Respiratory Diagnostic and Monitoring Device Market Growing with Increasing Lung Disease Prevalence
The mushrooming population of geriatric people and the rising incidence of chronic diseases are the major factors driving the demand for respiratory diagnostic and monitoring devices across the world.
Besides the above-mentioned factor, the growing trend of smoking tobacco is also propelling the demand for respiratory diagnostic and monitoring devices. As per the observations of the World Health Organization (WHO), over 8 million deaths are recorded every year because of tobacco. Additionally, over 7 million of these deaths are caused due to direct tobacco use, while nearly 1.2 million deaths occur because of exposure to second-hand tobacco smoke. The organization also found that more than 80% of the 1.3 billion tobacco users across the world live in low- and middle-income countries.
These devices are heavily used in home care settings and hospitals. Between these, the usage of these devices is predicted to rise at a faster pace in home care settings over the next few years. This will be because of the surging population of ageing people and the increasing demand for home-based healthcare solutions around the world. Geographically, the sales of these devices are surging sharpy in North America, on account of the rising incidence of respiratory diseases, mushrooming geriatric population, and development of technologically advanced and innovative products in the region.
After North America, Europe is the second-largest respiratory diagnostic and monitoring device market in the world. This is attributed to factors such as the presence of a large geriatric population, increasing incidence of respiratory diseases, and escalating air pollution levels in the region. In the coming years, the demand for these devices will rise sharply in the Asia-Pacific (APAC) region, as per the forecast of the market research company, P&S Intelligence. This will be due to the growing prevalence of lifestyle-related diseases and improving healthcare infrastructure in the region.
Therefore, it can be deduced from the above paragraphs that the sales of respiratory diagnostic and monitoring devices will shoot up all over the world in the coming years, primarily because of the rising incidence of chronic diseases and respiratory ailments, ballooning population of geriatric people, and growing trend of tobacco smoking, especially among younger individuals in several countries.
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Romaian