Capnography Market is projected to reach revenue of $1.04 billion by 2024, and is estimated to grow at a CAGR of 17% during the forecast period 2019-2024. Previously, pulse oximetry was used for the monitoring of oxygen saturation in arterial blood. However, capnography devices could monitor the respiratory gases, pulmonary partial pressures, cardiovascular function and other similar functions. Growing use of capnography devices in patient monitoring and the rise in patient safety regulations are said to drive the market for capnography devices.
Key Takeaways
Capnography Market is estimated to grow at a CAGR of 17% owing to the growing prevalence of respiratory diseases and the extensive use of capnography devices in sedation and emergency care. Capnography market size in 2018 was $415.5 million.
North America held the largest market share in terms of revenue, owing improved patient safety regulations as well as increased prevalence of respiratory diseases. Capnography market share for North America is 39% during 2018.
Technology – Segment Analysis
Micro stream capnography devices overcome the complications in conventional devices. Conventional devices are bulky and heavier and are known to cause facial burns. Newer generation capnography devices such as, micro stream device are safer, lighter and more durable. Thus they are having higher value compared to main stream or side stream capnography devices.
Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=502842
Product – Segment Analysis
Hand held Capnography devices have the highest revenue due to the comfort and ease of use offered by such devices. They are also light weight and portable making them preferable over stand-alone devices. They can also be used at the point-of-care due to their portability.
End-Use – Segment Analysis
Hospital segment will have a larger market share in 2018. They are used to monitor the patients in critical care. Anesthesia procedures require continual observation of patient respiration, which also contributes to an increased use of capnography devices in hospitals.
Application – Segment Analysis
According to application, capnography devices have a higher share in procedural sedation which is forecast to grow with a CAGR of 13.2%. Sedated patients may have risk oxygen deficiency and other perioperative complications. The use of these devices will ensure safety for such sedated patients especially in the emergency department. They are also used in during oral surgery sedation procedures. Capnography can be used to assess the patient when weaning a patient from mechanical to alveolar ventilation.
Geography – Segment Analysis
North America is estimated to hold largest share in Capnography market in 2018 and is projected to maintain its dominance during the forecast period. There is an increase in the prevalence of respiratory diseases in North America due to the unhealthy lifestyles and high stress levels. Furthermore, improved regulations focused on patient safety and clinical regulations have increased the requirement for continual monitoring of patients.
Request a Quote @ https://www.industryarc.com/reports/request-quote?id=502842
Drivers – Capnography Market
Growing prevalence of respiratory diseases
The global rise in urbanization will contribute to a large number of respiratory diseases. The rising prevalence of chronic respiratory diseases is linked to urbanization as per a study published in the WHO bulletin. Increased pollution and reducing air quality have resulted in various types of respiratory diseases. Thus as number of resultant medical cases increases, the requirement for capnography devices for their respiratory monitoring will also increase.
Rising applications in patient care and regulations for patient safety
The use of capnography instruments is rising in surgical procedures as they are used to monitor the sedated patient. Newer types of capnography devices are portable and can be conveniently used at the point-of-care. It has been reported that adoption of capnography devices have increased during various complex and critical medical procedures. These factors are considered to drive the demand for capnography equipment.
Challenges – Capnography Market
Stringent regulatory policies
Stringent regulations from government regarding the patient safety & efficiency of capnography is said to restrict the market. Moreover, FDA regulations for the product approvals are also restricting entry of new companies.
Capnography Industry Outlook
Research & development and strategic alliances are some of the key strategies adopted by players in the Capnography market. Capnography top 10 companies are Carefusion Corporation, Diamedica, Inc., Dragerwerk Ag Co Kgaa, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Philip Healthcare, Smith Medical, Welch Allyn, Inc., and others.
Capnography Market Research Scope:
The base year of the study is 2018, with forecast done up to 2024. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Capnography market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.