What is Respiratory Gas Monitors Market?
According to the World Health Organization, about 65 million people suffer from the chronic obstructive pulmonary disease (COPD) and 3 million dies from it each year, making it the third leading cause of death worldwide. Respiratory gas monitors include gas sensing, measurement, processing, communication, and display functions. These devices use one or more of a limited number of technologies to make the analysis and present the data. It monitors concentrations of aesthetic and respiratory gases (oxygen [O2], carbon dioxide [CO2], nitrous oxide [N2O] and halogenated agents) in the patient breathing circuit.
The market study is being classified by Type (Stationary Gas Monitors and Mobile Gas Monitors), by Application (Hospital, Clinic, Physical Examination Center and Others) and major geographies with country level break-up.
Bedfont Scientific Ltd (United Kingdom), Vitalograph Ltd. (United States), Tenko International Group (United States), Perimed AB (Sweden), Meditech Equipment (China), MD Diagnostics Ltd (United States), Masimo (United States), HUMARES GmbH (Germany), GE Healthcare (United States) and Drägerwerk AG (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Contec Medical Systems Co., Ltd. (China) and BluePoint Medical GmbH & Co. KG (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Respiratory Gas Monitors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Respiratory Gas Monitors market by Type, Application and Region.
On the basis of geography, the market of Respiratory Gas Monitors 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Respiratory Diseases among People
- Rise in the Number of Hospitals and Clinics
Market Trend
- Technological Advancements in The Medical Science
Restraints
- Limitations Associated with Respiratory Gas Monitors
Opportunities
- Growth in the Healthcare Industry
- Increasing Demand from End-users
Challenges
- Technological Complexities Associated with Respiratory Gas Monitors
Key Target Audience
Respiratory Gas Monitors Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users