The
global capnography device market is expected to reach USD 1.13 billion by 2024,
according to a new report by Grand View Research, Inc. The introduction of
regulatory guidelines for procedural sedation and the growing adoption of
capnography in patient monitoring due to higher reliability and efficiency are
anticipated to propel the Capnography Device Market over the forecast period.
In
addition, the associated advantages, such as ease-of-usage, minimally invasive
nature, and medical efficiency with its usage, are the key growth drivers.
Moreover, the rising incidences of respiratory diseases needing continuous
patient monitoring are expected to fuel the demand in the coming years.
Furthermore,
the increasing focus of industry leaders in the R&D for the development of
new-generation capnographs is expected to serve this market with lucrative
growth opportunities in the near future. For instance, Oridion’s micro stream
technology that helped in minimizing the dispersion of gases in the sampling
tube has created a revolution in the Capnography Device Market.
In depth research report on Capnography Device
Market
Further key findings from the study suggest:
·
The handheld capnography
segment dominated the product market in 2015, owing to its associated benefits
such as portability, lightness, ease-of-use, and treatment efficiency
·
On the contrary,
multi-parameter capnography devices are expected to grow at a lucrative CAGR of
over 18.0% due to their increasing applications in patient monitoring. They are
proven to be successful in the detection of ET tube placement verification,
breathing irregularities, and monitor procedural sedation. These aforementioned
factors attribute towards the growth of the multiparameter segment over the
forecast period.
·
Micro stream is identified as
the fastest growing technology segment. This can be attributed to the fact that
this technology is more effective and easy to incorporate as compared to side
stream & main stream capnography. It offers four-hour waveform trending,
single-use filters, and a rechargeable battery with eight-hour usage life.
These features enable clinicians to treat intubated & non-intubated
patients.
·
Ambulatory care centers are
expected to grow at a lucrative CAGR during the forecast period. Capnography
helps in the early detection of hypoventilation or apnea, which is critical for
patients following ambulatory procedures. The aforementioned benefit associated
with the adoption of capnography technology is expected to drive the segment
growth over the forecast period.
·
Hospitals dominated the end-use
segment of the Capnography Device Market owing to the shifting of preference of
hospitals from conventional patient monitoring devices to capnography. For
instance, Medstar Harbor Hospital in the U.S. adopted capnography to monitor
patients following Patient-Controlled Analgesia (PCA) for regulating their
post-surgical pain
·
In 2015, North America
dominated the overall capnography market at over 55.0% due to the increasing
incorporation of capnography in hospitals. Moreover, changes in demographic
trends, such as a growing geriatric population and healthcare expenditure, are
presumed to boost the industry growth
·
Asia Pacific is anticipated to
be growing at the fastest rate over the forecast period owing to high unmet
needs for healthcare in the emerging economies such as China & India.
Moreover, the increasing prevalence of COPD & asthma in these regions is
expected to create future growth opportunities for global leaders in
Capnography Device Market
·
Furthermore, the rising medical
tourism pertinent to different types of dental surgeries, cosmetic surgeries
& cardiac procedures, and the increasing proportion of GDP expenditure on
healthcare in growing economies, such as Brazil, are the factors augmenting the
capnography equipment industry growth.
·
The key players are now
adopting collaborative strategies, such as new product launches and mergers
& acquisitions to facilitate the business growth and geographical presence.
For instance, in January 2014, Southmedic, Inc. received premarket approval for
the C02/02 nasal cannula, in a probe to expand its capnography product
portfolio. The introduction of such technologically advanced devices is
expected to exert a positive impact on the industry growth during the forecast
period.
Grand View Research has segmented the
Capnography Device Market on the basis of product and region:
Global capnography product outlook (Revenue, USD Million,
2013 - 2024)
·
Hand-held
·
Stand-alone
·
Multi-parameter
Global capnography equipment technology outlook
(Revenue, USD Million, 2013 - 2024)
·
Main stream
·
Side stream
·
Micro stream
Global capnography equipment application outlook
(Revenue, USD Million, 2013 - 2024)
·
Emergency medicine
·
Pain management
·
Procedural sedation
·
Critical care
·
Others
Global capnography equipment end-use outlook
(Revenue, USD Million, 2013 - 2024)
·
Hospitals
·
Ambulatory care centers
·
Others
Capnography equipment regional outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
o
Saudi Arabia
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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