The global capnography equipment market is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3%
LONDON, Sept. 24, 2018 /PRNewswire/ --
The capnography equipment market is projected to grow at a CAGR of 4.3%
The global capnography equipment market is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3%. Factors such as the development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, increasing number of surgeries, and the evolving guidelines related to the clinical use of capnography are expected to drive the demand for capnography equipment in the coming years. However, the limited awareness about capnography and the shortage of skilled professionals to operate capnometers are the key challenges in this market.
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Accessories segment is expected to dominate the capnography equipment market, by product, in 2018
Based on product, the market is segmented into capnometers and accessories.The accessories segment is expected to account for the largest share of the capnography equipment market in 2018.
The increasing adoption of capnography equipment during surgical procedures and post-operative monitoring, recommendations by various associations worldwide for the use of capnography equipment during patient monitoring for anesthesia (to enhance patient safety), and the growing number of complex and critical surgical procedures worldwide are the major factors that are expected to drive the growth of the capnography accessories market.
Hospitals are estimated to be the largest end users of capnography equipment in 2018
Based on end user, the market is segmented into hospitals and ambulatory surgery centers & home care.In 2018, the hospitals segment is expected to account for a larger share of this market.
Factors such as the evolving guidelines related to the use of capnography and the rising incidence of chronic disorders are expected to drive the demand for capnography equipment in hospitals in the coming years.
Asia Pacific is expected to register the highest growth rate in the global capnography equipment market
The capnography equipment market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World.The Asia Pacific is estimated to be the fastest-growing regional segment in the capnography equipment market majorly due to the presence of a large target patient population in the region, coupled with the increasing adoption of patient monitoring devices, including capnography equipment, due to the decreasing product costs as a result of local manufacturing and the strengthening of the distribution networks of prominent manufacturers.
The growing medical tourism in several APAC countries is also expected to support the growth of this regional market during the forecast period.
In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the market.
• By Company Type: Tier I - 45%; Tier II - 34%; and Tier III - 21%
• By Designation: C-level - 14%; Director-level - 10%; and Others - 76%
• By Region: North America - 40%; Europe - 32%; APAC - 20%; and RoW - 8%
Some of the major players operating in the capnography equipment market are NIHON KOHDEN (Japan), Philips (Netherlands), Medtronic (Ireland), Smiths Group (UK), Masimo Corporation (US), Drägerwerk AG & Co. KGaA (Germany), Hill-Rom Holdings (US), Nonin Medical (US), Infinium Medical (US), Criticare Technologies (US), SCHILLER (Switzerland), Zoe Medical (US), Edan Instruments (China), and Burtons Medical Equipment (UK).
Research Coverage
This report studies the capnography equipment market based on product, technology, application, end user, and region. The report forecasts the revenue of market segments with respect to four key regions—North America, Europe, the Asia Pacific, and the Rest of the World (and the respective countries in these regions).
The report also studies the factors affecting market growth as well as analyzes the opportunities and challenges in the market.Details of the competitive landscape for market leaders have also been provided in the report.
Furthermore, the report analyzes micromarkets with respect to their individual growth trends.
Reasons to Buy the Report:
From an insights perspective, this research report has focused on various levels of analysis— market ranking and share analysis of top players and company profiles (which together comprise and discuss basic views on the competitive landscape); emerging segments of the capnography equipment market; and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares.
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