Global Capnography Devices Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- June 15, 2022
- HEALTHCARE, NEWS
- Capnography Devices Market, Capnography Devices Market Growth, Capnography Devices Market Share, Capnography Devices Market Size
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Global Capnography Devices Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 9% during the forecast period (2021-2027). Capnography devices are advanced etCO2 monitors that simplify patient monitoring by allowing clinicians to measure terminal exhaled CO2 and multiple vital signs on the same device. Mainly capnography is used to measure CO2 concentrations in respiratory gas for the study of various respiratory diseases and precisely measure the level of CO2 discharged into the bloodstream. The Capnography device shows the result in a graphical manner on the monitor.
The global capnography devices market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having respiratory diseases and asthma. Asthma affected an estimated 262 million people in 2019 and caused 461000 deaths. Owing to these glaring statistics the demand for capnography devices is anticipated to grow in the forthcoming years. Furthermore, the advancement in technology, increasing demand for minimally invasive procedures, and various benefits associated with the use of these devices have also led to the growing adoption of capnography devices.
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Based on product type, the market is segmented into hand-held, stand-alone, and multi-parameter. The Hand-held segment grabbed a significant share of the global capnography devices market and will witness a considerable CAGR during the forecast period (2021-2027F) as increasing adoption due to the associated benefits with the hand-held capnography devices such as high portability and high durability.
Based on the technology, the global capnography device market is segmented into sidestream, mainstream, and micro stream. The sidestream segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 as sidestream technology-enabled devices have many advantages such as ease of connection and reduced sterility issues. These devices also help monitor non-incubated substances with the help of nasal adapters.
Additionally, the report provides detailed report also provides insights into the global capnography device market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the well-established market players and increasing geriatric population.
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Masimo, Smiths Medical, Dragerwerk AG & Co. KGaA, Welch Allyn (Hill-Rom Holdings, Inc.), Koninklijke Philips N.V., Medtronic, Nonin Medical, Inc., Nihon Kohden Corp., Becton, Dickinson and Company, Diamedica Ltd. are some of the key players operating in the global capnography device market. Several M&As along with partnerships have been undertaken by these players to develop new products.
Global Capnography device Market Segmentation
Market Insight, by Product Type
Market Insight, by Technology
Market Insight, by Application
- Emergency Medicine
- Critical Care
- Procedural Sedation
- Pain Management
Market Insight, by End-Users
- Ambulatory Surgical Centers
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Smiths Medical
- Dragerwerk AG & Co. KGaA
- Welch Allyn (Hill-Rom Holdings, Inc.)
- Koninklijke Philips N.V.
- Nonin Medical, Inc.
- Nihon Kohden Corp.
- Becton, Dickinson and Company
- Diamedica Ltd.