Global Capnography Equipment Market Expected to Reach USD 615.6 Million in 2020: Transparency Market Research
Jun 12, 2015, 06:30 ET
ALBANY, New York, June 12, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Capnography Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," the global capnography equipment market was valued at USD 187.2 million in 2013 and is expected to grow at a CAGR of 18.7% from 2014 to 2020, to reach an estimated value of USD 615.6 million in 2020.
The capnography equipment market is growing at a rapid pace due to factors such as increasing prevalence of respiratory diseases, introduction of various standards and recommendations by government bodies mandating the use of capnography equipment across North America and Europe, and technological advancements in the field of capnography. In October 2013, Covidien, plc. launched Capnostream 20p bedside monitor offering enhanced features to assist physicians identify and address serious health problems.
Full research report on Capnography Equipment Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/capnography-market.html
Capnostream 20p bedside monitor also features Apnea-Sat Alert algorithm, which identifies and informs physician about recurring oxygen desaturation and apnea events. Coupling the Apnea-Sat Alert feature with the capnography technology facilitates early diagnosis, treatment and management of cardiac arrest and associated conditions. Such innovative technologies, which help physicians in easy diagnosis of respiratory disorders and other associated conditions, are propelling demand for capnography equipment, thus driving growth of the market.
Sidestream capnographs dominated the capnography equipment market in 2013, with a market share of approximately 50%. Capability to monitor patients in non-intubated condition, less sterilization issues, and ease-of-use, and convenience in building connection between the patient and the device, especially with patients lying in unusual positions, are some of the major factors driving growth of the market for sidestream capnographs. However, microstream capnographs with a growth rate of over 18.0% is estimated to be the fastest-growing segment owing to advantages such as ease-of-use in non-intubated patients and feasibility to use in neonatal patients over mainstream capnographs and sidestream capnographs respectively.
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Geographically, North America held the largest market share in 2013, accounting for over 60% share in the capnography equipment market. Revision of the basic anesthetic monitoring standards by the American Society of Anesthesiologists (ASA) in the U.S. in October 2010 mandating the use of capnography during the sedation procedure has been the major factor driving growth of capnography equipment market. High prevalence of respiratory diseases including asthma and chronic obstructive pulmonary disorder has also contributed significantly to the growth of the capnography equipment market in North America.
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However, Europe is estimated to be the fastest-growing capnography equipment market during the forecast period of 2014 to 2020. Increasing incidences of respiratory failure, increasing affordability, introduction of favorable government guidelines and standards, and rising government support to promote the use of capnographs are the major factors driving growth of the market for capnography equipment in the European region.
Major players currently operating in the global capnography equipment market include Covidien, plc., Dragerwerk AG, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Smiths Medical, Philips Healthcare, and Welch Allyn, Inc.
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The global capnography equipment market is segmented into the following categories:
Global Capnography Equipment Market, by Products
- Mainstream Capnographs
- Sidestream Capnographs
- Microstream Capnographs
Global Capnography Equipment Market, by End-Use
Global Capnography Equipment Market, by Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
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