The global capnography devices market was valued at USD 480 Million in 2020 and is anticipated to grow at USD 894.5 Million till 2027 recording a CAGR of 9.3% during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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Capnography is the process involves monitoring partial pressure in respiratory gases with the use of capnogram. Capnography greatly aids anesthesiologist in the prevention of hypoxia and determination of situations, which may cause irreversible brain injury and hypoxia. Capnography devices work as a monitoring tool during anesthesia and intensive care. As capnography has several benefits to provide, it is hugely used in trauma centers, endoscopic suites, on-site emergency, x-ray rooms and emergency rooms.
There is considerable growth in capnography devices market due to the growing adoption of capnography devices because of their high efficiency, execution of regulatory instructions for technical sedation and higher reliability and efficiency are projected to impel the growth of the capnography market. Furthermore, technological developments in these devices like Oridion’s micro-steam technology helps to reduce the dispersal of gases in sampling tube and increase the chance of getting asthma anticipated to impel the market. In addition, novel product launchings, acquisitions, mergers and product approvals are the effective strategies followed by the players to increase the revenue share in the market. For example, Emma capnograph was launched by Masimo in July 2013 with waveform display to help in determining the end-tidal carbon dioxide and respiration rate.
Capnography devices market is classified into various regions such as Europe, Asia pacific, Latin, Middle East Africa, and North America. Market in North America is hugely driven by the factors like growing R&D activities to bring novel products into market, increase in the cases of respiratory failures and FDA approval for new platforms as well as products in the market. Europe is anticipated to witness significant rate in capnography devices market and driven by proposals for implementation by European Resuscitation Council, Intensive care Society in U.K and Association of Anesthetists of the Great Britain and Ireland. Asia Pacific market is witnessing significant growth owing to initiatives by government to develop healthcare facilities and growing aging population, which cause increasing occurrence of respiratory disorders.
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A few major players operating in Capnography Devices Market are Covidien plc (Medtronic, plc. (Ireland)), Masimo Corporation (U.S.), Nihon Kohden Corporation (Japan), Smiths Medical, Inc. (U.S.), Nonin Medical, Inc. (U.S.), Welch Allyn Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Dragerwerk AG & Co. KGaA (Germany), Viamed Limited (England) and Salter Labs (U.S.). Key players of this market greatly aim at reinforcing their position in the market.
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