Respiratory Gas Monitors Market Size, Share and Global Trend By Type (Stationary Gas Monitors, Mobile Gas Monitors), By End User (Hospitals, Specality Clinics, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Although neonatal respiratory support has advanced substantially in the last few decades, there are still various areas that need improvement. Respiratory monitoring is significantly enhanced by advances in non-invasive monitoring of blood gases, both arterial and venous, as well as monitoring of brain and organ oxygenation and perfusion and hemodynamics. The major development of non-invasive methods to assess lung volume and perfusion with limitation to complex techniques that have been primarily used in research studies or invasive clinical procedures.
According to the preeclampsia foundation, an estimated 20.0% of premature births are caused due to preeclampsia. Increasing incidence of pre-term births is one of the prominent drivers for the growth of the global respiratory gas monitors market. Technological advancements, new product launches, and prevalence of chronic diseases such as cancer, stroke and respiratory diseases are some of the factors drivin the growth of the global respiratory gas monitors market.
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However, the high cost of respiratory gas monitors, lack of expertise in the handling the monitors are some of the factors restraining the growth of the global respiratory gas monitors market.
Key Players Covered
Some of the major companies that are present in the global respiratory gas monitors market are HUMARES GmbH, MD Diagnostics Ltd., Perimed AB, Bedfont® Scientific Ltd., Promed Group Co., TENKO MEDICAL, Vitalograph, and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Type | · Stationary Gas Monitors · Mobile Gas Monitors |
By End-User | · Hospitals · Specality Clinics · Others |
By Geography | · North America (the USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa) |
In 2018, among end-user, hospitals dominated the global respiratory gas monitors market due to the increasing number of pre-term births globally, leading to a higher number of infants in hospitals requiring respiratory gas monitoring. This segment is projected to grow at comparatively higher CAGR during the forecast period.
Key Insights
- Technological Advancements
- New Product Launches, Key Players
- Recent Industry Developments Such as Partnerships, Mergers, and Acquisitions
Regional Analysis
North America dominated the global respiratory gas monitors market in 2018, due to the robust investment in healthcare infrastructure, high investment by key market players in the development of the respiratory gas monitors and analyzers and adequate reimbursement policies. Asia Pacific is anticipated to grow at significant CAGR during the forecat period, owing to the increased air pollution, leading to an increasing prevalence of respiratory diseases. Growing medical tourism industry in the Asia Pacific region is likely to attract patients from across the world. This one of the factors anticipated to fuel the demand of the respiratory gas monitors and significantly drive the growth of the respiratory gas monitors market in the region.
Key Industry Developments
- In February 2019, Medipines received US FDA clearance for its MediPines Gas Exchange Monitor. The device is used to measure and monitor a variety of respiratory parameters and indices of patients presenting with lung conditions.
- In September 2018, Bedfont® Scientific Ltd. announced the launch of 2nd generation NObreath in Paris. The product is an improved FeNO monitor was launched ar exclusively at the world’s largest European Respiratory Society (ERS) Congress.
- Ongoing
- 2023
- 2019-2022
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