Capnography Device Market Size Worth $1.52 Billion By 2025 | CAGR: 18.9%
Published Date : 23 / 07 / 17 | Report Format: PDF
The global capnography market is expected to grow at growth rate of 18.9% to reach USD 1.52 billion by 2025.
This capnography device measures concentration of carbon dioxide at the end of every exhaled breath [referred as end-tidal carbon dioxide (EtCO2)]. This device is emerged as the standard of care in medical and surgical specialties for the patient safety. Organizations such as Anesthesia Patient Safety Foundation (APSF), Association of Anaesthetists of Great Britain and Ireland (AAGBI), American Society of Anesthesiologists (ASA), and other are thereby considering capnography as an important safety tool in emergency conditions. However, availability of low cost pulse oximeters are seen as strong competitor for capnography market. High acceptance of pulse oximeters in developing as well as developing regions restrain the market growth to some extent during the forecast period.
In terms of components, thermal sources is considered to be the lowest revenue generating segment owing to the low demand compared to infrared sources. Based on products, multi-parameter segment captured below 15% share of the global market in 2016 and is expected to be the small market in future period.Emergency medicine application dominated the global market revenue owing to the high demand of capnography devices in this application area. Further, procedural sedation and critical care application also considered to grow at significant rate during the future period. In terms of end use, hospital is considered to capture large revenue share with the support of technological advancements.
Developed regions like North America and Europe collectively captured more than 80% share of the global market. Rising research and development activities, increasing demand coupled with increasing number of critical care setting drive the market growth. Developing regions such as Asia Pacific, Latin America and Middle East Africa seen as a potential market for the overall growth. Key companies are looking to expand their presence in these regions to capture untapped opportunities which support the market growth. For instance, in January 2015, Viamed, an online medical and automotive product supplier launched new capnography monitor in Middle East countries. Expansion of companies in these emerging market will surely boost the market growth to great extent.
KEY BENEFITS OF THE REPORT:
- Understanding of the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
- In-depth analysis of the key factors are propelling the growth of the global market
- Detailed analysis of the geographic region that will witness the strongest growth
- Granular analysis of the current market scenario and the expected market grow
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY COMPOENTS
- OEM Modules
- Thermal Sources
MARKET, BY PRODUCTS
MARKET, BY TECHNOLOGY
- Main stream
- Side stream
MARKET, BY APPLICATION
- Emergency Medicine
- Procedural Sedation
- Critical care
MARKET, BY END USE
MARKET, BY REGION
- North America
- Asia Pacific
- Rest of the World
MARKET, BY COUNTRY
- Further Breakdown of The North America Market
- Further Breakdown of The Europe Market
- Rest of Europe
- Further Breakdown of The APAC Market
- Rest of APAC
- Further Breakdown of The Rest of the World Market
- Middle East and Africa
- Latin America
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