Capnography market is projected to grow from US$400.03 million in 2017 to US$1105.43 million by 2023, growing at a CAGR of 18.46% over the forecast period. Capnographs are prerequisite equipment for monitoring the concentration and pressure of carbon dioxide in the breath of patients. Rapidly growing healthcare industry is fuelling the market growth by showing widespread adoption of capnographs to provide improved patient care. Growing advancements in technology, on account of increasing investments into research and development by major market players is another major factor boosting the growth of capnography market. These advancements have facilitated easier and earlier detection of diseases, thus increasing the adoption of capnographs. However, presence of alternative technology like pulse oximeter in the market, which is also used for respiratory monitoring, is limiting the market growth to some extent.
Geographically, Americas is the biggest regional market for these equipment due to the growing occurrences of respiratory disorders in the region. The market in Asia Pacific is anticipated to show the highest growth over the projected period. This growth will be attributed to rapid growth of healthcare industry and increasing investments by major market players into this industry in this region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study, have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global capnography value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are GE, Medtronic, Dragerwerk, and Masimo among others.
Capnography market has been segmented on the basis of type of capnograph, end-user and geography as follows:
- By Type of Capnograph
- By End-User
- Ambulatory Care Units
- By Geography
- North America
- South Africa
- Middle East and Africa (MEA)
- Saudi Arabia
- Asia Pacific (APAC)