Fact.MR – A Market Research and Competitive Intelligence Provider: The global capnography market is set to witness steady growth between 2021 and 2031.
Advent of Portable and Multiparameter Monitoring Devices Transforming Capnography Market
The capnography market study by Fact.MR offers detailed analysis of key growth drivers and restraints, impacting the growth trajectory through 2031. The survey offers capnography demand outlook and studies opportunities existing in key segments, including technology, application and end user. It also highlights key strategies adopted by market players to increase product sales.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global capnography market is set to witness steady growth between 2021 and 2031. Fact.MR presents a positive growth outlook for the market on account of increasing incidence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma.
According to World Health Organization (WHO), around 3 million people die each year from COPD alone. Similarly, 235 million people suffer from asthma. Increasing prevalence of these diseases will create huge demand for procedures such as capnography.
Capnography has become an integral part of anesthesia and respiratory critical care. Rise in number of surgical procedures is fuelling the demand for efficient monitory devices. Capnography provides more safety and greater precision for monitoring patients during sedation.
Capnography devices are being preferred over pulse oximetry as a result of various advantages that they offer. These include real time measurement of EtCO2 and immediate recognition of ventilation.
Organizations such as the American Society of Anesthesiologists (ASA), American Heart Association (AHA), and Anesthesia Patient Safety Foundation (APSF) are issuing numerous guidelines to promote the use of capnography devices.
For instance, American Society of anesthesiologists (ASA) has made it mandatory to use EtCO2 capnography for any patient receiving anesthesia.
Technological advancements have paved way for the innovation of efficient, portable and automatic capnography devices. Some of the latest innovations are photo detectors, miniaturized main-stream multi-gas monitors, and laser-based molecular correlation spectroscopy (MCS).
The COVID-19 pandemic has boosted the capnography device sales as demand for remote respiratory monitoring equipment soars. Capnography’s ability to measure the concentration of carbon dioxide (CO2) in exhaled air is being leveraged in acute and long-term-care settings to track the status of infected patients and ascertain the likelihood of unfavorable events.
Mainstream technology is the most widely used technology in medical field. It eliminates the need for gas sampling as the measurement is made directly in the airway.
North America dominates the Capnography market on account of increasing incidence of respiratory and cardiovascular diseases, well-established medical sector, and presence of leading players.
“Ongoing technological advancements in capnography devices and soaring demand for efficient monitoring devices will drive the market during the forecast period, “says the Fact.MR analyst.
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Key Takeaways from Capnography Market Survey
- North America leads the capnography market with a large share. The growth in the region can be attributed to the increasing prevalence of chronic diseases along with highly developed healthcare sector and presence of leading market players.
- With changing lifestyle, growing geriatric population and increasing surgical procedures, Europe will emerge as the second largest market for capnography.
- Capnography market in South Asia is growing swiftly, owing to the increasing patient pool, heavy smoking habits, improving healthcare infrastructure and growing awareness regarding benefits of capnography.
- Based on technology, the mainstream technology dominates the market. Owing to its non-diverting and non-invasive method of monitoring, it is the most widely used technology for CO2 monitoring.
- With rapid adoption of capnography devices in emergency department, the emergency medicine segment will continue to lead the market.
Key Drivers
- Increasing prevalence of respiratory and cardiovascular diseases is driving the capnography market.
- Growing number of complex surgical procedures augments the demand for capnography devices.
- Non-invasive and cost-effective features of capnography makes it an ideal procedure for respiratory monitoring.
- Rising geriatric population and changing lifestyle is positively impacting the capnography market.
- Technological advancements in capnography devices will offer lucrative growth opportunities to the manufactures operating in the market.
Key Restrains
- Lack of skilled professionals is hindering the growth of capnography market.
- High cost associated with latest capnography devices restrains the market expansion.
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Competitive Landscape
Amid soaring competition, key players operating in the capnography market are focusing on developing advanced products. They are adopting various growth strategies such as mergers, acquisitions, partnerships and collaborations to expand their customer base across several end-use industries.
- In September 2020, Capsule technologies, a medical device maker received FDA clearance for its capnography monitorcalled “Vitals Plus monitoring Solution”. The new device can monitor a patients end tidal carbon dioxide, respiratory rate and fractional inspired CO2.
- In April 2021, Masimo announced FDA clearance of Radius PCG, a portable real-time capnograph with wireless Bluetooth connectivity. Radius PCG connects with the Root Patient monitoring and Connectivity platform to provide seamless, tetherless mainstream capnography for patients of all age.
Some of the prominent players operating in the capnography market profiled by Fact.MR are:
- Medtronic
- Masimo
- Drägerwerk AG & Co. KGaA
- Smiths Medical
- Becton, Dickinson and Company
- Koninklijke Philips
- Nonin
- CareFusion
- Welch Allyn
More Insights on the Global Capnography Sales Outlook
Fact MR provides an unbiased analysis of capnography market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for capnography devices with a detailed segmentation on the basis of:
Technology
- Main-stream
- Side-stream
- Micro-stream
Application
- Procedural sedation
- Emergency medicine
- General floor
- Pain management
- Critical care
End-users
- Hospitals
- Ambulatory surgical centers
- Clinic
Key Questions Covered in the Capnography Sales Outlook Report
- The report offers insight into Capnography demand outlook for 2021-2031
- The market study also highlights projected sales growth for capnography market between 2021 and 2031
- Capnography market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Capnography market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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Source: Fact.MR