The global Capnography Device Market is expected to reach USD 1.13 billion by 2024, according to a new report by Grand View Research, Inc. The introduction of regulatory guidelines for procedural sedation and the growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel the Capnography Device Market over the forecast period.
In addition, the associated advantages, such as ease-of-usage, minimally invasive nature, and medical efficiency with its usage, are the key growth drivers. Moreover, the rising incidences of respiratory diseases needing continuous patient monitoring are expected to fuel the demand in the coming years.
Furthermore, the increasing focus of industry leaders in the R&D for the development of new-generation capnographs is expected to serve this market with lucrative growth opportunities in the near future. For instance, Oridion’s micro stream technology that helped in minimizing the dispersion of gases in the sampling tube has created a revolution in the Capnography Device Market.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/capnography-device-market
Further key findings from the study suggest:
·
The handheld capnography segment dominated the
product market in 2015, owing to its associated benefits such as portability,
lightness, ease-of-use, and treatment efficiency
·
On the contrary, multi-parameter capnography
devices are expected to grow at a lucrative CAGR of over 18.0% due to their
increasing applications in patient monitoring. They are proven to be successful
in the detection of ET tube placement verification, breathing irregularities,
and monitor procedural sedation. These aforementioned factors attribute towards
the growth of the multiparameter segment over the forecast period.
·
Micro stream is identified as the fastest
growing technology segment. This can be attributed to the fact that this
technology is more effective and easy to incorporate as compared to side stream
& main stream capnography. It offers four-hour waveform trending,
single-use filters, and a rechargeable battery with eight-hour usage life.
These features enable clinicians to treat intubated & non-intubated
patients.
·
Ambulatory care centers are expected to grow at
a lucrative CAGR during the forecast period. Capnography helps in the early
detection of hypoventilation or apnea, which is critical for patients following
ambulatory procedures. The aforementioned benefit associated with the adoption
of capnography technology is expected to drive the segment growth over the
forecast period.
·
Hospitals dominated the end-use segment of the
Capnography Device Market owing to the shifting of preference of hospitals from
conventional patient monitoring devices to capnography. For instance, Medstar
Harbor Hospital in the U.S. adopted capnography to monitor patients following
Patient-Controlled Analgesia (PCA) for regulating their post-surgical
pain
·
In 2015, North America dominated the overall
capnography market at over 55.0% due to the increasing incorporation of
capnography in hospitals. Moreover, changes in demographic trends, such as a
growing geriatric population and healthcare expenditure, are presumed to boost
the industry growth
·
Asia Pacific is anticipated to be growing at the
fastest rate over the forecast period owing to high unmet needs for healthcare
in the emerging economies such as China & India. Moreover, the increasing
prevalence of COPD & asthma in these regions is expected to create future
growth opportunities for global leaders in Capnography Device Market
·
Furthermore, the rising medical tourism
pertinent to different types of dental surgeries, cosmetic surgeries &
cardiac procedures, and the increasing proportion of GDP expenditure on
healthcare in growing economies, such as Brazil, are the factors augmenting the
capnography equipment industry growth.
·
The key players are now adopting collaborative
strategies, such as new product launches and mergers & acquisitions to
facilitate the business growth and geographical presence. For instance, in
January 2014, Southmedic, Inc. received premarket approval for the C02/02 nasal
cannula, in a probe to expand its capnography product portfolio. The
introduction of such technologically advanced devices is expected to exert a
positive impact on the industry growth during the forecast period.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Capnography Device Market on the basis of product and region:
Global capnography product outlook (Revenue, USD Million, 2013 - 2024)
·
Hand-held
·
Stand-alone
·
Multi-parameter
Global capnography equipment technology outlook (Revenue, USD
Million, 2013 - 2024)
·
Main stream
·
Side stream
·
Micro stream
Global capnography equipment application outlook (Revenue, USD
Million, 2013 - 2024)
·
Emergency medicine
·
Pain management
·
Procedural sedation
·
Critical care
·
Others
Global capnography equipment end-use outlook (Revenue, USD Million,
2013 - 2024)
·
Hospitals
·
Ambulatory care centers
·
Others
Capnography equipment regional outlook (Revenue, USD Million, 2013 -
2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
o
Saudi Arabia
For free press release of this report - http://www.grandviewresearch.com/press-release/global-capnography-device-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment