The new report by EMR titled, ‘Global Respiratory Gas Monitors Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global respiratory gas monitors market, assessing the market based on its segments like types, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
In 2020, the COVID-19 pandemic bolstered the demand for non-invasive respiratory gas monitors such as pulse oximeter driven by the growing consumer awareness pertaining to health and well-being. In addition, the increasing healthcare issues like respiratory ailments and chronic diseases caused by environmental hazards like air pollution are driving the demand for respiratory gas monitors. In addition, the increasing purchasing power and the growing awareness pertaining to the availability of these devices are further projected to bolster the market growth. Moreover, the efficiency of new respiratory gas monitors such as accurate values, alarms, and portability is estimated to invigorate the market growth for respiratory gas monitors.
Industry Definition and Major Segments
Respiratory gas monitors are equipment or devices that are used in hospitals or homes to detect the proportion of gases such as carbon dioxide, oxygen, and others in a human body. It is largely used in case of people with respiratory ailments in order to monitor the overall health condition of the patient.
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The respiratory gas monitors industry, by type, can be segmented into:
- Stationary Gas Monitors
- Mobile Gas Monitors
Based on end-user, the market is classified into:
- Hospitals
- Specialty Clinics
- Others
The regional markets for respiratory gas monitors include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The increasing technological breakthroughs and research and development activities conducted by the leading market players for improving the efficiency of respiratory gas monitors such as miniaturised monitors, and sensor-based monitors, among others are projected to propel the growth of the market. Additionally, the rising competition in the industry is leading the market players to develop innovative products that offer optimum performance, which is expected to augment the market growth. For instance, the Medi-Gas Check developed by Bedfont® Scientific Ltd is a portable gas detection monitor used to verify the amount of medical gas administered to the patients. The product has many benefits including its ability to record data which can be retrieved at any time. In addition, it also sends alert alarms and meets regulatory compliance. Such developments are expected to propel the respiratory gas monitors industry in the forecast period.
Key Market Players
The major players in the market are Bedfont® Scientific Ltd, MD Diagnostics Ltd., and Vitalograph Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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