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
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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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