Capnography Market – Overview
Capnography market is gaining prominence owing to its use for the pediatric population. The global capnography market can expect to grow with a stellar 19.5% CAGR during the forecast period (2018-2027), reveals Market Research Future (MRFR).
The detailed study has an in-depth analysis of market drivers such as increasing cases of respiratory diseases and rising geriatric population. In addition, its extended use in emergency rooms, endoscopic suites, onsite emergency, trauma fields, and X-ray rooms can prove effective in taking the capnography market ahead.
Increasing disposable income and growing investments made by the government and private organizations can be considered crucial factors in furthering capnography market.
On the downside, stringent government regulations and little or no product differentiation can hurt market growth. Lack of people with expertise can also put a leash on the capnography market growth during the forecast period.
Leading Key Players
Significant players in the global capnography market are Smiths Medical Inc, Nonin medical Inc, Dreagerwerk AG & CO. KGaA, Welch Allyn, Medtronic, Masimo, Nihon Kohden Corporation, Care Fusion Cooperation, Covidien Ltd, Diamedica Limited, Edan Instruments, Inc., Hill Rom Holding Inc, Koninklijke Philips N.V., BD, and others.
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Capnography Market – Segmentation
The global capnography market can be segmented by type, devices, application, and end-user.
By type, the capnography market can be segmented into capnograph and disposable. Capnograph is further segmented into three segments, namely, mainstream capnography, sidestream capnography, and micro stream capnography. Mainstream capnography is sub-segmented standalone monitor, handheld monitor, and multi-parameter monitor.
By device, the capnography market is segmented into handheld monitors, stand-alone monitors, and others.
Application-wise, the capnography market is segmented into procedural sedation, critical care, emergency medicine, pain management, and general floor.
Based on end-user, the capnography market includes hospitals, clinics, and ambulatory surgical centers.
Detailed Regional Analysis
Analysis based on regions reveals namely the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
The American market has two sub-segments, North and South. Aged patients are now reporting more cases of chronic diseases and children are suffering more from asthma. Advanced product integration is taking he market ahead.
Furthermore, governments are taking initiatives to prevent people from contracting respiratory diseases by leading an unhealthy lifestyle. These initiatives also include substantial backing from investments made by governments and private investors.
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Europe has the second largest market, and it is getting significant thrust from both private and government investments. The APAC region is expected to register the fastest CAGR during the forecast period.
Both healthcare expenditure and awareness are rising that could help global capnography market. India and China, two market behemoths of the region are revamping their healthcare system which can directly boost the market. Their population can act as a positive marker.
Capnography Market – Insight
Strategies play a crucial role in taking the capnography market forward. Major companies implement tactics and execute them properly to stay abreast in the market. Their plans often include merger, acquisition, collaborations, new product launches, and other methods.
For instance, Hill Rom Holding Inc is planning to buy Mortara Instrument, Inc. an expert in diagnostic cardiology and patient monitoring technology. Koninklijke Philips N.V., BD bought recently Xhale Assurance Inc, an American company that develops sensor technology and manufactures disposable pulse oximetry sensor to measure patient’s heart rate and blood oxygenation, which can be considered exemplary.
Significant players in the global capnography market are Smiths Medical Inc, Nonin medical Inc, Dreagerwerk AG & CO. KGaA, Welch Allyn, Medtronic, Masimo, Nihon Kohden Corporation, Care Fusion Cooperation, Covidien Ltd, Diamedica Limited, Edan Instruments, Inc., Hill Rom Holding Inc, Koninklijke Philips N.V., BD, and others.
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