics, Inc, Draegerwerk AG & Co. KGaA, Covidien, Cardinal Health, Inc., Masimo Corporation, CareFusion Corporation, Smiths Medicaland MAQUET GmbH & Co. KG.
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