Global Respiratory Measurement Devices Market 2018-2022
About Respiratory Measurement Devices
Respiratory measurement devices are used for measuring respiration related parameters such as peripheral capillary oxygen saturation (Spo2), end-tidal CO2, (EtCO2), and forced vital capacity (FVC).
Technavio’s analysts forecast the global respiratory measurement devices market to grow at a CAGR of 7.97% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global respiratory measurement devices market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of respiratory measurement devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Respiratory Measurement Devices Market 2018-2022
Technavio recognizes the following companies as the key players in the global respiratory measurement devices market: GE Healthcare 105 Koninklijke Philips 109 Masimo 114 Medtronic 121 Smiths Medical 126 Schiller
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological advances. Respiratory measurement devices are undergoing significant technological advances. For instance, technological advances such as light-emitting diodes (LEDs), miniaturized photodetectors, and microprocessors have allowed the development of new generation pulse oximeters, which are significantly cheaper, smaller and easier to use. Some recent technological advances in capnography are the development of capnographs with the ability to sample both intubated and non-intubated patients, even in the presence of higher FiO2 and/or the use of CPAP.”
According to the report, one of the major drivers for this market is Increasing demand for wireless respiratory measurement devices. There is an increasing demand for wireless respiratory measurement devices that are coupled with cloud-based monitoring technologies. Such devices enable digital remote monitoring and reduce hospital charges and healthcare costs. Wireless pulse oximeters are more convenient and do not need to be reconnected each time the patient is moved.
Further, the report states that one of the major factors hindering the growth of this market is Limitations and complications associated with respiratory measurement devices. Respiratory measurement devices have been associated with various complications and limitations. Pulse oximeters often provide inaccurate readings and measurements in various situations.
GE Healthcare 105 Koninklijke Philips 109 Masimo 114 Medtronic 121 Smiths Medical 126 Schiller