Respiratory Measurement Devices Market Scope
Respiratory measurement devices, a medical device that is used to measure the reliable and accurate respiratory rate in a living organism. It monitors the rate of respiration by measuring rate of exchange oxygen/carbon dioxide. Owing to increasing number of patients suffering from chronic respiratory diseases and increasing medical tourism and rising healthcare expenditure in emerging nations offers the growth opportunities for respiratory measurement devices in upcoming years.
According to AMA, the Global Respiratory Measurement Devices market is expected to see growth rate of 6.8%The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail competitive advantage through combined synergies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Respiratory Measurement Devices market throughout the predicted period.
Becton Dickinson (United States), Alliance Tech Medical (United States), GE Healthcare (United States), Hansatech Instruments Ltd. (United Kingdom), Medtronic (Ireland), Vyaire Medical (United States), Halyard Health (United States), Texas Instruments (United States), Bird Healthcare (Australia) and EarlySense (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Koninklijke Philips (Netherlands), Masimo (United States), Smiths Medical (United States) and Schiller (United States).
Segmentation Overview
The study have segmented the market of Global Respiratory Measurement Devices market by Type (Oral High Frequency Oscillation (OHFO) Device, Intrapulmonary Percussive Ventilation (IPV) Device, Incentive Spirometry (I.S.) Device and Flutter Device), by Application (Hospital, Diagnostic Laboratory, Clinic and Nursing Home) and Region with country level break-up.
On the basis of geography, the market of Respiratory Measurement Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Enhancement in Respiratory Measurement Devices
Market Growth Drivers:
Increasing Demand for Wireless Respiratory Measurement Devices and Growing Number of Patients with Respiratory Disorders Worldwide
Challenges:
Limitations and Complications Associated with Respiratory Measurement Devices and Critical Regulatory Compliance Procedures
Restraints:
Competitive Pricing by OEMs
Opportunities:
Rising Government Expenditure on Healthcare in Both Developed and Developing Economies
In Oct 2020, Vitalograph announced the launch of In2itive e-Diary. This is an advanced handheld medical device with a touchscreen for eCOA data. It features include a high resolution, live spirometry feedback, and many others. Through this initiatives the company aim to enhances their market share in the market.
Key Target Audience
Respiratory Devices Manufacturers, Respiratory Devices Distributors, Healthcare Institutions and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.