LONDON–(BUSINESS WIRE)–The global respiratory monitoring devices market is poised to grow by USD 1.4 billion during 2019-2023, progressing at a CAGR of over 8% during the forecast period. Request free sample pages
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The market is driven by the acquisition of small specialized hospitals by Tier-1 hospitals. In addition, technological advances in respiratory monitoring devices are anticipated to boost the growth of the respiratory monitoring devices market.
The global healthcare industry is witnessing an increase in acquisition of small specialized hospitals by tier-1 hospitals, which helps the latter to increase their service base and expand their presence. For instance, in January 2015, Apollo Health and Lifestyle Limited (AHLL), a wholly-owned subsidiary of Apollo Hospitals Enterprise Limited (AHEL), acquired Nova Specialty Hospitals (Nova). This acquisition was made by AHLL to expand its base in the surgery care segment and increase its reach to cities such as Mumbai, Jaipur, and Kanpur in India. Furthermore, through these acquisitions, the staff working in small hospitals gets trained to use the latest and advanced respiratory monitoring devices. Thus, acquisitions of small hospitals by tier-1 hospitals would result in an increase in the adoption of advanced respiratory monitoring devices.
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Major Five Respiratory Monitoring Devices Companies:
Masimo
Headquartered in the US, Masimo offers products to pharmacies and hospitals across various geographic regions, which include Asia, EMEA, and North and South America. The company’s key offerings include EMMA capnograph and Rad-57 Pulse CO-Oximeter.
Medtronic
Medtronic has business operations under various segments, which include cardiac and vascular group, minimally invasive therapies group, restorative therapies group, and diabetes group. The company’s key offerings include Nellcor portable SpO2 patient monitoring system, and Microcap handheld capnographs.
NIHON KOHDEN
NIHON KOHDEN operates its business through various segments, which include physiological measuring equipment, patient monitors, treatment equipment, and other. The company’s key offerings include Oxypal Neo OLV-3100, which is a high-end desktop pulse oximeter, which helps in the measurement of SpO₂.
Nonin
Nonin has business operations under various segments, which include pulse oximetry, regional oximetry, and capnography. The company’s key offerings include LifeSense and WristOx2 Model 3150 USB. WristOx2 Model 3150 USB is developed by PureSAT SpO₂ technology of Nonin, which delivers fast and accurate results.
Smiths Medical
Smiths Medical’s key offerings include Coach 2 and Capnocheck II Handheld Capnograph/Oximeter. Coach 2 is used for incentive spirometry. This consists of one-way valve, flexible tubing, oxygen port, and many other features. Capnocheck II Handheld Capnograph/Oximeter is a fully featured portable device, delivering capnography along with oximetry.
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Technavio has segmented the respiratory monitoring devices market based on the product and region.
Respiratory Monitoring Devices Product Outlook (Revenue, USD Billion, 2019 – 2023)
- Pulse oximetry
- Spirometry
- Capnography
Respiratory Monitoring Devices Regional Outlook (Revenue, USD Billion, 2019 – 2023)
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