Large-scale availability of inexpensive alternatives in emerging economies holds back growth
Dublin, June 04, 2021 (GLOBE NEWSWIRE) – The Capnography Devices Market Size, Share and Trend Analysis Report by Component, Product, Technology (Mainstream, Sidestream, Microstream), Application, End Use, Region, and Segment Forecast , 2021-2028 “ report was added to ResearchAndMarkets.com offer.
The global capnography devices market size is expected to reach USD 1.1 billion by 2028, with a CAGR of 9.7% from 2021 to 2028.
The introduction of regulatory guidelines for procedural sedation and the increasing adoption of capnography in patient monitoring due to higher reliability and efficiency are expected to propel the market growth during the forecast period.
Moreover, the associated benefits such as ease of use, minimally invasive nature, and medical efficacy of its use are the major growth drivers of the market. In addition, the increasing incidence of respiratory diseases requiring continuous patient monitoring is expected to fuel the demand for EtCO2 monitors in the coming years.
The COVID-19 pandemic has had a positive impact on the market, as companies such as Medtronic have seen increased demand for EtCO2 monitors during the pandemic. Some companies such as Capsule Technologies also received product approvals for their EtCO2 monitors during the pandemic, which further resulted in positive market growth.
The market is very competitive in nature and a limited number of players strongly dominate the overall revenue share. Major market players account for a considerable share due to their product offerings.
Market leaders are participating in the establishment of extensive distribution systems and are increasingly involved in mergers and acquisitions to capture a larger share of the market.
For example, in January 2021, Koninklijke Philips NV announced the acquisition of Capsule Technologies, Inc., strengthening its position in patient care management solutions for hospitals.
Highlights of the Capnography Devices Market Report
The portable capnography segment dominated the market in 2020, owing to the associated advantages such as portability, light weight, ease of use and treatment efficiency.
The microstream segment is expected to experience the fastest CAGR of 10.4% during the forecast period. This growth can be attributed to the fact that this technology is more efficient and easier to integrate compared to secondary and traditional technology.
The emergency medicine segment dominated the market in 2020 due to its use to optimize pre-hospital ventilation, correct pediatric emergencies, and as a prognostic indicator to maintain pulmonary blood flow.
In Asia-Pacific, the market is expected to register rapid growth in the coming years owing to the presence of high unmet need, increasing patient awareness levels and improving healthcare infrastructure.
The hospital segment dominated the market in 2020 due to the shift in preference of hospitals from conventional patient monitoring devices to capnographs.
Additionally, strict standards for product approval and post-approval performance monitoring that are regulated by authorities such as the US FDA and the American Academy of Implant can pose a threat to new participants.
Main topics covered:
Chapter 1 Research methodology
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
3.1 Market Lineage Outlook
3.1.1 Analysis of the parents’ market
3.1.2 Auxiliary Market Analysis
3.2 Mapping of penetration and growth prospects
3.3 Analysis of market variables
3.3.1 Market Driver Analysis
22.214.171.124 Increased prevalence of respiratory diseases
126.96.36.199 Technological advances
188.8.131.52 Government support initiatives
3.3.2 Analysis of market restrictions
184.108.40.206 Large-scale availability of inexpensive alternatives in emerging economies
3.4 Tools for analyzing the business environment
3.5 Market entry strategies
Chapter 4 Impact analysis of Covid-19
4.1 Analysis of current and future impacts
4.1.1 Analysis of disease prevalence
4.1.2 Temporary trade measures
4.2 Analysis of manufacturing trends
220.127.116.11 Ban on the export of intensive care equipment
18.104.22.168 Bottleneck in production
4.3 Analysis of Covid-19 opportunities
4.3.1 Market entry strategies
Chapter 5 Capnography Devices Market: Component Estimates and Forecasts to 2028
5.1 Market: component movement analysis
5.2 OEM modules
5.2.1 Market Estimates & Forecasts, 2016 – 2028 (USD Million)
22.214.171.124 Infrared sources
Chapter 6 Capnography Devices Market: Product Estimates and Forecast to 2028
6.1 Market: analysis of product movement
Chapter 7 Capnography Devices Market: Technology Estimates and Forecasts to 2028
7.1 Market: analysis of technological movements
7.2 General public
7.3 Secondary stream
Chapter 8 Capnography Devices Market: Application Estimates and Forecast to 2028
8.1 Market: Application Movement Analysis
8.2 Emergency medicine
8.3 Pain management
8.4 Procedural sedation
8.5 Intensive care
Chapter 9 Capnography Devices Market: Estimates and End-Use Forecast to 2028
9.1 Market: end-use movement analysis
9.3 Outpatient care centers
Chapter 10 Capnography Devices Market: Regional Market Analysis, by Component, Product, Technology, Application, End Use 2016-2028 (USD Million)
10.1 Regional Market Overview
10.2 Regional Market Share Analysis, 2020 and 2028
Chapter 11 Capnography Devices Market: Competitive Analysis
Smiths Group plc
Dragerwerk AG & Co. Kgaa
Welch Allyn (subsidiary of Hillrom)
Koninklijke Philips NV
Nonin Medical, Inc.
Nihon Kohden Corporation
Becton, Dickinson and company (Bd)
Diamedica (UK) Limited
Shenzhen Comen Medical Instruments Co. Ltd.
Edan Instruments, Inc
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