The global Capnography Devices Market size is expected to reach USD 1.1 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% from 2021 to 2028. Masimo, Smiths Medical, Inc., Dragerwerk AG & Co. KGaA, Welch Allyn (Hill-Rom Holdings, Inc.), Koninklijke Philips N.V. are some of the key players in this industry. Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel market growth over the forecast period. In addition, associated advantages such as ease of usage, minimally invasive nature, and medical efficiency with its usage are the key growth drivers for the market. Moreover, rising incidences of respiratory diseases that need continuous patient monitoring are expected to fuel the demand for EtCO2 monitors in coming years.
The COVID-19 pandemic had a positive impact on the market
as companies such as Medtronic witnessed increased demand for EtCO2 monitors
during the pandemic. Some companies such as Capsule Technologies also received
product approvals for their EtCO2 monitors during the pandemic, which further resulted
in positive market growth.
The market is highly competitive in nature and a limited
number of players have a high level of dominance over the overall revenue
share. The key market players account for a considerable share owing to their
product offerings. Market leaders are involved in the establishment of
extensive distribution systems as well as increasingly involving in mergers and
acquisitions to capture a larger share of the market. For instance, in January 2021,
Koninklijke Philips N.V. announced the acquisition of Capsule Technologies,
Inc., hence enhancing its position in the patient care management solutions for
hospitals.
Related Press
Release @ Capnography Devices Market Report
Capnography Devices Market Report Highlights
- The
handheld capnography segment dominated the market in 2020, owing to
associated benefits such as portability, light-weighted, ease of use, and
treatment efficiency
- The
microstream segment is expected to witness the fastest CAGR of 10.4% over
the forecast period. This growth can be attributed to the fact that this
technology is more effective and easier to incorporate as compared to
sidestream and mainstream technology
- The
emergency medicine segment dominated the market in 2020 owing to its usage
to optimize pre-hospital ventilation, correct pediatric emergencies, and
as a prognostic indicator to maintain pulmonary blood flow
- In
Asia Pacific, the market is anticipated to register rapid growth in coming
years owing to the presence of high unmet needs coupled with increasing
patient awareness levels and improving healthcare infrastructure
- The
hospital segment dominated the market in 2020 owing to the shifting
preference of hospitals from conventional patient monitoring devices to
capnographs
- Moreover,
stringent norms for product approval and post-approval performance
monitoring which are regulated by authorities such as the U.S. FDA and
American Academy of Implant may act as a threat for new participants
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