July 21, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Capnography Equipment Market.
It was estimated prior to this unanticipated outbreak that the Capnography Equipment Market is likely to witness an impressive CAGR of 4.5% during the forecast period. The development of portable/point-of-care capnography equipment over pulse oximetry, evolving guidelines related to the clinical use of capnography, and growing number of surgical procedures are some of the major factors that bolster the capnography equipment market globally.
Market Scope & Segmentation
Capnography equipment is an equipment that is used to measure the carbon dioxide pressure in the gases for respiration. The equipment shows the pressure of the presence of CO in the form of a graph. The system is used mostly in the case of intensive care or also anesthesia.
Capnography equipment works on sidestream and mainstream and are very much used in important application areas such as cardiac care, emergency care, trauma, respiratory monitoring, and others. Hospitals, ambulatory surgery centers, and home care are some places where the equipment is mostly used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Market Segment Analysis
Based on the product type, the market is segmented as capnometers and capnography accessories. The capnography accessories segment is estimated to lead the market during the forecast period, owing to the increasing adoption of capnography equipment during surgeries and post-surgery patient monitoring. Further, growing number of complex and critical surgical procedures across the globe is likely to act as a catalyst towards the growth of the capnography accessories market.
Based on the technology type, the market is segmented as sidestream capnography and mainstream capnography. The mainstream capnography segment is projected to register a higher growth during the forecast period. Mainstream capnography is extensively used in various CO2 monitoring applications as it delivers faster response time, higher accuracy, no loss of samples, and better suitability for neonates and children in comparison to sidestream capnography.
Based on the application type, the capnography equipment market is segmented as cardiac care, trauma and emergency care, respiratory monitoring, and others. The trauma and emergency care segment are expected to be the fastest-growing segment during the forecast period owing to the increasing number of road accidents and the rising awareness regarding the clinical benefits offered by capnography equipment for the management of trauma cases.
In terms of regions, North America is estimated to be the largest market for capnography equipment owing to large target patient population and presence of major device manufacturers in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Key players operating in the global Capnography Equipment market are-
- Burtons Medical Equipment, Ltd.,
- Criticare Technologies, Inc.,
- Drägerwerk AG & Co. KGaA.,
- Edan Instruments, Inc.,
- Koninklijke Philips N.V.,
- Masimo Corporation,
- Medtronic plc,
- Nonin Medical, Inc.,
- Smiths Group plc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Capnography Equipment analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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