The global capnography devices market is predicted to advance at a CAGR of 6.0% from 2020 to 2030 and generate a revenue of $713.3 million in 2030. The growing incidence of respiratory diseases such as asthma, pulmonary embolism, and chronic obstructive pulmonary disease (COPD) is one of the biggest factors fueling the expansion of the market across the globe.
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The COVID-19 pandemic has made a huge positive impact on the capnography devices market. The major market players are witnessing a sharp surge in the requirement for capnography devices, on account of the increasing cases of coronavirus in several countries around the world. Moreover, the pandemic and the rising rate number of affected people all over the world have massively increased the burden on health services, which has, further boosted the sales of capnography devices. This is, in turn, propelling the advancement of the market.
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Geographically, the capnography devices market is predicted to register the fastest growth in the Asia-Pacific (APAC) region in the coming years. This would be a result of the rising requirement for efficient respiratory monitoring devices, because of the high urgency for treating respiratory ailments and disorders, especially in the developing nations such as China and India. Furthermore, the high and wide variety of complexities associated with these diseases are expected to boost the market growth in the region. In addition to this, the soaring geriatric population is pushing up the requirement for capnography devices in the region, on account of the fact that they are highly vulnerable to chronic diseases.
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Koninklijke Philips N.V., Zoll Medical Corporation, Zoll Medical Corporation, Smiths Medical, are Diamedica UK Ltd., Dickinson and Company, Edan Instruments Inc., Medtronic plc, Nihon Kohden Corporation, Shenzhen Comen Medical Instruments Co. Ltd., Becton, Masimo Corporation, Drägerwerk AG & Co. KGaA, and Nonin Medical Inc. are some of the leading global capnography devices market players.
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