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10/2019

Capnography Devices Market Analysis, Top Companies, New Technology


In 2018, the global capnography devices market reached a value of $365.6 million and is expected to grow at a CAGR of 4.4% during the forecast period (2019–2025). Various factors responsible for the growth of the market are the increasing government initiatives, technological advancements in capnography devices, and the growing prevalence of respiratory diseases. Capnography devices measure the concentration of carbon dioxide (CO2) in the exhaled air and display the concentration during a respiratory cycle. These devices are used as monitoring tools for the management of anesthesia and in intensive care.

 

The capnography devices market is divided into procedural sedation, pain management, emergency medicine, critical care, and others (which include military, dentistry, ventilation support, and general care floor), based on application. Among these, the application of emergency medicine accounted for the major revenue share of the market during the historical period, holding 27.3% share in 2018. The reason for this was that with the use of these devices, patients in the emergency department are sedated safely. This division is further predicted to retain its position during the forecast period.

 

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Another factor leading to the growth of the capnography devices market are the technological advancements related to these devices. The incorporation of miniaturized mainstream multi-gas monitors, photo detectors and molecular correlation spectroscopy in micro stream capnographs are some of the advancements. Attributing to these advancements, the capnography devices are enabled with high safety levels and accuracy, along with having adjustable flow rate, which further facilitates the retrieval of large sample volume and prevents moisture contamination. Other benefits of advanced capnography devices include long-term efficiency, better optimization of post-operative outcomes, and improved overall efficiency.

 

The rising implementation of rules and regulations by the governments to mandate the use of capnography devices is also resulting in the growth of the capnography devices market. The American Society of Gastrointestinal Endoscopy has mandated the utilization of capnography devices for endoscopic retrograde cholangiopancreatography or endoscopic ultrasound procedures. Moreover, the Oregon Board of Dentistry updated Oregon State laws in 2014 in order to include the adoption of capnography-monitoring devices for patients under moderate and deep sedation and general anesthesia. These rules and regulations are leading to the rising adoption of these devices.

 

Hence, technological advancements, rising implementation of rules and regulation by governments, and increasing prevalence of respiratory diseases are driving the market.   

נכתב על ידי , 11/10/2019 10:56  
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