The global capnography devices market is experiencing growth and is projected to reach USD 736.6 million by 2030, according to P&S Intelligence. This growth can be ascribed to the rising occurrence of respiratory illnesses, rising elderly populace, technological improvements in capnography devices, and growing government initiatives, throughout the world.
In the coming few years, the multi-parameter capnography devices category is projected to experience the fastest development in the capnography devices market, based on product type. This can be primarily contributed to the fact that these devices can be combined into patient monitoring systems conveniently for the finding of numerous parameters of patients, and some of them can also be utilized as pulse oximeters.
In recent years, on the basis of technology, Side-stream-based capnography devices had the largest market share in the capnography devices market. This is mainly because of the fact that such devices offer adequate measurable bedside data regarding uneven alveolar emptying and ventilation–perfusion disparity, and this technology needs no standardization before use and has a tremendously short warm-up time enabling its use in emergency circumstances.
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In recent years, the North American region dominated the industry, with the largest market share. This can be attributed to the high occurrence of respiratory medical situations, the existence of key industry players providing capnography devices, enhanced healthcare infrastructure, and high knowledge among healthcare professionals, in the continent.
Technological improvements in capnography have been the key boosting reason for the capnography devices industry, which comprise the combination of photo sensors and MCS in micro-stream capnography devices, and the combination of reduced main-stream multi-gas monitors.
Hence, the rising occurrence of respiratory illnesses, the rising elderly populace, technological improvements in capnography devices, and growing government initiatives, are the major factors propelling the capnography devices market.