COVID-19 Impact and Recovery Analysis - Respiratory Monitoring Devices Market 2020-2024 | Increasing Prevalence of Chronic Respiratory Diseases to Boost Growth

 

The global respiratory monitoring devices market is expected to have a positive impact due to the spread of COVID-19. The extension of containment efforts is leading to higher demand and reduced production. Hence, prices are expected to remain elevated in the short term, thereby resulting in an increased topline growth of market vendors.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Respiratory Monitoring Devices Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Becton, Dickinson and Co., Drägerwerk AG & Co. KGaA, General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., and Smiths Medical Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing prevalence of chronic respiratory diseases has been instrumental in driving the growth of the market. However, competitive pricing between global and local vendors might hamper market growth.

Respiratory Monitoring Devices Market 2020-2024: Segmentation

Respiratory Monitoring Devices Market is segmented as below:

·         Product

o    Pulse Oximetry

o    Spirometry

o    Capnography

·         Geography

o    North America

o    Europe

o    Asia

o    ROW

Respiratory Monitoring Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our respiratory monitoring devices market report covers the following areas:

·         Respiratory Monitoring Devices Market Size

·         Respiratory Monitoring Devices Market Trends

·         Respiratory Monitoring Devices Market Industry Analysis

This study identifies technological advances in respiratory monitoring devices as one of the prime reasons driving the respiratory monitoring devices Market growth during the next few years.

 

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