The Global Capnography Market is showing the moderate growth; mainly due to increase in the population suffering with lung disease and heart disease. There is incidence reported where smoking causes the asthma. Increase in the consumption of cigarette globally, rising the patient suffering with lung disease.
The Global Capnography Market is expected to grow during the forecast period from 2018 to 2027 at a CAGR of ~19.5%.
Smoking, environmental pollution, and rising cases of infections are the leading causes of lung cancer and asthma. Thus, the demand of Capnography devices is increasing rapidly in coming future. According to World Health Organization (WHO) tobacco kills more than 7 million people each year, of which more than 6 million deaths are the result of direct tobacco use.
Companies are showing much interest toward the market of Capnography, as they feel there are huge opportunities and gaps between the market demand and supply of devices. Thus, companies are showing more interest in merger and acquisition activities for introducing the best cure that meets the requirement of market. The development has been made by Nonin Medical, Inc. in 2016, where they announced that they launched the next generation lifesense II and respsense II capnographs, simple, cost-effective etco2 monitoring for a wide range of applications, which is more accurate, ease of use, and cost effective.
The companies are introducing better devices for getting the global leadership in the capnography devices and provide a strong treatment option in the market. In 2017, Masimo announces FDA clearance and worldwide release of nomoline capnography sampling lines. This Sampling technology eliminates many common problems associated with conventional sidestream gas sampling line systems. Incorporating a unique, patented polymer, nomoline allows water in the sampling line to continuously evaporate into the surrounding air, while leaving oxygen, carbon dioxide, and anesthetic gases unaffected.
Global Capnography Market – Key Players
Athena GTX Inc (U.S.), Dragerwerk AG (Germany), Medtronic Inc. (U.S.), Masimo Corporation (U.S.), Nonin Medical, Inc. (U.S.), OSI Systems Inc (U.S.), Koninklijke Philips N.V. (the Netherlands), Welch Allyn, Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of capnography, globally.
Global Capnography Market – Segments
Global Capnography Market has been segmented on the basis of types which comprises of mainstream capnographs, sidestream capnographs, microstream capnographs, and disposables. On the basis of end users, market is segmented into Hospitals, Surgical centers, Ambulatory and others.
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Global Capnography Market – Regional Analysis
The Capnography Devices Market is much higher in Asia Pacific region, owing to smoking, environmental pollution, and infection. These are the factor which increases the occurrence of disease related to the lungs, thus, the demand for capnography devices enhance in this region. Most of the countries of this region have common lifestyle and economic conditions and focusing more to enhance the treatment option. Thus, more research and development programs are initiated for the development of new devices.
China is the most popular country in the world, with more than 1.3 billion people will lead the Asia Pacific market. The rising levels of risk factors such as an urbanization, air pollution and smoking in this region leads the number of lung cancer cases and fatalities in the world, with 700,000 Chinese people diagnosed with lung cancer in 2015. Thus, increase in the number of patient suffering with lung enhance the demand for better treatment and devices.
Government of developing countries within this region are willing to adopt advanced treatment option available in developed countries, which fuel the market of capnography. These advance devices will overcome the saturation that occurs during the last few years. Countries like India and China are more focused market for global market players owing to the huge patient population and growing purchasing power as compare to other countries in this region. Japan is well developed country and have advanced healthcare system and technology, whereas developing countries are still focusing on new technology for the treatment.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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