Which Region is the Largest Respiratory Diagnostic and Monitoring Device Market?

1. Respiratory Diagnostic and Monitoring Device Market Growing with Increasing Lung Disease Prevalence © P&S Intelligence. All rights reserved Page 1

2. The respiratory diagnostic and monitoring device market valued $4,348.1 million in 2015, and it is further predicted to progress at an 8.1% CAGR during the forecast period (2016–2022). Living without oxygen is not possible, but apart from merely having it all around, it is also important to have a good pair of lungs, to be able to take in the gas and convert it to energy. Since life isn’t fair and not everything is good, there are a horde of respiratory diseases which hamper with the functioning of the lungs. Among the most common are chronic obstructive pulmonary disease (COPD) and asthma, with the World Health Organization (WHO) putting their annual incidence at 251 million and 235 million cases, respectively. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market- analysis/respiratory-diagnostic-and-monitoring-device-market/report-sample Hence, with the increasing hospitalization rate, as a result of the rising prevalence of these and many other breathing-related diseases, the respiratory diagnostic and monitoring device market is growing around the globe. In the present times, the COVID-19 epidemic is the world’s biggest problem, and since it is a respiratory disease, the demand for such devices is rapidly increasing with its growing hold. Since claiming its first victim in December 2019, the epidemic had resulted in 170,473 deaths and 2,482,343 cases till April 21, 2020. This virus has forced almost the entire world into an economic shutdown, and the only thing increasing apart from the case and death count, is the number of healthcare centers. Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=respiratory-diagnostic-and-monitoring-device-market The various devices used for ascertaining how well the lungs are functioning include the pulse oximeter, spirometer, gas analyzer, and capnograph. Among these, the spirometer measures how much air is entering and exiting the lungs, which helps doctors determine if the volume of the lungs has been compromised. The pulse oximeter analyzes the oxygen saturation (SpO2), which is the percentage of oxygenated hemoglobin relative to the total hemoglobin (oxygenated and deoxygenated) in the blood. As long as the O2 stats are above 90% (though the desirable range is 95–100%), there is no need to worry. On a geographical basis, the largest respiratory diagnostic and monitoring device market is currently North America, as it has a fast growing geriatric population. For instance, compared to 49.2 million in 2016, 98 million people would be in the age group of 65 and above, in the U.S., in 2060, as per government sources. Additionally, the country has been the worst struck by COVID-19, registering the highest worldwide death count of 42,518, as of April 21, 2020. Additionally, a range of new and improved devices are being launched in the continent, which would further help increase their uptake. Therefore, with the ongoing coronavirus pandemic and increasing geriatric population, the requirement for instruments to measure people’s lung function will continue rising. © P&S Intelligence. All rights reserved Page 2

3. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved Page 3