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Capnography Equipment Market to Exhibit 4.5% CAGR till 2030 | Masimo, ICU Medical, Drägerwerk AG & Co. KGaA, Welch Allyn, etc.

Capnography Equipment Market

Capnography Equipment Market

The global capnography equipment market size was USD 339.3 Million in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to the latest analysis by Emergen Research. Development of portable/POC capnography devices, evolving guidelines related to the clinical use of capnography, and increasing number of surgeries are factors driving revenue growth of the market.

Capnography is a suitable method for respiratory monitoring owing to its cost-effectiveness and lack of invasiveness. Increasing number of senior population and changes in lifestyle have a favorable effect on the sector. Recent technical advancements have enabled the creation of capnography instruments that are portable, effective, and totally autonomous. In addition, strategic efforts of key market participants have contributed to the growth of the industry.

Masimo, for instance, announced in April 2021 that its Radius PCG, a portable capnograph, received U.S. Food and Drug Administration (FDA) 510(k) clearance. The device has Bluetooth wireless connection as standard. In September 2020, the FDA approved an upgraded linked capnography monitoring system developed by Capsule Technologies. This resulted in increase in the variety of items offered by the company.

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Rising demand for capnography devices over pulse oximetry during the forecast period, is driving revenue growth of the market for capnography equipment. The benefits that capnography has over pulse oximetry, such as its capacity to detect EtCO2 in real time and its instantaneous ability to recognize ventilation, are largely responsible for rise in demand for these devices. It is expected that technological advancements in capnography equipment, which will make the devices portable and autonomous, will contribute to revenue growth of the capnography market during the forecast period.

There is a lack of awareness among medical practitioners working in developing countries and countries with a weaker economy regarding the clinical value of capnography devices during surgical procedures and postoperative surveillance. There is also a lack of clinical evidence to back up the clinical efficacy of capnography devices for different uses, which has delayed its acceptance among surgeries in industrialized countries. Therefore, an inadequate understanding of the role that capnography plays, together with a scarcity of experienced specialists, is expected to restrict the optimal adoption of these technologies among healthcare providers across major markets over the forecast period. These factors could restrain revenue growth of the market to some extent.

Radical Highlights of the capnography equipment Market Report:

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

Masimo, ICU Medical, Drägerwerk AG & Co. KGaA, Welch Allyn, Koninklijke Philips N.V., Medtronic plc, Nonin, Becton, Dickinson and Company, General Electric Company, Hamilton Medical.

Emergen Research has segmented the global capnography equipment market on the basis of Product, application, technology, end-use:

Regional Analysis of the capnography equipment Market:

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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