Respiratory Monitoring Devices are used individually or clinically to find amount of air we can inhale or exhale, Saturated oxygen in blood or amount of Carbon dioxide in the body.
Respiratory Diseases are rising continuously because of decrease in air quality, urbanization and decrease in number of trees. Rise in number of smokers globally is also a cause for growing respiratory illnesses. Respiratory Monitoring Devices came into play because of the rise in respiratory diseases and high hospital costs. With Respiratory Monitoring Devices, Clinical care is shifted to home care.
There are many factors that are driving this market like, Prevalence of COPD, rise in number of Smokers, increase in aging population and Development of advanced Technology in emerging countries. Few more factors like growing investments by key players, rise in disposable incomes are also driving market in this region. But factors like huge price of Monitoring Devices and increased complexity are restraining the market growth.
Geographically, this market is further segmented in to India, China, Japan, Australia and South Korea. This market is expected to rise to the top to dominate the global market in few years. Increased interest for key players and growing opportunities are major contributors for this region’s high CAGR.
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