Capnography Devices Market size has the potential to grow by USD 441.47 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by technology (sidestream capnography, mainstream capnography, and microstream capnography) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Becton, Dickinson and Co., Drägerwerk AG & Co. KGaA, Hillrom, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
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The capnography devices market is concentrated. With the growing demand for effective monitoring of respiratory function, vendors are engaging in the introduction of devices with better alarm functionality and storage and analysis of data. Additionally, with the emergence of microstream capnography, vendors are also offering novel devices with better battery life and easy portability. These vendors are continuously expanding their business globally to maintain their dominance in the market in the coming years. Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd. are some of the major market participants. Vendors are increasingly adopting various growth strategies, such as product innovation, to improve their market presence. Many vendors are focusing on improved display clarity, simplicity, and cost-effectiveness. Although the recurrent consumption of capnography disposables will offer immense growth opportunities, limitations associated with capnography will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this capnography devices market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this capnography devices market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Becton, Dickinson and Co.
- Drägerwerk AG & Co. KGaA
- Koninklijke Philips NV
- Masimo Corp.
- Medtronic Plc
- Nihon Kohden Corp.
- Nonin Medical Inc.
- SCHILLER AG
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Capnography Devices Market: Key Drivers and Trends
The use of capnography disposables decreases the risk of contamination during the analysis of CO2 levels and healthcare-associated infections. Healthcare personnel prefer disposable consumables over reusable products to prevent healthcare-associated infections. As a result, the purchase of capnography disposables has become recurrent, which leads to continuous revenue generation for vendors. Furthermore, the disposables cost low compared with the reusable capnography products. The continuous consumption of capnography disposables will have a significant influence on capnography devices market growth during the forecast period.
- Several regulatory authorities have established favorable guidelines that mandate the use of capnography equipment in hospitals.
- The Joint Commission, which is an accrediting body for healthcare in the US, recommends the use of capnography to monitor patients who are self-administering analgesia for pain management since 2004.
- The favorable regulatory guidelines that encourage the use of capnography for various applications, such as deep or moderate sedation, primary anesthetic monitoring, and CPR, are driving the growth of the global capnography devices market.
- Technological advances in capnography devices will also drive market growth.
- The capnography devices market will register a CAGR of almost 13% during the forecast period.