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Respiratory Measurement Devices Market: Market Segmentation By Product Type (Spirometers, Pulse Oximetry Systems, Peak Flow Meters And Capnographs); By End User (Home Use, Hospital, Clinics and Others) - Global Demand Analysis & Opportunity Outlook 2027

Buy Now Report ID: 704 | Published Date: Feb 10, 2023

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.


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Respiratory Measurement Devices Market Graph
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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

Respiratory Measurement Devices Market Graph

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.

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Restraints

Market-Growth-Drivers

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.

proportion

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


proportion
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Top Featured Companies Dominating The Market

top-features-companies
    • 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.

In-the-news

In The News


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


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