, June 19, 2017 ) North America Respiratory Monitoring Devices Market
was estimated to be USD 5.6 billion in 2016 and is predicted to reach USD 8.74 billion by 2021 with a CAGR of 9.3 %. Respiratory Monitoring Devices are used to find problems in your respiratory system by finding the amount of air we inhale or exhale, Amount of oxygen present in blood or the Amount of carbon dioxide.
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Respiratory Diseases are rising ceaselessly in view of reduction in air quality, urbanization and Deforestation. Rise in number of smokers all around is additionally a reason for growing respiratory diseases. Respiratory Monitoring Devices rise due to the ascent in respiratory diseases and high clinical costs. With Respiratory Monitoring Devices, Clinical care is moved to home care.
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There are many factors that are driving this market like increase in aging population, Prevalence of COPD Globally, rise in number of Smokers, Development of advanced Technology and rise in healthcare expenditure in emerging countries. Availability of Advanced Technologies and high disposable incomes are also driving the market. But factors like huge price of Monitoring Devices and increased complexity are restraining the market growth.
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North America Respiratory Monitoring Devices Market is segmented based on Diagnostic and Monitoring Devices. Based on Diagnostic Devices, market is segmented into spirometers, and peak flow meter. Based on Monitoring Devices, market is segmented into sleep test devices, gas analyzers, pulse oximeters, and capnograph. Pulse Oximeters dominate the market because of their accurate and fast results. Pulse oximeter is expected to be top segment for the coming years too because of its better diagnostic results compared to others.
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Geographically, this market is further segmented in to US and Canada. This region holds the highest share in the global market because of their developed markets and availability of major players in this region.
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Key players in this market are Covidien GE Healthcare, Philips Healthcare, Siemens Healthcare, Resmed, Merck & Co. Inc, Calondo Pharmaceuticals Inc., Quark Pharmaceuticals Inc., Access Pharmaceuticals Inc., Sirnaomics Inc., and Traversa Therapeutics Inc.
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