Global Capnography Devices Market Report 2021: Market is Expected to Reach $1.1 Billion - Medtronic Witnessed Increased Demand for EtCO2 Monitors During the Pandemic

2021-06-08 04:10:51

(MENAFN- PR Newswire) DUBLIN, June 8, 2021 /PRNewswire/ -- The "Capnography Devices Market Size, Share & Trends Analysis Report by Component, by Product, by Technology (Mainstream, Sidestream, Microstream), by Application, by End-use, by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global capnography devices market size is expected to reach USD 1.1 billion by 2028, expanding at a CAGR of 9.7% from 2021 to 2028.

Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel market growth over the forecast period.

In addition, associated advantages such as ease of usage, minimally invasive nature, and medical efficiency with its usage are the key growth drivers for the market. Moreover, rising incidences of respiratory diseases that need continuous patient monitoring are expected to fuel the demand for EtCO2 monitors in coming years.The COVID-19 pandemic had a positive impact on the market as companies such as Medtronic witnessed increased demand for EtCO2 monitors during the pandemic. Some companies such as Capsule Technologies also received product approvals for their EtCO2 monitors during the pandemic, which further resulted in positive market growth.The market is highly competitive in nature and a limited number of players have a high level of dominance over the overall revenue share. The key market players account for a considerable share owing to their product offerings.

Market leaders are involved in the establishment of extensive distribution systems as well as increasingly involving in mergers and acquisitions to capture a larger share of the market.

For instance, in January 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc., hence enhancing its position in the patient care management solutions for hospitals. Capnography Devices Market Report Highlights

The handheld capnography segment dominated the market in 2020, owing to associated benefits such as portability, light-weighted, ease of use, and treatment efficiency.
The microstream segment is expected to witness the fastest CAGR of 10.4% over the forecast period. This growth can be attributed to the fact that this technology is more effective and easier to incorporate as compared to sidestream and mainstream technology.
The emergency medicine segment dominated the market in 2020 owing to its usage to optimize pre-hospital ventilation, correct pediatric emergencies, and as a prognostic indicator to maintain pulmonary blood flow.
In Asia Pacific, the market is anticipated to register rapid growth in coming years owing to the presence of high unmet needs coupled with increasing patient awareness levels and improving healthcare infrastructure.
The hospital segment dominated the market in 2020 owing to the shifting preference of hospitals from conventional patient monitoring devices to capnographs.
Moreover, stringent norms for product approval and post-approval performance monitoring which are regulated by authorities such as the U.S. FDA and American Academy of Implant may act as a threat for new participants.

Key Topics Covered: Chapter 1 Research Methodology Chapter 2 Executive Summary Chapter 3 Industry Outlook 3.1 Market Lineage Outlook3.1.1 Parent Market Analysis3.1.2 Ancillary Market Analysis3.2 Penetration & Growth Prospect Mapping3.3 Market Variable Analysis3.3.1 Market driver analysis3.3.1.1 Increasing prevalence of respiratory diseases3.3.1.2 Technological advancements3.3.1.3 Supportive government initiatives3.3.2 Market restraint analysis3.3.2.1 Wide-Scale Availability of Inexpensive Alternatives In Emerging Economies3.4 Business Environment Analysis Tools3.5 Market Entry Strategies Chapter 4 Covid-19 Impact Analysis 4.1 Current and Future Impact Analysis4.1.1 Disease Prevalence Analysis4.1.2 Temporary Trade Measures4.2 Manufacturing Trend Analysis4.2.1 Drivers4.2.1.1 Export Ban of Critical Care Equipment4.2.2 Restraints4.2.2.1 Bottleneck In Production4.3 Covid-19 Opportunity Analysis4.3.1 Market Entry Strategies Chapter 5 Capnography Devices Market: Component Estimates and Forecasts to 2028 5.1 Market: Component Movement Analysis5.2 Oem Modules5.2.1 Market estimates and forecasts, 2016 - 2028 (USD Million)5.2.1.1 Infrared Sources Chapter 6 Capnography Devices Market: Product Estimates and Forecasts to 2028 6.1 Market: Product Movement Analysis6.2 Handheld6.3 Standalone6.4 Multiparameter Chapter 7 Capnography Devices Market: Technology Estimates and Forecasts to 2028 7.1 Market: Technology Movement Analysis7.2 Mainstream7.3 Sidestream7.4 Microstream Chapter 8 Capnography Devices Market: Application Estimates and Forecasts to 2028 8.1 Market: Application Movement Analysis8.2 Emergency Medicine8.3 Pain Management8.4 Procedural Sedation8.5 Critical Care Chapter 9 Capnography Devices Market: End-use Estimates and Forecasts to 2028 9.1 Market: End-use movement analysis9.2 Hospitals9.3 Ambulatory care centers Chapter 10 Capnography Devices Market: Regional Market Analysis, By Component, Product, Technology, Application, End-use 2016 - 2028 (USD Million) 10.1 Regional Market Snapshot10.2 Regional Market Share Analysis, 2020 & 2028 Chapter 11 Capnography Devices Market: Competitive Analysis