Respiratory Measurement Devices- Global Pipeline Analysis,Competitive Landscape and Market Forecasts

July 19, 2011 - PRLog -- The global respiratory measurement devices market was valued at $1.8 billion in 2010 and is expected to reach $2.7 billion in 2017, after increasing at a Compound Annual Growth Rate (CAGR) of 6%. The need to monitor patient’s respiratory gases both in hospital and in an outside hospital care environment is fuelling demand for respiratory measurement devices. In addition, the increasing incidence of respiratory disorders coupled with higher levels of patient awareness and increased demand for better healthcare services is expected to drive future market growth.

Pulse oximeter systems accounted for 82% of the total revenue generated by the global respiratory
measurement devices market in 2010. Pulse oximetry is often considered to be the fifth most important
parameter in patient monitoring after heart rate, blood pressure, temperature and respiratory rate.
Advances in technology leading to better sensors and portability have been major factors in the growth of pulse oximeter systems market. In addition, the increasing application of pulse oximetry in areas other than hospital care, coupled with advanced technologies such as low perfusion and motion tolerant
technologies, are further expected to drive the future growth of the pulse oximeter systems market.

With a 27% market share, Covidien plc was the leader in the global respiratory measurement devices
market in 2010. An extensive product portfolio which caters to various clinical needs, coupled with a focus on research and development, has helped Covidien to become the market leader in the respiratory measurement devices market. Other key players in the market include GE Healthcare, Draegerwerk AG & Co. KGaA, and Philips Respironics. Although the respiratory measurement devices market is dominated by few global companies, at an overall level the market is highly fragmented with a high number of domestic companies.

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GlobalData’s new report, “Respiratory Measurement Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global respiratory measurement devices market. The report provides an outline of the market landscape, competitive landscape and information on market trends. The report provides comprehensive information on the key trends affecting the market, and analytical content on the market dynamics. The
report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

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