Sales of respiratory analyzers are projected to propel owing to growing premature birth rates, growing urbanization, increase in pollution, smoking culture, and lifestyle modification.
The global Respiratory Analysers Market Size is anticipated to be valued US$ 2.99 billion by 2022. The market is predicted to expand at a 15.87% CAGR to reach US$ 13.04 billion by 2032.
In the field of medicine, anaesthesia is a temporary state of unconsciousness, paralysis, and forgetfulness. The main purpose is to allow a surgeon to perform an operation that would otherwise cause agonising and intolerable pain to the patient. While it has saved many lives, it is not completely risk-free.
Minor risks include nausea and vomiting, while major risks include a heart attack or death. As a result, Respiratory Analysers are critical in the operating room since they detect various gases such as oxygen, carbon monoxide, and volatile anaesthetics.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Respiratory Analysers Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Respiratory Analysers market.
Key Respiratory Analysers Market Takeaways and Projections
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Respiratory Analysers market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Respiratory Analysers market.
Some of the prominent market players are profiled by FMI are:
Smiths Medical (UK), Philips Healthcare (Netherlands), ResMed, Inc. (US), Covidien plc (Ireland), Masimo Corporation (US), Fisher and Paykel Healthcare Limited (New Zealand), and CareFusion Corporation (US).
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Jun 01, 2023