Market Scenario
The global capnography market 2020 is poised to mature during the forecast period (2018 to 2027) at a CAGR of 19.5%.
Market Highlights
The paediatric population, the number of heart disease patients and rising elderly population are projected to fuel business growth. Increase in tobacco intake internationally, increasing the patient suffering from lung cancer. The main causes of lung cancer and asthma are smoking, air pollutants and increasing cases of infections. During the forecast era, the global capnography market is expected to rise due to factors such as innovation, technical developments and capnography product advancements. Healthcare bodies such as the European Resuscitation Council, the American Society of Anesthesiologists, and others made a strong recommendation about capnography to compulsorily include capnography devices in healthcare facilities. This fuels the growth of the capnographic world market.
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Market Scope
Companies show a great deal of interest in the Capnography market, as they feel there are huge opportunities and gaps between market demand and device supply. Thus, firms are showing more interest in mergers and acquisitions to introduce the best cure that meets market requirement. Countries like India and China, as compared to other countries in this region, are more focused market for global market players due to the huge patient population and growing purchasing power. Japan is a well-developed country with advanced healthcare systems and technology, while developing countries continue to focus on new treatment technology.
Segmental Analysis
The global capnography market is analyzed on the basis of application, devices, type, and end-user.
The global capnography market on the basis of type is bifurcated into capnograph and disposable. Capnograph is further subdivided into three major segments, namely, sidestream capnography, mainstream capnography, and micro stream capnography. Mainstream capnography is further sub-divided handheld monitor, sand alone monitor, and multi-parameter monitor.
Based on device, the global capnography market is segmented into stand-alone monitors, handheld monitors, and others.
Based on application, the global capnography market is divided into pain management, procedural sedation, emergency medicine, critical care, and general floor.
Based on end-user, the global capnography market is segmented into clinics, hospitals, and ambulatory surgical centers.
Regional Summary
The global demand for capnography research is segmented into the Americas, Europe , Asia-Pacific and the Middle East and Africa, based on area.
Leading to the increasing incidence of chronic diseases in the elderly population and the increasing frequency of asthma in paediatrics the American market is expected to dominate the global capnography industry. Due to the expansion of advanced products in this region North America dominates the global capnography market. As approved by government bodies, Latin America is seeing substantial growth in the capnography industry due to expanded usage of capnography instruments in health care facilities. Owing to an unhealthy lifestyle and high-stress level effects, the growing problems of respiratory disorders have contributed to substantial growth in that sector. Excellent reimbursement scenario for cancers is also very effective driver for capnography instruments, particularly in the U.S., as it minimises the patient's financial burden.
The European economy is the second highest in the capnographic world market. Business development in this area stems from government investment and healthcare sector support. But increasing numbers of surgeries and changing habits have led to demand growth in this area.
Asia-Pacific is anticipated to account for the fastest growing region due to the rising population ageing and increasing disease prevalence. Owing to growing healthcare spending and the awareness of the capnography technique, the Asia-Pacific capnography market is anticipated to develop during the forecast period. Countries like India and China are more focused on the global capnography industry, due to the growing buying power and population relative to other developed countries.
Competitive Dashboard
Nonin medical Inc, Dreagerwerk AG & CO. KGaA, Medtronic, Masimo, Nihon Kohden Corporation, Care fusion cooperation, Covidien Ltd, Edan Instruments, Inc., Diamedica Limited,Hill Rom Holding Inc, Welch Allyn, Koninklijke Philips N.V., Smiths Medical Inc, and BD are some of the msjor players of the market.
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