Capnography Devices Market Size to Grow by $ 526.20 mn through 2021-2025
The capnography devices market is expected to grow by $ 526.20 mn, accelerating at a CAGR of almost 13% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Capnography Devices Market: Segmentation by Technology
This report provides a detailed analysis of the market by Technology (Sidestream Capnography, Mainstream Capnography, and Microstream Capnography) and Geography (North America, Europe, Asia, and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Capnography Devices Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Becton, Dickinson and Co., Dragerwerk AG & Co. KGaA, Hillrom, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio has been monitoring the Global Capnography Devices Market and it is expected to grow by $ 526.20 million accelerating at a CAGR of almost 13% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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Capnography Devices Market: Recurrent consumption of capnography disposables to drive growth
One of the primary factors that will trigger the growth of the Capnography Devices Market size is the continuous consumption of capnography disposables. The use of capnography disposables decreases the risk of contamination during the analysis of CO2 levels and healthcare-associated infections. Healthcare personnel prefer disposable consumables over reusable products to prevent healthcare-associated infections. As a result, the purchase of capnography disposables has become recurrent, which leads to continuous revenue generation for vendors. The disposables usually cost low compared to the reusable capnography products.
Several regulatory authorities have established favorable guidelines that mandate the use of capnography equipment in hospitals. The Joint Commission, which is an accrediting body for healthcare in the US, recommends the use of capnography to monitor patients who are self-administering analgesia for pain management. The favorable regulatory guidelines that encourage the use of capnography for various applications, such as deep or moderate sedation, primary anesthetic monitoring, and CPR, are driving the growth of the capnography devices market.
Capnography Devices Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Becton, Dickinson and Co., Dragerwerk AG & Co. KGaA, Hillrom, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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