To define, describe, and forecast the global capnography equipment market by product, technology, application, end user, and region. To provide detailed information on the major factors influencing global market growth (drivers, restraints, opportunities, and industry-specific challenges).
Secondary sources, directories, and databases (such as Bloomberg Business and Factiva) were used extensively to find and collect data for this technical, market-oriented, and financial analysis of the capnography equipment industry. To acquire and verify qualitative and quantitative information and analyse market prospects, in-depth interviews were performed with a variety of primary respondents, including subject-matter experts (SMEs), C-level executives of important market participants, and industry consultants.
The global capnography equipment market is expected to grow at a CAGR of 4.3 percent from USD 297.1 million in 2018 to USD 366.5 million in 2023. During the study period, factors such as the development of portable/point-of-care capnography devices, the clinical benefits of capnography equipment over pulse oximetry, the growing number of surgeries, and the evolving guidelines related to the clinical use of capnography are expected to drive capnography equipment demand.
The capnography equipment market has been categorised according to product, technology, application, end user, and geography in this study. The market is divided into capnometers and accessories based on product. The accessories category is predicted to take a higher part of the market in 2018. Factors such as the growing use of capnography equipment during surgical procedures and post-operative monitoring, worldwide recommendations for the use of capnography equipment during anaesthesia patient monitoring (to improve patient safety), and the availability of medical reimbursements for capnography equipment for post-operative monitoring across developed countries
The market is divided into two categories based on technology: sidestream and mainstream capnography. During the projection period, the mainstream capnography category is expected to increase at a faster CAGR. Because of the several advantages that mainstream capnography has over sidestream capnography, such as higher accuracy, shorter response time, no sample loss, and better suitability for newborns and children, it is commonly employed in CO2 monitoring applications.
The capnography equipment market is categorised by end user into hospitals, ambulatory surgery centres, and home care. In 2018, the hospitals segment is likely to take a higher part of the market. In the coming years, factors such as changing standards for capnography use and the increased incidence of chronic illnesses are likely to fuel demand for capnography equipment in hospitals.
The market is divided into cardiac care, trauma and emergency care, respiratory monitoring, and other applications based on application. Due to growing awareness of the clinical benefits afforded by capnography equipment for the management of trauma cases, the trauma and emergency care segment is likely to be the fastest-growing application area in the market. During the projection period, the rising number of traffic accidents is expected to promote the expansion of this application category.
The capnography equipment market is examined in four major regions: North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to be the most important geographical market for capnography equipment in 2018. The enormous target patient population in the region, as well as the strong presence of device makers, have contributed to the widespread use of capnography equipment in North America.
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